Insurance News

Posts Tagged ‘Claims

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).

During the first six months of 2010, questionable liability insurance claims involving Read the rest of this entry »

Advertisements

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).

During the first six months of 2010, questionable liability insurance claims involving Read the rest of this entry »

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).

During the first six months of 2010, questionable liability insurance claims involving Read the rest of this entry »

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 condition of parts or products that may be used to repair the vehicle;” or limit Read the rest of this entry »

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 protect coastal residents from nature’s devastation has coughed up more than $8 billion over the past 15 years for more Read the rest of this entry »

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 referral reason categories of claims?property, casualty, commercial, workers? compensation, vehicle and Read the rest of this entry »

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 staged phony accidents, it said. The number of dubious claims for hailstorm damage to roofs of Read the rest of this entry »