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(WRAL)   You know how you can save money on premiums by adding more cars to a single policy? 70 taxi drivers just found out that it only works if you actually live at the residence listed on the policy   ( wral.com) divider line
    More: Fail, Commissioner Mike Causey, Union County, North Carolina, big insurance bust, Charlotte, North Carolina, Mecklenburg County, North Carolina, two-story stucco structure, auto insurance premiums, suburban Union County  
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1373 clicks; posted to Business » on 18 Mar 2017 at 8:24 PM (35 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



14 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2017-03-18 06:19:18 PM  
The insurance company couldn't take action directly against something so obviously fishy? This time, business was protected by state government. But 45's attempts to dismember the EPA, NPR and God knows what else ok that is all.
 
2017-03-18 08:51:08 PM  
This was more about using a cheaper, zip than some bundle discount
 
2017-03-18 09:07:29 PM  
Funny, it works for corporations.
 
2017-03-18 09:12:54 PM  

mrlewish: Funny, it works for corporations.


Corporations are people my friend.
 
2017-03-18 09:34:00 PM  

mrlewish: Funny, it works for corporations.


"That makes me smart."
 
2017-03-18 09:39:10 PM  
I'm not sure about how I feel. On one hand you have the drivers frauding the insurance companies. On the other hand, when I pay my insurance bill, I feel like I'm being frauded.
 
2017-03-18 10:35:00 PM  
Let's go meta on this and have all of their addresses be a room at an AirBnB.
 
2017-03-19 12:47:33 AM  
I'm convinced that law enforcement would be an order of magnitude tougher if perps exercised even minimal competence in commiting their crimes.
 
2017-03-19 01:54:05 AM  
70 Charlotte-area taxi and limousine drivers falsely listed the same address in suburban Union County to get a break on auto insurance.

bullshiat. the ugly truth is, charlotte-area taxi and limousine drivers are so low-paid, 70 of them have to live in the same house. toss a brick of ramen down the chimney, and it looks like feeding time at the aquarium.
 
2017-03-19 02:07:54 AM  
Something, something, Uber, Lyft, etc.
 
2017-03-19 08:23:34 AM  
So the operating theory is that address A has much lower insurance premiums that address B even though the commercial vehicle is being operated in the same area (and assuming the commute from address A adds negligible risk).

Totally legit for an owner to actually live at address A, be charged lower premiums, and still operate the vehicle in a higher risk area.

Illegal for an owner to just use the address as a payment address, be charged lower premiums, and still operate the vehicle in a higher risk area.
 
2017-03-19 12:47:20 PM  

clkeagle: mrlewish: Funny, it works for corporations.

"That makes me smart."


Cheeto supreme would be in York County, SC.

/finds it amusing to look at GMaps, see how the cross-property buildings are in SC and the parking lots are in NC
 
2017-03-19 07:15:54 PM  

Kevin72: The insurance company couldn't take action directly against something so obviously fishy? This time, business was protected by state government. But 45's attempts to dismember the EPA, NPR and God knows what else ok that is all.


You might note that the article doesn't mention who initiated the complaint. The insurance company probably noticed the number of people at one address and forwarded it to the cops. Happens all of the time with insurance fraud - it's not like the police would even notice it without a lucky break.
 
2017-03-19 07:58:08 PM  

cirby: Kevin72: The insurance company couldn't take action directly against something so obviously fishy? This time, business was protected by state government. But 45's attempts to dismember the EPA, NPR and God knows what else ok that is all.

You might note that the article doesn't mention who initiated the complaint. The insurance company probably noticed the number of people at one address and forwarded it to the cops. Happens all of the time with insurance fraud - it's not like the police would even notice it without a lucky break.


Always follow the money.
 
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