Collision repairers and policyholders might have an easier time collecting and being made whole for necessary repair procedures following court actions this year against State Farm in a bad-faith contract case.
A San Diego superior court judge upheld the California Insurance Commissioners order to State Farm to reduce rates for homeowners and renters insurance.
The Supreme Court on Tuesday upheld a jury verdict that found State Farm defrauded the U.S. government when the insurance company assessed damage caused by Hurricane Katrina along the Gulf of Mexico coast in 2005.
It took six years, but a federal jury in a Florida court has determined car insurance giant Geico acted in bad faith when it didnt fully settle a claim with the family of a woman who died in a road rage accident.
Blockchain technology is "revolutionary" for a lot of industries, including insurance. Thats according to the Blockchain in Insurance: Progress and Plans report from SMA partner Mark Breading, released this month.
The social media world has been awash with news stories about fake news going viral on Facebook and Google. The slugfest that was the 2016 US election opened a window for opportunistic writers to invent news that some people wanted to hear but did not necessarily have any basis in truth.
New risks such as cyber incidents and data privacy, rising regulator and shareholder activism and the influence of third party litigation funders are putting corporate leaders under more pressure of falling foul of investigations, fines or prosecution over alleged wrongdoing, according to a new risk report by Allianz Global Corporate & Specialty (AGCS), a leading provider of Directors and Officers (D&O) insurance globally.
Wells Fargo & Co. wants a federal court judge in Utah to order that customers suing the banking giant over improper sales practices submit their claims to binding arbitration.
What personal data should insurers be allowed to use to price premiums? This question has been raised in New York, as a regulator is said to be considering prohibiting auto-insurers from using consumers occupations to price their policies.
Acting upon a petition from the Consumer Federation of California (CFC), California Insurance Commissioner Dave Jones has ordered State Farm to refund homeowners insurance policyholders $104 million and reduce rates going forward.
Insurers historically have sought to obtain independent property adjusting services to balance better, faster, and cheaper outcomes. In years past, “balancing” was understood to be the operative word.
From the invention of the phonograph to long-playing records, eight-track tapes, compact discs, and MP3s, weve experienced music by owning it. We bought it, organized it, and chose what to play.
One of the largest federal lobbying bodies for the property/casualty industry does not take a position in presidential politics, but at least one among its leaders believes either outcome of the 2016 contest will be a mixed bag for the insurance business.