We insure the insurers. Large risks and catastrophes are the raw material of reinsurance. Unlike the insurance universe, which is marked by cycles and trends where shocks are exceptional, reinsurers need to focus on the tail end of the probability spectrum – on low-frequency, high-severity ...
Workers’ compensation payments are susceptible toinsurance fraud. An employee may falsely report that their injury was sustained on the job, exaggerate the severity of an injury, or invent an injury. The National Insurance Crime Board asserts that there are “organized criminal conspiracies of crooke...
The consumer champion found Facebook users had reported seeing a post from an account posing as the King offering "royal membership cards". The post claimed the card gave the holder three annual visits with the monarch, as well as two iPhones, a cap and a t-shirt. There was al...
Without it, they can be sued for negligence and left on the hook for all medical expenses and lost wages. Employers should investigate claims to understand how employees get hurt and how to prevent fraud. This helps keep the costs of insurance down. Be sure to shop for the best rate for...
Aside from being responsible for fraud-related losses, a negligent board member could further hobble operations when it comes to insurance. “Insurance policies always have exclusions and they are usually specific, which varies on a fact to fact basis,” says Peyton. “The insurance company will ...
PolicySpecial Report: Insurance 2024 Winners & Losers of the Year By City & State April 8, 2024 Publisher's Section New York State Elected officials play a leading role in writing the laws that govern the lives of New Yorkers, but it’s not done in a vacuum. Behind the ...
In 2011, the OTS was merged with other agencies including the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board of Governors, and the Consumer Financial Protection Bureau (CFPB). ...
Fraudian slips: in desperate times, people do desperate things. But all who pay a premium pay a price for insurance scams.(FEATURE)Martin, Edward
Therefore, finding out the current location of the debtor is often the leg you’ll need to stand on if you’re to have any legal success with your case; it’s one you can’t afford to be without.Why hire UKPI to trace a person who owes you money in the UK? Debtors can create ...
On Infowars, Jones said Tuesday that he is more than $1 million in debt. If he gets the salary increase, he said, he would be left with about $300,000 a year after paying his legal bills. “With all my expenses and things, that...