Interboro is yet another insurance carrier which has been ruined by New York’s legal crime spree: no-fault fraud. Many millions of dollars were drained out of Interboro’s coffers by the no-fault fraud industry, which operates with a wink from the New York State Legislature and the courts, which play along with the fiction that most no-fault claims are legitimate until proven otherwise. I wonder how many more insurance companies will be financially ruined before something meaningful is done to remedy this crime spree.
Dear Mr. Rogak, I wonder if you remember me as I do you. I was Vice president of claims (B.I. Dept)
and you mainly worked with Al in the No-Fault Dept.
I also wonder if you are aware of the ENTIRE story of the downfall of Interboro “Mutual”. I was the main whistle blower to The Board of Directors regarding all “actions” taken by James Bastian the then President of Interboro Mutual which started the entire investigation by “The Board” who then hired Price Waterhouse. P.W. verified all of my evidence of wrongdoings which lead to the firing of James Bastian. The Board also hired Mr. Bill (William) Gibson (A very intelligent and admired person whom was retired from a very high position in The State Insurance Bureau, was brought in to attempt to save the company. But it was too late and thus Mr. Gibson (Bill) called the State Insurance Dept. as was his duty to do so under the extremly bad situation with the reserves, leading to the Liquidation Bureau taking over the company. This is a very short version of the entire story as I left out many other details.
Nothing will be done, Larry. There is too much money involved, not for the insurance company(s) necessarily, but for the plaintiff attorneys, bogus doctors, especially chiropractors and the like who testify on almost all “Soft-Tissue claims. Most of them do not meet threshold and should be dismissed for same. But the courts and attorneys want to keep that money wheel going, unlike several states who have repealed No-Fault in their state. You buy your Medical coverage(med-pay) and screw the rest. This absolutely cut out and off all No-Fault fraud.But you know that already.
I concur with Mr. Rogaks comment, companies like Interbor have no chance, without a realistic attack on fraud in New York State.
Call me an optimist but I expect Interboro to climb out of this as a success story, and not a casualty. This comapany has always been well run and attentive to the needs of its customers,
the insureds. Interboro is committed to the New York Metro area and has served this community well for a number of years.
The information presented in your article is old news, furthermore Interboro has never written general liability or workers compenstation for as long as I can remember, and we have represented them since 1985. I can only imagine what else is inaccurate in your article.
Interboro is a totally mismanaged company that is throwing away money left and right to settle cases that should rightfully be defended. I know first hand that there is no hope for this useless company.
This company is getting on my nerves. Recently a driver insured under them hit my parked car (and several other for that matter)and left the scene of the accident. There was a witness who got the plate number and after a quick investigation I had the address and the phone number of the person involved. They contacted the company admiting guilt and yet they are refusing to pay for my damages. Now I am forced to take this case to courts and in the end I know I will receive my money and they will have to spend attorney’s and court fees. Sounds dumb to me.
I think Mr. Rogak, as an Insurance Defense attorney is a little biased when it comes to discussing fraud issues. The burden of proof shifts to the Defendant when the case is denied based on such. We have yet to face an adversary in court who could do so.
Insurance companies pocket millions of OUR dollars for the policies they write and then deny OUR claims based on fraud or lack of medical necessity. And medical necessity is determined by a group of peer reviewers who never see our faces, never hear our complaints and simply decide based on the ini miny miny mo system which cases are to be paid and which are to be denied. And let me tell you something, more then 90% of claims are denied by these faceless doctors, who instead of a signature, have a rubber stamp of their names or “DIDCTATED BUT NOT READ” on the bottom of their reports.
So Mr. Rogak don’t talk to me about fraud, there is no bigger fraud then the insurance companies themselves. I have worked in the field of no-fault litigation for one year to many and have had a pleasure to experience the bureaucracy myself. You can tell yourself anything you want and maybe one of these days you will actually believe your own stories, but this girl doesn’t buy it.
