Posts Tagged ‘Claims’
Medical Mills Help Drive Up Insurance Rates In New York, Questionable Claims For Excessive Treatment On The Rise
Posted by: incur on: September 27, 2010
Excessive billings by medical mills, fraudulent companies that provide few if any real health care services to the public, are a key factor in driving New York State’s no-fault automobile insurance fraud crisis. New data shows the problem with medical mills’ excessive treatment is growing, according to the New York Alliance Against Insurance Fraud (NYAAIF). [...]
Medical Mills Help Drive Up Insurance Rates In New York, Questionable Claims For Excessive Treatment On The Rise
Posted by: incur on: September 22, 2010
Excessive billings by medical mills, fraudulent companies that provide few if any real health care services to the public, are a key factor in driving New York State’s no-fault automobile insurance fraud crisis. New data shows the problem with medical mills’ excessive treatment is growing, according to the New York Alliance Against Insurance Fraud (NYAAIF). [...]
Medical Mills Help Drive Up Insurance Rates In New York, Questionable Claims For Excessive Treatment On The Rise
Posted by: incur on: September 19, 2010
Excessive billings by medical mills, fraudulent companies that provide few if any real health care services to the public, are a key factor in driving New York State’s no-fault automobile insurance fraud crisis. New data shows the problem with medical mills’ excessive treatment is growing, according to the New York Alliance Against Insurance Fraud (NYAAIF). [...]
Texas Warns Insurance Companies on Auto Insurance Claims
Posted by: incur on: August 19, 2010
Texas Insurance Commissioner Mike Geeslin has released a bulletin reminding auto insurance providers that it is against state law to “directly or indirectly limit the insurer’s coverage under a policy covering damage to a motor vehicle.” Specifically, the Texas Insurance Code states that insurers may not specify “the brand, type, kind, age, vendor, supplier, or [...]
Nation’s flooding safety net is $18 billion in the red, much from repetitive claims
Posted by: incur on: August 12, 2010
WASHINGTON — The first warning sign was a house in Humble. Between 1977 and 1995, the National Flood Insurance Program paid out $806,591 for repeated storm damage to a suburban Houston home that was valued at $114,480. If you think the math doesn’t add up, you’re not the only one. The federal government’s program to [...]
Insurers Facing Increasing Number of Questionable Claims
Posted by: incur on: August 4, 2010
Given these continued hard times for Americans, insurers might want to be extra vigilant when scrutinizing customer’s claims. New data issued today from the National Insurance Crime Bureau (NICB) in its report on questionable claims (QC) during the first half 2010, found that QCs have skyrocketed in the past two years. The report examines six [...]
Smashed Car Windows Lead Dubious Insurance Claims
Posted by: incur on: August 3, 2010
Questionable insurance claims rose 14 percent in the first half of 2010, led by a fivefold increase for car windows that owners may have smashed, the National Insurance Crime Bureau reported today. Almost half the 7,993 cases of suspected fraud were related to vehicles, the industry group said. Some policyholders deliberately damaged car windows or [...]
Insurers fighting claims over Chinese drywall
Posted by: incur on: November 4, 2009
While commercial and homeowner insurers are determining how to handle the financial headache they allege some Chinese drywall is causing, claims and costs continue to mount. Several small private insurance companies have filed pre-emptive declaratory judgment motions in Florida state courts, saying they are not obligated to cover damages caused by the tainted drywall based [...]
Insurers Push Prevention To Prune Costs and Claims
Posted by: incur on: April 7, 2009
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ZURICH (Dow Jones)–Insurers are learning that prevention is better than cure. It keeps costs and claims in check, shields corporate profits and costumers like it too. Instead of just paying out claims after a disaster strikes, some insurers are telling clients how to avoid being hit by a calamity in the first place. Analysts say [...]
Insurers Push Prevention To Prune Costs and Claims
Posted by: incur on: April 6, 2009
- In: Uncategorized
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ZURICH (Dow Jones)–Insurers are learning that prevention is better than cure. It keeps costs and claims in check, shields corporate profits and costumers like it too. Instead of just paying out claims after a disaster strikes, some insurers are telling clients how to avoid being hit by a calamity in the first place. Analysts say [...]
