Hong Kong police have raided the office of a lawyer as part of a probe into a growing number of “crash-for-cash” scams in which victims face unusually high and delayed compensation claims for minor or even non-existent traffic accidents. The move came days after the arrest of two doctors and a married couple for allegedly…
Police have arrested two doctors and a married couple for allegedly masterminding more than 20 “crash-for-cash” scams, with officers investigating over 100 suspicious cases in a fraud epidemic that has become the talk of Hong Kong. Police said on Wednesday that the three men and a woman were detained on suspicion of conspiracy to defraud….
Hong Kong police and insurers have warned motorists to be alert to road scammers seeking unusually high and belated compensation claims stemming from minor or non‑existent traffic accidents, with officers reviewing 30 such cases. Superintendent Charles Fung Pui‑kei of the commercial crime bureau warned on Tuesday that the police force had recently received reports of…
More than 1 million car accidents involving deer happen every year, with crashes peaking in the fall during mating season. The collisions kill wildlife, injure drivers and passengers, and cause billions of dollars in damage. Staying alert helps prevent collisions with deer and other animals, and the right car insurance coverage provides financial protection in…
By Jonathan Stempel (Reuters) -Berkshire Hathaway has been downgraded to “underperform” by Keefe, Bruyette & Woods, which said lower car insurance margins, tariffs, falling interest rates, smaller clean energy tax credits and Warren Buffett‘s departure will weigh on its share price. KBW analyst Meyer Shields, who had rated Berkshire “market perform,” also cut his target…