Abuse of the U.S. legal system and social inflation significantly increase loss costs for casualty insurers, challenging loss ratios and reserve adequacy.
A jury in San Bernardino awards substantial damages to two sisters after their insurance company failed to adequately compensate them for flood damage.
In a significant ruling, the Kentucky Court of Appeals decided a Lyft driver could not collect underinsured motorist benefits from Lyft or her personal auto policy.
At Wegmans, AI technology has slashed litigation rates and improved response times in workers’ compensation claims, leading to faster, more effective treatment.
The City of Miami General Employees’ Retirement Trust has initiated a class action lawsuit against Globe Life, citing serious allegations of fraud and workplace misconduct.
Chubb, the insurer for Baltimore’s Francis Scott Key Bridge, is set to pay out $350 million following the bridge’s catastrophic collapse, which resulted in significant economic and human losses.
In a landmark decision, the Colorado Supreme Court ruled that the notice-prejudice rule now applies to first-party homeowners’ insurance, impacting claims and policy conditions.
