Monday, December 28, 2015

Best Epic Stupid Car Insurance Fail Attempts - Funny fraud fails & wins Compilation lol !






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When Jonathan G. Stein became unhappy with his long-time car insurance carrier earlier this year, the 41-year-old lawyer from Elk Grove, California switched to a new company.
How was he rewarded for his disloyalty after nine years? With savings of about $300 a year and a boost in his under-insured motorist coverage.
Despite discounts for long-term customers, studies show that you can get lower premiums on car insurance by shopping around rather than sticking with one company, and the savings can be significant.
The Texas Office of Public Insurance Counsel did a study showing that a consumer who has stuck with the same auto insurer for eight years could reduce the premium by 19 percent by switching.
"It is disappointing to think your loyalty to a company can hurt you," says Carol Lachnit, features editor for automotive website Edmunds.com.
Even when rewarding loyalty with a percentage off, insurers may use a practice called price optimization that considers a number of factors beyond risk, including what price tag they think you will tolerate.
"They're sort of measuring how likely you are to resist a price increase to your premium," Lachnit says.
Still, many consumers stick it out. Jonathan Stein, for one, has only had three car insurers in his adult life.
"I did get a loyalty discount, but each time I switched, it was because I received better coverage for less money," he says.
Others take a different view.
Linda Carlson has stuck with USAA for more than 10 years because of what she considers exemplary customer service.
The Seattle resident ticked off a series of accidents and other problems over the years, including a crash, and how pleased she was with the way USAA handled them. Her husband has used the company since 1970.
Other customers are simply lulled into staying.
A recent survey by customer satisfaction measurement company J.D. Power and Associates found that even though auto insurance rates increased by 2.1 percent last year and 2.5 percent in 2013, a relatively small percentage of customers switched carriers.
About 39 percent of those surveyed said they did check on other insurers' prices, but just over a quarter of those who price-shopped actually switched.
"You have to look at your own pocketbook and your own budget and decide," Edmunds.com's Lachnit says.
SHOP AROUND
Lachnit says it makes sense to shop around every few years. It is important, though, to keep a list of your coverage in front of you to be sure you are comparing apples to apples.
Also keep in mind that not every insurer offers the same level of service or enjoys the same reputation. It is worth checking on the complaint history of a particular company through your state's insurance commission, she says. A list is available (www.naic.org/state_web_map.htm) through the National Association of Insurance Commissioners.
If someone offers you a better rate and you would rather not switch, Jeanne Salvatore, vice president of the Insurance Information Institute, says it will not hurt to go back to your insurer and let them know about the lower quote. Auto insurance it not the same as a lot of industries that routinely haggle with customers, but there is no harm in trying, she says.
The only consumers who might not benefit from comparison shopping are those with bad driving records because they will have fewer choices, Salvatore says.
She recommends asking for every available discount, whether you are staying or going. These include such things as bundling multiple policies, good driving records, certain vehicle-safety features, paying in a lump sum, being a student with good grades, and belonging to certain membership or affinity groups.
(The author is a Reuters contributor. The opinions expressed are his own)

(Editing by Beth Pinsker and Lisa Von Ahn)

