Earthquake risk map of the U.S.
Posted on 08/26/2006 2:40:15 PM PDT by khnyny
Who are the moles? The question was like a parlor game for employees of State Farm Insurance Co. after Hurricane Katrina, one they nervously played during coffee breaks or in the parking lot after work.
Richard "Dickie" Scruggs, a prominent lawyer of tobacco litigation fame, created a stir by announcing in March that two "insiders" were helping him build cases against insurers for denying claims for Hurricane Katrina losses. Their identities remained a mystery until the day in early June when Cori and Kerri Rigsby — employees of a company that contracted with State Farm — told a supervisor they were cooperating with Scruggs.
That startling admission — and their subsequent resignations — ended a risky charade. The Rigsbys say they spent months collecting reams of internal State Farm reports, memos, e-mails and claims records before they gave them to Scruggs and state and federal authorities.
The sisters, who managed teams of State Farm adjusters, say the documents show that the insurer defrauded policyholders by manipulating engineers' reports so that claims could be denied.
(Excerpt) Read more at news.yahoo.com ...
I agree with that...
- really makes one think they are covering up something.
What do you mean? Are you talking about the insurance companies or...if there's that kind of fraud by those insurance companies...it'll be huge...
Here's a laugh for you....after the '94 earthquake all insurers dropped earthquake insurance, at least in California. Before the earthquake we were paying around $350/yr. After the insurers had to pay out in '94 the state of California became the only earthquake insurer here. We now pay $1,100/yr with a $50,000 deductible. We still buy it because it's stupid not to-but it IS aggravating!
Great Americans.
My response would be, that there is probably enough fraud all the way around. No one has the market cornered on fraud, illegal activity or crime, they exist at all levels and in all political persuasions.
I'm sure that this activity may be isolated to certain offices or districts. I'm glad the company was generous with your policy. The point is not that the entire company is corrupt, but that in this particular situation and office/offices there were/are obvious problems.
I beg to differ. If these ladies remained silent, and it was later proven that they had knowledge, the point could be made that they would be legally complicit in the fraud. Remember, there are sins of commission and sins of omission, lol. Or did you miss that part in your moral development?
[Great Americans]
A great American has the courage to tell the truth, especially when people's lives are at stake. I'm sure it was not easy operating under cover for the Feds, and that is in effect, what these ladies did.
Hopefully the Feds will pursue this and not have it swept under the rug after a few phone calls from State Farm and some hefty donations to the powers that be. Our society really depends on the system working honestly and fairly (as much as possible), the alternative is utter chaos.
Earthquake risk map of the U.S.
[these two stole confidential information from their employer, and now they're on the payroll of a trial lawyer. Real ethical gals /sarcasm]
These "gals" are working with the Feds, so I think they're safe for the moment./sarc.
Yep, it's pretty much those faults under the rivers in Charleston, SC, as far as risk of earthquake in NC, looking at that map. I'm surprise that the coastal plain above Wilmington looks like minimal risk, though.
I believe it's called "evidence" needed to prove the commission of a crime (fraud) and is covered under the whistle-blower act. Not that they need that, as they've resigned.
The new lending company founded by Axcel Rose.
The 2007 Axcel. From Toyota.
Just seemed sketchy to me.
This whole story looks a bit bogus. Two sisters....having "evidence"....the shredder truck that they hint of....doesn't smell right.
[This whole story looks a bit bogus. Two sisters....having "evidence"....the shredder truck that they hint of....doesn't smell right.]
The "sisters" worked for the company, that's oftentimes how evidence is gathered in cases of fraud against corporations. The sisters resigned their positions, as another poster pointed out, so it is a moot point, but there are Federal and State whistle blower protection laws in place for private and federal/state entities.
I guess time will tell, but my prediction is that it will be settled quietly out of court. Enron and others didn't get off quite so easily (quite a bit of shredding went on there too, lol). The criminal cases against Enron and others were aided by internal whistle blowers who worked for the companies involved.
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