Jersey formal presentations of insurance fraud
The Director General of the Joint Committee Underwriting Association was suspended Thursday, after accusing illegally control cars in possession of the Agency, the sale of their advantage and driving without insurance.
The Director General of the Joint Committee Underwriting Association was suspended Thursday, after accusing illegally control cars in possession of the Agency, the sale of their advantage and driving without insurance.
The accusations against the general manager, Nelson D. Ealey, were Thursday by the commissioner of insurance, Kenneth Merin, based on the results of an investigation by the continuing division of assurance’s Division of Insurance Fraud Prevention. They came a month after the date of Mr. Ealey has argued that the association has succeeded in the fight against fraud.
Mr. Ealey, will be paid $ 75000 per year to manage the debt-ridden club, obtained a leave after a meeting with officials of the association, with headquarters in Livingston. It could not be reached for advice.
The Insurance Association of subsidies to the insurance of motorists and bad drivers, can not obtain coverage on the open market. It has a postponement of debt of $ 2.5 billion and debt was partly for New Jersey’s skyrocketing auto insurance rates an average of almost $ 1000 per year. A “links”
Louis Parisi, chief of the division of fight against fraud, said the investigation focuses on at least 1500 other cars in possession of the association, two insurance companies and rescue, the owner of a farm.
In a press conference Thursday, said Parisi began its consideration of approximately eight weeks and indices can be proved that Mr. Ealey”hatte a relationship with einem”nördlichen New Jersey, was responsible for rescue for the storage of stolen cars that were recovered. The cars would be sold or made and earnings have been allocated to the Joint Committee Underwriting Association. The cars were in possession of motorists insured by the association.
Mr. Parisi said that Mr. Ealey uses the relationship, the control of a Cadillac, Lincoln Continental and the end of the three other models of cars, and he has sold part or all of these vehicles, a factory to a relative. 1500 $ 16000 $ for a self-Merin, M. and M. Parisi said that Mr. Ealey sell a car at a price unknown, and that the vehicle was eventually sold to Arizona for twice what Mr. Ealey, he had sold. Mr. Ealey paid $ 1500 for a car, which had a value of $ 16000, “said Parisi, and added that fraud, the Division of stories about 1500 cars, sitting in northern New Jersey salvage yard.
He said there were because at least two insurance carriers, one of whom agreed to rig the records show that Mr. Ealey, was driving a vehicle without insurance was covered.
An independent review of the association is made to determine if insurance companies, agents or motorists are defrauding. A number of legislators, officials and motorists believe fraud is widespread debt for the Agency to serious debt.
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