Phil Boyle's posts related to Insurance

Check To See If You Are Entitled To An Unpaid Life Insurance Policy

MORE THAN $665 MILLION IN UNCLAIMED LIFE INSURANCE BENEFITS PAID TO DATE AS A RESULT OF STATE INVESTIGATIONAn investigation started by the Department of Financial Services in July 2011 has resulted in more than $665 million being paid to life insurance beneficiaries who were unaware that they were entitled to money from insurance companies. Before DFS put in place new regulations in 2012, insurance companies did not regularly seek out beneficiaries to pay death benefits, but instead waited for someone to make a claim. However, a significant number of people are not aware that they are named on a life insurance policy by a relative and so do not make a claim.

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Department Of Financial Services Program For Banks To Meet One-On-One With Homeowners Seeking Sandy Insurance Settlement Money

Five of New York’s largest banks and mortgage servicers will have representatives available to offer one-on-one help to homeowners seeking the release of Superstorm Sandy insurance settlement funds at the Department of Financial Services’ Disaster Assistance Centers from Monday, March 4 through Saturday, March 9.The program is designed to help homeowners complete steps needed to have their banks endorse their insurance settlement checks, which are often written jointly to homeowners and their banks or servicers. Bank representatives will also be able to help people who are struggling to make their mortgage payments.

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Senate Approves Bills To Fight Auto Insurance Fraud

The New York State Senate today passed legislation to crack down on auto insurance fraud which has led to injuries - even death - for innocent victims and costs hundreds of millions of dollars a year in higher premiums when New Yorkers already pay some of the highest auto insurance rates in the country.The three bills approved today would significantly cut down on auto insurance scams by increasing penalties for those who commit or assist in the fraud and by giving more flexibility to insurance companies to prevent criminals from getting policies and continuing to commit auto fraud.  

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Senate Gives Final Passage To Bill To Ensure Individuals With Autism Receive Insurance Coverage For Treatments And Therapies

The New York State Senate today gave final legislative passage to legislation to ensure individuals with autism are able to receive insurance coverage for applied behavioral analysis (ABA) therapy as intended under New York State’s autism insurance reform law.The legislation is in response to regulations implemented by the New York State Department of Financial Services which have dramatically limited the number of ABA practitioners where individuals with autism can receive therapy which is covered by insurance.

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