You, the insurance company, have paid out money to the insured as the result of some negligent third party’s conduct. Now you must decide whether, and how, to recover that money from the third party. This is subrogation.
The holidays were fast approaching when the owner of a west suburban attorney referral service texted a Chicago police officer in December 2016 asking to step up the pace of their bribery scheme, according to federal authorities.
As billion-dollar hurricanes pummel the coasts, insurance carriers are facing a category 5 operations challenge: a snowballing claims-intake challenge. When hurricane season began this year, carriers were still sorting out claims from 2017’s mega-storms, Harvey, Irma and Maria. Then Florence and Michael hit, adding to the backlog.
The tally of insurance claims paid after recent hurricane Michael’s impacts on Florida has increased by almost 28% in a week to reach $2.6 billion, according to the latest data from the regulator for the state.
A Kia Stinger recall is needed to prevent the cars from catching fire, something that has already occurred with at least one vehicle.<br />More than 16,000 model year 2018 Kia Stingers have wiring harnesses in the engine and passenger compartments that can make contact with burrs on the fender body panels.
A dark plume was clearly visible around southwest Santa Rosa on Saturday afternoon after a fire broke out at a large industrial building and destroyed at least two businesses, fire officials said.
A Milton woman is charged with fraud/making a false insurance claim and theft by deception for trying to collect insurance by lying about a vehicle fire.
A picture is worth a thousand words, but what about a selfie? A group of women in Yekaterinburg, Russia, may find out soon after one of them tried to take a selfie on October 27 and accidentally knocked over a structure at the International Arts Center Main Avenue.
Nearly three years ago, CLM began the process of creating the Universal Claims Certification (UCC) for states that license claims professionals. The goal was simple: Create one educational standard to rule them all.
A wrongful death lawsuit has been filed in a 2017 gas explosion that destroyed a Lancaster County home, killed one utility worker and injured two others.
A 9,000 square foot home exploded Sunday in Gladwyne, Pennsylvania. "Our whole house shook, we’re about a mile or two up the road. We didn’t know what it was, some kind of explosion," said one neighbor who heard the blast.
The man Twin Cities Community Hospital in Templeton hired earlier this year to be its chief nursing officer allegedly murdered his wife, a successful lawyer with a $1 million life insurance policy, in attempt to collect large sums of money that would allow him to continue living a luxurious lifestyle, which included expensive cars and multiple mistresses, according to a lawsuit filed this week in Florida.
Titans of industry, such as global insurance brokerage Marsh and Aon, have already recognized the potential in blockchain and now, more companies are jumping on board to push the application of the technology in insurance even further.
Tuesday’s midterm Election Day is filled with fascinating races coast to coast — from the Florida gubernatorial contest to the Texas Senate race, with control of Congress hanging in the balance. Not as many people are paying attention to the expected turnover among state insurance commissioners.