Thursday, August 20, 2015

worst cars crash ever seen






worst cars crash ever seen

Wednesday, August 19, 2015

New hole opens in ground at site of 2013 fatal Florida sinkhole

Sometime after the sun came up Wednesday, a woman walking her dog past a fenced-off area in a sleepy suburban neighborhood near Tampa heard a loud rumble. She quickly dialed 911.
The earth had opened, again.
By Wednesday afternoon, a 17-foot wide and 20-foot deep sinkhole had formed in exactly the same place where a man was swallowed by the earth in while sleeping 2013. Hillsborough County officials said it's likely the hole opened because of all the recent rains and that such activity isn't uncommon.
In March 2013, Jeffrey Bush was asleep in his bedroom on the property when the floor collapsed and he fell in. His body was never recovered. His brother, Jeremy Bush, was in the house and tried to rescue him, even jumping into the hole. He was rescued by authorities as the ground crumbled around him. Jeremy Bush was seen at the site Wednesday.
After the tragedy, officials razed the Bush home and two adjacent homes. A sinkhole remediation company filled the hole with gravel, and county officials said the company will study the reopening.
"It's not uncommon for this type of settlement to occur when voids like this happen," said Michelle Van Dyke, a county spokeswoman.
Wednesday's sinkhole is on a vacant lot that's now surrounded by a metal fence and landscaped with trees and shrubs. The sinkhole wasn't visible from ground level, but aerial photos showed a tidy crater in the ground.
The new sinkhole has led to no reports of injuries and no nearby homes have been evacuated, said Ronnie Rivera of Hillsborough Fire Rescue.
Residents were painfully reminded of the tragedy that befell their quiet neighborhood two years ago. TV news trucks and reporters' cars clogged the narrow street. And folks said the fact that the ground opened again made them nervous.
"Well, it's, um, not expected and you live your life one day at a time," said 51-year-old Lisa Robinson, who lives a half-dozen houses away from the site and had lived in a different home in the area when the original sinkhole happened.
Robinson said that she's only renting in the neighborhood and they're not planning to stay. She added that she felt it odd that her dog, a beagle named Muppet, refused to go in the backyard the previous night and Wednesday morning.
"I'm pretty certain Muppet knew something was going on," she said.
Sinkholes are so common in Florida that state law requires home insurers to provide coverage against the danger. While some cars, homes and other buildings have been devoured, it's rare for them to swallow a person.
Florida is highly prone to sinkholes because there are caverns below ground of limestone, a porous rock that easily dissolves in water.

Monday, August 10, 2015

Mercedes SLS AMG Meets Slow And Painful Death Under The Crusher


auto insurance


Seeing a perfectly good vehicle being crushed for whatever reason is a sad thing for any car enthusiast. It’s all the more disappointing if the car in question is a thoroughbred sports car like the Mercedes SLS AMG.


Why on Earth this car has been sent to the junkyard we don’t know, but we sure would love to hear from you if you have any information.
We suppose this happened in the United States, as the SLS AMG has the US-specific yellow lateral lights and an American truck can be seen in the background at one point. The fact that the SLS AMG is a US-spec model makes it hard to believe we’re dealing with an illegal import.

auto insurance
auto insurance
Obviously, we’re not sure that’s the case. Another possibility could be that the SLS AMG was already damaged due to an accident and was written off by the insurance company.
The video begins with the car already damaged, but we don’t know whether it had accident damage or earlier scars inflicted by the crusher. Either way, that’s not how a Mercedes AMG SLS should go…

VIDEO

insurance auto

Sunday, August 9, 2015

crazy arab drift mad people no insurance for life


crazy arab drift mad people no insurance for life

Friday, August 7, 2015

60 000 HP "Shockwave" FIRST JET RACE EVER in MI!


Yes, you read the title correctly – this video shows a mind-blowing drag race between a couple of 60,000 horsepower semi trucks powered by Pratt & Whitney J34-48 jet engines. The truck in the foreground is named “Shockwave”, and it’s a Peterbilt Semi. “Super Shockwave”, the truck in the background, is built on a 1957 Chevy cab. These are two of the craziest trucks we’ve ever seen, and the fact that there are two of them so they can race each other is amazing. The Shockwave currently holds the world-record for a jet-powered full-size truck, clocking in at a ridiculous 376 miles-per-hour. The Super Shockwave is no slouch, achieving a top speed of 336 mph in the full mile. The Shockwave was created by Les Shockley in 1984, and he’s been taking it all around the country ever since. In fact, next year will be the 30th anniversary of the original Shockwave, and there’s already 10 shows on the schedule. The pyrotechnic display at this race is off the charts, and you’d better believe if this show comes around to our neck of the woods, we’ll be first in line for tickets. What do you guys think – pretty awesome, right? If you enjoyed watching these monster trucks go at it, be sure to ‘share’ the post!

