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Archive for April 2011

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Written by lordsinsurancelog

April 29, 2011 at 6:46 pm

Posted in Lords Insurance

Divorcee forges wifes account for insurance

MYSORE: Years after divorce, a man has claimed the insurance benefits of his wife by forging her bank account.

Roopashree has accused her former husband Ravichandra of cheating her of Rs 3-lakh insurance amount. The incident came to light after she got a message from a private insurance company about maturity of her bond. Shock was in store for Roopashree, mother of two, when she went to the insurance office to complete the procedures. She was told that the amount was transferred to her account.

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Written by lordsinsurancelog

April 29, 2011 at 6:34 pm

Posted in Insurance News

Man is arrested on auto insurance fraud charges

A man who claimed his truck was stolen from a restaurant in Fontana was arrested April 27 for allegedly committing auto insurance fraud, according to the San Bernardino County District Attorney’s Office.

Ruben Colunga, 37, of San Bernardino was taken into custody by San Bernardino police officers for an outstanding arrest warrant on felony insurance fraud charges.

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Written by lordsinsurancelog

April 29, 2011 at 6:30 pm

Posted in Insurance News

Vineland man sentenced in insurance scam

BRIDGETON — A Cumberland County man was sentenced to state prison Friday for conspiring to set his aunt’s automobile ablaze so that she could collect insurance proceeds, according to Attorney General Paula T. Dow and Division of Criminal Justice Director Stephen J. Taylor.

Kristopher Wynder, 21, of Vineland, was sentenced to five years in state prison by Superior Court Judge Darrell Fineman. The sentence is based on Wynder’s Feb. 16 guilty plea to second-degree conspiracy to commit aggravated arson. Wynder was charged in a May 12, 2010, Cumberland County grand jury indictment.

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Written by lordsinsurancelog

April 29, 2011 at 6:29 pm

Posted in Insurance News

Pictures of the Day

Written by lordsinsurancelog

April 29, 2011 at 6:23 pm

Posted in Daily Quip

Do you drive like a jerk? There’s an app for that

State Farm has released an app that teaches parents and teens how to be better drivers.

To most people using a smartphone while driving sounds like it would be a bad idea, how would that encourage safe driving? But today, State Farm is launching a new free mobile app, Driver Feedback, which transforms a person’s cell phone into a portable driving coach.

The app, which is available for iPhone and iPod touch, gives users individual criticism about their driving habits and then suggests tips on how people can drive more safely.

Research says that certain driving habits will increase the risk of a car crash.  The Driver Feedback app utilizes the device’s accelerometer to gage three important driving behaviors which are: acceleration, braking and cornering.

When in use, at the end of each outing, the driver is given a score and a record of potentially dangerous driving actions. If the app thinks you are an especially dangerous driver it will give you tips so that you don’t get yourself and your smartphone killed.

Important features of the new Driver Feedback app are:

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Written by lordsinsurancelog

April 28, 2011 at 4:04 pm

Posted in Insurance News

States Investigating Life Insurance Companies

A number of states have begun to look into whether large life insurance companies are failing to ensure that they pay out on policies of deceased customers. So far, 34 states have reportedly signed on for the probe.

At issue is the status of possibly hundreds of millions of dollars, now held by the insurance companies, that could go to consumers and the cash-strapped state governments.

The Wall Street Journal reports the inquiry began with the efforts of an auditing firm, Verus Financial LLC, which began approaching states three years ago with the idea of identifying unclaimed life insurance policies that those states could seize as abandoned property.

California subpoenas MetLife

One of the states is California, whose insurance commissioner recently announced he is investigating MetLife’s practices regarding the payment of death benefits.

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Written by lordsinsurancelog

April 28, 2011 at 3:52 pm

Posted in Insurance News