Insurance Federation of Minnesota
Minnesota state lawmakers are trying to slow down a plan from the Department of Public Safety that would restrict public access to driver’s license data, including the bulk sale of data to insurance companies and car dealers. DPS officials say they made the change after thousands of snooping incidents into personal driver’s license records. But insurance industry executives, and Insurance Federation of Minnesota Vice President Mark Kulda, say it could add money to your insurance bill.
Move over, Florida. New numbers show that Minnesota could finish first when it comes to disaster insurance claims. Last year, Minnesota generated nearly $800 million in claims, and that’s only through the third quarter. If you’re wondering why your premium is going through the roof, you can blame what’s falling on your roof. Hail from storms on Aug. 6 damaged roofs, windows and siding all over the south metro.
More than 100 former New York City workers – including police officers and firefighters – were charged Tuesday with defrauding the disability system. Some are accused of fishing or doing karate after saying they were too injured or too depressed to work. Prosecutors say the alleged scams cost the federal government about $400 million. Every year, Americans pay $1.1 trillion in private insurance premiums, but a big chunk of that money goes to pay out false insurance claims.
MINNEAPOLIS (WCCO) – Lightning fires seem rare. But are they? The Insurance Federation of Minnesota says around 2,100 insured homeowners in the state are struck by lightning. Minnesota ranks 20th in lightning strikes. Georgia is […]
A sophisticated routine is taking money directly from our wallets. Mark Kulda of the Insurance Federation of Minnesota says anyone involved in even a slight car accident could be at risk.
It’s the suspected culprit in fires that torched a Minneapolis church, a $1 million home in Hudson, Wis., and several other metro homes over the weekend — 30 million volts of electricity shooting through the sky.
In the land of 10,000 lakes, it’s surprising to hear that less than one percent of Minnesotans purchase flood insurance.
During Insurance Fraud Awareness Week, the Insurance Federation of Minnesota is encouraging everyone to report suspected insurance fraud.
Insurance companies in Minnesota are calling this year catastrophic.