Pulitzer prize winning historian David McCullough once said that ‘Writing is thinking. To write well is to think clearly. That’s why it is so hard.’ When claims adjusters, subrogation professionals, and/or subrogation lawyers document a settlement or stipulation with an insured’s or employee’s attorney regarding a subrogation interest, getting all the right words in the right order is only half of the job.
Conflict over the settlement of totaled vehicle claims remains one of our most litigated issues of the day. Typical allegations in the litigation include insurers’ failure to comply with laws dealing specifically with totaled vehicles, breach of contract, unfair claims practices, fraud, unjust enrichment, failure to provide proof that the various computer formulas used to determine a totaled vehicle’s value have been appropriately validated, and misuse of statistical methods.
The Infrastructure Investment and Jobs Act, as passed by Congress last November, authorizes $7.5 billion to help meet US President Joe Biden’s goal of installing 500,000 stations by 2030.
2022 is off to an exciting start: COVID-19 is waning. But the pandemic’s hangover looks to be long and fraught with surprises. Inflation has hit levels not seen since the 1980s.
Insurers have paid or reserved to pay $13.1 billion on all types of Hurricane Ida-related claims in Louisiana through June 30, Insurance Commissioner Jim Donelon announced today.
GEICO has closed all of its 38 California agent offices that sell auto and homeowners policies and other lines and has also ended the practice of selling insurance through telephone agents in the state.
Workers’ Compensation, as an industry, has a marketing problem. It is probably better described as a messaging problem. It has long been true that the industry has been broadly defined by the negative stories that find their way into local and national press publications and media outlets.
State insurance officials have issued a cease and desist order to an adjuster and his agency. Investigators from the Office of Insurance Fraud and Enforcement at the Louisiana Department of Insurance (LDI) issued non-resident public adjuster Kade Austen Mitchell and his agency a cease-and-desist order and notice of summary suspension on July 22, 2022, for improperly withholding, misappropriating, or converting funds received in the course of doing business.
There is a hole in the dam. Prior to June 14, every one of the 77 federal and 44 state court appellate decisions interpreting the meaning of ‘direct physical loss or damage’ in a standard-form commercial property insurance policy had ruled against the policyholder.
Paramount has reached a confidential settlement with Chubb, its insurer, over claims arising from repeated COVID-19 production delays on ‘Mission: Impossible 7.’ The studio sued in August 2021, alleging that the insurer was trying to limit its losses to just $1 million.
A wildfire in Northern California that exploded in size over the weekend has killed at least two people, forced thousands to evacuate and grown into the state’s largest wildfire this year, with lightning Monday threatening its further expansion.
On July 19, 2022, the California Court of Appeal offered some clarification on an employer’s duty to provide seating under Wage Order 7 in Meda v. Autozone, Inc. (2022 Cal.App.LEXIS 629, 2022 WL 2813819).
Once again, the U.S. led the way in the first half of 2022 with the highest level of weather-related losses, which, globally, reached $65 billion in the period, of which slightly more than 50% were covered by re/insurance, according to Munich Re.
Claims are frequently cited as ‘the moment of truth,’ and FNOL (First Notice of Loss) is where all claims begin. Now, new technology through an innovative industry collaboration on a blockchain platform is being leveraged to enable FNOL data exchange between insurers -- and eventually other claim ecosystem partners.
At least 16 people are dead following catastrophic flooding in Kentucky, Gov. Andy Beshear said Friday. That number is expected to double and includes children, he told CNN earlier, as rescuers scramble to reach areas difficult to access.
