Archive for the ‘Insurance News’ Category
York police arrest 14 suspects in passport fraud ring linked to staged auto collisions
November 15th, 2011
York Region police have arrested 14 suspects and laid 145 charges following a three-year investigation into a multi-million dollar fraud ring that allegedly staged auto collisions in the Greater Toronto Area (GTA).
Insurance Bureau of Canada (IBC)’s vice president of investigative services, Rick Dubin, congratulated York Regional Police for slicing off “another major tentacle of fraud.”
“Organized insurance fraud is big business in Ontario and, specifically, the GTA,” said Dubin. “And their crimes drive up the cost of insurance for everyone.”
Investigators with the major fraud unit of York Regional Police, working in partnership with the Canada Border Services Agency and the Ontario Ministry of Transportation, began their investigation in July 2011.
Police say members of the ring obtained legitimate government identification using forged foreign passports.
Tags: Auto Collisions, Collisions, Staged Auto, Staged Auto Collisions
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NCPERS to use D.C. insurer’s fiduciary liability program
November 6th, 2011
The largest trade association of public-sector retirement funds endorsed a Washington, D.C.-based insurer’s fiduciary liability insurance program for its members.
The board of the National Conference on Public Employee Retirement Systems (NCPERS) unanimously endorsed Ullico Casualty Group’s program, written on Hudson Insurance Co. paper.
The members of NCPERS manage about $3 trillion in pension assets in trust in more than 500 public sector funds, benefiting about 21 million public sector employees and retirees.
The program is available through independent insurance agents and brokers. The program is expected to launch in the fourth quarter for policies beginning with Jan.
Tags: Fiduciary Liability, Insurer???s Fiduciary, Insurer???s Fiduciary Liability, Program
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Lower Quality Of Lung Cancer Care Delivered By Hospitals Of Last Resort
November 4th, 2011
A new study finds that lung cancer patients treated in hospitals that care for a high percentage of uninsured and Medicaid-insured patients, so-called “high safety-net burden facilities,” were significantly less likely to undergo surgery that was intended to cure the cancer compared to patients treated at low safety-net burden facilities. This difference persisted even after controlling for other factors that significantly decreased the likelihood of curative-intent surgery, such as race, insurance status, stage, and female gender as well as other hospital characteristics. This study is the first to examine the impact of safety-net burden status on access to curative-intent surgery for lung cancer patients nationwide. Full Post..
Tags: Hospitals, Lung Cancer
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Credit liability coverage
October 26th, 2011
The insurance companies providing general liability coverage must be able to insure the credits and loans taken by your company from the banks. How is that possible? Well, the best liability insurance in Georgia must find a method to make sure that your company pays the rates for the loans in time, and they must make sure that the warranties for those credits are protected. There are several types of credit liability insurance.
The internal credits protect the seller against the bankruptcy risk of the owner, and it also protects the bank if the client is not able to pay the monthly rates. Full Post..
Tags: Coverage, Liability Coverage
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Where to obtain Minnesota Homeowners insurance
October 18th, 2011
Your residence is one of the most crucial investment you can make within your lifetime. In order to safeguard this valuable investment think about purchasing a homeowners insurance. Homeowners insurance is an insurance policy that covers damage to your property or liability for any injuries that occurs inside your property.
Its primarily developed to repair or replace a home in case it gets damaged or destroyed. Inside the event that your property and property is damaged in a covered peril the homeowners insurance will safeguard you financially.
Tags: Homeowners Insurance, Insurance
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RIBO warns of alleged fraudulent home and auto insurance scheme
October 12th, 2011
Registered Insurance Brokers of Ontario (RIBO), Ontario’s broker regulator, has issued an advisory about an alleged referral program that allows consumers access to a five-year home and auto policy. However, the insurer listed as the provider had no knowledge of the program, nor does it offer the coverage listed.
According to the RIBO advisory, representatives of “Net Wealth Capital Inc.” sold consumers memberships to “Axccess [sic] Lifestyle Membership Corporation” for a $400 fee. One of the listed membership benefits is access to home and auto insurance (two cars) for five years for a premium of $7,797.
Tags: Insurance, Insurance Scheme
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Compare quotes for umbrella insurance
October 6th, 2011
Umbrella insurance is still a coverage policy in its most basic nature. Clients are required to pay the monthly or annual premium and the condition of deductibles are still applicable. For those who are searching for the different criteria to compare quotes, they won’t need to look out for any special pointers when purchasing the coverage. However, in place of the usual claim limit, insurance companies will state the additional liability coverage that they’re offering to clients.
The extra coverage that an umbrella policy is able to offer ranges from $1 million to $10 million. It’s first important for clients to put their fingers on an exact figure that they’re looking for so that they will be able to compare the different insurance quotes on same ground. Full Post..
Tags: Insurance, Umbrella Insurance
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One Million More Young Adults Have Health Insurance In The USA
September 26th, 2011
According to the CDC, one million more adults in America now have health insurance thanks to the Affordable Care Act. During the first three months of this year, the number of young adults aged between 19 and 25 with health insurance rose by 3.5 percentage points, equivalent to about one million more people, data from NHIS (National Health Interview Survey) revealed. Most offspring can now stay on their parents’ health insurance plans until they are 26 years of age, thanks to the Affordable Care Act. The HHS (Department of Health and Human Services) wrote on its web site today that no other age group had a gain in coverage – the department added that the Affordable Care Act made the difference. Full Post..
Tags: Health Insurance, Insurance, Young Adults
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