DALLAS - For years Frenchitt Collins worked as a legitimate insurance adjustor. He was able to pull off a major insurance fraud by luring in victims with ads. Ultimately Collins was sentenced to 15 years in prison and was ordered to pay $700,000 in restitution to his victims. "Those P.O. boxes were rented by him (Collins), his wife, his brothers, or his girlfriends," said Bodon. In order to attract clients with ads, he would go ahead and offer them $100 or $200 to use their identifiers. Once that information was received, Collins went ahead and completed medical forms necessary and sent them to insurance companies. The goal of these ads was to lure in more victims. Insurance companies would then send Collins checks, lots of checks. Federal officials said insurance fraud is a $30 billion business in the U.S. "It is very lucrative for the criminal to perpetrate the crime because it's low risk and it's high reward and they know that," said Fred Lohmann of the National Insurance Crime Burea.

Stay Focused on Home Purchases THUNDER BAY - MONEY - The housing market is hot, in part to low interest rates and home prices that were low for many years. Given that the purchase of a home is typically the largest purchase one will make in their life, jumping into the market and competing against other aggressive bids can be intimidating. The last thing anyone would want when buying a home or property is to have regrets afterwards, especially for those first time home buyers. Here are some tips to consider for first time home buyers. Make sure to get Pre-Approved It would seem like it's a given, but many first time home buyers will assume they'll know how much they can spend on their home based on online mortgage calculators. It's important to setup a meeting with your bank or mortgage specialist, since they can provide information to you on what price range you should be looking in, and specifics to consider like property taxes, and other monthly expenses you'll want to factor in. Consider Renting for the Short-Term Despite all the good that comes in owning a house, such as building home equity, it's important to ask yourself how long you plan on staying in that house. If your long term plan is still not known because of your job, or personal situation, it may be better to rent in the short term. Buyers need to realize all of the expenses renters don't need to worry about like property taxes, and home owners insurance. This also isn't considering any unforeseen maintenance costs that could arise. Skipping the Home Inspection Many new home buyers may try to cut costs and skip out on a home inspection.

You're probably something of an expert in your own field-and that field probably isn't insurance or annuities. How, then, can you work through the minefield of clauses, guarantees, and pages of small print? Here are nine ways to start. While you may feel uncomfortable doing this, you're the one putting down thousands of dollars, and you have every right demand this. Remember: caveat emptor! It's the buyer who must beware; you must protect yourself. Ultimately, the language in the annuity contract is what matters, but it doesn't hurt to memorialize your verbal agreement with the agent in writing. Hopefully your agent is totally honest and will help write the agreement, and both parties can sign and date it. If the agent starts to waffle, trust your instincts.

Dyman Associates Insurance Group of Companies News: Rika onsdagar - Försäkring tips att komma ihåg Har du valt rätt försäkring för dig själv? Sarju Simaria, CFO, Edelweiss Tokio livförsäkring ger dig några punkter att tänka Försäkring är föremålet för värvning. Detta innebär att du som kund göra ett erbjudande som, i stället för en premieinbetalning, livförsäkring företaget skall vid förekomst av ett försäkringsfall (dödsfall, invaliditet eller en olycka) kopplad till ditt liv, säkra de ekonomiska behoven för din familj genom att betala dem försäkrade beloppet. Uppkomsten av någon av de ovan nämnda missöden är det viktigt att du vet hur man gör bäst av din livförsäkring. För detta behöver du: Förstå dina behov och få rätt råd Osäkerheten i liv, död, sjukdom och ålderdom stöd får inte lämnas obevakad eller avslöjats. Ekonomisk säkerhet och trygghet är okränkbart enligt situationen - oväntade nödsituationer, död eller levande för länge. Därför är det nödvändigt att du erkänna riskerna i ditt liv och vidta lämpliga åtgärder. Efter att ha erkänt riskerna, spendera tid förstå dina behov. För att göra detta, göra en bedömning av din inkomst flöde, din förbrukning, dina nuvarande och framtida förpliktelser vis-à-vis din livsstil. När det är gjort, konsultera en försäkring rådgivare, en person som du kan lita på och som kan erbjuda dig ärliga råd. Vara ärlig med din försäkring rådgivare Vara ärlig med din försäkring rådgivare om dina risker, dina behov, din ekonomiska bedömning och dina ambitioner. Utvärdera produktalternativ och funktioner, och att dina behov är uppfyllda från hans / hennes propositioner. Få full förståels

On May 28 of this year, Philadelphia District Attorney R. Seth Williams charged a South Philadelphia auto body shop owner named Ronald Galati, Sr. and a group of 40 co-conspirators in a nearly $5 million insurance fraud scheme. These charges were the result of a 16-month Grand Jury investigation of American Collision and Auto Center at 1930 S. 20th St. According to prosecutors, Galati would stage single-vehicle accidents because insurance companies consider them "no-fault" and routinely pay the claims without raising the car owners' premiums. According to Grand Jury witnesses, Galati would say, "I live my life to cheat insurance companies." Among those arrested were a former Philadelphia police officer, Douglas DiEmidio, and a mechanic with the city's Office of Fleet Management, Robert Otterson.