Articles for Insurance Claims

"Cannot Force Citizens To Run From Pillar To Post": Bombay HC Slaps ₹1 Lakh Cost On Insurance Company For Circumventing Ombudsman's Order
1 week, 6 days ago

"Cannot Force Citizens To Run From Pillar To Post": Bombay HC Slaps ₹1 Lakh Cost On Insurance Company For Circumventing Ombudsman's Order

Live Law  

The Bombay High Court on Monday, while slapping exemplary costs of Rs 1 lakh on an insurance company, ordered the Insurance Regulatory and Development Authority and the Ministry of Finance to consider coming up with a mechanism to keep a check on insurance companies as to whether they are complying with the orders of the Insurance Ombudsman.A division bench of …

Insurance Pay Ombudsman Officials Lakh Bench Insurance Companies
Superannuation giant Cbus cancels customer's insurance days before his death
1 month ago

Superannuation giant Cbus cancels customer's insurance days before his death

ABC  

Just 18 days before Russell Wayne Hirst died of a cardiac event in November 2021, Cbus cancelled his insurance policy. Government could legislate to force super funds to respond to claims faster Ms Ferrari-Hirst's case comes as Australia's $4 trillion superannuation industry faces a crackdown from corporate watchdog ASIC after damaging allegations about Cbus. Assistant Treasurer Stephen Jones told ABC …

Insurance Death Financial Customer Service Death Benefits Claims Fund
£1.1bn-worth of bogus insurance claims detected last year
2 months, 4 weeks ago

£1.1bn-worth of bogus insurance claims detected last year

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Some £1.1 billion-worth of fraudulent …

Fraud Insurance Fraud Insurers Insurance Claims
Urgent warning issued after surge in 'crash for cash' moped scammers who deliberately plough into cars to make bogus insurance claims
3 months, 3 weeks ago

Urgent warning issued after surge in 'crash for cash' moped scammers who deliberately plough into cars to make bogus insurance claims

Daily Mail  

Scammers on mopeds are deliberately crashing into other vehicles to make bogus insurance claims, law enforcement bodies have warned. Over 4,000 people have been targeted by 'crash for cash' schemes in the past three years, analysis of fraudulent claims received by 21 insurers has shown The Insurance Fraud Bureau and City of London Police's Insurance Fraud Enforcement Department are investigating …

London Insurance Fraud Crash Cash Warning Issued Moped
Consumer Cases Half-Yearly Digest: January To June 2024
5 months ago

Consumer Cases Half-Yearly Digest: January To June 2024

Live Law  

Supreme Court Medical Negligence | Supreme Court Awards Rs 10 Lakh Compensation To Patient Who Developed Hoarseness In Voice After Trainee Gave Anaesthesia Case Title: J. DOUGLAS LUIZ THROUGH LEGAL REPRESENTATIVES VERSUS MANIPAL HOSPITAL | CIVIL APPEAL NO.1700 OF 2024 Citation: 2024 LiveLaw 134 The Supreme Court recently awarded Rs. National Consumer Disputes Redressal Commission Rejection Of A Surveyor's Report …

India Insurance Medical Negligence Bihar West Bengal Title Commercial Purpose
Kentucky awards contract to replace unemployment insurance system that struggled during the pandemic
6 months, 4 weeks ago

Kentucky awards contract to replace unemployment insurance system that struggled during the pandemic

Associated Press  

FRANKFORT, Ky. — Kentucky has awarded a long-awaited contract to replace its decades-old unemployment insurance system, which showed its shortcomings during the COVID-19 pandemic when a record surge of jobless claims resulted in processing backlogs, the state said Friday. Once operational, the upgraded system will provide easier access for Kentuckians filing jobless claims as well as for staff members who …

Unemployment Claims Kentucky State Unemployment Insurance System Beshear
Annual Digest of Consumer Cases 2023: Part-II
11 months, 1 week ago

Annual Digest of Consumer Cases 2023: Part-II

Live Law  

MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION NCDRC & Department Of Consumer Affairs Claims A Disposal Rate Of 188% In The Month Of August, 2023 In an official government notification issued on September 19th, the Ministry of Consumer Affairs, Food & Public Distribution has announced an outstanding achievement in resolving consumer cases by the National Consumer Disputes Redressal Commission. …

