Archive | August, 2013

On-The-Job Drivers: Higher Chance of Death if Over 55

man driving a car

With the economy as crazy as it’s been over the last decade, it’s no surprise to hear that people are working after the age of retirement. Sometimes, retirement just isn’t possible if you don’t have enough money in the bank to survive without a monthly paycheck.

And this is fine, apparently, if you’re only driving paperwork around a desk. If you’re physically out on the road for work, and over 55, you could be “retiring” in a way you never imagined. Continue Reading →

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Riverside’s Silver Fire Victims Targeted by Scams

The aftermath of the Silver Fire

The aftermath of the Silver Fire

Having your home or business destroyed in a fire is a devastating experience. And what’s worse is that some unscrupulous people out there are happy to profit off other people’s misery.

It’s hard to believe, but there are a number of individuals that prey on victims of natural disasters. And sadly, it can be easy to do, since the victims are in a state of confusion and possibly depression, and probably not found themselves in this situation before. So who should they believe?

Luckily for the victims of the recent Silver Fire in Riverside County, California, there’s help to be had. Insurance Commissioner Dave Jones has sent both fraud detectives and members of the Investigation Division’s Disaster and Recovery Team (DART) to the area. These individuals will help educate residents about the potential for scams after a natural disaster like a wildfire. Continue Reading →

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Take a Ride on the (Less) Wild Side: Three-Wheeled Motorcycles

Even Harley Davidson makes the Trike.

Even Harley Davidson makes the Trike.

When checked some time ago, the insurance actuaries put a number on the likelihood of a motorcycle injury if you rode a cycle for two years. The sobering number was 95 percent! To the rational mind, i.e. one concerned with living a full life with all limbs and head attached, two-wheeled transportation was scratched from your list, opting for more conventional four-wheeled transportation. Safety aside, paying the insurance premium alone put a big hole in your bank account. Continue Reading →

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Why Is Insurance Fraud Increasing?

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Did you know that insurance companies paid out over $13 BILLION in auto fraud insurance claims—just in 2011? And if you’re wondering why your premiums go up, this is part of the problem.

And the forecast doesn’t look like we’re in for smooth sailing in the future either: The National Insurance Crime Bureau (NICB) reports that suspect claims continue to increase each year. Between the years of 2008 and 2012, these claims increased by 56 percent. Continue Reading →

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