New Laws Aim To Prevent Insurance Fraud, Fake Medical ClaimsMinnesota is one of the fastest growing states in the country for insurance fraud, but that could change soon because of tough new laws that go into effect Aug. 1. Last year, the number of staged crashes and fake medical claims in Minnesota rose an alarming 22 percent. That's 3rd in the nation behind Florida and New York.
Uber Drivers, Supporters Rally Against Proposed LegislationMany people watching March Madness games at local bars may use Uber to get home Thursday night. But supporters of the ride-share program say a bill at the Capitol would make working in the Twin Cities impossible. "I love driving Uber," driver Dustin Simko said.
Ride-Hailing Insurance Bill Could Drive Uber From Twin CitiesA popular ride-hailing service could be on its way out of the Twin Cities.
Good Question: Who Actually Needs Flood Insurance?Flooding is so widespread across Minnesota that families from the Canadian border to the Iowa border are trying to dry out. And many homeowners are seeing water seep into their homes and basements.
Driver Record Data Fight Draws In Lawmakers 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.
Minn. Agency Delays Driver Data Shift The Minnesota Department of Public Safety has postponed for two months the elimination of bulk sales of driver's license and vehicle records, an official with the agency said Thursday.
Good Question: How Much Does Insurance Fraud Cost Us?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.
Good Question: Why Do Our Insurance Rates Rise So Quickly?A few years back, Kathy Lesicka’s Monticello home had hail damage and needed the roof replaced. Two months after the repairs, her homeowners’ premium increased by $200. “That was the first time we ever claimed, and we were like, ‘We’ve been with you for 20 years, are you kidding me?’” she said.
Organized Crime Causes Spike In Car Insurance FraudA 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.
Behind Your Flood PolicyIn the land of 10,000 lakes, it's surprising to hear that less than one percent of Minnesotans purchase flood insurance.