Wpisy oznaczone tagiem "fraud" (25)  

osvanmilton
 
Property Insurance Basics

AXIS Capital, a group of companies with branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States has built a global franchise that is well diversified by product –i.e.  Property and Casualty Insurance.

When damage, theft or loss occurs, property insurance covers a business’s building and its contents such as money and securities, accounts-receivable records, inventory, furniture, machinery, supplies and even intangible assets such as trademarks.

There are insurance companies that offer property insurance by named danger, like fire and theft. Others bid policies that cover many perils. Most basic multiple-peril policies comprise losses caused by fire and theft; however business owners can buy added kinds of coverage if they must. For an instance, a business in the Jakarta, Indonesia may want to purchase an earthquake-insurance policy.

Businesses with effective loss-control measures and claim histories often pay lower insurance premiums compared to companies with perilous procedures and poor claims histories. Taking steps to prevent loss like hiring security personnel to avoid shoplifting, installing a sprinkler system to contain fires or using an alarm system to guard against theft can help control complaints in the cost of property insurance.

Types of Coverage

Several businesses buy property insurance by means of a business-owner’s policy (BOP), which packages property and liability insurance into one policy; on the other hand, given that the amount of coverage available in a BOP is generally lower than in a standard property-insurance policy, companies that require a lot of coverage typically stick with a distinct policy.

Some BOPs also comprise business-interruption insurance and extra-expense insurance which is two kinds of elective coverage in a property insurance policy that protect a business after a loss occurs.

Business-interruption insurance provides payments for expenses like salaries, taxes and debts, in addition to any loss of profit because of the interruption of business.

Extra-expense insurance recompenses the expenses of temporarily moving a business when a covered peril happens. Remember to review your policy. For instance, if a fire devastates a clothing store, extra-expense insurance will recompense for a business to continue operations and cover such expenses as buying or leasing equipment, getting new merchandise and notifying customers about changes that have happened.

Source:
www.reddit.com/(…)axis_capital_group_insurance_frau…
 

webspot
 
The Securities and Exchange Commission said Monday it has charged a Florida father and son with overstating hedge fund values by as much as $160 million.

Link: www.upi.com/(…)UPI-85361263252328…

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webspot
 
More than $100m (£63m) changes hands in China every year for ghost-written academic papers, according to research by a Chinese university. The study, by Wuhan University, says Chinese academics and students often buy and sell scientific papers to swell publications lists. Many of the purported authors never write the papers they sign.

Link: news.bbc.co.uk/2/low/asia-pacific/8442147.stm

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webspot
 
Saint Regis and affiliated fake institutions sold more than 10,000 diplomas in about five years.

Link: www.wired.com/magazine/2009/12/ff_fake_physics/all/1

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webspot
 
Federal agents took down Medicare rackets in Miami, Detroit and New York, arresting a South Florida physician along with 29 nurses and other health care operators on charges of submitting more than $61 million in bogus bills to the taxpayer-funded health care program.

Link: articles.sun-sentinel.com/(…)0912160086_1_crackdown…

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webspot
 
A huge golf equipment counterfeiting operation which made millions for its ringleaders on eBay was cracked by a investigators tipped off by an angry pensioner...

Link: www.dailymail.co.uk/(…)Conman-dubbed-The-Man-millio…

#english
 

webspot
 
Honduran coup regime’s claims about 60 percent turnout at free and fair elections is revealed as fraud. Also implicated in the video are the wide array of media outlets and governments that have unquestioningly accepted the electoral data of a regime that overthrew the last elected president.

Link: pubrecord.org/(…)honduran-elections-exposed-fraud…

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webspot
 
Governments treating the public like “fools” and using climate change to increase taxes.He said carbon dioxide has had no impact on temperature and that recent warming was part of the natural cycle of climate stretching over billions of years.

Link: www.dailyexpress.co.uk/posts/view/143573

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webspot
 
One of the reasons for the high costs of maintaining each soldier is the lack of oversight of private contractor billings over the course of these two wars. The DOD, and the Army, has fought the auditors and the investigators in the military who have attempted to expose fraud, waste, overbillings and other abuses of costs in contractor contracts.

Link: www.truthout.org/1130094

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webspot
 
It's a crime so profitable that even dead people are in on the act.A U.S. Senate committee revealed last year that public health insurer Medicare had paid as much as $92 million from 2000 to 2007 for medical services or equipment ordered or prescribed by doctors who were dead at the time.

Link: www.reuters.com/article/newsOne/idUSTRE5AO04W20091125

#english
 

webspot
 
CNBC host Dennis Kneale scoffed at the idea of charging for virtual items in games when talking with a Playfish co-founder and even said "you guys got quite a racket going on", practically inferring that Playfish has something shady going on behind their business.

Link: www.joystickdivision.com/(…)cnbc_hosts_thinks_charg…

#english
 

webspot
 
A biologist walks into a sushi bar and orders some tuna. What does he get? It really depends. More than half of eateries tested either misrepresented or couldn’t clarify the type of fish they were mongering. Several were selling endangered species of tuna.

Link: www.wired.com/wiredscience/2009/11/tunadna/

#english
 

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A bill making its way through Congress might create an ability akin to the DMCA takedown notice, with the target being content that fosters investment fraud.

Link: arstechnica.com/(…)financial-reform-bill-would-turn…

#english
 

webspot
 
Another election, another boatload of evidence-free Republican claims of voter fraud... In part because it's the closest of the major races, the New Jersey governor's race has been the focus of the GOP's dire warnings. Here's how the campaign to stoke fears over voter fraud in the Garden State has ramped up in recent days.

Link: tpmmuckraker.talkingpointsmemo.com/(…)whats_new_lac…

#english
 

webspot
 
Saturday, Oct. 31, 2009 | 3:57 p.m. - Missing GOP ballots counted in Nev. after Eighteen months, Nevada Republicans have completed a count of all delegate ballots from last year's state convention. Paul supporters blame then-state GOP Chairwoman Sue Lowden for the state convention flap.

Link: www.lasvegassun.com/(…)missing-gop-ballots-counted-…

#english
 

webspot
 
We're told that if fraud and waste in Medicare (and Medicaid) could be eliminated, that would in itself pay for the costs of health care insurance for all Americans. At this point, though, it's hard to believe that kind of miracle will take place.

Link: www.baltimoresun.com/(…)bal-op.smith30oct7320723.co…

#english
 

webspot
 
Medicare fraud - estimated now to total about $60 billion a year - has become one of, if not the most profitable, crimes in America. This story may raise your blood pressure, along with some troubling questions about our government's ability to manage a medical bureaucracy.

Link: www.cbsnews.com/(…)main5414390.shtml…

#english
 

webspot
 
A class action lawsuit was filed yesterday against Best Buy alleging that its "Price Match Guarantee" is a fraud.

Link: www.chicagonow.com/(…)lawsuit-best-buy-lies.html…

#english
 

webspot
 
A previously undisclosed report from the Treasury Department’s inspector general said that as of Sept. 30, the Internal Revenue Service had identified 167 suspected criminal schemes and opened nearly 107,000 examinations of potential civil violations. In late July, the I.R.S. announced its first successful prosecution.

Link: www.nytimes.com/2009/10/23/us/politics/23housing.html

#english
 

webspot
 
Street artist Shepard Fairey committed an egregious legal and ethical blunder by lying to a federal judge in his copyright battle with the Associated Press. But legal experts say his fundamental “fair use” case remains sound.

Link: www.wired.com/threatlevel/2009/10/faireybungle/

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