For six long hours on the night of February 20 firefighters in Auburn, Nebraska battled a blaze which destroyed at least 2 dozen cars at dealership Auburn Auto, many of them classics.
The size of the estimated winter storm insurance and reinsurance market loss from February’s severe Arctic freeze and the issues suffered by energy organisation the Electric Reliability Council of Texas, Inc. (ERCOT) has raised speculation over the chances of subrogation becoming a possibility for carriers.
A Kia engine fire recall has been issued for nearly 380,000 cars and SUVs even though the automaker says an "exact cause of [the] electrical short circuit condition is unknown."
The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into the 2013–2018 Toyota RAV4 after receiving 11 complaints of a fire starting from the engine compartment, as first reported by the Associated Press.
Injury and workers’ compensation cases involving slips and falls on snow and ice during winter in America’s northern states, and southern states this year, continue to be a perplexing subrogation puzzle for insurance claims and subrogation professionals.
Although I am a native Texan, I grew up in Wisconsin. Therefore, I am no stranger to cold weather or the devastating effects it can have on people and property.
Anger over Texas’ power grid failing in the face of a record winter freeze mounted Tuesday as millions of residents in the energy capital of the U.S. remained shivering with no assurances that their electricity and heat — out for 36 hours or longer in many homes — would return soon or stay on once it finally does.
At least 100 vehicles were involved in a massive pileup crash Thursday morning on Interstate 35W in Fort Worth, including several 18-wheelers, officials said. At least five people have been confirmed dead.
Owners of General Motors vehicles can take some solace knowing a recall is officially under way for the first portion of trucks and SUVs the federal government said GM must recall, due to faulty Takata airbags.
The most lucrative opportunities are often hidden in plain sight, and that is true of subrogation. Subrogation has long been overlooked as an opportunity for insurers to generate a lucrative revenue stream and improve long-term business.
“Mr. Sherlock Holmes – You could not possibly have come at a better time!” the claims adjuster exclaimed. “This vehicle accident is a typical ‘he said, she said’ situation. Both drivers claim to have had the green light and there appears to be no way to prove which driver was at fault – it is an unsolvable case!” Mr. Holmes scoffed raising just an eyebrow, “Unsolvable?”
