A Canoga Park man was arraigned Tuesday in Ventura County Superior Court and charged with one count of felony auto insurance fraud.
Jose Herrera, 29, allegedly made a false report to his Ventura-based insurance carrier, Alliance United, stating that his 1997 Jeep had been stolen, according to prosecutor John Vanarelli.
Herrera, who is in custody with bail set at $250,000, allegedly made the false report on Dec. 15.
Vanarelli said Herrera was charged in Ventura County because the insurance company is based in the county.
Herrera is facing up to five years in prison if he is convicted of felony auto insurance fraud, Vanarelli said.
The defendant was arrested Monday at his home in Canoga Park, officials said.
Source
Monday, May 25, 2009
Monday, May 18, 2009
Auto insurance revamp blocked
A lberta's Automobile Insurance Rate Board is looking to revamp how drivers' premiums are calculated in the province, by moving away from an annual industry-wide rate adjustment, which could produce more options and potentially better rates for motorists.
But the proposal has been rejected by the Stelmach government, which maintains the current system is working well.
The province doesn't foresee major reforms and certainly won't make any changes pending an Alberta Court of Appeal ruling, expected shortly, that will determine whether a$4,000 cap on pay-outs for soft-tissue injuries is unconstitutional.
The rate board, which regulates the annual premium changes for basic automobile insurance in Alberta, wants to scrap the "one-size-fits-all" industry-wide adjustment and instead review companies on an individual basis to see whether their rate proposals are appropriate.
The new model would pro-vide more insurance options for drivers, reduce market uncertainty and lower rates over the long term, the board argues, while still allowing the AIRB to ensure companies don't apply exorbitant premium increases.
"You could shop some more so you might be able to find a better rate,"explains Merle Taylor, the rate board's consumer advocate. "I don't think it's in anyone's interest if the (annual rate caps) are the same across all companies."
But the proposal has been rejected by the Stelmach government, which maintains the current system is working well.
The province doesn't foresee major reforms and certainly won't make any changes pending an Alberta Court of Appeal ruling, expected shortly, that will determine whether a$4,000 cap on pay-outs for soft-tissue injuries is unconstitutional.
The rate board, which regulates the annual premium changes for basic automobile insurance in Alberta, wants to scrap the "one-size-fits-all" industry-wide adjustment and instead review companies on an individual basis to see whether their rate proposals are appropriate.
The new model would pro-vide more insurance options for drivers, reduce market uncertainty and lower rates over the long term, the board argues, while still allowing the AIRB to ensure companies don't apply exorbitant premium increases.
"You could shop some more so you might be able to find a better rate,"explains Merle Taylor, the rate board's consumer advocate. "I don't think it's in anyone's interest if the (annual rate caps) are the same across all companies."
Monday, May 11, 2009
Auto-Owners Insurance Group Joins NICB
DES PLAINES, Ill., May 7 /PRNewswire-USNewswire/ -- The National Insurance Crime Bureau (NICB) announced today that the Auto-Owners Insurance Group is the newest addition to NICB's 1,000-plus member companies.
Auto-Owners Insurance Group, headquartered in Lansing, Michigan, is a Fortune 500 company and is the 17th largest property/casualty insurance company in the nation, based on written premium, and the largest insurer domiciled in Michigan. Auto-Owners writes insurance in 25 states and has over $4.4 billion in written premium.
Auto-Owners Insurance Group is one of only seven groups of insurance companies in the United States to receive the highest rating possible, A++ Superior by A.M. Best, which is a nationally recognized rating agency for insurance companies. In 2008, Auto-Owners was rated "Highest in Customer Satisfaction with the Auto Insurance Claims Experience" by J. D. Power and Associates 2008 Auto Claims Satisfaction Study(SM). Auto-Owners has over 4.6 million policies.
"We are very proud to welcome Auto-Owners to the NICB family," said Joe Wehrle, NICB's president and chief executive officer. "NICB represents all of the nation's 30 largest property/casualty insurer companies in the fight against vehicle theft and insurance fraud. We know that our strength lies in numbers. The more companies that we have working with us, the more successful we will be in combating insurance-related crimes."
About the National Insurance Crime Bureau: headquartered in Des Plaines, Ill., the NICB is the nation's leading not-for-profit organization exclusively dedicated to preventing, detecting and defeating insurance fraud and vehicle theft through information analysis, investigations, training, legislative advocacy and public awareness. The NICB is supported by more than 1,000 property and casualty insurance companies and self-insured organizations. NICB member companies wrote nearly $343 billion in insurance premiums in 2008, or more than 82 percent of the nation's property/casualty insurance.
Source
Auto-Owners Insurance Group, headquartered in Lansing, Michigan, is a Fortune 500 company and is the 17th largest property/casualty insurance company in the nation, based on written premium, and the largest insurer domiciled in Michigan. Auto-Owners writes insurance in 25 states and has over $4.4 billion in written premium.
Auto-Owners Insurance Group is one of only seven groups of insurance companies in the United States to receive the highest rating possible, A++ Superior by A.M. Best, which is a nationally recognized rating agency for insurance companies. In 2008, Auto-Owners was rated "Highest in Customer Satisfaction with the Auto Insurance Claims Experience" by J. D. Power and Associates 2008 Auto Claims Satisfaction Study(SM). Auto-Owners has over 4.6 million policies.
"We are very proud to welcome Auto-Owners to the NICB family," said Joe Wehrle, NICB's president and chief executive officer. "NICB represents all of the nation's 30 largest property/casualty insurer companies in the fight against vehicle theft and insurance fraud. We know that our strength lies in numbers. The more companies that we have working with us, the more successful we will be in combating insurance-related crimes."
About the National Insurance Crime Bureau: headquartered in Des Plaines, Ill., the NICB is the nation's leading not-for-profit organization exclusively dedicated to preventing, detecting and defeating insurance fraud and vehicle theft through information analysis, investigations, training, legislative advocacy and public awareness. The NICB is supported by more than 1,000 property and casualty insurance companies and self-insured organizations. NICB member companies wrote nearly $343 billion in insurance premiums in 2008, or more than 82 percent of the nation's property/casualty insurance.
Source
Subscribe to:
Comments (Atom)