Wednesday, August 5, 2015

Guy's Automatically Extending/Retracing Wolverine Claws


This is a video of Youtuber ColinFurze's 12-inch stainless steel pecker Wolverine claws. They're pneumatically operated via an air tank on his back, and not telepathically, which would be even cooler. As seen in the video, they're perfect for hacking away at watermelons, cardboard, and popping a Mystique blow-up doll. They are not perfect for airline travel. Unless you can avoid the airport and ride on the X-Men's own Blackbird jet. Hey Professor X, let me sit on your lap. "No." Come on. "No." Hey Storm, let me sit on your lap. "I know what you're doing." What? That I asked Professor X first knowing he would say no so it wouldn't seem so obvious that I really wanted to sit in your lap the whole time? "Yes." Curses! Hey Cyclops, let me-- "Anytime, big boy." Dammit you were supposed to say no so I could ask Rogue. Keep going for two videos, the first a video of the claws in action, the second a how-to in cause you want to make your own.

Tuesday, August 4, 2015

Jet-kart-The most MENTAL kart EVER


So it’s finished and it’s brilliant, it’s stable it starts easy and the fuel system after a slight redesign (see website) works perfectly. Top speed so far is 60mph but i run out of airstrip so might be more in it.

Monday, August 3, 2015

Samsung flexible phone prototype unveiled in CES + Samsung galaxy S7 or Note 5 prediction ?


Samsung unveiled its flexible phone prototype, running Windows Phone 8 and branded Youm, during a keynote at CES that also included former US President Bill Clinton. Great concept future phone A flexible display is a display which is flexible in nature; differentiable from the more prevalent traditional flat screen displays used in most electronics devices. In the recent years there's has been a growing interest from numerous consumer electronics manufacturers to apply this display technology in E-readers, Mobile phones and other consumer electronics.
The world's biggest technology manufacturer said that Youm, the brand it has used for its flexible display technology since June, was a prototype that was not going to launch imminently. Samsung's continued emphasis on the technology will worry its rivals, however, and indicates that the Korean company is continuing both to work on new display technologies and to reduce its reliance on Google Android. It pointedly demonstrated the phone running Windows Phone 8. The true impact of flexible displays, however, is likely to be hampered by the size and rigidity of vital processing and memory technology. The demonstration unit featured a flexible display attached to a small processing box. Analysts say the first uses for flexible displays are most likely to be in devices that are more durable than glass because they can absorb force rather than crack under it. The new technology is also likely to be used, Samsung said, to wrap displays around devices and allow them, for instance, to show information on their edges. Eric Rutter, Microsoft's Chief Technology Strategy Officer, said that it was clear that displays did not need to be rigid. On stage at the Consumer Electronics Show in Las Vegas, the prototype phone was shown being flexed and bent without any conspicuous colour distortion, with other pre-recorded demonstrations shown on film. Referring to people who have talked about Apple's marketing creating a "reality distortion field," he claimed "we've actually built one". Corning, the maker of Gorilla Glass, which is widely used across mobile phones, is also working on a flexible glass product called Willow. It is likely to be available in time for use on devices such as the Samsung Galaxy S4 and the forthcoming iPhone, but will not offer the flexibility of plastic. Subsequent mobile phone releases, therefore, may not use as much glass and may instead move to flexible displays. Samsung has been working on flexible displays for a number of years, but its latest demonstration was the first to prove it has already talked to other companies about how it might implement flexible displays. Previous rumours have, however, suggested that it has also spoken to Google about a version of Android for such devices. Samsung's keynote also featured former American President Bill Clinton. He reiterated his observations on the transformative power of technology for the developing world, and also said he had seen how much medical technology had moved on during his wife Hillary Clinton's recent hospital stay. He also added his voice to calls for stricter gun control in America


