Multiple hailstorms in Texas over the second half of April are expected to result in at least 60,000 auto insurance claims, the Insurance Council of Texas reported. “Hail and windstorm claims are still coming in from almost every corner of …
The owner of a New Jersey-based insurance adjusting company was sentenced on Thursday to 32 months in prison for his role in a scheme to defraud the N.J. Turnpike Authority (NJTA) and various insurance companies of at least $900,000. Robert …
Florida’s third-party bad-faith lawsuit environment may have resulted in more than $800 million in additional auto liability claim payments in 2013. The industry-supported Insurance Research Council (IRC) in a new report estimates that this cost averages approximately $79 in additional …
A Vermont Transportation Agency foreman is facing charges he lied to police and his insurance company after reporting damage to his personal truck was a hit-and-run accident, when it was hit by a new employee. Roger Daigle, of North Troy, …
Attorney involvement in auto insurance claims is on the rise and varies significantly by state, according to an insurance industry study. The percentage of auto injury claimants represented by attorneys rose to 36 percent of personal injury protection (PIP) claimants …
Recent winter storms have already left a path of damage and power outages across the country. When a storm strikes, it’s important to know what to do if the home is damaged or if the insured gets involved in an …
Toronto-Dominion Bank, Canada’s second-largest lender, said it will take a third-quarter charge after tax of C$418 million (US$406 million) due to recent severe weather in Alberta and Ontario and to boost its reserves for auto insurance claims. The weather-related hit …
Auto insurance customers continue to be pleased with not only with their claims settlement amounts but also with how quickly their claims are being settled. Also, insurance claims adjusters are doing a better job of speeding up the claims process …
A report by the Consumer Federation of America (CFA) raises concerns that computerized claims systems used by many of the nation’s largest auto insurance companies can be easily adjusted to make “lowball” claims payments to injured motorists. The group said …
