Sunday, January 15, 2006

Insurance Australia Shares Rise Amid Speculation QBE May Bid (Bloomberg.com)


Insurance Australia Shares Rise Amid Speculation QBE May Bid (Bloomberg.com)
Jan. 13 (Bloomberg) -- Shares in Insurance Australia Group Ltd., the nation's largest home and auto insurer, rose to their highest in five months amid speculation QBE Insurance Group Ltd. may make a takeover offer.

BurlCo sees 100 percent increase in insurance fraud cases (Courier-Post)
A man who used a fraudulent insurance card to buy controlled drugs in Burlington County ended up in state prison for theft. Another man set fire to his car on the New Jersey Turnpike, the reported it stolen so he could collect insurance money. He landed in criminal court on arson charges.

N.Y.'s $5M in Grants to Combat Auto Theft, Insurance Fraud (Insurance Journal)
The New York State Division of Criminal Justice Services has awarded more than $5 million to 29 law enforcement agencies in 16 counties throughout the state to support local programs to combat motor v

State adds funding for insurance fraud (phillyburbs.com)
The Burlington County Prosecutor's Office is slated to receive a boost in state funding this year to continue its crackdown on insurance fraud.

Making sure customer "walks out the door happy" (Denver Post)
The toughest part of managing an Enterprise Rent-a-Car outlet, according to Drew Crocker, is dealing with cranky customers who come in to pick up an insurance replacement vehicle because they recently got in a car accident.

Mass. Agents' Body Found in Garage (Insurance Journal)
An insurance agent, described by neighbors as friendly and generous, was fatally shot in the head when he parked his car next to his Newton office last Friday morning, authorities said. Edward Schi

New option makes car insurance affordable for low-income drivers (KESQ)
Car insurance isn't affordable for many drivers, with rates on the rise. Now there's a new option for low income drivers here in the valley. Here in California, one out of every four drivers doesn't have car insurance. Many simply can't afford it. And those who can say rates are still too expensive.

Burlco fraud unit gets boost (Courier-Post)
A Mount Laurel drug addict who posed as a doctor and called in painkiller prescriptions for himself ended up in state prison for insurance fraud. An out-of-state driver who set fire to his car on the New Jersey Turnpike and reported it stolen to collect insurance money landed in criminal court.

Insurance key when driving foreign roads (The Arizona Republic)
I had been driving all day, and now it was dark. I had rented a car in Phoenix and was heading across the Arizona border to Kino Bay on the Gulf of California in Sonora.

State Lawmakers Consider Car Insurance Changes (The Denver Channel)
DENVER -- Nearly three years after the state abandoned no-fault auto insurance, hospitals complain they're not getting paid to treat accident victims and consumers have to do some checking to make sure they've got enough coverage.

Welcome to Business Insurance (Business Insurance)
An increasing number of midsized employers say that they save at least $1 in productivity costs for every dollar saved in claims, according to a survey by Wausau Insurance Cos.

DRUNK MUM CRASHES CAR WITH 7 KIDS (Daily Mirror)
A DRUNK mum crashed a car carrying seven children after downing a pint of wine at a party. Victoria Jefferson, who had no licence or insurance, took her sisters' car without permission.

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