From the January 9, 2012 issue of National Underwriter Property & Casualty • Subscribe!

Police: Man Gave Up Own Hand for Insurance Money

Give Hu Chi-yang a hand. After all, he needs one after allegedly severing his own to collect on his insurance.

Chi-yang claims, however, that three robbers chopped his hand off, taking his Rolex and a ring when he visited China in November 2011.

The insurers, suspicious of the claim, asked Chinese police to investigate. The investigation revealed that Chi-yang had purchased two insurance policies with about $1 million in total limits in Taiwan shortly before his trip.

Additionally, a knife-shop owner identified Chi-yang as a customer who purchased a meat cleaver. The knife dealer also identified the cleaver that was recovered at the scene of the alleged crime with Chi-yang’s blood on it.

Investigators told the court in Taiwan that there was no scuffle at the location where the robbery supposedly occurred. They also noted that the cut appeared very clean, while blood located at the scene of the crime contained anesthetic.

When questioned by investigators, Chi-yang said he could not recall details about what happened when his hand was severed.

Prosecutors initially recommended his release on $23,000 bail on the insurance-fraud charge, but Chi-yang alleged he had no money. Prosecutors recommended the court keep him in detention. The court, however, reduced the amount of bail, allowing for his release.

 

Comments

Resource Center

View All »

Leveraging BI for Improved Claims Performance and Results

If claims organizations do not avail themselves of the latest business intelligence (BI) tools, they...

Top 10 Legal Requirements for E-Signatures in Insurance

Want to make sure you’ve covered all your bases when adopting e-signatures? Learn how to...

Get $100 in leads with $0 down!

NetQuote's detailed, real-time leads have boosted sales for thousands of successful local agents across the...

The Growing Role of Excess & Surplus Lines in Today’s...

The excess and surplus market (E&S) provides coverage when standard insurance carriers cannot or will...

Increase Sales Conversion with this Complimentary White Paper

This whitepaper will share proven techniques - used by many of the industry's top producers...

D&O Policy Definitions: Don't Overlook These Critical Terms

Unlike other forms of insurance where standard policy language prevails, with D&O policies, even seemingly...

Environmental Risk: Lessons Learned from Willy Wonka and the Chocolate...

Whether it’s a chocolate factory or an industrial wastewater treatment facility, cleanup and impacts to...

More Data, Earlier: The Value of Incorporating Data and Analytics...

Incorporating more data earlier in claims lifecycles can help you reduce severity payments by 25%*...

How Many Of Your Clients Are At Risk Of Flood?

Every home is vulnerable to flooding. Learn four compelling reasons why discussing flood insurance with...

Gauging your Business Intelligence Analytics Capabilities and the Impact of...

Big Data, Data Lakes and Data Swamps, How to gauge your company's Big Data readiness....

PropertyCasualty360 Daily eNews

Get P&C insurance news to stay ahead of the competition in one concise format - FREE. Sign Up Now!

Advertisement. Closing in 15 seconds.