Life is so unpredictable that even the most elaborate savings plan might not be enough financial security for the average person. That’s why insurance was created and why the demand has been and will continue to be high as we push forward into late 2013. You just never know. The point of insurance, regardless of the exact type, is to protect people from financial ruin. Although the payments are often spread out, they aren’t cheap, and it’s important to be both calculated and intentional with your selection if you choose…
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Disability insurance fraud crackdown underscores issues in program
Federal authorities have discovered massive problems in the coverage plan for injured workers. A probe that has been continuing for two years, so far, has just led federal authorities to make 68 arrests in Puerto Rico, having to do with fraudulent claims on disability insurance. This, according to information from the U.S. Social Security Administration’s inspector general. The inspector general from the U.S. Social Security Administration has stated that prosecutors have now also charged a former Social Security employee as well as three doctors with having taken part in assisting…
Read MoreInsurance news from Zurich shows a massive $700 million superstorm bill
The European insurer has released the figures relating to its claims from Sandy. Zurich has just released its latest insurance news by becoming the most recent insurer to have connected its figures to the damage caused by Hurricane Sandy, reporting that it is expecting that its net claims will reach approximately $700 million. These predictions are following closely on the heels of the figures release made by AIG. The numbers that were issued by AIG had forecasted that the storm would have generated post-tax net losses of approximately $1.3 billion.…
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