A Jericho insurance broker pleaded guilty to stealing a total of $829,963.53 in insurance premiums and other funds from clients to pay for his personal expenses, acting Nassau County District Attorney Madeline Singas announced Monday. Joseph Koch, 57, was arrested in Aug. 2012 after an investigation revealed that he was […]
Insurance
Plans on to offer free medical insurance to poor
State health department is planning to introduce a scheme offering free medical insurance for secondary care. Minister for health and family welfare U T Khader said that a scheme will be introduced in the state soon after cabinet approval. “We have been providing free medical insurance for tertiary care for […]
Insurance Broker Sentenced for Fraud
More than 800 commercial trucking companies in nearly a dozen states paid Atlanta-area insurance broker John Paul Kill approximately $3.7 million in premiums from 2013 to mid-2014 to purchase insurance that protected their livelihoods: their cargo and the trailers that carried it. There was only one problem—for the most part, […]
Insurance benefit – the poor or the rich?
Several times it has become issue of argument as to who needs insurance protection most. Is it the poor or the rich?. The truth is that everybody needs insurance, but the poor needs it most. A rich man that has plenty of cars in his garage may not feel it […]
Insurance firm to pay for delaying claim
The State Consumer Disputes Redressal Commission has directed United India Insurance (UII) to pay Rs 5.24 lakh insured declared value (IDV) to Jaswant Verma of Sector 44 at 12% interest from October 24, 2013, which is the date six months after filing of the original claim till realization. UII has […]
Crash-for-cash fraudster jailed for insurance scam
A second man has been sentenced for his part in a ‘crash-for-cash’ insurance fraud scam in west London, according to police. Mohamed Labre Chiadmi – also known as Adam Leno – had pleaded guilty to fraud by false representation and two counts of making false declarations to obtain motor […]
Pregnant woman filmed faking car crash for insurance payout
Australian police had arrived at a rain-soaked Sydney intersection in May to find two mangled vehicles and a dazed Fadel who was eight months pregnant and reportedly suffering stomach and back pains. She explained that after missing the stop sign, her car had ploughed into the side of another moving […]
Insurance stats show the changing face of crime
The Citizen With the release of the 2014/15 crime statistics, and what can only be described as a national outcry over their contents, the South African Insurance Crime Bureau (SAICB) have released a set of their own statistics for the period. Their statistics show changing trends and hotspots in South […]
Any insurance company in Nigeria worth its salt should pay claims – Akinboye
Akinboye Codewit.com What is your vision for Standard Alliance Insurance following your return to the insurance industry? Having worked in the insurance industry for thirteen years, I needed to take a break and reappraise my carrier. While away, I also tried one or two things and went back to school […]
Nigerian hajj stampede victims not insured
The 64 Nigerians confirmed dead in the Mina stampede in Saudi Arabia, plus the 71 injured and the 244 missing pilgrims do not have valid insurance cover. According to Saturday Punch, majority of the 76,000 Nigerians, who participated in this year’s Hajj in Mecca, did not have travel health insurance […]
