A friend shared an article with me about technology bringing people together for what is described as “carpooling” or “ridesharing” in urban areas. This article is primarily focused on government regulation, but there is an important insurance aspect to examine: business use of a vehicle insured on a personal auto policy. These services market as … Continue reading Smartphone-enabled Ridesharing??
Your insurance policies are contracts that spell out the coverages that will be supplied in exchange for premium payments. Insurance fraud is any action that attempts to alter the contract without both parties consent or to misrepresent damages. One form of insurance fraud that is easy for companies to detect is when an insured tries … Continue reading Insurance Fraud takes many forms