Very surprising news we got today from the Golden State: California led the nation in cargo thefts last year, with 247 of 747 thefts in the U.S. that were estimated at $171 million, according to a report released last week by the National Insurance Crime Bureau. Texas was the next most-targeted state for cargo thefts, with 91 in 2010. There… Read More »Make Sure to Insure Your Cargo in California
California legislators are considering whether to allow certain insurance policies and disclosures to be consolidated into one document, printed in smaller type. Currently, the law requires an insurer, upon receiving notice of a claim, to immediately, but not more than 15 calendar days after receipt, provide the insured with a legible reproduction of the specified Insurance Code section, in at… Read More »Proposed Insurance Disclosure Notice in California
Should I avoide going to Michigan? Probably yes… But should I ever have to go to Bay City, MI – I’d better have my GPS on at all times. Or something bad can happen to me – like with Bay City, MI resident, who tripped and fell on a sidewals and has lost his lawsuit against the city because he gave the wrong location.… Read More »No Rough Approximations in Michigan
Colorado law makers are thinking to take away some tax exemptions for Pinnacol Assurance. The Budget Committee decided last week to draft the legislation. The decision follows the release of documents showing that the state-chartered workers’ compensation insurance company spent more than $300K on a trip to Pebble Beach, Calif.. Hey, why not, if Pinnacol pays no state or federal taxes. It… Read More »Pinnacol Tax Heaven is not Over
Complaints about Internet crimes have reached a milestone. On Nov. 9, the Internet Crime Complaint Center (IC3) logged its 2 millionth consumer complaint alleging online criminal activity. The IC3, a partnership between the FBI and the National White Collar Crime Center, became operational in May 2000 and received its 1 millionth complaint seven years later, on June 11, 2007. It… Read More »New Milestone of Cyber Crime
Authorities say a central New York convenience store’s surveillance cameras caught a man purposely pouring soda on the floor and then faking a fall so he could file an insurance claim against the business. Insurance fraud investigators say the store’s security videotape shows Barnes pouring soda on the floor. Officials say “injured” filed a claim with the stores insurer and later… Read More »Invest in Security Cameras
Zurich Financial Services Ltd. and its Farmers Group Inc. subsidiary are paying $455 million to settle a class-action lawsuit challenging management service fees paid to Farmers, Zurich said Thursday. Law suite details you can read on your own – Google is your friend. We just want to point to your attention that Zurich and Farmers Group “do not accept that there… Read More »Zurich Settles Half a Billion Claim
More than half of U.S. consumers say poor service from an insurance company is more likely to cause an individual to commit fraud against that company, according to a survey by Accenture. The survey also reveals a significant increase in claims filed, with nearly half of U.S. adults saying they had filed property/casualty insurance claims at some time, up from… Read More »Poor Service Leads to Fraudulent Insurance Claims: Survey
As reported by WorkForce.com (full article: http://www.workforce.com/section/00/article/27/30/48.php_ A pregnant welder who was transferred from her job can pursue pregnancy discrimination and Americans with Disabilities Act claims, a divided (2-1) federal appeals court has ruled in largely overturning a lower court decision. However, a panel of the 6th U.S. Circuit Court of Appeals in Cincinnati upheld the lower court’s… Read More »Pregnancy Discrimination
The bill, sponsored by Sen. Garrett Richter, R-Naples, have addressed solvency concerns by imposing a higher capital requirement of $15 million for a new home insurer and provide all potential rate increases with a review and approval or rejection by Office of Insurance Regulation prior to anything being paid by consumers Elected governor vetoed the bill because he believes it… Read More »Property Insurance Bill Vetoed in Florida
