Michigan State Police said 150 vehicles were involved in a highway pileup Saturday, leading to 16 people being transported to area hospitals, none with serious injuries.
A new antitrust class action has been filed against Tesla accusing the company of unlawfully curbing competition for maintenance and replacement parts, which the lawsuit claims has resulted in exorbitant prices and long wait times for repairs.
When insurance adjuster Jordan Lee entered the cream-colored house battered by Hurricane Ian, the smell from the rain-soaked carpet made it hard to breathe. Piles of pink insulation covered the worn, white couches, he recalled, and poured from the collapsed ceiling, left gaping from the storm’s 150 mph winds
Financial institutions, including Insurers, are considering the potential impact of the Silicon Valley Bank’s (‘SVB’s’) insolvency. SVB and its parent holding company have provided funding and debt financing to InsurTech Insurers and other venture investment firms.
The record global natural catastrophe losses between 2017-22 are a ‘wake-up call’ for the industry to ‘better assess, manage, and transfer’ the risks of future climate-related events, saids Mohsen Rahnama, CEO of Moody’s RMS.
Apartment buildings were evacuated Wednesday after a landslide in San Clemente that left the rear of the buildings on the verge of collapsing down a steep hillside.
Considering the pivotal role played by insurers, all data must be given accurately and all processes compliant. So, insurers must be able to count on the effectiveness and stability of their operations--and robotic process automation can help.
Ohio filed a lawsuit against railroad Norfolk Southern to make sure it pays for the cleanup and environmental damage caused by a fiery train derailment on the Ohio-Pennsylvania border last month, the state’s attorney general said Tuesday.
An insurance company is being sued by customers who claim they were unpaid on claims because the carrier deducted labor depreciation from their payouts. Illinois residents Betty and Daniel Grawe filed a class action complaint against Trumbull Insurance Co. last month, claiming it shortchanged them on a property damage claim from May 2021.
Louisiana State Insurance Commissioner Jim Donelon announced Tuesday that he will not seek re-election. The move comes as the state faces an insurance crisis with some major insurance companies withdrawing from writing policies in Louisiana, in large part due to several strong hurricanes causing billions in damage.
Signature Bank (SBNY.O) and three former top executives were sued on Tuesday by shareholders who accused the New York bank of fraudulently proclaiming it was financially strong a mere three days before it was seized by a state regulator.
The National Insurance Crime Bureau (NICB) has applauded the Florida House Judiciary Committee and the Senate Committee on Banking & Insurance for passing two significant bills aimed at reducing insurance lawsuit abuse.