(glad to hear that you are getting more work since your sudden departure from Kemper)
Sorry Tanya. You need to be know more about actual law, more so Insurance Law. I fully understand why someone that is not well versed in Insurance law may have you attitude, but, the policy of insurance, is just like any other contract, in fact it is a contract. If people actually read said policy, it lies out what the “Carriers” duties are, what they will and will not pay for and the Conditions under which they will pay or deny a claim.The policy also states what an insured must do and conditions they must abide by. If the insured does not comply with his duties as an insured, a claim can be denied for that as well. I assume you are manly speaking of PIP Coverage (No-Fault Claims) and same has very detailed rules which must be TIMEL:Y followed by all parties concerned. Most insurance companies are fair and reasonable. If proven otherwise, they can be liable to pay the claim and in some cases some legal and other fees or penalties. After all, anyone who buys something, should be aware of exactly what they are buying.
Sorry Tanya. You need to be know more about actual law, more so Insurance Law. I fully understand why someone that is not well versed in Insurance law may have you attitude, but, the policy of insurance, is just like any other contract, in fact it is a contract. If people actually read said policy, it lies out what the “Carriers” duties are, what they will and will not pay for and the Conditions under which they will pay or deny a claim.The policy also states what an insured must do and conditions they must abide by. If the insured does not comply with his duties as an insured, a claim can be denied for that as well. I assume you are manly speaking of PIP Coverage (No-Fault Claims) and same has very detailed rules which must be TIMEL:Y followed by all parties concerned. Most insurance companies are fair and reasonable. If proven otherwise, they can be liable to pay the claim and in some cases some legal and other fees or penalties.
They are the worst . Filed a claim On 5/6/2006 . For my truck That was hit By there insured .The do not call back . I have sent every thing they asked for . Faxed them and in mail .
My auto body Also has called them .:(
20 calls No one calls back . Faxed over 5 letters . There ajuster Saw the truck .
NOW THIS HAVE TO LOVE IT (((
Today I get a letter Saying there closeing case . As they have not herd from us. As my truck rust away .I\’m so stressed over this . They have got to be kidding .
So off to my lawyers Tomorrow .
Its over a month . Unreal
I also Filed a claim with the new york Board On them the other day .
Just found this On internent .
Interboro Mutual Indemnity Insurance Company, based in Mineola, New York, was fined $15,350. A market conduct investigation revealed that for certain automobile insurance claims handled between January 1997 and August 1997, the company did not pay or deny claims in a timely manner and did not properly calculate interest due on overdue benefits. Interboro Mutual Indemnity also failed to notify claimants of reimbursement rights for transportation expenses. The company is the 57th largest auto insurer in New York
after about 9 years with this auto insurance policy, i messed up and paid late. They won;t re-instate my policy. Despite sending a check for the entire annual premium, being almost 50 years old and havinga clean driving record with no claims. go figure. I am being told their policy is that when you are cut for non-payment they will no longer insure you.
Interboro Insurance got $600.00 from my parents in one month and then canceled the same month. If you ask me this company will be doing a world a favor if they just go out of business. Interboro Insurance is one HUGE FRAUD…
The REAL STORY OF THE DOWNFALL OF INTERIOR MUTUAL INDEMNITY INS. CO.
