An Ontario court has ruled against an insurer’s attempt to dismiss a lawsuit in which an argument was made that the woman on the receiving end of a hit-and-run could have reasonably done more to get the driver’s information.
In a major expansion of an already sprawling FBI investigation, a federal grand jury Friday indicted 11 more people on a variety of fraud and conspiracy charges, accusing them of participating in staged accidents with 18-wheelers then filing bogus lawsuits to defraud trucking and insurance companies.
The industry has speculated for years whether and when the Centers for Medicare & Medicaid Services (CMS) would seek to enforce civil monetary penalties (CMPs) that were provided for the in Medicare Secondary Payer Act (MSP). Now, we are almost there.
Pembridge Insurance Company of Canada has a duty to defend an insured who has liability coverage under a home insurance policy in a case in which the insured got out of his car and allegedly threatened another driver in a road rage incident.
Many businesses, schools, and event centers use waivers and hold-harmless agreements as a type of security blanket or an extra layer of protection from injury claims.
In its widest sense, “no-fault insurance” is a term used to describe any auto insurance coverage under which policyholders are paid for personal injuries and property damage they sustain in accidents through their own insurance company, regardless of fault. In many ways it is like first-party coverage.
Good first-party claims practice requires prompt repair of damaged vehicles. Obviously, the time it takes to repair a damaged vehicle depends on the complexity of the claim, the nature and extent of the damages, and the availability of quality replacement parts.
Autonomous vehicles need their own space to operate, a report says, and auto executives agree that putting them on the same roads as human-driven cars in a mixed-use environment will only increase liability claims.
Chubb Chairman and CEO Evan Greenberg told CNBC on Thursday the insurance industry is confronting an event like no other when it comes to the Covid-19 pandemic. “It has no time limit, and it has no geographic bounds,” Greenberg said on “Squawk Box.”
Greta Thunberg, global climate marches, documentaries such as Love Canal, Gasland and The Devil We Know — over the last decade, pop culture and the media have been turning up the volume on the conversation surrounding climate change. Environmental insurance claims have been rising over the last few years, and according to a survey report from Willis Towers Watson, hard market conditions are also contributing to shrinking capacity.
Alcohol-detection systems that stop people from drinking and driving could prevent more than a quarter of U.S. road fatalities and save upwards of 9,000 lives a year, a new study from the Insurance Institute for Highway Safety shows.
Eberl Claims Service and US Adjusting Services have announced that they have combined their business operations. Eberl will acquire certain assets and the business of US Adjusting Services, and both businesses will operate together.
As the entire world scrutinizes the American justice system and police involvement in the deaths of unarmed black men and women, the insurance industry is in a unique place to exercise a market-based solution: Mandatory professional liability insurance for police officers.
