Live Insurance News

Auto insurance fraud under attack in California following $1.3 million grant

November 12, 2012November 11, 2012 Julie Campbell

A Contra Costa district attorney has directed the funds toward an aggressive effort. According to the district attorney in Conta Costra, California, officials will now be establishing an investigation into workers’ compensation, disability, health care, and auto insurance fraud, with the assistance of a state grant worth $1.3 million. The announcement explained that these funds will help in both investigations and prosecutions. The Contra Costa County District Attorney’s Office, and the California Department of Insurance made the announcement through District Attorney Mark Peterson, saying that the grand money would be…

Auto insurance scam could impact many Detroit drivers

November 7, 2012April 30, 2013

Officials from the state of Michigan is cautioning motorists to look into their coverage. The Michigan Office of Financial and Insurance Regulation (OFIR) has released a warning to drivers in the Detroit area, stating that they may have purchased auto insurance policies that were fraudulent. All of the fraudulent policies come from a single agent from one agency in the Southfield. The agency in question is unlicensed and is being operated under the name Al Baraka Enterprise, located in Southfield, near Detroit. The agent who has been selling the auto…

Insurance news made in Texas with trial set for fraudulent crash of $1M car

October 4, 2012October 4, 2012 Nordstrom

The driver has been accused of deliberately crashing the Bugatti to collect payments. A Texas man is making insurance news in a fraud case in which he has been accused of deliberately driving his rare, $1 million Bugatti car directly into a lagoon in order to be able to collect on his policy. The lawsuit was filed against the man by the insurer that was covering the vehicle. The driver of the car, Andy House, crashed the car three years ago, but the court case has only just come back…

Auto insurance in Florida continues to be a problem

October 1, 2012 S.Vagus

Lawmakers benefits of new auto insurance laws to be seen soon Auto insurance in Florida has been in flux for some time. State lawmakers have been laboring to make changes to Florida’s auto insurance regulations in the hopes of curbing the prevalence of fraud. Legislators have made significant changes to the state’s personal injury protection (PIP) regulations, which have been hailed both as a remedy for fraud and a financial problem for consumers and businesses. Whatever the case may be, auto insurers are tasked with figuring out ways to lower…

Florida auto insurance law loophole causing problems for medical care providers

May 11, 2012May 25, 2012 S.Vagus

Regulators scramble to address issues before damages spiral out of control Florida insurance regulators are making an effort to close a loophole in the state’s no-fault auto insurance law. State legislators introduced a new auto insurance law this year that changed the Florida personal injury protection (PIP) regulations. Regulators have discovered a loophole in the law that could have a serious impact on payments that are given to health care providers. The loophole has already generated a number of lawsuits, some of which have been targeted at the law itself,…