Common types of insurance fraud

June 23, 2009
1 Star2 Stars3 Stars4 Stars5 Stars
(2 votes, average: 4.5 out of 5)
Loading ... Loading ...

Insurance fraud is said to happen when individuals mislead an insurance company in order to get money for which they are not entitled to. It is considered to be as a serious crime. The most interesting feature in relation to insurance fraud is that many people think that they can rightfully commit the crime as they’ve paid high premium for years.

Types of insurance fraud

The common types of insurance fraud are discussed in the following lines.

•  Health insurance fraud – A number of people take advantage of health insurance by complaining about certain diseases that are difficult to diagnose. By doing this, they claim disability insurance benefits so that they don’t…

Posted by: Admin |
Filed Under: Insurance Fraud

How To Lower Your Cost of Health Insurance

June 23, 2009
1 Star2 Stars3 Stars4 Stars5 Stars
(1 votes, average: 4 out of 5)
Loading ... Loading ...

You might be wondering why the cost of health insurance is going up and how to control it. Of course, the government should step in so that the rate of rise in health insurance costs does not surpass the rate of inflation. Fortunately, there are a number of steps that you can follow to reduce your cost of health insurance:

Step 1: If you insure your children under the state health insurance plans, then you can successfully lower your health insurance costs. Nevertheless, everyone does not qualify for the state health insurance plans. These plans are either completely free of cost or ask for a nominal fee. Therefore, find out whether…

Posted by: Admin |
Filed Under: Health Insurance

Changes in auto insurance rate not uniform in different states

June 23, 2009
1 Star2 Stars3 Stars4 Stars5 Stars
(1 votes, average: 4 out of 5)
Loading ... Loading ...

Recession has caused auto insurance rates to differ from one state to another. So far in the current year the median rate hike has been recorded as 2.4%. This is evident from the changes in rate filed by approximately 24 companies in the auto insurance industry. There is yet another reason for increase in the insurance rates in Georgia as well as the other states. This can be attributed to the anomalous behavior of the financial markets spurred by subprime mortgage crisis and other natural calamities like hurricanes etc.

According to John Oxedine, the Insurance Commissioner of Georgia , changes in auto insurance rates as well as homeowners’ insurance rates in…

Posted by: Admin |
Filed Under: Auto Insurance

Insurance Professionals: Is Good Writing Skill Necessary

June 23, 2009
1 Star2 Stars3 Stars4 Stars5 Stars
(1 votes, average: 4 out of 5)
Loading ... Loading ...

Is good writing skill a necessity for the insurance professionals? This is an important query. For the majority of insurance professionals, good writing skill is an essential requirement. It has to be so since as an insurance professional, you are not simply establishing a shop on the roadside corner. You are not simply calling the onlookers to buy your insurance policies. It is a fact that you are marketing or promoting a product, however, the product for which promotion is being carried out comes with plenty of wordings, particularly prior to the sale is made.

How can insurance professionals obtain the language to promote their products? Billboards, websites, telephone directories and…

Posted by: Admin |
Filed Under: Insurance Professionals