Sunday, August 2, 2015

How to Kiss any Girl in 10 Seconds Prank (GONE WILD) Kissing Prank





It seems the auto insurance industry is on the cusp of a transformation. Tracking devices are beginning to come along for the ride, sending insurers information about every turn and brake of your drive. A startup called Metromile offers pay-as-you-drive car insurance (available so far in four states) to those who drive less than 10,000 miles a year. But these newfangled ways to insure are still nascent, since, according to a 2014 Deloitte report, people are wary of privacy issues and the potential impact on pricing. So the vast majority of people are still shopping for car insurance the old-fashioned way — and it’s as confusing as ever. The problem? The industry doesn’t have an MLS like for real estate or an ITA or Sabre like for flights, where all policies from every carrier can be compared in one place. Unlike shopping for a home or airline ticket, in order to get an actual auto insurance quote and not just an estimate, you need to give up a lot of data and access to your credit score, which the company doesn’t do until you’re close to buying because it costs money. Still, businesses are trying to simplify the process. In the last year or so, a few new services — websites The Zebra and Compare, plus an iOS app called Go — have launched to make it easier and faster for drivers to shop for cheaper traditional types of car insurance. The Forbes eBook To Succeed In A Brutal Job Market Don’t let a rotten economy spoil your goals. Use the career and money advice in The Millennial Game Plan to get and stay ahead for good. The Zebra offers side-by-side comparison of more than 1,800 products from more than 200 companies across all 50 states, representing 96% of the market. That’s significantly more than competitors like 14-year-oldInsurance.com, which has 17 carriers (though none of the biggest ones like State Farm). But The Zebra serves up estimates, not actual rates. Compare offers actual rates, not estimates, but they only have 31 companies (including eight of the big 20), and in some markets, they only offer one carrier. Go is an iPhone app that can show you potentially cheaper rates within 30 seconds and also uses the motion co-processor in the iPhone 6 to come up with new offers based on your driving habits, but its quotes are much less accurate. The biggest problem of all? These services have consumers focus on cost instead of appropriate coverage, which could lead consumers to policies that aren’t right for them. automotive-62827_1280 “There are so many nuances to insurance, and people guess at the coverage levels they need and don’t realize what the repercussions are from the choices they’re making,” says Sarah Smith, the founder/broker/advisor of Options Insurance in Twin Cities, Minnesota. The disadvantages of these new sites underscore the fact that the smartest way to search for insurance isn’t going to be one-stop shop. Online, “people go for the cheapest option, for the lowest liability coverage, which is really dumb because you wind up exposing yourself to lawsuits,” says Liz Weston, Bankrate contributing editor and author of Your Credit Score. “On the other side of that, working with a human being is not without its problems too. Even the so-called independent insurance agents work with a definite set of companies so you’re not getting the whole universe of possible options.” So, even if you use a service like The Zebra, Compare or Go, check out more than one site and also talk to a couple agents, especially those who represent more than just one company. Here’s how you can use these new services to your advantage while obtaining appropriate coverage.