India Insurance Consumer Delhi Hyderabad Supreme Court Medical Negligence
Insurers settle more health claims through cashless mode
11 months, 3 weeks ago

Insurers settle more health claims through cashless mode

Deccan Chronicle  

Mumbai: More than half of the health insurance claims received by non-life and standalone health insurers are settled through cashless mode. According to the recently released IRDAI Annual Report 2022-23, around 56 per cent of the total number of health insurance claims settled were through cashless mode, 42 per cent through reimbursement mode while two per cent of the claims …

Health Insurance Claims Crore Cent Settle Mode
What are the types of motor insurance claims and how to claim them?
1 year, 2 months ago

What are the types of motor insurance claims and how to claim them?

Live Mint  

Motor insurance policy is undeniably an indispensable requirement for all vehicle owners in India. While the benefits of having motor insurance are many, navigating coverage and claims is often tricky in this ever-changing insurance landscape, especially amid the regular introduction of new regulations and technological advancements. Let’s discuss the types of motor insurance claims common in India, the related claim …

India Policy Insurance Claims Coverage Process Insured
Did your food spoil during a power outage? You may be able to get reimbursed. Here’s how
1 year, 11 months ago

Did your food spoil during a power outage? You may be able to get reimbursed. Here’s how

LA Times  

A woman restocks a community fridge in Highland Park. However, in many instances, we are NOT responsible for power outages, voltage fluctuations, food loss, or property damage that occur due to forces outside our control, such as earthquakes and weather-related conditions including wind, rain, fog, lightning, or extreme heat.” And San Diego’s : “We will not be liable for failure …

Food Insurance Power Claims File Claim Losses
If You Can't Trust An Insurance Partner For Your Business, This Is For You
1 year, 11 months ago

If You Can't Trust An Insurance Partner For Your Business, This Is For You

The Quint  

We’re all surrounded by uncertainties at all times. Authorized by IRDA to undertake claims consulting assignments of up to ₹10 crores, Optima has a claims adjustment experience of over 2 decades with 10,000 claims having reached fair and prompt resolution through Optima. What sets Optima apart from other insurance consultants is the fact that its core group has over 100 …

Business Insurance Claims Optima
Passenger entitled to claim insurance even if not wearing seat belt
2 years, 3 months ago

Passenger entitled to claim insurance even if not wearing seat belt

Deccan Chronicle  

MUMBAI: The ill-fated Mercedes GLC 220d 4MATIC car that met with an accident killing former Tata Sons chairman Cyrus Mistry and his friend Jahangir Pandol was insured by Future Generali General Insurance Company. Non-compliance of seat belt laws may not result in getting lower compensation from motor accident claims tribunals, chiefs of non-life insurance companies said. While an insurer can …

Accident Seat Belts Insurance Claims Seat Belt
NSW, Queensland floods on track to be among country's worst-ever natural disasters, Climate Council says
2 years, 9 months ago

NSW, Queensland floods on track to be among country's worst-ever natural disasters, Climate Council says

ABC  

The ongoing floods in Queensland and New South Wales are on track to be one of Australia's worst-ever natural disasters. The Brisbane "rain bomb", for instance, dropped more water on the city than typically falls in London over an entire year, and the volume flowing through the Brisbane River far exceeded the 2010-11 floods. The total value of the insurance …

Floods Climate Change Disaster Change Climate Water Rainfall
Crop Insurance Claims at Rs 9,570 Cr for 2020-21 Lower by Over 60% from Previous Year
3 years, 1 month ago

Crop Insurance Claims at Rs 9,570 Cr for 2020-21 Lower by Over 60% from Previous Year

News 18  

There has been more than 60 per cent decline in the crop insurance claims of farmers at Rs 9,570 crore under the Pradhan Mantri Fasal Bima Yojana for the 2020-21 crop year from the previous year as there were no major crop losses, according to official data. Crop insurance claims stood at Rs 27,398 crore in the 2019-20 crop year. …

Insurance Farmers Claims Crop Crore Reported Pmfby
Insurance claims for COVID-19 treatment and deaths in mega cities indicate under-reporting: study
3 years, 4 months ago

Insurance claims for COVID-19 treatment and deaths in mega cities indicate under-reporting: study

