Under a claims-made-and-reported insurance policy, an insurer may disclaim coverage if the insured fails to report a claim made against it to its insurer during the policy period (or extended reporting period).
Ten members of an auto theft and distribution operation were indicted for their roles in the theft and/or criminal possession of 45 vehicles during a six-month period and their roles related to the theft and resale of more than 225 vehicles throughout New York City and Westchester.
After being pummeled by two tropical storms that submerged basements, cracked home foundations and destroyed belongings, Northeastern U.S. residents still in the throes of recovery are being hit with another unexpected blow: Thousands of families are now swamped with financial losses because they didn’t have flood insurance.
Most of those caught off guard by the intense downpours from the remnants of Hurricane Ida and Tropical Storm Henri lived in areas outside of coastal floodplains, making flood insurance an afterthought for most of the working-class families whose neighborhoods were among the hardest hit.
"When we called the insurance company, the first thing they told us is that they don’t provide any assistance for anything that’s caused by a storm. And they left it at that," Amit Shivprasad said, his rising voice echoing frustrations shared among his neighbors in the Jamaica section of Queens.
On July 9, 2021, New York City’s Biometric Identifier Information law went into effect, implementing a host of regulations regarding the collection, use, and sale of biometric data by commercial establishments in the five boroughs.
New York State officials, bracing for a rush of insurance claims after record-breaking rain submerged large parts of New York City, are urging insurance companies to expedite storm-related claims.
At least 22 people were killed as the remnants of Hurricane Ida battered New York and New Jersey with tornadoes, record rain and flooding that left the area deluged and under states of emergency on Thursday.
The US Justice Department has announced that two lawyers and two surgeons in New York have been indicted on mail- and wire-fraud charges, for their alleged role in a complex $31 million insurance fraud scheme involving staged accidents that spanned five years.
A wealthy Park Avenue cardiologist and his wife are having an art attack — because their insurance company refuses to reimburse them for $1.5 million in stolen artworks, according to new court papers.
After several days of uncertainty and wild swings in forecast models, confidence is increasing in a large tropical system making landfall in the northeastern United States this weekend.
Saturday afternoon’s tour bus crash on the New York State Thruway prompted a regional emergency response from Central New York hospitals, medical officials said Sunday.
A proposed class action suit has been filed against the Progressive Corporation in New York federal court accusing the insurer of underpaying total loss claims by applying an arbitrary and deceptive valuation adjustment.
The insured loss to onshore properties from Hurricane Elsa will be around $290 million -- $240 million in the US and $50 million in the Caribbean, according to catastrophe modeling firm Karen Clark & Company (KCC).
Insurance giant UnitedHealthcare is cracking down on unnecessary emergency room visits with a new policy starting July 1 that the American Hospital Association says will jeopardize patients’ health and threaten them with financial penalties.