I was Vice Pres. of claims and an officer of “The Company” well before, during and through it being taken over by the NYS Liquidation Bureau. Yes, a portion of the reason for “The Company’s” downfall was insurance fraud mainly on the No-Fault (PIP) side, but the main nail in it’s coffin was due to a certain Executive Vice Pres. his initials are J.B. (I don’t believe I can get sued by stating his name, as all issues are true, but I’m being cautious in this regard) This person whom eventually had FULL CONTROL of “The Company” as he was made President who set up companies that personnel was forced to use, that “HE” had full interests in these companies and basically stole “The Company” blind. I was one of two “whistle blowers” who advised and gave proof to the board of directors of the wrongdoings (many, many wrongdoings of the then President of “The Company. The then Board Of Directors in turn contacted Price Waterhouse for a full investigation of “The Books”. I was proven correct (J.B. fired me as he found out about my inside investigation of him, the J.B. was fired by the Board of Directors and “The Board” re-hired me and got Mr. William Gibson who had retired from the NYS Insurance Department (he was at the time of his hire, a retired high ranking member of “The NYS Insurance Dept.) Mr. Gibson who was highly intelligent and a very respected, even loved by most of the employees of “Interior” who tried tirelessly to save the company, but it was too late by that time as J.B. depleted “The Company’s” reserves. Mr. Gibson wrote a 4 page letter outlining exactly what I am stating herein, the as duty called for, Mr. Gibson voluntarily called The NYS Dept. of Insurance and advised the (as the law required) that the reserves were insufficiant and thus, the NYS Liquidation Bureau came in and with the power and means of the State Ins. Co. rehabilitated the company which is now named Interior Insurance Company. (No longer a mutual company, but a stockholder’s company. What was written herein can all be verified. Sadly, I had opened my mouth to the person that the Liquidation Bureau sent in to rehab the company (he was and surely still is an asshole) and I was eventually let go for threatening him (physically). P.S. the aforementioned asshole quit his job at the Liquidation Bureau & became Pres. of the company as it was more lucrative to said Asshole. To my knowledge, Auto One was not acquired by Interior, but I have been out of that loop for many years, so I can not say for sure. I hope that said asshole reads this entire truth, as he knows all details all too well and I wish him cancer of his asshole. Yes, I am very bitter towards said asshole. He ended the best job I ever had and cherished, but I made a killing in real estate, so I guess it was all for the better, for me. THE END.
As per my statement above, please excuse the type-o in the title.
It should read; The Real Story of Interior Mutual Indemnity Insurance Company.
P.S. At the time of my employment at Interior Mutual, it was a properly administrated company who cared for their insured’s and also for their employees. It a shame what happened to the company as soon as James Bastien was made president. That was the ruination of Interior Insurance Company.
One can not get indicted for slander, when the facts I stated are true & correct. It was a dam shame for me and numerous other employees.
Interboro is yet another insurance carrier which has been ruined by New York’s legal crime spree: no-fault fraud. Many millions of dollars were drained out of Interboro’s coffers by the no-fault fraud industry, which operates with a wink from the New York State Legislature and the courts, which play along with the fiction that most no-fault claims are legitimate until proven otherwise. I wonder how many more insurance companies will be financially ruined before something meaningful is done to remedy this crime spree.
Dear Mr. Rogak, I wonder if you remember me as I do you. I was Vice president of claims (B.I. Dept)
and you mainly worked with Al in the No-Fault Dept.
I also wonder if you are aware of the ENTIRE story of the downfall of Interboro “Mutual”. I was the main whistle blower to The Board of Directors regarding all “actions” taken by James Bastian the then President of Interboro Mutual which started the entire investigation by “The Board” who then hired Price Waterhouse. P.W. verified all of my evidence of wrongdoings which lead to the firing of James Bastian. The Board also hired Mr. Bill (William) Gibson (A very intelligent and admired person whom was retired from a very high position in The State Insurance Bureau, was brought in to attempt to save the company. But it was too late and thus Mr. Gibson (Bill) called the State Insurance Dept. as was his duty to do so under the extremly bad situation with the reserves, leading to the Liquidation Bureau taking over the company. This is a very short version of the entire story as I left out many other details.
Nothing will be done, Larry. There is too much money involved, not for the insurance company(s) necessarily, but for the plaintiff attorneys, bogus doctors, especially chiropractors and the like who testify on almost all “Soft-Tissue claims. Most of them do not meet threshold and should be dismissed for same. But the courts and attorneys want to keep that money wheel going, unlike several states who have repealed No-Fault in their state. You buy your Medical coverage(med-pay) and screw the rest. This absolutely cut out and off all No-Fault fraud.But you know that already.
I concur with Mr. Rogaks comment, companies like Interbor have no chance, without a realistic attack on fraud in New York State.
Call me an optimist but I expect Interboro to climb out of this as a success story, and not a casualty. This comapany has always been well run and attentive to the needs of its customers,
the insureds. Interboro is committed to the New York Metro area and has served this community well for a number of years.
The information presented in your article is old news, furthermore Interboro has never written general liability or workers compenstation for as long as I can remember, and we have represented them since 1985. I can only imagine what else is inaccurate in your article.