Saturday, August 1, 2015

Fatal Car Crash Compilation NEW 2015

Due to the litigious nature of our society and the rising cost of vehicles, car insurance rates are hefty throughout the nation. The bad news is that insurance isn't likely to lessen in price any time soon. The good news is that there are things that you can do to minimize increases and/or lessen the burden on your wallet. Let's take a look at 12 tips you can employ to save your driving dollars.
1. Insure Multiple Cars/Drivers If you obtain a quote from an auto insurance company to insure a single vehicle, you might end up obtaining a higher quote (per vehicle) than if you inquired about insuring several drivers and/or vehicles with that company. This is because insurance companies will offer what amounts to a bulk rate because they want your business, and under some circumstances, they are willing to give you a deal if it means you'll bring in more of it.
To obtain a discount, ask your agent/insurance company to see if you qualify and get a quote. Generally speaking, multiple drivers must live at the same residence and be related by blood or by marriage. Two non-related people may also be able to obtain a discount; however, they usually must jointly own the vehicle.
Incidentally, some companies may also provide an auto insurance discount if you maintain other policies with the firm (ex. homeowner's insurance). Check with your agent/insurance company to see if such discounts are available and applicable.
2. Keep A Clean Record It should go without saying that the more accidents or moving violations an individual has, the more he or she will tend to pay in terms of annual premiums. For those unaware, points are typically assessed to a driver for moving violations. Generally speaking, more points can lead to higher insurance premiums (all else being equal).
3. Take A Defensive Driving Course Sometimes insurance companies will provide a discount for those that complete an approved defensive driving course. Also, sometimes a driver can reduce the number of points he or she has on his or her license by taking a defensive driving, accident prevention or other course.
Make sure to directly ask your agent/insurance company about this discount before signing up for a class. After all, it's important that the effort being expended and the cost of the course will translate into a big enough insurance savings. It's also important that the driver sign up for an accredited course.
4. Shop AroundIf your policy has just been renewed and the annual premium has gone up markedly, consider shopping around and obtaining quotes from competing companies. Also, every year or two it probably makes sense to obtain quotes from other companies just in case there is a lower rate out there.
However, remember that cheap doesn't always mean good and going with the lower-priced company isn't always the wisest decision. That's because the insurer's credit worthiness should also be considered. After all, what good is a policy if the company doesn't have the wherewithal to pay an insurance claim? To run a check on a particular insurer, consider checking out a site that rates the financial strength of insurance companies (such as A.M. Best). Financial strength of your insurance company is importnant but, what your contract covers is also very important so, make sure you understand your insurnace contract.
5. Take Mass Transit When you sign up for insurance, the company will generally issue you a questionnaire. Among the questions it asks might be the number of miles you drive the insured automobile per year.
If you use your vehicle to commute three hours to work every day, you will generally pay more in insurance premiums than someone who only drives one mile a day. If possible, try to use mass transit to rack up fewer miles, keeping in mind that you will usually have to decrease your mileage significantly before incurring a discount. Ask your agent/insurance company about the company's different mileage thresholds so your efforts won't be wasted.
6. Select Your Vehicle Carefully Buying a huge SUV may sound exciting, but insuring a 5,000-pound, top-of-the-line vehicle can be more expensive than insuring a small (but safe) lower-cost commuting car. Also, older cars are often cheaper to insure than their more modern counterparts. Again, speak with your agent/insurance company to find out the exact rates to insure the different vehicles you're considering before making a purchase. To learn more about choosing a cost-effective vehicle, see Wheels Of A Future Fortune.
7. Consider Raising Your Deductibles
When selecting car insurance, you can typically choose a deductible, or the amount of money you would have to lay out before insurance picks up the tab in the event of an accident, theft or other type of damage to the vehicle. Depending on the policy, deductibles typically range from $250 to $1,000. The catch is that, generally speaking, the lower the deductible, the higher the annual premium. Conversely, the higher the deductible is, the lower the premium. Ask your agent/insurance company how your premium might be affected if you raised your deductible. In some cases, it may make the annual premium better by several percent and put some money back in your pocket; other times, the savings may be minimal.
8. Improve Your Credit Rating
A driver's record is obviously a big factor in determining auto insurance costs. After all, it makes sense that a driver who has been in lots of accidents could cost the insurance company lots of money. However, folks are sometimes surprised to find that insurance companies may also consider credit ratings when determining insurance premiums.
Why is a person's credit rating considered? The theory is that individuals who keep their financial situations in ship-shape condition will tend to be more careful when it comes to driving. Regardless of whether that's true, be aware that your credit rating can be a factor in figuring insurance premiums and do your utmost to keep your credit rating high.
9. Pay Attention to Where You Live It's unlikely that you will move to a different location (i.e., state) simply because it has lower car insurance rates. However, when planning a move, the potential change in your car insurance rate is something that you will want to factor into your budget.
10. Drop Unnecessary Coverage
Dropping certain types of coverage can be a slippery slope. After all, nobody can predict if or when an accident will occur. However, if an individual is driving an extremely old automobile that's on its last legs, it may make sense (depending on the cost, the individual's driving record and other factors) to drop collision coverage. The reason for this is that were the vehicle to be involved in an accident, the insurance company would likely total the car. If the value of the car is only $1,000 and the collision coverage costs $500 per year, it may not make sense to buy it.
In any case, before making any such decision, consider speaking with your financial advisor and your agent/insurance company. Remember, every situation is different and the decision is up to you.

