APA NEWS PORTAL
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APA Fraud Fighter Quarterly | Winter 2021
Read about the latest APA news and developments in our Winter 2021 Newsletter
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) [...]
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