Live Insurance News

Property insurance claim filed by Sedgwick County following fraud

December 16, 2016December 14, 2016 H. Cutner

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…

Kim Kardashian robbery has now led to an insurance claim for stolen jewelry

October 11, 2016October 7, 2016 H. Cutner

kim kardashian robbery jewelry insurance claim

The celebrity who was the victim of a terrifying robbery has now submitted a claim for what was lost in the theft. The Kim Kardashian robbery that filled the headlines last week has now led to a sizeable insurance claim. When the celebrity was tied up and robbed at gunpoint, the criminals reportedly took 13 items from her possession. The reality television star has now filed an insurance claim suggesting the pieces were worth less than initially suggested. The insurance claim from the Kim Kardashian robbery indicates that the 13…

New information discovered about fire insurance denials in Indian Hill

September 28, 2015September 27, 2015 G. Turner

Details have now been released about the blaze in Ohio that destroyed a $4 million home. In 2014, a massive fire ripped through a multi-million dollar home in Indian Hill, Ohio, but despite the fact that it was covered by fire insurance, the insurer denied the owner’s claim and refused to pay for the damages. New details with regards to that case have now emerged to shine some light on the situation. The homeowners, Jeffrey and Maria Decker, filed a $60 million lawsuit against the fire insurance company, last January.…

Insurance fraud exposure generate a daily savings of $5.58 million

July 15, 2015July 14, 2015 Julie Campbell

A new ABI study has shown that the efforts to stop fraudsters are saving consumers in the U.K. The Association of British Insurers (ABI) has now released its data about the impact of exposing insurance fraud in the United Kingdom, and the results are showing that it is saving consumers a massive amount of money. The report showed that a daily $5.588 million (£3.6 million) is saved because of exposing insurance cheats. According to the report, the daily amount is saved by consumers in the U.K. “saved by exposing insurance…

Insurance fraud plea deal keeps Ted Lilly out of jail

February 9, 2015February 7, 2015 G. Turner

The former MLB pitcher has accepted a plea deal in California in order to keep himself out of prison. Recently, Live Insurance News reported on the case of Ted Lilly, who was charged with insurance fraud and who was facing jail time as a part of his sentence for defrauding insurers. This case in California has taken a new turn, now that the former MLB player has accepted a plea deal. Although Lilly did not actually appear in the California court, the attorney representing him entered a no contest plea…