Latest Insurance News

101 Are Indicted in Massive Auto-Insurance Fraud Case

By The Associated Press More than 100 people were indicted in what authorities say is one of the state's largest cases of auto-insurance fraud for allegedly bilking companies out of hundreds of thousands of dollars, officials announced Wednesday. In the scheme, employees at a dozen San Gabriel Valley law firms would steer accident-insurance claim cases to a chiropractic clinic, prosecutors said. The clinic then would overbill insurers by signing off on claims that inflated the number of...

St. Petersburg Times, Fla., Business Briefs

Jan. 11--EX-GOV. MARTINEZ TAKES SEAT AT A NEW LAW FIRM: Holland & Knight has swiped a major rainmaker and prominent politico from rival Tampa firm Carlton Fields. He will become a senior policy adviser at Holland & Knight, with offices in Tampa, Tallahassee and Washington, D.C. Martinez, Florida's governor from 1987 to 1991, described the new position as "a different kind of platform."....We are unable to display this entire news item because this article's licensing expires after a certain a...

Web Car Insurance Guide Launched ; N.M. Consumers Can Do Online Cost Comparisons

By Journal Staff Report Shopping for car insurance in New Mexico may have gotten a little easier thanks to the Insurance Division of the state Public Regulation Commission. The division launched an online comparison guide to New Mexico personal auto insurance premium costs this week, according to a news release. The guide can be accessed by clicking on the "Compare Auto Premiums" button on the NMPRC Web site home page, www.nmprc.state.nm.us. The auto premium comparison guide is the cu...

Steps to Save Money on Travel

By Marshall Loeb Planning on traveling in 2007? If you want to save money, plan ahead. Here's how to save on travel expenses this year: If you're flying to Mexico, Canada or the Caribbean this year, you better have a passport. Starting Jan. 23, you'll need it to get back into the United States. It can take up to six weeks to get a passport, which costs $97 for adults and $82 for children under 16. For details, visit travel.state.gov/passport or www.getapassportnow.com. Crossing the bord...

YOUR Money: Boost Your WEALTH HEALTH ; ..Follow Our Simple Tips and You Could Be Pounds 10,000 Richer

By JOHN HUSBAND; TRICIA PHILLIPS CHRISTMAS has left millions of us a lot poorer and plumper. So now's the time to lose pounds from your waistline, adding them to your wallet or purse instead. Believe it or not you could be as much as pounds 10,000 richer by this time next year. As with your health, all you need do to boost your wealth is to make a few simple changes to your lifestyle. Just cut costs and invest the money saved. DAILY CAPPUCCINO: That daily cappuccino from the coffee sh...

Merrill Ups Admiral's Target Price

By Sion Barry Investment bank Merrill Lynch has raised its share price objective for motor insurance group Admiral of Cardiff. Yesterday it upgraded it to 1240p. Admiral's share price closed at 1088p. The City institution said Admiral's subsidiary venture Confused.com, which provides online price comparisons on car insurance, had the potential to increase fourfold to pounds 58m by 2010. Merrill Lynch said, 'A more detailed analysis of Confused, a visit of the Spanish operations [Balumba] ...

Hartford Upgrades Auto Insurance Plan

By Bloomberg, AP and Staff Reports The Hartford Financial Services Group Inc. announced recently that an enhanced version of its Dimensions personal auto insurance program -- Dimensions with AutoPackages -- has been made available in six more states: Oklahoma, Minnesota, Colorado, Kansas, Nevada and New Mexico. Dimensions, which is sold through the company's network of independent agents, is a "multivariate" insurance plan that applies intersecting rating factors to generate a customized p...

101 Indicted in Insurance Fraud Scheme

LOS ANGELES - More than 100 people were indicted in an auto insurance fraud scheme that authorities say bilked the companies out of hundreds of thousands of dollars.Several of the defendants were law firm administrators, who were accused of sending car crash clients to a chiropractic clinic, which helped overbill insurance companies by inflating the number of client visits, according to an official familiar with the case.The official spoke on condition of anonymity pending an official announc...

The Price of Youth ; CAR CHOICE ++ Finding a Safe, Reliable Car for a Teenager to Learn on That Doesn't Incur a Sky-High Insurance Bill is No Easy Matter, Says James Ruppert

By James Ruppert Tatiana Christides's 17-year-old son is learning to drive and she is looking for a second family car that he can drive. Her primary concerns are safety and reliability. Both Tatiana and her husband agree that a two- to three-year-old car would be ideal, but there is disagreement over the actual vehicle. Neither wants any model that is too small as they have two other children and it would be nice if the whole family could fit inside. Their budget is [pound]4,000- [pound]6,0...

Big Guns Push Up Motor Premiums

DRIVERS had to swallow rises of an average four per cent on their insurance premiums during the final three months of 2006, motoring organisation the AA has revealed. The AA British Insurance Premium Index shows that the price of comprehensive car cover went up 4.35 per cent between October and December last year, leaving the average policy costing an eye- watering Pounds 783. It was during this period that Norwich Union and Royal Bank of Scotland Insurance, which dominate the car insuran...