A preacher, an award-winning hotelier and a retired fridge engineer who was also the frontman of a rock n' roll band were among those who tried to con their insurers into paying out money, new figures show. The Association of British Insurers today revealed that 469,000 fraudulent and dishonest claims were detected by insurers in 2018. A total of £1.2billion was claimed in 98,000 fraudulent applications, while 371,000 dishonest applications for insurance payouts were made last year, up five per cent on 2017. Cash for crash: 55,000 dishonest motor insurance claims worth £629million were found ou tby insurers last year, according to the ABI. One gang involved a £1.2million fake car crash scam were jailed for a combined 33 years Some 16 people made the news headlines with a crash-for-cash gang that conned £1.2million out of insurers and earned them a combined 33 years in prison, with the ringleader receiving a six year sentence. In another high-profile case, a … [Read more...] about 469,000 fake insurance claims were caught last year says ABI
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Tanza Loudenback, provided by Published 9:07 am CDT, Wednesday, July 10, 2019 AP Photo/Nati Harnik How much life insurance costs depends how much coverage you want, the type of policy you get, and how much risk you pose. Life insurance companies independently decide how much risk you pose, considering factors like age, health history, a medical exam, and what you do for work. Smoking is considered one of the biggest risk factors across the board. Nicotine users can pay two to three times more for a premium than the average person. Term life insurance is typically the cheapest type of policy because it lasts for a fixed period of time. According to Policygenius, a 30-year-old male with "preferred health" can expect to pay a monthly premium of $23 for a $250,000 30-year term life policy, while a woman in the same situation would pay an average of $19. At a certain point, you may consider buying life insurance to protect your family's future. Insurance-comparison … [Read more...] about How much you pay for life insurance depends on 3 major factors
By Jonathan Lansner | [email protected] | Orange County Register PUBLISHED: February 8, 2019 at 7:00 am | UPDATED: February 8, 2019 at 7:00 am Bill Gross, Portfolio Manager of the Global Unconstrained Bond and Total Return strategies at Janus Henderson Investors, at his office in Newport Beach, CA on Wednesday, October 31, 2018. Gross, the co-founder of Pimco and now with Janus Henderson Investors, is retiring. ”It’s been almost a half a century of watching screens and waking up in the middle of the night to check Asia and Europe,” Gross said in a Bloomberg Television interview Monday. “I’’ve got a few Super Bowl rings and it’s time now to enjoy myself and my family.” (Photo by Paul Bersebach, Orange County Register/SCNG) Pimco in Newport Beach has chosen Austin, Texas, for a new office as the firm seeks to recruit tech talent and broaden marketing in the U.S.(File photo) SoundThe gallery will resume insecondsEighth is Pimco … [Read more...] about Bill Gross: Is the Newport Beach billionaire bond trader’s legacy tarnished?
Azerbaijani investors eye Vietnamese marketAzerbaijani investors with strong financial capacity and professional performance are keen on landing investments in Vietnam, has said Anar Imanov, Azerbaijani Ambassador to Vietnam.In his remarks at a recent workshop themed “Meet Azerbaijan” in Hanoi, the Azerbaijani Ambassador highlighted Azerbaijani enterprises' advantage of plentiful capital and practical experience in implementing projects in Europe, adding that many are seeking investment opportunities in Vietnam.As one of the world’s leading crucial oil and gas producers and suppliers, Azerbaijan also has great potential to boost its bilateral cooperation with Vietnam in three key fields, including tourism, logistics, and agriculture. The diplomat cited a FAM tour jointly held by the Azerbaijan Embassy in Vietnam and Qatar Airways last year as a big effort to bolster tourism cooperation between the two countries.The FAM tour provided many Vietnamese tourism … [Read more...] about BUSINESS NEWS IN BRIEF 15/1
A Co Londonderry farmer who is learning to walk again after being overcome by slurry fumes has spoken of his shock of learning he had no provision for personal injury cover on his farm insurance. Part time farmer George Haslett (44) has been in hospital since the near fatal accident on his Claudy farm on 16th June 2018. He was overcome with fumes while mixing slurry. George was rescued by his father and neighbouring farmers after the alert was raised by 13-year-old Timothy Lynch who had been helping with lambs on the farm that day.George is urging other farmers throughout the province to ensure they have the correct insurance cover in place and not fall into the trap of thinking that ‘it will never happen to me.’Despite his life changing ordeal, George says he feels very fortunate as things could have turned out much worse for him.The slurry gas has left him with a brain injury and he is currently in a wheelchair but hopes some day to be able to walk again. After his … [Read more...] about ‘I was on a high but life can change in a blink’