Sincerely,
F. Michael Conte
Interboro is a totally mismanaged company that is throwing away money left and right to settle cases that should rightfully be defended. I know first hand that there is no hope for this useless company.
This company is getting on my nerves. Recently a driver insured under them hit my parked car (and several other for that matter)and left the scene of the accident. There was a witness who got the plate number and after a quick investigation I had the address and the phone number of the person involved. They contacted the company admiting guilt and yet they are refusing to pay for my damages. Now I am forced to take this case to courts and in the end I know I will receive my money and they will have to spend attorney’s and court fees. Sounds dumb to me.
I think Mr. Rogak, as an Insurance Defense attorney is a little biased when it comes to discussing fraud issues. The burden of proof shifts to the Defendant when the case is denied based on such. We have yet to face an adversary in court who could do so.
Insurance companies pocket millions of OUR dollars for the policies they write and then deny OUR claims based on fraud or lack of medical necessity. And medical necessity is determined by a group of peer reviewers who never see our faces, never hear our complaints and simply decide based on the ini miny miny mo system which cases are to be paid and which are to be denied. And let me tell you something, more then 90% of claims are denied by these faceless doctors, who instead of a signature, have a rubber stamp of their names or “DIDCTATED BUT NOT READ” on the bottom of their reports.
So Mr. Rogak don’t talk to me about fraud, there is no bigger fraud then the insurance companies themselves. I have worked in the field of no-fault litigation for one year to many and have had a pleasure to experience the bureaucracy myself. You can tell yourself anything you want and maybe one of these days you will actually believe your own stories, but this girl doesn’t buy it.
(glad to hear that you are getting more work since your sudden departure from Kemper)
Sorry Tanya. You need to be know more about actual law, more so Insurance Law. I fully understand why someone that is not well versed in Insurance law may have you attitude, but, the policy of insurance, is just like any other contract, in fact it is a contract. If people actually read said policy, it lies out what the “Carriers” duties are, what they will and will not pay for and the Conditions under which they will pay or deny a claim.The policy also states what an insured must do and conditions they must abide by. If the insured does not comply with his duties as an insured, a claim can be denied for that as well. I assume you are manly speaking of PIP Coverage (No-Fault Claims) and same has very detailed rules which must be TIMEL:Y followed by all parties concerned. Most insurance companies are fair and reasonable. If proven otherwise, they can be liable to pay the claim and in some cases some legal and other fees or penalties. After all, anyone who buys something, should be aware of exactly what they are buying.
Sorry Tanya. You need to be know more about actual law, more so Insurance Law. I fully understand why someone that is not well versed in Insurance law may have you attitude, but, the policy of insurance, is just like any other contract, in fact it is a contract. If people actually read said policy, it lies out what the “Carriers” duties are, what they will and will not pay for and the Conditions under which they will pay or deny a claim.The policy also states what an insured must do and conditions they must abide by. If the insured does not comply with his duties as an insured, a claim can be denied for that as well. I assume you are manly speaking of PIP Coverage (No-Fault Claims) and same has very detailed rules which must be TIMEL:Y followed by all parties concerned. Most insurance companies are fair and reasonable. If proven otherwise, they can be liable to pay the claim and in some cases some legal and other fees or penalties.
They are the worst . Filed a claim On 5/6/2006 . For my truck That was hit By there insured .The do not call back . I have sent every thing they asked for . Faxed them and in mail .
My auto body Also has called them .:(
20 calls No one calls back . Faxed over 5 letters . There ajuster Saw the truck .
NOW THIS HAVE TO LOVE IT (((
Today I get a letter Saying there closeing case . As they have not herd from us. As my truck rust away .I\’m so stressed over this . They have got to be kidding .
So off to my lawyers Tomorrow .
Its over a month . Unreal
I also Filed a claim with the new york Board On them the other day .
Just found this On internent .
