Auto insurance fraud spiking rates in New York

homeowners insurance fraud

Insurance fraud continues to complicate New York auto insurance Insurance fraud is a serious problem throughout the U.S., and one that continues to defy any measures that have been taken to mitigate it. In New York, the issue is beginning to cause significant financial strain for consumers, especially in regards to auto insurance. According to Brooklyn Executive Assistant District Attorney Jeff Ferguson, auto insurance fraud is causing the cost of this coverage to grow at an alarming rate. If measure are not taken quickly, auto insurance may soon become too…

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Homeowners insurance claims for Sandy aren’t all going smoothly

Hurricane Sandy flood insurance

Some policyholders are struggling while officials remind claimants to be “smart” when they file. New York state officials are recommending that homeowners insurance policyholders be “smart” about the way that they file their claims related to damage from Sandy and are also stating that they should know that they are not required to accept the first offer that is made by their insurers. There are many disagreements between claimants and insurers about issues such as flooding. Many homeowners insurance customers are finding themselves battling out the details of their claims…

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Hurricane Sandy relief plan approved by Senate

US Congress Hurricane Sandy Relief Plan

Senate approves emergency spending plan for victims of Hurricane Sandy Hurricane Sandy may be gone, but it certainly is not forgotten. The U.S. Senate has approved an emergency spending plan that is designed to provide aid to victims of the powerful storm. The plan has received the backing of the insurance industry, which has been steadily handling the flow of claims produced by Hurricane Sandy since the storm struck the East Coast in late October of 2012. The aid package is expected to help victims in the recovery process and…

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Insurance news from Eerie includes $100,000 donation to Sandy victims

insurance news red cross

The American Red Cross will be distributing the funds among those who need it most. The latest Eerie Insurance news is that the company has announced that it will be making a donation of $100,000 to the victims of Hurricane Sandy through the American Red Cross. The funds will be used to assist people in New York, Maryland, and Pennsylvania. According to the president and CEO of ERIE, Terry Cavanaugh, “There is always a great need that follows catastrophes of this magnitude and the Red Cross is the go-to resource…

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Insurance news from New York Governor makes steps to accelerate Sandy claims

New York Governor Andrew Cuomo Insurance News

Gov. Andrew Cuomo has met with the state’s leading insurers to make important changes. As New York continues to battle with the aftermath of superstorm Sandy, the state is making insurance news by hacking its way through bureaucratic red tape in order to help the 360,000 victims of the storm to receive faster payments. A new online system is also being created in order to help gauge the performance of insurers. This insurance news is notable because the online system will allow insurers to be graded based on their response…

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