There has been a recent rise in auto insurance fraud cases in Kern County in the US. Authorities are attempting to examine the causes as well as the possible solutions to stem this growing trend. While the scam is catching on in other parts of the United States too, Kern County seems to have the maximum cases at this point.
An unfortunate accident can happen with an automobile any time. Therefore, it is mandatory that the vehicle should be duly insured to get proper protection. Auto insurance claims in USA are quite difficult to obtain because of the large numbers of claims. Some simple ways can be followed to get the auto insurance claims settled.
It is always good to prepare for the hurricane season in the USA that begins from June and ends in November. Online Auto Insurance warns people to remain prepared for the season in advance so that they can get their auto insurance claims in case of automobile damage in the disaster.
The locals in Florida are trying to find ways in order to defraud or exploit the system of no-fault auto insurance. Hence, the need for a reform to target fraud and stop it has become pertinent.
It is mandatory for car owners in the U.S. to have auto insurance. But many Americans feel that because of this law, their rights as policy holders are being abused. In the past, if a driver has no history of traffic violations he is being rewarded by his auto insurance company in the form of discounted monthly premium. He is considered a responsible driver by the auto insurance company because of his untarnished driving record and on time monthly payments. But things have changed after insurance companies require a background check on the credit history of applicants. The economic crisis … (more) November 22, 2011
It is mandatory for all American citizens to get auto insurance policy when they are driving their own cars. And because of this, auto insurance companies are checking the driver’s driving records to know if they are responsible drivers and they have no traffic records or violations. Drivers with traffic violations are asked by insurance companies to pay high monthly premium. This is because they belong to the group of high risk drivers. The more delinquent you are as a driver, the higher your monthly premium is. There was a recent study of the worst drivers in the U.S. The … (more) November 18, 2011
The insurance companies had to make large payouts for the damage cause by natural disasters and this may increase the auto insurance rate.
Recent study shows that auto insurance companies are losing billions of dollars in revenues because of the wrong information written by policy holders in auto insurance application forms. The study says that because of the incorrect or misleading information that were supplied by policy holders, the auto insurance companies undercharged policy holders by $15.4 billion. The study was conducted by Quality Planning Corporation, a group connected with Verisk Analytics. They claim that because of discrepancies in the information given by policy holders, the right amount of monthly premiums were not collected by auto insurance companies, resulting in huge amount of … (more) November 10, 2011
The rise in the number of cars around the U.S. and the increasing number of young drivers are the major causes of fatalities on the road. American drivers are mandated by law to have auto insurance. But some Americans are not following the law, resulting to road accidents. According to an Allstate Insurance survey 8 out of 10 American motorist believe that they will not be stranded on the roadside if their cars crash or breakdown. Polls show that 84% are confident that they will not have a serious road accident despite the fact that some of the drivers that … (more) November 6, 2011
Natural disasters cause havoc and damage property, automobiles and lives of innumerable human beings. With increasing rates of disasters, the auto insurance companies are not being able to settle insurance claims. As a result, most of the auto insurance companies have decided to increase premiums for auto insurance so that claims can be settled.
The second quarter results of 2011 seem to suggest a tumultuous phase due to the thunderstorms and tornadoes in Midwest and the South. The auto insurance industry loss ratio prior to consideration of reinsurance has climbed to 70.6% and has marked the industry’s worst second quarter performance since 2001. This has even outpaced the loss ratios of 58.1% and 56.2% in 2010 and 2009 during the second quarters, according to SNL insurance which is a division of SNL. The industry premium has essentially remained flat and has decreased just 0.2% from the second quarter of 2010. The auto insurance companies … (more) October 24, 2011
Officials from the state Department of Insurance have stated that they need to clamp down on the medical benefits that are paid by the auto insurance companies after the accidents. They claim that this will prevent companies from fleeing N.J. However, the skeptics claim that its anti-fraud net has been cast too wide. A series of changes have been planned for the PIP or Personal Injury Protection in auto insurance. About four hours of testimony was heard on Thursday by the Assembly Financial Institutions and Insurance Committee. The PIP cover offers protection and covers the medical cost regardless of who … (more) October 21, 2011
A state House panel in Lansing began the hearings on the proposed no-fault auto insurance changes today. The room was packed with wheelchair-bound people who had suffered injuries as a result of car accidents and they were there to request lawmakers to retain the no-fault laws in the state. As per the proposed changes drivers would be allowed to choose lower rates by reducing the amount of coverage. George Sinas is the attorney with a coalition that consists of hospitals, doctors, trial lawyers who have opposed the changes. He states that he is particularly concerned over some particular change in … (more) October 16, 2011
There has been a sharp rise in auto insurance fraud in the San Diego County due to the economic downturn. This has prompted the DA’s office to step in to educate the general public about the repercussions of being involved in such crimes, stated a Deputy District Attorney on Wednesday. Dominic Dugo, who is the deputy district attorney as well as director of fraud grants in the San Diego County, has stated that the fraud generally went up when the unemployment levels rose. He added that it was not merely limited to auto insurance fraud but all types of fraud. … (more) October 15, 2011
Not so long ago we had the privilege of being able to get a no credit check auto insurance policy if we had a good driving record, paid insurance on time, had good credit history etc. However, that does not seem to be the case anymore, as insurance providers don’t really care if you have kept up your payment schedule nor have a good credit history etc. Today, even if you or your spouse end up losing your job due to the economic downturn, the auto insurance companies can still nail you with hiked premiums or worse they can even … (more) October 6, 2011
Long gone are the days when customers could show their impeccable driving record, void of any speeding tickets or accidents, and proof of paying their insurance premiums regularly and expect to be rewarded in return by the auto insurance provider in the form of discounted auto insurance premiums. Today, auto insurance providers do not pay as much attention to these aspects, as they do to the credit history and the fact that your spouse or partner getting the pink slip due to the downward spiraling economy. Therefore, even insurance holders with good driving records and good payment scheduled are still … (more) September 29, 2011
There are consumers who are unhappy about the rising auto insurance prices which are attributed to the increase in the number of auto insurance frauds. Most of them also believe that this is a reason that is being cited without enough proof to substantiate it. For those who feel that this is all hogwash, here is a reality check. The number of fraudulent auto insurance claims is indeed increasing not just in one state, but across the country. There is also evidence to prove the same. Numerous fraudsters who allegedly ran an auto collision ring by staging accidents and filing … (more) September 26, 2011
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