Automobile coverage in CA can become complex depending on a person’s specific needs and is often misunderstood by consumers which may leave them with the wrong type of policy and/or underinsured. California requires that motorists are Financialy Responsibile when registering and operating a vehicle. You must have compensation in place in case you cause injury or property damage to another when operating your auto.
California Insurance Commissioner Steve Poizner announced that on March 5, Jay Xi Chen and his sister, Tracy Chen Chen, both of Diamond Bar, Calif., were arrested at their residence on felony auto insurance fraud charges for filing an allegedly false insurance claim surrounding damage done to a Nissan GT-R supercar. Jay was charged with six counts; Tracy was charged with one.
An Encino attorney, three chiropractors and a handful of legal aides were arrested Thursday for alleged involvement in a large-scale auto insurance fraud ring involving more than 300 suspects, authorities said Thursday.
Sacramento resident Joseph A. Torrez has been convicted and sentenced on March 4 to 240 days in the Sacramento County Jail, five years probation and ordered to pay more than $26,365 in restitution to State Farm Insurance Co., the California Department of Insurance reported.
By Ed Leefeldt
Conspiracy theorists will hate it, but insurers taking a big bath on fraud claims see it as salvation. It’s called “telematics,” and essentially it is a Global Positioning System or GPS on board your car.
What’s wrong with this? Many cars have these navigation devices to help drivers find their way through traffic [...]
-By Lavonne Kuykendall, Dow Jones Newswires
Questionable insurance claims rose 14% last year, with a jump in claims regarding suspected staged automotive accidents and construction fraud, according to an industry group.
The National Insurance Crime Bureau said it received a total of 85,209 questionable claims in 2009, compared with 74,902 in 2008. Questionable claims are ones [...]
California Drivers Have Saved $62 Billion in 20 Years Under Similar Rules and Have Among Most Competitive Insurance Markets in Nation
WASHINGTON, Dec. 1 /PRNewswire-USNewswire/ — A proposed ballot measure would allow Michigan voters to weigh in on consumer-oriented insurance reforms that have saved California drivers an average of $3 billion per year since being enacted [...]
GEICO Car Donation Helps Law Enforcement Catch Theft in the Act
OAKLAND COUNTY, Mich.–(BUSINESS WIRE)–Catching car thieves sometimes takes more than just patience and persistence – it takes bait. For the Oakland County Sheriff’s Office Auto Theft Task Force in Oakland County, Mich., that bait is a specially-altered vehicle, donated by GEICO, and strategically placed [...]
Sacramento Business Journal - by Kelly Johnson Staff writer
Wednesday, February 4, 2009
Northern California law enforcement officials investigating a rise in auto insurance fraud cases have arrested 28 people since Jan. 28 in a multi-county joint operation.
Participants in the sweep involving alleged auto fraud over the past two months were investigators from the district attorney offices [...]
By Jim Ostroff of Kiplinger
Need more evidence of consumer distress? Auto insurance fraud is up, with consumers resorting to extreme means — torching, drowning or dumping SUVs, pickups and cars — in hopes of getting quick cash from insurance policies.
Once rare, suspect car demolition cases are commandeering investigators, dominating their working hours at state agencies and insurance [...]