This charming seaside village was ravaged Thursday by ferocious ocean swells that destroyed a 40-foot section of the historic Capitola Wharf, inundated the once-lively beachfront restaurants and flooded the picturesque painted bungalows that line the beach, ripping off the facade of one of them.
Several Mercedes-Benz model vehicles were voluntarily recalled over an issue that can cause the engine to stall while driving, according to the National Highway Transportation Safety Administration.
Personal injury attorney, George Constantine, and orthopedic surgeon, Andrew Dowd, were convicted by a Manhattan federal jury on Friday, December 16, for knowingly profiting from a $31 million personal injury litigation scam.
In 2022, class action lawsuits, which can create crises for companies and organizations, set new records for the amount of settlements in product liability, consumer fraud, antitrust, and other cases. The total value of the settlements exceeded $63 billion.
The US state of California is already facing flooding after torrential rains triggered by a first atmospheric river event that has driven storms and rainfall in from the Pacific, but forecasters are saying another ‘brutal’ period of wind and rain is expected to begin from Wednesday that could exacerbate the potential insurance market loss situation.
Staffing shortages, turnover and new hires led to a significant spike in workers’ comp claims in restaurants as the industry reawakened after COVID-19 lockdowns, according to a report from AmTrust Financial Services.
Insurance companies with clients who lost homes in the Marshall fire had until Friday, the one-year anniversary of Colorado’s most destructive fire, to let Colorado’s Division of Insurance know if they’re going to extend coverage of those clients’ additional living expenses to 24 months.
As another year of the COVID-19 pandemic draws to an arduous close, consumers are feeling greater economic pressure in terms of inflation. Consequently, an unforeseen yet unsurprising byproduct has evolved: a fraudulent insurance epidemic, spurred by staged and fraudulent auto accidents.
Sate lawmakers are preparing to introduce a bill in the legislature that would create a quasi-governmental program offering basic home insurance to the growing number of Colorado homeowners who say they can’t get coverage from private companies because the risk of wildfire is growing.
Every federal appellate court to consider the question so far has ruled that commercial all-risk property insurance policies do not cover income lost due to the Covid-19 pandemic, but policyholders’ lawyers say the fight is just getting started on the battlegrounds that matter the most: the state supreme courts.
A federal judge recently told 3M that it may not use ‘bad faith manipulation’ to avoid its responsibility in a slew of cases against the multinational conglomerate for its allegedly defective earplugs.
Several adjusters recently told Florida’s House Commerce Committee that insurance carriers changed their estimates on damaged houses, which the committee chairman said should be investigated by the state attorney general since that’s an accusation of fraud.
