February 9, 2012
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What you need to consider for covering your business

What you need to consider for ...

Many business owners rely on their personal insurance to cover their small businesses. It is, especially true of business owners, working at home. But health insurance is not designed to ...

How advantageous can be a suitable insurance company?

How advantageous can be a suit...

If you use any form of business, chances are you have some form of business insurance in place. It might be just the legal minimum, it could be any liability ...

As a business owner you need a business insurance

As a business owner you need a...

A woman enters the restaurant you own, and is triggered by a nail protruding from the floor. It sounds great, but a week later she is back with a lawyer ...

Home business requires a business insurance

Home business requires a busin...

There are so many aspects you must consider when you own a home business. Insurance could be something that you do not even have time to think. However, remember that ...

Browsing all articles tagged with Fraud

Florida Tackling PIP Reform to Deal with Auto Insurance Fraud

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Nate SpofforthAugust 25, 2011

The state of Florida is known for its beaches, older residents, election chad debacles, and PIP auto insurance fraud. The state is one that has had a hard time detracting people from committing auto insurance fraud.

The state is finally working with insurance industry insiders to try and create a bill that would reform the personal injury protection laws in the state so that no further abuses would be able to take place. In Florida, many residents are angry that it has taken decades to even begin to talk about tackling the issue of auto insurance fraud.

The issue of fraud has been brought more into the media in the state of Florida due to the state’s current poor economic conditions. T Full Post…

Tags: Auto Insurance, Auto Insurance Fraud, Fraud, Insurance Fraud

Insurance Fraud: It’s All About The Money

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adminNovember 25, 2009

Two stories caught my interest this morning. Two stories about insurance fraud that illustrate the fraud can be perpetrated by insureds, insurers, third-parties, regulators, and just about anyone where there is money involved.

In Florida, insurer, QBE Insurance Corporation, is facing a $500 million bad faith lawsuit by a condominium association. The association’s towers were seriously damaged in a hurricane. The allegation is that the insurer, knowing the two condominium towers faced demolition and condemnation without insurance settlement money, “[took] advantage of the socioeconomic conditions of residents and the inability of residents to raise the money to make the repairs.” In other words, the insurer is accused of delaying claim settlement to force a more advantageous settlement.

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Tags: Fraud, Insurance Fraud