The issue of medical marijuana and how it pertains to insurance has been under debate in Michigan. Lawmakers have previously enacted legislations that freed insurers from paying for medical marijuana, but the same cannot be said for auto insurance companies. It is fairly common for those that have been injured in car accidents to seek medical marijuana as a way to medicate the pain. According to state lawmakers, no insurance coverage was ever meant to accommodate such a treatment and now legislators are looking at new laws that would bar…
Read MoreTag: auto accidents
New Jersey insurance regulators prepare to tackle a loophole in the state’s insurance system
New Jersey insurance companies have filed a complaint against a North Jersey hospital that is billing them excessively for medical procedures that are not inherently expensive. According to insurers, the claims coming from the Meadowlands Hospital Medical Center in Secaucus, New Jersey, are 3,000% higher than the claims coming from other, similar medical centers. Governor Chris Christie is expected to take up the issue and target the medical center as part of his campaign against rising insurance prices. The problem seems to stem from auto accidents. The Meadowlands Hospital Medical…
Read MoreNew technology can prevent collisions at low speeds
A recent study funded by the auto insurance industry has shown that new technology installed into vehicles can make a significant difference in helping to prevent rear-end collisions and fender benders that occur at slow speeds such as in traffic jams. The research was performed by the Highway Loss Data Institute, the research branch of the Insurance Institute for Highway Safety. It discovered that when a 2010 Volvo XC60 was fitted with a special technology feature called City Safety, which is designed for collision avoidance, the vehicles were much less…
Read MorePersonal injury fraud is costing us all!
Lawmakers will be focusing on ways to control auto insurance prices; mainly, by reducing the amount of scams and civil lawsuits associated with bogus personal injury claims. Staged accidents are costing law enforcement, insurance companies and private tax payers millions of dollars a year. In most states, insurance fraud is a (2nd degree) felony, with a minimum, mandatory two year prison term if convicted. In some states, like Florida, organized crime rings committing auto related accidents have gotten so out of control, the insurance industry has developed special investigation units.…
Read More
