The Coalition Protecting Auto No Fault (CPAN), a Lansing-based group, has filed a lawsuit against the insurance system in Michigan at the Ingham County Circuit Court, with the intention of forcing the insurance industry to report the data it collects regarding health and accidents. Officials with the Coalition are working to alter the current insurance system through a proposal of two bills which was made in November and which has been supported by insurance companies. They are seeking to have information from the Michigan Catastrophic Claims Association (MCCA) – a…
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New York judge rules on controversial insurance lawsuit concerning 9/11
Earlier in the year, a federal judge in New York reinstated an insurance case concerning the 9/11 terrorist attacks. The lawsuit originated shortly after September 11, 2001, and was backed by victims of the attacks and the families of those that had lost their lives. Several insurance companies also threw their support behind the lawsuit, which quickly raised the price of the suit to $100 billion. Federal Judge George Daniels of Manhattan levied an official ruling on the case last week, finding in favor of the prosecuting party. The target…
Read MoreAllstate initiates $6.3 million lawsuit to recover funds from New York area fraud
Allstate Insurance Company has filed an insurance fraud case worth $6.3 million in order to recover the money they lost from fraud by 83 defendants from the New York area. This is the seventh fraud complaint initiated by the insurer this year. The lawsuit was filed under the Racketeer Influenced and Corrupt Organizations Act (RICO) as well as some common law principles. It claims that the 83 defendants took part in parallel, though separate, strategies to use misleading and fraudulent bills when making insurance claims with Allstate for durable medical…
Read MoreU.S. appeals court to rule on a law concerning insurance payments for the heirs of the Armenian genocide
The 9th U.S. Circuit Court of Appeals in California has taken a controversial stance on the matter of the Armenian genocide in Turkey which may conflict with U.S. foreign policy. The issue concerns a state law which declares that heirs of those killed by the Turkish Ottoman Empire are due life insurance payments from three of Germany’s largest insurance organizations. The court first levied a tentative ruling on the matter in 2009, where judges ruled in favor of the German insurers. Now, however, the judges have ruled to rehear the…
Read MoreAllstate files $5 million lawsuit in New York as a result of fraud
Allstate Insurance is looking to recover some $5 million in New York that has been lost due to fraud. The company has filed a lawsuit targeting 21 individuals, 17 of which are being accused of misrepresenting public entities. The insurer claims that these people have continuously submitted fraudulent claims on behalf of corporation that were owned and operated by laypersons, as opposed to licensed professionals. The insurer notes that fraud is one of the primary reasons rates have been rising in the state in recent years. Allstate has filed some…
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