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Monthly Archives: October 2011

A Florida County To Address Auto Insurance Fraud

A Florida County To Address Auto Insurance Fraud

 Monday’s Post 10/31/11 –  A Florida county has submitted its own ordinance to discuss the outlandish number of scams perpetrated by fraudulent medical clinics.  Hillsborough County State lawmakers’ have promised to discuss the insurance fraud issue and revise the state’s automobile no-fault laws. The debate  is over PIP (Personal Injury Protection) and the fraud  within medical centers in Hillsborough Country. Through an unanimous vote, the Hillsborough Country Board of Commissioners passed sets of revised decrees that mandate medical clinics which primarily treat victims of a car accidents and earn most of their income through auto PIP insurance claims.  These clinics must acquire a new county license. Kevin Beckner, and County Commissioner, said that the new ordinance is essential to cut fraud which cost residents up to $350 each in higher auto insurance premiums. According to a National Insurance Crime Bureau report, residents of Hillsborough County pay nearly $16 million higher in car insurance premiums because of medical clinic fraud. As a result, Hillsborough’s local economy has been greatly affected.  Florida ranks number one in fake accidents, according to the NICB (National Insurance Crime Bureau).  From 2008 to 2009, the number of such “staged” accidents in Florida has increased by nearly 170%.  The number of medical and pain clinics that chiefly treat Personal Injury Protection (PIP) patients has increased dramatically. There are  160 such clinics in Hillsborough Country alone; as compared to over 70 in Pinellas Country, 22 in Pasco County, 20 in Manatee County and 17 in Polk County.

Commissioner Beckner who proposed the law says that the new ordinance aims to shut down fraudulent clinics and simultaneously protect the medical clinics which are performing legitimate medical care. Technically, a PIP medical provider is a person, clinic, or other business whose PIP clients account 90% of its gross income or bills insurers more than $200,000 in PIP claims annually.  Due to the new ordinance, these clinics are required to be open for business at least three times weekly from 9:00AM to 5:00PM and can accommodate walk-in patients or provide patients with appointment options for services, therapy and other treatment.  A licensed physician must be physically present at least three days weekly for four hours a day.  Each physician is restricted to run more than five PIP medical provider clinics. A license application costs $500 which is non-refundable and an annual payment of $1500.

Violators of the new ordinance are to be fined $500 and a maximum of 60 days imprisonment. In the same sense, a physician whose license has been cancelled will not be permitted to operate another clinic for five years. Critics exclaimed that the new law is overreaching since it dictates a physician’s working hours and inhibited limits on their income sources.

-Mike

Michael E. Dortch
President &  Managing Agent
InsureDirect.com
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania  19446
(800) 807-0762  ext. 602

Alfa Insurance Company Introduces Car Insurance

Alfa Insurance Company Introduces Car Insurance

Sunday’s Post 10/30/11 –  Residents of Alabama who have homeowners insurance with Alfa Insurance Company can now enjoy a multi-policy discount with their new auto insurance coverage just introduced by the insurance carrier. Just recently, Alfa Insurance Co. publicized that it will no longer countersign and underwrite a mono-line homeowner policies in Alabama. According to the company, this will only provide… Continue Reading

New York Motorist Blinded By Sun Can Be Held Liable In An Accident

New York Motorist Blinded By Sun Can Be Held Liable In An Accident

Saturday’s Post 10/29/11 –  A New York Court came up with a decision regarding a driver from Syracuse who killed a pedestrian while being glared by sun’s rays cannot appeal for an “emergency doctrine”.  In the decision released by New York State Supreme Court of Appeals last October 13, 2011, an attentive driver would be mindful that the… Continue Reading

Travelers Launches IntelliDrive Mileage-Based Auto Insurance

Travelers Launches IntelliDrive Mileage-Based Auto Insurance

Friday’s Post 10/28/11 –  Travelers Insurance Company has introduced a money-saving program for its auto insurance policy holders. IntelliDrive, is a mileage- based auto insurance product. This was primarily launched to help low- mileage drivers cut annual vehicle expenses starting with a reasonable price cut of up to five percent immediately upon enrollment. Moreover with an increase in mileage, more cut offs in… Continue Reading

United Valley Marketing Insurance Programs for AARP Through The Hartford

United Valley Marketing Insurance Programs for AARP Through The Hartford

Thursday’s Post  10/27/11 –   AARP, which stands for American Association of Retired Persons, is a United States-based non-governmental organization and interest group which caters the wide range of needs its members, usually those in their fifties. To better protect the interests of the older citizens in our society, The Hartford Financial Service Group, Inc. made its AARP-branded auto insurance program available through… Continue Reading

U.S. Government to Repay States for losses from Hurricane Irene

U.S. Government to Repay States for losses from Hurricane Irene

Wednesday’s Post 10/26/11 –  Recently, one of the greatest tragedies to ever occur in the U.S. was when Hurricane Irene struck land. Irene will possibly cost U.S. state and local governments billions of dollars in damages, but funds from the national government might ultimately cover much of this expense. It may be too early to estimate the entire cost… Continue Reading

Rates Rising, But Florida Home Insurers Report Still Losing Money

Rates Rising, But Florida Home Insurers Report Still Losing Money

Tuesday’s Post  10/25/11 –  Many Florida homeowners expected relief from the higher property insurance bills that followed the busy 2004 and 2005 hurricane seasons. But more than 4 million homeowners are about to get hit by rate hikes and disappearing coverage. State regulators have approved $718 million in rate increases.  The insurance industry and its… Continue Reading

A.M. best relegates ILM Group’s rating

A.M. best relegates ILM Group’s rating

Monday’s Post 10/24/11 –  As a worldwide insurance-rating and information agency surfacing for more than hundred years of existence, A.M. Best Company is a full-service credit rating organization steadfast in giving reliable statistics in insurance industry. People who have bought insurance policies refer to company’s ratings and strategic analysis in assessing strength and creditworthiness of… Continue Reading

Drinking & Driving Increases Auto Insurance Costs

Drinking & Driving Increases Auto Insurance Costs

Sunday’s Post 10/23/11 –  Drinking alone may not seem that heavy in one’s pocket, especially if it is done during special occasions or even in unplanned gatherings. Yet accumulating medical expenditures as well as other costs to society, each drink may cost about $2, says a recent federal research released some months ago. Beyond the money spent… Continue Reading

OneBeacon Car Insurance sells AutoOne

OneBeacon Car Insurance sells AutoOne

AutoOne Auto Insurance Company, being one of the most established commercial automobile assigned risk services in  Arizona, California and Colorado, will now change ownership. Employees of the company are now waiting for the sale to be completed which includes a number of changes in the company like reducing the size of the business. The company  headquartered… Continue Reading