An Englewood insurance adjuster has been indicted on charges that she stole more than $36,000 by billing for repairs that were never done. Sheena Clarke, 59, submitted fraudulent claims to four insurance companies from July 2005 to August 2010, saying repairs were done on damaged properties in Paterson, Newark, Irvington and East Orange, although no repairs were actually done, the state Attorney General's Office said Tuesday in a press release.
A judge has awarded nearly $1.4 million in damages to two couples who said they were ripped off by debt adjuster Debt Relief USA Inc. The bench judgment breaks down as: $106,000 in actual damages, $56,875 in attorneys' fees for The Simon Law Firm and $1.2 million in punitive damages.
A judge has awarded nearly $1.2 million in damages to two couples who said they were ripped off by debt adjuster Debt Relief USA Inc. The bench verdict breaks down as: $106,000 in actual damages, $56,875 in attorneys' fees for The Simon Law Firm and $1 million in punitive damages.
In a first-party recovery scheme for automobile property damage, the first-party insurer compensates not-at-fault vehicular damage. In this scheme, adjusters may not have the incentive to assign liability when the driver is, in fact, at fault for the accident. This is due to adjusters not having to coordinate with a third-party adjuster, and, for insureds that carry collision coverage, the assignment of fault does not appreciably affect the compensation paid out. This in turn reduces the effectiveness of the experience-rating component of the insurance premium. Empirical evidence that supports the presence of incorrect fault assignment is provided. A stochastic model of experience rating analyzing the impact of incorrect fault assignment on driving record classes confirms that low-risk ...
Franklin S Horowitz has 20 years of experience as a public adjuster. He started out at the family business, Young Adjustment Co Inc, then left to form his own competing company, Claims International Inc. Currently, he is CEO of Claims International and is attempting to launch a global public adjuster network to handle major catastrophes. He also serves as a consultant to Commerce Insurance Services in the managing of their complex claims. As a public adjuster, Horowitz prepares the customer's physical damages claim, or any business interruption claim, and submits it to the insurance company. Nearly all of his business - about 80% - is devoted to commercial claims, with the rest residential. Horowitz's expertise has come into play on claims involving the Sept 2001 terrorist attacks on th...
A couple years ago, Mark Hunsaker, a Columbia insurance claims adjuster, grew fed up with watching his clients be victimized by uninsured drivers. He said he seemed to be writing out a steady stream of claims for men and women caught in fender-benders with drivers who were often unlicensed, uninsured and suspected of driving while under the influence. He became even more steamed when he would open up the newspaper each day, scan the arrest log and find the charge "failure to show proof of insurance" tacked onto some other reckless driving offense.
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