11. Install Anti-Theft Devices

Individuals have the potential to lower their annual premiums, sometimes by as much as several percent, if they install anti-theft devices. Your agent or insurance company should be able to tell you specifically which devices, when installed, can lower premiums. Car alarms and LoJacks are two types of devices that you might want to inquire about. If your primary motivation for installing an anti-theft device is to lower your insurance premium, make sure to consider whether the cost of adding the device will result in a significant enough savings to be worth the trouble and expense.

12. Question Your Agent 
It's important to note that there may be other potential cost savings to be had in addition to the ones described in this article. In fact, that's why it often makes sense for you to speak directly with your agent or a representative of the insurance company to ask if there are any special discounts that the company offers for individuals such as military personnel or employees of a certain company. The insurance company may also offer a "good student" rate or some other special savings. You never know what sort of discount pricing might be available for your circumstances, but unless you ask, you probably won't be able to take advantage of it.

The Bottom Line

The price of auto insurance is likely to continue to rise in the future. However, there are many things you can do to reduce the sting, and hopefully these 12 tips will have you driving in the right direction.

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Thursday, July 30, 2015

Dump Truck With Raised Bed NAILS Bridge – COMPLETE LOSS!





Dump Truck With Raised Bed NAILS Bridge – COMPLETE LOSS! We have absolutely no idea how one would come to be driving their dump truck down the highway with the bed lifted to be completely vertical, but anything is possible, we guess. When this driver failed to notice that his bed was lifted, he also happened to be in the wrong place at the wrong time as the truck proceeded to go under an overpass. If you don’t see where we’re going with the situation at this point, then something like this has probably happened to you as well at some point along the way. Check out the clip below as the truck absolutely gets destroyed by the overpass. We kind of wish that the person behind the camera gave us a little bit more detail to see exactly what happened to the truck. Hopefully, the driver was alright!

Amazon signs Top Gear's Clarkson, Hammond, and May for new show

(Amazon Prime Video UK)


Former Top Gear presenters Jeremy Clarkson, Richard Hammond, and James May have signed up for a new motoring show on Amazon Prime, set to air in 2016. The news ends months of speculation about the trio's future on TV after the BBC refused to renew Clarkson's contract following a "fracas" during filming this year. The deal is a major coup for Amazon's streaming service, which lags behind rival Netflix, and although there are no details of how much the firm paid for the trio, a company insider told the London Evening Standard: "We have made a significant investment."
"I FEEL LIKE I’VE CLIMBED OUT OF A BI-PLANE AND INTO A SPACESHIP."
The contract commits Clarkson, Hammond, and May to three years of the show, with work on the first season scheduled to start in fall. "I feel like I’ve climbed out of a bi-plane and into a spaceship," said Clarkson in a press release, with Hammond commenting: "Amazon? Oh yes. I have already been there. I got bitten by a bullet ant." May added: "We have become part of the new age of smart TV. Ironic, isn’t it?"
In addition to the three presenters, Amazon also secured former Top Gear executive producer Andy Wilman, an old school friend of Clarkson's and the figure credited with the show's revival in the early 2000s. Wilman and Clarkson reportedly dreamt up the show's tone and style during a conversation in a pub 15 years ago, putting Top Gear on the long road to becoming the most watched factual program of all time, with an estimated worldwide audience of some 350 million.
Amazon has the global rights to the show, meaning it should appear on the $99-a-year Prime Instant Video in the US, UK, and other markets. For Top Gear fans who don't have access to Prime though, the Wall Street Journal notes that Amazon has the power to license rights to the show to other broadcasters. "Customers told us they wanted to see the team back on screen, and we are excited to make that happen," said Jay Marine, vice president of Amazon Prime Video EU. "Our approach is to give program makers creative freedom to be innovative and make the shows they want to make."

Wednesday, July 29, 2015

6.3-magnitude earthquake strikes Alaska


A 6.3-magnitude earthquake hit southern Alaska Tuesday night, according to the U.S. Geological Service. The quake's epicenter -- about 150 miles from Anchorage -- was located on the western edge of the of Cook Inlet, near the Chigmit Mountains. According to USGS, it is about 45 miles southwest of Redoubt Volcano. The National Tsunami Warning Center said the quake expected to cause a tsunami.

