Live Insurance News

Insurance news shows that while burglaries are dropping, claims are rising

October 14, 2014October 11, 2014 Julie Campbell

Burglar Alarm Discount homeowners insurance news

A recent report from an insurer has shown that break ins aren’t as common but they are more expensive. Over recent years, insurance news has been reporting that victims of burglaries are increasingly discovering that their homeowners policies are falling short of the amount that would be required to replace some of their valuable possessions, as thieves have started to focus on small and expensive items that are easy to sell instead of large and bulky items such as big screen TVs. While people focus on making sure that their…

Travel insurance claims can be rejected if alcohol was involved

September 26, 2014September 23, 2014 Julie Campbell

Some insurers have been facing some criticism for refusing to pay when a policyholder had been drinking on vacation. Travel insurance companies in the United Kingdom have been turning down certain claims when they discover that the vacationers who had made them had been drinking alcohol before they suffered from the accident in question. The Financial Ombudsman Service (FOS) has stated that a “high standard of proof” must be provided. According to the FOS, the travel insurance company must be able to show quite solidly that the amount of alcohol…

Insurance fraud complaints are increasing in South Carolina

August 12, 2014August 9, 2014 H. Cutner

The state has now reached an all time high, according to a report that was recently released. Complaints have been rising in South Carolina with regards to insurance fraud, to the point that they are now reaching the highest point that they have ever been, with over 1,200 having been filed last year. This, according to a report that was recently released by Attorney General Alan Wilson. The Insurance Fraud Division of the office of the Attorney General put out an annual report that underscored the fact that attorneys had…

Homeowners insurance company warns of Friday robbery spikes

July 22, 2014July 19, 2014 Julie Campbell

According to a data analysis conducted by Aviva Canada, home burglaries dramatically rise in summer months, too. While the majority of us may look forward to Fridays because it means that we’re headed toward a weekend of fun and relaxation, a homeowners insurance company is now warning property owners to take extra precautions on that day as it is also a favorite time for burglaries. A large national home insurer has conducted a data analysis and showed that certain times are far worse than others. Aviva Canada’s data analysis showed…

Auto insurance fraud impacted by catalyst of staged collisions

July 22, 2014July 19, 2014 H. Cutner

Organized scam rings are already costing the industry millions and are placing innocent people in harm’s way. According to investigators, auto insurance fraud is becoming more frequent as well as more sophisticated, as they are now involving organized groups as opposed to individuals or a small handful of people. Today’s insurance scams involve faked crashes with involvement of medical clinics and other professionals. This allows the collisions to occur, the claims to be made, and phony treatments to be administered in order to generate lucrative payouts for those involved. The…