New Potential E&O Insurance Scam

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#1

Originally Posted By: jhagarty
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http://www.doi.state.nv.us/Press-Landmark-9-15-04.pdf

–
Joseph Hagarty


HouseMaster / Main Line, PA
joseph.hagarty@housemaster.com
www.householdinspector.com

Phone: 610-399-9864
Fax : 610-399-9865

HouseMaster. Home inspections. Done right.
#2

Originally Posted By: Blaine Wiley
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Maybe Napadow has a new M.O…


Thanks for posting that, Joe.

#3

Originally Posted By: psabados
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That would be my guess


Paul

#4

Originally Posted By: pdacey
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If it walks like a Napadow, talks like a Napadow and smells like a Napadow. It must be a Napadow. icon_lol.gif

–
Slainte!


Patrick Dacey
swi@satx.rr.com
TREC # 6636
www.southwestinspections.com
#5

Originally Posted By: Chris Butler
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Ladies and gentlemen,


this is NOT a Napadow thing.


It was a fraudulent company who has gone legitimate by having a “reputable” (and I use that word very loosely as they are very lowly rated by AM Best and a non-admitted carrier) buy their “book” of business.


Unfortunately, I have been asked not to share any more information as it is an ongoing investigation here in California and Nevada by the fraud investigation departments of both.


If you are a CREIA member, the individual involved presented this program to you during the last 2-4 months at your chapter meeting (as he visited all 33 chapters).


If you bought a policy from them contact the department of insurance for California at 916-322-5359.


In Nevada call Mary Jane at 775-687-4270 ext. 258


The company that “took” over the book also writes in Oregon and Arizona. So check if you had a policy through this company or the predecessor.


Sincerely,

–
Chris Butler


(former) Director of Membership @ FREA

#6

Originally Posted By: psisler
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Chris,


Thanks for the info.

Patrick M. Sisler

#7

Originally Posted By: jburkeson
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Deleted… icon_biggrin.gif

–
Joseph Burkeson, RPI (Hooperette)


?Anyone who has proclaimed violence his method inexorably must choose lying as his principle.?
~ Aleksandr Solzhenitsyn
#8

Originally Posted By: Chris Butler
This post was automatically imported from our archived forum.


Patrick,


you are welcome and I will be receiving some information from the Nevada fraud department this week on who is the contact for California.


Always looking to end a thread on a positive note…


Sincerely,

–
Chris Butler


(former) Director of Membership @ FREA

#9

Originally Posted By: rpaul
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E&O insurance is I think neccessary but I think it is over priced and we as the inspectors are the ones who have to suffer. I am not sure if I trust any of them. We as inspectors have to pay an extraordianry amount of money for an insurance if you make 3 mistakes as what others call a mistake you are screwed anyways. You get dropped and no one else will touch you.


I think there should also be a cop on what these insurance companies can sharge anyone for anything. Health, car, and E&O etc. I personally think 3000 - 4000 dollars a year is crazy money! Almost as bad as Malpratrice insurances. I did not realise I was a doctor! OOPPS I guess I am because I do give a House a Physical! So charge me as doctor.

Rick