After having been signed only a handful of days, a New Jersey statute allowing consumers to file lawsuits accusing auto insurance companies of bad faith had already resulted in one major insurer facing two of those suits.
Monday, we wrote about a proposed bill in Utah that would allow firefighters combatting fires in states other than their own to collect workers’ compensation benefits if they were injured on the job. Legislators there are running into significant headwinds, in the form of paranoid accusations that they are really establishing paramilitary services to enslave people and violate the rights of citizens.
The three largest U.S. drug distributors and drugmaker Johnson & Johnson (JNJ.N) have agreed to pay $590 million to resolve claims by hundreds of Native American tribes that the companies fueled an opioid epidemic in their communities.
It is undisputed that the claims adjuster sits in the hot seat of the workers’ compensation claims process. At the frontlines of claims management, they must balance the interests of multiple stakeholders while juggling important and often time-critical authorization decisions that impact an injured worker’s care in relation to their workers’ comp claim.
Tesla Inc (TSLA.O) will recall 53,822 U.S. vehicles with the company’s Full Self-Driving (Beta) software that may allow some models to conduct "rolling stops" and not come to a complete stop at some intersections posing a safety risk.
Parametric insurance is often bought as a complement to indemnity insurance, but newly announced hybrid products combining parametric and indemnity insurance in the same policy will launch in 2022. These hybrid products, which represent a big shift in how parametric insurance is being sold, will be judged on uptake and effectiveness in paying out.
You can’t light them on fire. A tornado can’t blow them away. They won’t rot of mold when wet. Still, damage to intangible assets, like brand recognition and reputation, can harm a business as much as the destruction of a physical asset.
Some auto body shops appreciate insurance adjusters and their role in the collision repair industry, while others don’t necessarily feel the same way. But all seem to agree it’s a necessary job.
The nostalgia bug bit me when I heard "The Matrix Resurrections" was set to premiere at the end of December. To prepare for its release, I rewatched the prior movies. I was surprised to find that these movies captivated me in a wholly different way than when I first saw them.
Consumer Watchdog has issued a notice saying that the California Department of Insurance (CDI) has retracted its policy to delete agency email databases – days after the consumer advocate group warned the regulator that it would threaten legal action over the email disposals.
In Farm Bureau v. Dana, the North Carolina Supreme Court held that the Financial Responsibility Act requires a claimant to treat the per accident limit of coverage as the total sum that is available to all claimants entitled to a share of available UIM coverage, provided that the amount of UIM coverage available to any individual claimant is limited to the per person amount.
Global insurance and reinsurance market losses from natural catastrophes and severe weather events were almost five times the ten-year December average, as the impacts of the US tornado outbreak and Colorado wildfires continued to put the pressure on re/insurers, according to analysts at investment bank Jefferies.
When an automobile is damaged in an accident and then repaired, the resale value may be less than a comparable automobile that has not been damaged. In other words, the damage results in a reduction or ‘diminution’ in the resale value of the automobile.
