In a recent claim investigation, a large printing press motor shorted out causing sparks and overheating of paper bales, which in turn, created smoke and soot damage on the surrounding equipment and numerous areas throughout the property. In total, the damage extended to more than 300 pieces of equipment and created over $10M of potential exposure.
GM is recalling its redesigned full-size SUV models to address improperly riveted mounts securing the third-row seatbelts that may fail in the event of an accident.
Spare a thought for Ferrari. Not its F1 team, repeatedly snatching defeat from the jaws of victory as rival Red Bull romps away with the championships, but the road car division, which is in the process of recalling nearly every car it has sold since 2005.
Pulitzer prize winning historian David McCullough once said that ‘Writing is thinking. To write well is to think clearly. That’s why it is so hard.’ When claims adjusters, subrogation professionals, and/or subrogation lawyers document a settlement or stipulation with an insured’s or employee’s attorney regarding a subrogation interest, getting all the right words in the right order is only half of the job.
There is a hole in the dam. Prior to June 14, every one of the 77 federal and 44 state court appellate decisions interpreting the meaning of ‘direct physical loss or damage’ in a standard-form commercial property insurance policy had ruled against the policyholder.
Ford has recalled 63,294 model year 2022 Broncos and Rangers for risk of windshield detachment in a crash. The affected vehicles that were produced between December 2021 and April 2022 ‘may have inadequate front windshield adhesion to the vehicle body structure,’ according to the recall notice.
Several cars of an Amtrak train traveling from Los Angeles to Chicago derailed Monday afternoon after it struck a dump truck at a crossing in northern Missouri, Amtrak announced. More than 200 people were on board the train at the time of the crash, which was first reported about 12:43 p.m. near Mendon, Missouri, according to the Missouri State Highway Patrol.
We all know that the first step of the claims process is reporting the incident. It is also key in effective subrogation identification and recovery. Often, a subrogation referral isn’t made until the claim is paid and closed, or not referred until the first payment is made.
Trial lawyers in Virginia have been trying for decades to convince that state’s courts to rule that a workers’ compensation carrier is not subrogated to non-economic damages awarded or recovered in a third-party tort action. On March 29, 2022, the latest such effort was turned away by the Virginia Court of Appeals.
Subrogation professionals might read the title to this article and wonder what subrogation and the confounding labyrinth of insurance coverage might have in common. After all, aren’t we all comfortably nestled in the subrogation world so that we don’t have to wade through endless pages of small font, state-specific endorsements, and baffling insurance policy lexicon?
Hyundai is recalling 239,000 cars in the United States because the seat belt pretensioners can explode and injure the people inside of the cars, according to authorities.
It was a wet weekend for many people living in St. Louis Park. A water main break flooded dozens of homes on and around Minnetonka Boulevard. A bad way to wake up.
