Florida to host a series of meetings of insurance and consumer representatives to solve problems with PIP system

The Florida state government will be facilitating a series of meetings to resolve an issue with the state’s personal injury protection (PIP) insurance law. Insurers, medical professionals, state officials and representatives from a number of consumer advocacy groups will be attending the meetings and working together to find some resolution to the issue. Currently, PIP insurance is required throughout Florida, which has spurred rampant fraud in the state. Through the meetings, the groups will conclude whether the PIP system should be reformed or abolished altogether. Fraud has plagues Florida’s PIP…

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Rhode Island legislator suspected of insurance fraud, charged with misappropriation of funds

A lawmaker from Rhode Island is being accused of insurance fraud. Representative Leo Medina was charged with misappropriation of funds yesterday stemming from an policy check issued late last year. The check was a payout from a life insurance policy which was originally intended for one of Medina’s friends whose daughter had died. Medina allegedly kept the majority of the money for himself after helping his friend, who does not speak English, obtain a payout from an insurance company. Insurance fraud has been a growing concern throughout the nation in…

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Allstate sues 10 New York area defendants for $5 million in insurance fraud

Allstate Insurance Company has filed a lawsuit against 10 defendants in the New York area in order to help to recover $5 million in fraudulent insurance claims. This is the company’s fourth lawsuit of this nature this year. The complaint includes specific mention of five medical professional corporations, a physician, one corporation, and three individuals who are not physicians. Thirty one fraud lawsuits worth over $170 million in damages have been filed by Allstate in the state of New York since 2003. New York state is a hotbed of insurance…

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FEMA requests money back from disaster victims

FEMA, the Federal Emergency Management Agency, admits disaster payments to unqualified applicants were largely their own fault. As a consequence of employees who did not completely understand eligibility rules made accounting errors, thousands of people were paid disaster relief money between 2005 and 2009; now they’re getting a bill from FEMA, wanting their money back. Victims of floods, tornadoes, wildfires and earthquakes that received help from FEMA as far back as 2005; may be getting a bill from FEMA. After discovering that there had been improper payments made, FEMA began looking into…

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Florida Property Insurance Reform Underway

In Tallahassee Florida, the fight for the insurance reform could mean an expensive cost of millions of dollars to the concerned customers during the legislative session. According to the private insurance industry, Citizens Property Insurance – a government run company, should raise its rates to its customers as well as reduce the coverage for them since they cannot possibly compete with these. The state lawmakers are now considering this and it could lead to a rapid increase of payments for the residents of Tallahassee. Similar changes have been noted, such as…

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