insurance News

Russian Oil’s Achilles’ Heel: Insurance

LONDON/NEW DELHI/TOKYO —Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by …

UK Government Set for Leading Role in Insuring Live Entertainment

LONDON — The British government is expected to announce an insurance scheme in the coming weeks for live events, including festivals, theater and sports, to allow them to go ahead despite the pandemic, insurance industry sources said. Insurers have since …

After Plane Crash, Utah Passes Law Requiring Pilot Insurance

ROY, Utah (AP) — The lawsuit from a 2017 crash of an airplane on 1900 West in Roy lingers on, more than three years after it was filed. The pilot, apparently, was not insured, leaving Samantha Sandoval — hit in …

U.S. Taxpayers to Pay Capitol Siege Tab as Government Shuns Insurance

U.S. taxpayers will be on the hook for damage from a mob attack on the U.S. Capitol in Washington on Wednesday because the building and grounds are not insured, industry sources said. Supporters of Republican President Donald Trump angry at …

$64K Air Ambulance Tab Shows Limits of Surprise Billing Law

DENVER (AP) — When a doctor told Toni Stammler her 4-week-old son Milo needed urgent surgery because only one of his lungs was functioning, there was barely time to pack a bag _ let alone try to shop around. “In …

Augmented Reality: Revolutionizing the Claims Cycle

This post is part of series sponsored by CoreLogic | Symbility. As technology advances and becomes more available to a wider audience, we tend to analyze how that tech advancement can benefit us, our clients, and our client’s clients. Computers …

How The World’s Most Valuable Resource is Changing Insurance

This post is part of series sponsored by CoreLogic | Symbility. Oil was once the most valuable resource in the world. Today though, some would say that data is. Data is changing the way business is done everywhere, including the …

Fraud News: Fake Fall, Arson, Payroll Misrepresentation

New Jersey Man Fakes Fall for Insurance Money Police have arrested a New Jersey man who they say faked a slip and fall at a business to get insurance money. Prosecutors say the 57-year-old Randolph man was subcontracted to work …

Investigation Solutions Obtains Work Comp Fraud Conviction, Saving Client $150,000

Irvine, CA, January 29, 2019 – Working on behalf of their carrier client, Investigation Solutions, Inc. (ISI) filed a case with the District Attorney, obtaining a conviction of a former employee who filed a fraudulent claim after being terminated. He …

NYC Slip and Fall Scheme Defrauded Businesses, Insurers of More Than $31M

Five New York City men were charged with conspiracy to commit mail and wire fraud in connection with a scheme to obtain fraudulent insurance reimbursement and other compensation for fraudulent slip-and-fall accidents, according to a joint announcement by the United …