Lloyd’s of London underwriters must pay more than $3 million in pre-judgment interest in addition to the $10 million the syndicate has already paid in damages for the wrongful acts of the former directors of a bank that was declared …
The driver of the 2021 Toyota Sienna said he crashed because another car bumped the rear of his vehicle while passing on the right, causing him to lose control. It was the wrong car for lying about the cause of …
A public adjusting firm that was cited by regulators in both Texas and Louisiana for allegedly pocketing insurer payouts has also received cash advances from financing companies over the past several months, documents obtained by the Claims Journal show. At …
Clearly, Admiral Insurance Co. did not want to assume any risk in the New York City area. The insurance policy Admiral issued to Richfield Window Coverings excluded coverage “in any way connected with” operations or activities in the nine counties …
The Texas Department of Insurance says a public adjusting firm that was sanctioned last month by Louisiana regulators has pocketed more than $300,000 in insurer payouts intended for Texas property owners. TDI is asking the Texas State Office of Administrative …
Auto claimants are waiting longer for collision repairs — 4.5 days longer this spring compared to the same period last year, according to a report released by Enterprise Rent-a-Car. Enterprise extrapolated repair times by tracking the average length of collision-replacement …
The South Carolina Supreme Court on August 10 became the fourth state high court in the nation to rule that the virus that causes COVID-19 cannot cause a direct physical damage or loss covered by a commercial property insurance policy. …
Auto claimants are waiting longer for collision repairs — 4.5 days longer this spring compared to the same period last year, according to a report released Friday by Enterprise Rent-a-Car. Enterprise extrapolated repair times by tracking the average length of …
US consumers are rapidly adapting to electric vehicles, a shift away from the internal combustion engine that may change auto insurance claim characteristics. CCC Intelligent Solutions said in new report that electric vehicles made up 4.6% of new light-vehicle registrations …
The attorney who filed the first U.S. lawsuit seeking insurance coverage for a business shut down because of coronavirus won the first policyholder victory in a state or federal appellate court that interpreted the meaning of “direct physical loss or …