Interboro Mutual Indemnity Insurance Company, based in Mineola, New York, was fined $15,350. A market conduct investigation revealed that for certain automobile insurance claims handled between January 1997 and August 1997, the company did not pay or deny claims in a timely manner and did not properly calculate interest due on overdue benefits. Interboro Mutual Indemnity also failed to notify claimants of reimbursement rights for transportation expenses. The company is the 57th largest auto insurer in New York
after about 9 years with this auto insurance policy, i messed up and paid late. They won;t re-instate my policy. Despite sending a check for the entire annual premium, being almost 50 years old and havinga clean driving record with no claims. go figure. I am being told their policy is that when you are cut for non-payment they will no longer insure you.
Interboro is no longer under the control of the insurance department. They are now out of rehab. Is this a first?
Interboro Insurance got $600.00 from my parents in one month and then canceled the same month. If you ask me this company will be doing a world a favor if they just go out of business. Interboro Insurance is one HUGE FRAUD…
Has the sale of Interboro Ins. buying Auto One Gone through yet? Does anyone know. It seems to have fallen off the planet.
James Benson
Broker
Does anyone know if the sale of Auto One to Interboro Insurance been finalized???
Not a word of it in the trades.
The REAL STORY OF THE DOWNFALL OF INTERIOR MUTUAL INDEMNITY INS. CO.
I was Vice Pres. of claims and an officer of “The Company” well before, during and through it being taken over by the NYS Liquidation Bureau. Yes, a portion of the reason for “The Company’s” downfall was insurance fraud mainly on the No-Fault (PIP) side, but the main nail in it’s coffin was due to a certain Executive Vice Pres. his initials are J.B. (I don’t believe I can get sued by stating his name, as all issues are true, but I’m being cautious in this regard) This person whom eventually had FULL CONTROL of “The Company” as he was made President who set up companies that personnel was forced to use, that “HE” had full interests in these companies and basically stole “The Company” blind. I was one of two “whistle blowers” who advised and gave proof to the board of directors of the wrongdoings (many, many wrongdoings of the then President of “The Company. The then Board Of Directors in turn contacted Price Waterhouse for a full investigation of “The Books”. I was proven correct (J.B. fired me as he found out about my inside investigation of him, the J.B. was fired by the Board of Directors and “The Board” re-hired me and got Mr. William Gibson who had retired from the NYS Insurance Department (he was at the time of his hire, a retired high ranking member of “The NYS Insurance Dept.) Mr. Gibson who was highly intelligent and a very respected, even loved by most of the employees of “Interior” who tried tirelessly to save the company, but it was too late by that time as J.B. depleted “The Company’s” reserves. Mr. Gibson wrote a 4 page letter outlining exactly what I am stating herein, the as duty called for, Mr. Gibson voluntarily called The NYS Dept. of Insurance and advised the (as the law required) that the reserves were insufficiant and thus, the NYS Liquidation Bureau came in and with the power and means of the State Ins. Co. rehabilitated the company which is now named Interior Insurance Company. (No longer a mutual company, but a stockholder’s company. What was written herein can all be verified. Sadly, I had opened my mouth to the person that the Liquidation Bureau sent in to rehab the company (he was and surely still is an asshole) and I was eventually let go for threatening him (physically). P.S. the aforementioned asshole quit his job at the Liquidation Bureau & became Pres. of the company as it was more lucrative to said Asshole. To my knowledge, Auto One was not acquired by Interior, but I have been out of that loop for many years, so I can not say for sure. I hope that said asshole reads this entire truth, as he knows all details all too well and I wish him cancer of his asshole. Yes, I am very bitter towards said asshole. He ended the best job I ever had and cherished, but I made a killing in real estate, so I guess it was all for the better, for me. THE END.
As per my statement above, please excuse the type-o in the title.
It should read; The Real Story of Interior Mutual Indemnity Insurance Company.
P.S. At the time of my employment at Interior Mutual, it was a properly administrated company who cared for their insured’s and also for their employees. It a shame what happened to the company as soon as James Bastien was made president. That was the ruination of Interior Insurance Company.
One can not get indicted for slander, when the facts I stated are true & correct. It was a dam shame for me and numerous other employees.
THE REAL STORY OF INTERBORO MUTUAL INDEMNITY INSURANCE COMPANY.
(at this point, I think I being sabotaged. ! )LOL)