A guide to the laws of California Auto Insurance
Every state in the United States have different laws relating to minimum car insurance and needs. The Department of Motor Vehicles (DMV) and the Public Utilities Commission to establish requirements for car insurance in California. These requirements are mandated by law and are required to obtain registration of the vehicle within the state. If you do not follow auto insurance laws, you run the risk of having your license suspended, possession of vehicles, heavy fines and criminal charges. That is, if you do not get in an accident. If you get in an accident and do not meet the requirements, you may face extreme financial burden and kept the total cost of the accident.
In the state of California, private passenger vehicles are required to have minimum liability insurance as described in the California Insurance Code (§ 11580.1b). The minimum requirements are:
* $ 15,000 for injury / death to one person.
* $ 30,000 for injury / death to more than one person.
* $ 5,000 for property damage. Read the rest of this entry »
Does the Auto Accident Insurance Fraud cost money?
High insurance costs that affect all units. Each auto insurance policyholder premium dollar goes to the compensation paid by companies, and when the losses of support, premium costs are increasing rapidly. While legitimate claims cost insurance companies (and by extension, all insured) money, the costs are the reasons why insurance companies exist. However, all insurance companies are affected by the losses that are not legitimate. Insiders insurance insurers estimate that Canadians pay at least $ 500 million for fraud in the past year. That cost is ultimately paid by policyholders through increased premiums.
In a recent paper, Grant Robertson and Tara Perkins (see bottom of this article for the link) discussing personal injury insurance fraud and how industry has been involved in recent years. According to the article, personal accident insurance scams are increasing rapidly in Canada because of a concentrated effort by the U.S. authorities to curb fraudulent claims in that country. Sure press releases from the industry continue to note that fraud remains a major concern for insurers States. The article by Robertson and Perkins explains the complexities of the scam and that is obvious to the reader why fraud is so difficult to eradicate.
If Robertson and Perkins are correct, there seems little risk of people involved in insurance fraud. When you look at the number of times the fraud was committed and how many people are finally processed, it is clear that the risk of getting caught is minimal, while the financial benefits can be substantial. The lack of risk appears to be especially true for health care providers involved and the potential benefit is enormous, as it has always for services that were never delivered. Read the rest of this entry »
Tags: health care providers, insurance fraud, insurance scams, personal accident insurance, personal injury insurance