Consumer group warns that insurers may be manipulating claims payouts

insurance industry report

Organization warns that software is allowing insurers to make reduced payments on injury claims The Consumer Federation of America has issued warnings this week concerning software that is often used by many of the largest insurance companies in the U.S. The organization, which works to establish a more consumer-friendly atmosphere in a number of different industries, claims that this insurance system is susceptible to manipulation, allowing insurance companies reduce their payouts concerning home injury claims. The organization has released a report detailing the shortfalls of the system and calling for…

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Pennsylvania Turnpike claims will exceed the trucking company’s $1 million coverage

According to court records, there have been approximately 900 claims made since November, when a segment of the Pennsylvania Turnpike was covered in liquid asphalt when thousands of gallons of the thick, sticky substance leaked out of a truck. That same filing also showed that the coverage from the insurance policy held by the trucking company responsible for the mess will likely not be enough to pay for all of those claims. The primary insurer for MTS Transport, Travelers Insurance, stated that the 40 mile-long spill has said that the…

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