INSURANCE

Family faces charges for alleged postal scheme

HAMPTON, Va. – A man, his girlfriend and his girlfriend’s two brothers are facing charges accused of being involved in a mail fraud scheme.

Federal prosecutors claim they would file false insurance claims with the United States Postal Service for items they claimed were lost or damaged in the mail.

Records state from February 2019 until November 2019, the group filed 451 claims with the US Postal Service. The average claim amount was about $297.

Oswald Hendricks of Hampton is in a relationship with Jessica Holiday. Jayvan Holiday and Javon Wiggins are Jessica’s brothers, according to the indictment.

According to a federal indictment, the USPS offered up to $5,000 of insurance coverage as protection against the loss or damage to a customer’s package.

Records say when an insured item was lost or damaged, the customer could request compensation by filling out a claim online by mail or at the postal rental unit.

Prosecutors say the group made false claims saying that packages that contained an iPhone 8 went missing or were lost in the mail.

According to the documents, in many cases, no actual items were placed into the mail stream.

They said Hendricks filed about 310 claims and

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June 11, 2022 by INSURANCE

State Farm ‘Creepy Neighbor’ saga: New campaign asks why insurance giant pushed LGBTQ+ books on children

State Farm ‘Creepy Neighbor’ saga: New campaign asks why insurance giant pushed LGBTQ+ books on children

NEWYou can now listen to Fox News articles!

FIRST ON FOX — State Farm quickly ditched a controversial partnership that pushed books about gender fluidity on young children last month after Consumers’ Research launched the “Like a Creepy Neighbor” campaign, but low internal morale, angry agents and a follow-up campaign loom over the company’s 100-year anniversary celebration. 

Consumers’ Research launched the next phase of its campaign against State Farm on Monday, with a new website AskStateFarmWhy.com. The site allows  people to sign a petition demanding State Farm enlist a third party to audit all programs targeting children, determine every school, public library, and community center where the books were donated, publish the findings and notify parents in the areas where books were made available to children. 

“The name of this campaign is ‘Ask State Farm Why?’ And it’s set to coincide with the 100-year anniversary of the founding of that company and their celebrations of that anniversary in Las Vegas. We want to remind State Farm agents, and especially State Farm executives like the CEO, that they still have work to do to clean up the damage that they did to America’s children,” Consumers’ Research executive director Will Hild

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June 10, 2022 by INSURANCE

China offers Covid vaccine insurance to win over jab sceptics

China offers Covid vaccine insurance to win over jab sceptics

China has devised a new incentive to boost elderly vaccinations to levels that could finally allow the country to relax its zero-Covid strategy and revive the economy: insurance packages for people worried about jab-related side effects.

Dozens of cities across the country have begun offering people aged 60 and older free insurance that pays out up to Rmb500,000 ($75,000) if they fall ill — or worse — because of Covid-19 vaccines.

The packages also promise payouts to families if it can be proven that a loved one’s death was related to receiving a jab. In Beijing alone, about 60,000 seniors have signed up for the coverage since April.

As in other countries, a large number of people in China harbour doubts about the safety of the vaccines despite a lack of evidence of a high risk of serious side effects.

But government officials and the country’s strictly controlled media shy away from discussing even routine side effects, which can include shortlived fevers, soreness and other relatively mild reactions.

This has, paradoxically, created a vacuum in which unsubstantiated rumours about alleged links between vaccines and serious diseases such as leukaemia and type 1 diabetes have spread widely on Chinese social media.

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June 9, 2022 by INSURANCE

Goosehead Insurance to Participate in the 42nd Annual William Blair Growth Stock Conference

Goosehead Insurance to Participate in the 42nd Annual William Blair Growth Stock Conference
Goosehead Insurance to Participate in the 42nd Annual William Blair Growth Stock Conference

Goosehead Insurance, Inc.

WESTLAKE, Texas, June 06, 2022 (GLOBE NEWSWIRE) — Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD), a rapidly growing independent personal lines insurance agency, announced today that Mark E. Jones, Chairman and CEO will present at the 42nd Annual William Blair Growth Stock Conference on Tuesday June 7th at 3:20 PM Central Time. Joining Mr. Jones at the conference will be Mark Colby, Chief Financial Officer; Brian Pattillo, VP Strategy; and Dan Farrell, VP Capital Markets.

A link to the live webcast of the presentation will be available in the investor relations section of the Company’s website at ir.gooseheadinsurance.com. A replay of the presentation will be accessible on the website via the same link following the conference.

About Goosehead

Goosehead (NASDAQ: GSHD) is a rapidly growing and innovative independent personal lines insurance agency that distributes its products and services throughout the United States.   Goosehead was founded on the premise that the consumer should be at the center of our universe and that everything we do should be directed at providing extraordinary value by offering broad product choice and a world-class service experience. Goosehead represents over 140 insurance companies that underwrite personal lines and

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June 8, 2022 by INSURANCE

TN flood insurance to increase by up to $100 a month

NASHVILLE, Tenn. (WKRN) — Tennessee homeowners could soon pay more out of pocket for flood insurance. 

FEMA recently changed the way it calculates flood risk. For some, this will mean paying less, but the vast majority of residents living in flood zones will pay more, according to LendingTree.  

“We have seen a 163% increase in the last 20 years in the number of natural disasters, and a lot of those have been floods. So even if you don’t believe in climate change, that doesn’t matter, your insurance company does,” said Nick VinZant, Senior Research Analyst at QuoteWizard by LendingTree.  

Although this new system will mean some will pay more, VinZant said it’s ultimately a more equitable way of determining rates.  

“What FEMA is really doing is they are shifting the burden of flood insurance. Before, everybody kind of paid for everybody equally. Now people who have the riskiest properties are going to be paying the most. And if you’re not facing a lot of risk, you’ll be paying a lot less,” VinZant said. 

Unfortunately, VinZant doesn’t see Tennessee flood insurance costs going down anytime soon. He added that Tennessee has

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June 7, 2022 by INSURANCE
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