Live Insurance News

Evacuation cost claims expected from homeowners insurance companies

October 13, 2017October 12, 2017 Julie Campbell

Wildfire victims are being reminded that even if their homes aren’t damaged, they may still have coverage. The thousands of California wildfire victims who have been evacuated from Sonoma, Butte and Napa, may be able to make an evacuation cost claim with their insurers. Those carrying homeowners or renters insurance policies may be able to make claims to help with the expenses. Even in cases when properties haven’t been damaged, many renters and homeowners insurance policies cover some or all of the evacuation cost they face when ordered to leave…

Tracy Morgan insurance dispute with Walmart won’t see him deposed

June 7, 2017June 5, 2017 Julie Campbell

tracy morgan, tracy morgan accident, walmart insurance, Ohio Casualty, walmart insurance company, insurance lawsuit

The celebrity of Saturday Night Live and 30 Rock fame refused to testify under oath in this case. The current Tracy Morgan insurance case against Walmart has changed its tone as the celebrity refused to testify in a deposition. Walmart’s insurance company, Ohio Casualty, demanded that Morgan participate in a 7-hour deposition. The purpose of the deposition, said the insurance company, is to show that Morgan has exaggerated his injuries in order to obtain the claimed payout. The payout is reported to be around $90 million. That said, Benedict Morelli,…

Sinkhole insurance likely lacking for damaged Fraser homes

January 4, 2017January 2, 2017 H. Cutner

Homeowners are likely to receive unwanted news from the bad gift they received on Christmas Eve. Homes damaged on Christmas Eve in suburban Detroit are unlikely to be covered by sinkhole insurance. Experts are saying that while homeowners should still file claims with their insurers, much or all of the damage from the Fraser sinkhole is unlikely to be covered. Standard insurance policies contain exclusions when it comes to perils such as sinkholes. Sinkhole insurance is frequently quite uncommon due to the careful wording of homeowners insurance policies. They contain…

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…