insurance claims News

Restaurant Owner Sentenced for Setting Fire to His Rhode Island Business

A Massachusetts man has been sentenced to 15 years in federal prison for setting fire to his restaurant to collect nearly $1 million in insurance. The U.S. attorney’s office in Rhode Island says 51-year-old Daniel Saad, of Spencer, was sentenced …

Pennsylvania Insurance Commissioner Offers Advice for Winter Storm Damage

Pennsylvania Insurance Commissioner Teresa Miller is offering tips to consumers whose home or automobile may have sustained damage from this week’s winter storm, according to a press release issued by the Pennsylvania Department of Insurance. “Most standard homeowners’ insurance policies …

U.S. Blizzard Grounds Flights, Raises Power as Trump Tweets

A late-winter storm is about to bury the eastern U.S. in snow. Airlines have canceled thousands of flights, wholesale power prices surged and natural gas futures rallied as the storm prepared to spin up the Atlantic Coast, threatening New York …

Rhode Island Chiropractic Office Sued for Alleged Insurance Fraud Scheme

An insurance company is suing a Providence, R.I., chiropractic office, alleging its owner falsified medical records to boost insurance claims and paid kickbacks to personal injury lawyers who referred clients. The Providence Journal reports the lawsuit filed by Allstate Insurance Company …

Penn State Abuse Scandal Costs Approach a Quarter-Billion

Penn State’s costs related to the Jerry Sandusky scandal are approaching a quarter-billion dollars and growing, five years after the former assistant football coach’s arrest on child molestation charges. The scandal’s overall cost to the school has reached at least …

Virginia Police Urge Caution When Making Post Hurricane Matthew Repairs

Virginia State Police are urging residents to be cautious as they repair their homes and vehicles that suffered damage during Hurricane Matthew. Officials with the State Police Insurance Fraud say residents should check with their insurance provider to make sure …

ABI Confirms Insurers’ UK Flood Coverage Efforts; Losses May Top $1.6 Billion

Mark Shepherd, General Insurance Policy Manager at the Association of British Insurers (ABI), said: “Insurers will be doing everything possible to help customers hit by the latest floods. “They will be operating 24 hour emergency helplines to give customers immediate …

Insurance Council of Australia Declares Sydney Storms a Catastrophe

The Insurance Council of Australia (ICA) has declared a catastrophe after storms struck New South Wales, in particular Sydney’s eastern and southern suburbs. The ICA’s bulletin notes that the “storms brought wind in excess of 200kmh [124 mph], heavy rain …

India Floods Top Aon Benfield/Impact Forecasting’s November Cat Recap

Impact Forecasting, Aon Benfield’s catastrophe model development team, has issued the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events that occurred worldwide during November 2015. The report leads off with an …

N.Y. Assembly OKs Bill to Expedite Claims Processes After Disasters

The New York State Assembly recently approved a bill (A04458) that would require insurers to expedite claims investigation and settlement processes after declared disasters and emergencies. Under the legislation, which passed the Assembly on June 17, insurers would be required …