APA NEWS PORTAL
If you have an idea for a story, please e-mail us at info@apassociation.org.
FBI Raids Allstate in Quake Probe
Federal investigators armed with search warrants have descended on Allstate Insurance Co. offices in three states, including its Northbrook headquarters, in a criminal probe related to the 1994 California earthquake, the company confirmed Monday. (via Chicago Tribune)
Groundbreaking article published by carrier group about APA impact
Insurers, policyholders must unite against doctored storm claims.
State Farm Ducks Racketeering Trial With $250 Million Accord
State Farm agreed to pay $250 million on the brink of a trial to customers who claimed the company tried to rig the Illinois justice system to wipe out a $1 billion jury verdict from 19 years ago.
Insurance Claim Delays Deliver Massive Profits To Industry By Shorting Customers
Unlike many other businesses, the insurance industry is bound by law to act in good faith with its customers. Because of their protective role in the lives of ordinary citizens, insurers have long operated as semi-public trusts. But since the mid-1990s, a new profit-hungry model, combined with weak regulation, has upended that ancient social contract. (Via HuffPost)
Guilty Pleas to Falsifying Reports on Hurricane Sandy Damage
A Long Island engineering company and one of its former executives pleaded guilty on Tuesday to charges that they had deliberately falsified engineering reports of homes battered by Hurricane Sandy in 2012. (Via New York Times)
BECOME AN ASSOCIATE MEMBER
Become an associate member of the APA by filling out your details here.
Please note associate membership is just for Policyholders, Non-profits, Consumer Groups, Regulatory and Law-enforcement agencies.
If you are an Attorney, Public Insurance Adjustor or Restoration Contractor – please sign up for a Professional Membership or apply to be a Board Advisor.