The insurance industry is faced with fraud cases of all types. Costs associated with paying fraudulent insurance claims ultimately affect insurance rates. In order to combat fraud of all types, insurance companies employ highly trained investigators to examine possible cases of insurance fraud. Recently, a Texas
Read more →This news article was originally posted by The Insurance Journal online. A former northeastern Pennsylvania insurance executive has been sentenced to 5 1/2 to 16 1/2 years in state prison in what prosecutors said was a pyramid scheme worth at least $7 million. Brian Murray, 68, former
Read more →Courtesy of the Insurance Journal Bank of America agreed to offload its Balboa insurance portfolio to Australia’s QBE Insurance for more than $700 million, the latest in a string of asset sales by the U.S. lender as it recovers from the global credit crisis. Bank of America,
Read more →Thieves only need one single piece of personal information to steal your identity and turn your financial life upside down.
Read more →An East End resident is suing a Dallas-based insurance company for not fully paying a claim for roof damage and water damage resulting from Hurricane Ike. Ruby Jackson filed suit in Harris County District Court on Sept. 10, alleging that the Capitol County Mutual Fire Insurance Co.
Read more →Tuesday, Progressive Car Insurance stated their plans to add 175 new sales, customer service and claims jobs in Austin by the end of January as it expands its local claims and customer service operation. Nationally, Progressive plans to 875 new hires in customer and sales. Progressive auto
Read more →HARTFORD, Conn., Jun 27, 2010 (BUSINESS WIRE) — The 2010 Travelers Championship will generate a record-breaking amount to charity as a result of an additional commitment by Travelers (NYSE: TRV) to raise the tournament’s total 2010 charitable contribution to $1.1 million, an amount on par with the
Read more →State Regulators’ Continued Role Will Protect Consumers WASHINGTON, D.C. (June 29, 2010) — The National Association of Insurance Commissioners (NAIC) thanked the House and Senate financial reform conferees for largely preserving the critical role of state insurance regulators in protecting consumers and ensuring the viability of the
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