10 Coolest Google Tricks




A while back someone posed a question to that great receptacle of crowd-sourced knowledge,Quora, asking "What are some lesser known Google search tips and hacks." We now present you with some of those answers, along with a couple of ours that you might not have known about.



Auto Insurance Fraud: What It Costs You

Auto insurance fraud adds $200-$300 a year to your individual insurance premium, according to estimates from the National Insurance Crime Bureau (NICB). But that's a paltry sum compared to its overall impact, because every business has to pay for insurance as well.
When fraud boosts their insurance rates, businesses have to charge you more for goods and services, according to the NICB. That means that not only consumer goods and insurance premiums, but taxes and anything else with a dollar sign in front of it are affected by insurance fraud.
Forms of Fraud
Auto insurance fraud is generally classified as "hard" or "soft." Hard fraud, which involves staging or inventing an event that would be covered by insurance, includes:
  • Staged accidents, such as an intentional rear-end collision
  • Phony injury claims, where criminals lie about trauma sustained in an accident
  • "Jump-Ins" — inventing injuries to people who were not in the vehicle at the time of the accident
  • Claiming a one-car accident was a hit-and-run
An increasingly common scam that has proliferated along with the number of people who are upside down on their car loans is "owner give-up." A policy holder secretly abandons their car, possibly by dumping it in a lake or even paying an arsonist to torch it, and then reports it stolen. If the insurer pays out, the policy holder can pay off their car loan without damaging their credit rating.
Staged accidents are the most harmful type of insurance fraud for the average driver, as a victim of a staged accident could be injured or killed. Even if the victim was not at fault, their premiums may rise or their policy could be cancelled. They can also lose wages and be bogged down in an endless chain of claims paperwork and vehicle repairs.
Soft fraud, also known as "build up," is more opportunistic, involving policy holders who pad an otherwise legitimate claim. They may:
  • Add previous damage to a current claim
  • Conspire with a body shop and/or claims adjuster to pad a repair estimate
  • Conspire with doctors to obtain unnecessary medical treatments
So it's not just the policy holders who participate in auto insurance fraud. Organized fraud rings have become a major national problem, and can include dishonest doctors and lawyers, auto mechanics, even insurance salespeople.
Funding the Fight
The nation's property/casualty insurers have created special investigative units (SIUs) to fight insurance fraud, and many states have dedicated bureaus and specific laws and regulations to combat fraud. While this all sounds good, the sophisticated systems designed to protect insurance companies (and their customers) from fraud can also take a toll on the policy holder who's filing a claim.
"We don't want to go out with the attitude that our policy holder is lying," says Peter Van Patten, a director for Nationwide Insurance's Claims SIU. "But if there's a red flag that comes up — like the law enforcement agency thinks it's not legitimate, or there's reasonable cause to believe that it's not, we'll get an opinion from legal...and if things build up, we have to make a referral to the state insurance fraud bureau."
A claim flagged as potentially fraudulent takes longer to settle because it has to be investigated, according to Victoria Kilgore, director of research at the Insurance Research Council. While a claim is under investigation, an insurance company can request medical or police records. Meanwhile, the policy holder, who could be facing expensive medical and vehicle repair bills, waits for the insurer to reimburse him or his doctors. If the policy holder gets fed up waiting or is wrongly denied, Patten says, he can file a suit or take legal action. That's a heavy financial and emotional burden, if you happen to be wrongly accused.
Ironically, insurance companies can be so vigilant concerning fraud that they occasionally victimize the victims. We've seen stories of honest drivers whose cars were stolen, only to be accused by both insurers and police of dumping their car and filing a fraudulent claim. This occurred particularly when the so-called "undefeatable" anti-theft transponder chips first became available in vehicle key fobs. Insurance companies assumed — incorrectly — that anyone who filed a vehicle theft claim but still possessed all their keys must be lying.
Cost to Consumers
Fraud is the second most costly white-collar crime in America after tax evasion. And the specific problem of auto insurance fraud is so widespread that almost a quarter of bodily injury claims resulting from vehicle crashes, and at least a tenth of property/casualty insurance claims, are fraudulent, according to industry studies.
That cost adds up. The Insurance Research Council estimates that excess payments made by auto insurers due to fraud totaled as much as $6.8 billion in 2007. But any statistic involving auto fraud dramatically understates the problem, because it relates only to claims already paid, not to claims dropped by the filer or dismissed due to suspicion of fraud.
And none of these estimates incorporate the "soft" labor costs involved in dealing with fraud, including the drain on businesses, law enforcement, the civil justice system, regulatory agencies and local emergency services. While auto insurance fraud seems to most people like an "invisible" crime, its true cost to the consumer is far higher than we may ever know.

