Live Insurance News

Auto insurance fraud rising most quickly in Minnesota

January 28, 2013April 30, 2013

The state is now leading the country in organized scams to the vehicle coverage industry. An auto insurance news report was just issued by the Insurance Federation of Minnesota, which made a call to legislators, prosecutors, and regulators to increase their efforts to crack down on the fraud that is occurring within the industry in this state. This request is to boost the efforts that these officials have already been making for this purpose. There is already a crackdown in place to help to stop the no-fault auto insurance fraud…

Insurance news from Ohio shows fraud is on the rise

December 11, 2012April 30, 2013

The state has received a record breaking number of allegations of fraudulent claims this year. Officials in Ohio have reported the insurance news that there has been a notable increase to the amount of fraud that is occurring in the industry. The scams are being blamed on the hard economic times and criminal activities in the state. According to the most recent Ohio Department of Insurance news, the combined efforts of insurers, agents, customers, police, and other parties have already generated 4,022 fraud allegations in the state as of last…

Insurance news spotlights Tom Hanks among scam victims

November 9, 2012November 9, 2012 Julie Campbell

Insurance news Tom Hanks and Rita Wilson

Jerry B. Goldman, the celebrity’s insurance broker, has been charged with fraud. Tom Hanks is making insurance news, but not because of a blockbuster movie. Instead, it is because he, a former guitarist from The Police, Andy Summers, and hundreds of others have been overcharged by their broker, who has been charged with fraud. The Southern Californian broker pled not guilty to the allegations against him on Wednesday. The broker who has been charged with fraud is named Jerry B. Goldman. He was arrested from his home in Thousand Oaks,…

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…