(All images, information, and text courtesy of naic.org. Copyright 2017. All Rights Reserved) Read the Original Article here: http://www.naic.org/cipr_topics/topic_insurance_fraud.htm Insurance fraud occurs when an insurance company, agent, adjuster or consumer commits a deliberate deception in order to obtain an illegitimate gain. It can occur during the process of buying, using, selling or underwriting insurance. Insurance fraud may fall into different categories from indiv

(All content, images, and text courtesy of classaction.org.) Property owners who were forced or coerced into buying excessive flood insurance by their mortgage company or bank. Damages Property owners who had an unnecessary or excessive flood insurance policy force placed on them may be able to participate in a lawsuit to seek compensation for the additional costs of this coverage. Most residences in Special Flood Hazard Areas are already insured by flood insurance policies.

(All content, text and images are the sole property of and were provided by law.freeadvice.com.) Your state’s Department of Insurance (DOI) is a resource for information on insurance companies’ financial stability, but it also regulates insurance companies’ handling of claims for promptness, fairness in negotiations and good faith settlements. Simply put, you, as a consumer, have a right to file a complaint with them if you believe your insurance claim has been mishandled or

(All text, images, and content courtesy of law.freeadvice.com. All rights reserved.) Boicourt v. Amex Assurance Co. Award: $2,006,000 A boy severely injured in a vehicle accident settled for more than $2 million pursuant to a policy that provided only $100,000 in coverage, because the insurance carrier initially refused, in bad faith, to disclose the policy limits. Matson Terminals v. Home Insurance Co Settlement: $33.65 million Home Insurance Company denied coverage

(All content, text, and images are the property of kaiserhealthnews.org. Written by Julie Appleby.) California insurance giant Anthem Blue Cross misled “millions of enrollees” about whether their doctors and hospitals were participating in its new plans, and failed to disclose that many policies wouldn’t cover care outside its approved network, according to a class action lawsuit filed Tuesday. As a result, many consumers have been left on the hook for thousands of dollars in

(All images, information, and text courtesy of chicagotribune.com. Written by Robert McCoppin, Tribune reporter) An insurance company has dropped its unprecedented lawsuit that had claimed that nearly 200 Chicago-area communities didn’t do enough to prevent last year’s widespread flooding. The class-action lawsuits were filed by Farmers Insurance Group in Cook and the collar counties, ostensibly on behalf of more than 600 property owners affected by the flood, and sought to m