The Hindu  

The six mega cities of India — Ahmedabad, Delhi, Chennai, Mumbai, Kolkata, and Bengaluru — together reported a total of 36,688 COVID-19 cases during this July. The total health insurance claims for COVID-19 treatment from non-government schemes in these six cities during the month was 33,241, accounting for as much as 91% of the cases reported. Contending that Insurance Regulatory …

Health India Insurance Deaths Cases Cities Covid
Cybersecurity concerns lead Kentucky to rebid contract
3 years, 5 months ago

Cybersecurity concerns lead Kentucky to rebid contract

Associated Press  

FRANKFORT, Ky. — Concerns about cybersecurity have led the state of Kentucky to extend its search for a company to modernize its pandemic-stressed unemployment insurance system, Gov. “The procurement was out for bid when Kentucky and most other states were targeted by one of the most sophisticated cyberattacks on our unemployment insurance system in history, which meant that significant additional …

Contract Administration Claims Kentucky Republican State Unemployment Insurance
Disney sued by insurer in Hollywood’s latest COVID-19 coverage dispute
3 years, 5 months ago

Disney sued by insurer in Hollywood’s latest COVID-19 coverage dispute

LA Times  

Walt Disney Co. is facing a lawsuit from an insurance company that does not want to pay out coverage for certain delays of film and TV productions caused by the COVID-19 pandemic. In September, the production company behind the Ben Affleck heist thriller “Hypnotic” sued its insurance company over its refusal to extend coverage without excluding losses linked to COVID-19. …

Hollywood Coverage Fund Covid Insurer Insurance Claims Disney Sued
Former Maharashtra Minister Alleges Corruption in Settling Crop Insurance Claims
3 years, 6 months ago

Former Maharashtra Minister Alleges Corruption in Settling Crop Insurance Claims

News 18  

Former Maharashtra agriculture minister Anil Bonde on Tuesday alleged corruption in settling crop insurance claims of farmers under the watch of the Maha Vikas Aghadi government and demanded cancellation of the state’s agreement with crop insurance companies. “When Devendra Fadnavis was chief minister, 85 lakh of the 128 lakh farmers who had purchased crop insurance from companies received Rs 5,795 …

Insurance Maharashtra Crop Crop Insurance Mva Lakh Farmers Crop Insurance Claims
Why your health plan premium is suddenly spiking
4 years ago

Why your health plan premium is suddenly spiking

Live Mint  

CHENNAI : At a time when having a health insurance plan should have been a reason for comfort, Ram Manohar Reddy, an investment professional based out of Hyderabad, was in for a shock instead. Although the Insurance Regulatory and Development Authority of India doesn’t publish data on lapsation in health insurance, steep premium hikes on renewal do put policyholders at …

Health India Insurance Inflation Indian Health Insurance Claims
The insurance regulator’s 70’s mindset is not serving the purpose in 2020
4 years, 1 month ago

The insurance regulator’s 70’s mindset is not serving the purpose in 2020

Live Mint  

It is almost as if you can see the conflict: there is the desire to do the right thing by the customer, but the DNA of an institution that does not believe in consumer rights comes in the way. The insurance regulator is torn with this dichotomy, of watching its capital market counterpart take giant strides in investor protection and …

Policy Insurance Claims Cover Firms Regulator Irdai
Need to slice health insurance claims data for more clarity
4 years, 2 months ago

Need to slice health insurance claims data for more clarity

Live Mint  

The moment of truth for a health insurance product is when a policyholder raises a claim. Mint SecureNow Mediclaim Ratings, too, looks at claims data available in the public domain when rating health insurance plans. Segregation of claims At the very basic level, claims data that sits in public disclosure documents reported by insurance companies needs to be segregated into …

Health Retail Data Health Insurance Room Group Higher
What makes health policies top-notch
4 years, 3 months ago

What makes health policies top-notch

Live Mint  

The eighth annual edition of Mint SecureNow Mediclaim Ratings comes at a time when covid-19 woke up many households to the need of having health insurance. The sum insured categories are ₹5 lakh, ₹10 lakh, ₹20 lakh and ₹50 lakh and the age groups 30, 45, 60 and 75 years. For the individual category, we rated health insurance plans for …

Health India Age Health Insurance Rated Lakh Policies