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Archive for November, 2007
A number of credit card companies present rental car insurance
By James Tam on November 22nd, 2007
A number of credit card companies present rental car insurance if you use their card to pay for the rental. American Express automatically provides a Car Rental Loss and Damage Insurance Plan, which takes care of expenses not covered by other insurance plans such as personal auto and homeowner’s policies. If you have no idea what coverage you have, contact your agent for details. If you want to have American Express’s Premium Car Rental Protection, you have to make payment of either $19.95 or $24.95 per rental. Coverage is provided any where in the world except vehicles rented in Australia, Ireland, Israel, Italy, Jamaica, and New Zealand, before taking a decision on whether to accept or reject the rental policy, you should talk to the rental company and ask what insurance they are offering.
Read: boston.com
Man Got Imprisonment against False Insurance Claim
By James Tam on November 21st, 2007
According to the state Office of the Attorney General, Frank M. Petrelli, 26, of Colonial Court, pleaded guilty in state Superior Court in Hudson County to Petrelli confessed and told the whole story, In 2004 he planned to play a game, gave his car to someone else so that people think that the car has been stolen, then he reported that he parked his Audi (1998 Model) in Hoboken and now it is missing. According to the plan Petrelli filed a false auto theft claim to the New Jersey Manufacturers Insurance Co and he was paid $13,101 against the claim. John Jay Smith, deputy chief prosecutor with the state Office of Insurance Fraud Prosecutors said that the car was found abandoned about a week later in East Orange. Company spokesman Patrick Breslin said “The bottom line is that any fraud is an ultimate cost for the honest policy holders, our company takes that very seriously. Every case matters and sends a message to the perpetrators.”
Read: northjersey.com
The Murugappa Group is planning to get into life insurance business
By James Tam on November 19th, 2007
The Murugappa Group is now planning to get into life insurance business; its sources said that this group got inspired from its great sucess in general insurance business so after gaining big profits in general insurance, Murugappa thought why not start life insurance as well. Sources also said the Murugappa Group would go in far a partnership with Mitsui Sumitomo for the life business enterprise as well, The Japanese company was also wanted to join with the Murugappa Group in the proposed life insurance venture. Mitsui Sumitomo is the second largest insurance Group in Japan with a net written premium of $12.46 billion in 2006. it is said that Murugappa Group was looking for a three-way partnership for its proposed life insurance business.
Read: hindu.com
Two Niagara Falls men got Arrested: Charged With Insurance Fraud
By James Tam on November 15th, 2007
Two Niagara Falls men Jack Easterly, 49, of 194 61st St., and Kenneth Zortman, 48, of 4536 Liberty Drive got arrested Niagara Falls police charged with insurance fraud. The charges were filed when Easterly collecting lost wage benefits after claiming that he was not able to work following. But the investigating team claimed that this fraud man was found in the video working at many construction places after the traffic accident event took place and one important thing is Easerly was watched working with Zortman. According to Police Authority Zortman submitted a fake wage verification report to Progressive, so that his partner ‘Easterly’ could get benefits. Niagara County Assistant District Attorney Charles Pitarresi is prosecutor of this case.
Read: bizjournals.com
Progressive Group of Insurance Companies
By James Tam on November 14th, 2007
The Progressive Group of Insurance Companies is the country’s third largest auto insurance group and largest seller of motorcycle and personal watercraft policies based on premiums written. Progressive is customer’s first preference for auto insurance, it provides competitive products and rates that meet drivers’ needs throughout their lifetimes, superior online and in-person customer service, and best-in-class and it also provides all the time claim service. A large number of independent agencies sell Progressive products containing private passenger auto, Progressive Commercial, Progressive Motorcycle, Progressive RV and many more. Jim Lloyd, Progressive’s agency distribution leader said “It’s plain and simple – we want to drive customers to our agents’ doors so that we can grow together for many years to come.”
Read: theautochannel.com
