Property insurance claim filed by Sedgwick County following fraud

life insurance scam

A week after discovering it had been scammed out of half a million dollars or more, the filing of loss was made. Sedgwick County officials have filed a property insurance claim a week after it discovered it had been scammed. The county had fallen victim to a scam and, as a result, had lost over half a million dollars to the scammers. The county determined that it had lost $566,088.90 as a result of internal fraudulent activity. Sedgwick County was asked for the personnel file of one of its employees…

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Insurance news released to Madoff victims with claims

New Jersey homeowners insurance law

An appeals court has ruled that filings can be made for actual losses that were suffered. A New York state appeals court has made insurance news by ruling on the case regarding the types of claims that can be made by the victims of Bernard Madoff’s Ponzi scheme that bilked millions of dollars from those involved. The ruling allows the victims to make claims based on the actual losses that they suffered. This means that while the insurance news is good, in that they can make some claims, they will…

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SAS is a rising star for the insurance industry

Insurance industry gender diversity

SAS gaining popularity for innovative anti-fraud, security, and business analytics solutions SAS, a leader in business analytics software and services, is becoming a very popular name in the realm of fraud in the insurance industry. The global insurance industry continues to struggle with fraudulent activities throughout numerous sectors, many of which have adverse effects on honest customers. SAS has become a leader in anti-fraud and security software and have been working to combat fraud in an aggressive manner. The firm has begun expanding its Security Intelligence initiative by establishing a…

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Chubb introduces new insurance product focused on cybercrime and fraud

Cyber Insurance industry popularity

Chubb aims to provide health care provider with new protections The Chubb Group of Insurance Companies, the eighth largest property/casualty insurer in the U.S., has announced the launch of a new insurance product that is aimed at helping small to mid-sized health care organizations manage cybercrime and fraud. Data breach has been a serious issue for many industries and may soon become a serious problem in health care. Per the Affordable Care Act, most health care records are to be stored electronically. The law also paves the way for a…

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3 types of insurance coverage you might have but don’t need

Insurance can be exceptionally useful for helping to bring you peace of mind and assisting you in case catastrophe occurs. However, just because it can be handy doesn’t mean that you need every form available. It is important to have a look at the types of coverage you have so that you know that you’re not buying coverage for something you don’t have or need. Some of the main types of coverage that many people don’t need include the following: • Rental car insurance – though the agents at the…

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