Man Pleads Guilty in Wire Fraud; the Alabama Insurance Agent Is Accused of Not Paying ClaimsAn Alabama insurance agent pleaded guilty Wednesday to taking part in a scam that sold bogus workers compensation insurance to businesses in Jacksonville and the Southeast.Peter A. Thosteson, 66, of ...
Insurers have armies of actuaries whose sole job is to determine the likelihood of a payout on a given policy. Our policies and their profits depend on most people paying their insurance premiums and hardly ever needing to file a claim. That, combined with the actuaries’ ability to make acc...
One of the best parts of the book comes at the end, where he details nine steps to take when you have an insurance claim. That is gold. Yes. He recommends that people get an attorney involved if they have to, or if they think they have to, but that’s not the first thing he re...
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INSURANCE COMPANY NOT PAYING YOUR ACCIDENT CLAIM? OUR ATTORNEYS CAN HELP FILE AN INSURANCE BAD FAITH CLAIM The insurance industry is large, intimidating, and often unfair. You need a strong insurance bad faith attorney in your corner, well seasoned in insurance law, who has succeeded against such...
The amount of time that insurance companies have to investigate a claim depends on the state. It is generally anywhere from a couple of weeks to over a month. The length of a particular investigation will depend on several factors, like the claim’s comp
Insurance companies stay in business (and turn a profit) by understanding—and setting policy rates around—the odds of a claim and the amount they’ll pay in case one is filed. For life insurance and some medical policies, you’ll pay more if you’re older or have documented unhealthy ...
Policy holders must first file a claim before any money can be disbursed to the hospital or repair shop or other contracted service. The insurance company may or may not approve the claim, based on its own assessment of the circumstances. Individuals who take out home, life, health, or ...
Much depends on the insurer's perception of your risk for a claim. For example, suppose you own several expensive automobiles and have a history of reckless driving. In that case, you will likely pay more for an auto policy than someone with a single midrange sedan and a perfect driving r...
Filing a Claim Death benefits are not paid out automatically from a life insurance policy. The beneficiary must first file aclaimwith the life insurance company. Depending on the insurance company's processes and procedures, this may be done online or it may require filing a paper claim. No ...