Tuesday, July 28, 2015

abandoned luxury cars dubai




The United Arab Emirates is one of richest countries in the Middle East. Despite the recent financial crisis and the falling price of oil, the country's economy still remains strong. However, like any other modern country, the UAE has its fair share of problems. These problems range from the typical (poverty, high price of living) to the truly bizarre. One of the UAE's bizarre problems, specifically in the city of Dubai, is the problem of high-end luxury cars being frequently abandoned in local airports' parking lots. Why would someone abandon a perfectly good luxury car? The reason makes more sense than you would think...



Monday, July 27, 2015

You Can Save Hundreds On Car Insurance. But Is It A Good Idea?

It seems the auto insurance industry is on the cusp of a transformation.
Tracking devices are beginning to come along for the ride, sending insurers information about every turn and brake of your drive. A startup called Metromile offers pay-as-you-drive car insurance (available so far in four states) to those who drive less than 10,000 miles a year. But these newfangled ways to insure are still nascent, since, according to a 2014 Deloitte report, people are wary of privacy issues and the potential impact on pricing. 
So the vast majority of people are still shopping for car insurance the old-fashioned way — and it’s as confusing as ever. The problem? The industry doesn’t have an MLS like for real estate or an ITA or Sabre like for flights, where all policies from every carrier can be compared in one place. Unlike shopping for a home or airline ticket, in order to get an actual auto insurance quote and not just an estimate, you need to give up a lot of data and access to your credit score, which the company doesn’t do until you’re close to buying because it costs money. 
Still, businesses are trying to simplify the process. In the last year or so, a few new services — websites The Zebra and Compare, plus an iOS app called Go — have launched to make it easier and faster for drivers to shop for cheaper traditional types of car insurance.
The Zebra offers side-by-side comparison of more than 1,800 products from more than 200 companies across all 50 states, representing 96% of the market. That’s significantly more than competitors like 14-year-oldInsurance.com, which has 17 carriers (though none of the biggest ones like State Farm). But The Zebra serves up estimates, not actual rates. Compare offers actual rates, not estimates, but they only have 31 companies (including eight of the big 20), and in some markets, they only offer one carrier. Go is an iPhone app that can show you potentially cheaper rates within 30 seconds and also uses the motion co-processor in the iPhone 6 to come up with new offers based on your driving habits, but its quotes are much less accurate.
The biggest problem of all? These services have consumers focus on cost instead of appropriate coverage, which could lead consumers to policies that aren’t right for them.
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“There are so many nuances to insurance, and people guess at the coverage levels they need and don’t realize what the repercussions are from the choices they’re making,” says Sarah Smith, the founder/broker/advisor of Options Insurance in Twin Cities, Minnesota. 
The disadvantages of these new sites underscore the fact that the smartest way to search for insurance isn’t going to be one-stop shop. Online, “people go for the cheapest option, for the lowest liability coverage, which is really dumb because you wind up exposing yourself to lawsuits,” says Liz Weston, Bankrate contributing editor and author of Your Credit Score. “On the other side of that, working with a human being is not without its problems too. Even the so-called independent insurance agents work with a definite set of companies so you’re not getting the whole universe of possible options.”
So, even if you use a service like The Zebra, Compare or Go, check out more than one site and also talk to a couple agents, especially those who represent more than just one company. Here’s how you can use these new services to your advantage while obtaining appropriate coverage.
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