Philadelphia Insurance Companies said it is been vindicated in its investigation and denial of a fraudulent claim filed by an East Texas motorist for the 2009 crash of his Bugatti Veryon, following his guilty plea this week in the case United States of America v. Andy Lee House.
The Bala Cynwyd, Pennsylvania-based insurer mentioned it had committed in depth resources more than the previous 4 years to fight the $ 2.2 million fraudulent claim filed by Andy Lee House of Lufkin, Texas, for the intentional destruction of the luxury sport auto.
The 2009 crash, which was captured on video by a passing motorist and viewed more than 5 million instances on YouTube, drew national consideration. Philadelphia Insurance mentioned its claims investigators had suspected fraud from the beginning and steadfastly denied the claim.
Authorities said House initially claimed that he was reaching for his cell telephone when the vehicle swerved into water close to Galveston, Texas. The salt water flooded the engine, ruining the Bugatti.
Philadelphia Insurance coverage stated it commenced its investigation, secured witness statements, and received an anonymous get in touch with relating to the scheme created by Property to destroy the car in exchange for the insurance coverage proceeds.
In lieu of settling the claim, Philadelphia Insurance coverage filed suit in 2010 in the U.S. District Court for the Southern District of Texas looking for to not only rescind the insurance policy issued to Property, but also sought damages for breach of the insurance coverage contract and fraud.
The insurer mentioned the FBI in the end got involved and filed a federal lawsuit against House, resulting in his guilty plea on August 26 to wire fraud. Property faces up to 20 years in federal prison and the U.S. Lawyer in the case has recommended that he pay restitution to Philadelphia Insurance coverage.
“We owe a wonderful deal of thanks to the witnesses who provided video and statements, which permitted the truth to come to light, as nicely as to federal and neighborhood enforcement for their investigations,” stated Bill Benecke, executive vice president and chief claims officer at Philadelphia Insurance coverage.
“Fraudulent claims adversely impact all of our clients and it is our fiduciary duty as an insurance coverage carrier to safeguard our policyholders,” Benecke mentioned.
Supply: Philadelphia Insurance Businesses
Philadelphia Insurance coverage Vindicated in YouTube Bugatti Crash Case
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