Claims News Recap
April 9th - 13th
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Friday, April 13th, 2018
Newport Beach law firm Allen, Flatt, Ballidis & Leslie announced today that an Orange County jury has found GEICO Indemnity Insurance Co. (GEICO) guilty of operating in bad faith and using organization-wide stalling tactics to drag out an auto insurance policy settlement with a disabled Irvine businessman for almost six years...
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Thursday, April 12th, 2018
While coastal development and climate change are increasing the risk of flooding for communities along the U.S. Gulf Coast, restoration of marshes and oyster reefs are among the most cost-effective solutions for reducing those risks, according to a new study. Published April 11 in PLOS ONE, the study compares the cost effectiveness of nature-based and artificial solutions for flood reduction...
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Wednesday, April 11th, 2018
Allstate has lost its previous coveted spot in the auto insurance market. The insurance company had previously been in third place in the country. That said, the National Association of Insurance Commissioners (NAIC) released data showing the provider’s downward slide. Allstate was the third auto insurance company in the United States but fell to fourth place...
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Tuesday, April 10th, 2018
Monday marked six months since the first full day of the firestorm that destroyed entire neighborhoods in Napa and Sonoma counties. But half a year later, some families say they are still unable to move on, and they blame roadblocks from their insurance company. After NBC Bay Area reported in January on the plight of a homeowner locked in a dispute with State Farm Insurance...
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Monday, April 9th, 2018
A cannabis insurance payout has recently broken prior records in California. The Thomas Fire burned through a legal marijuana business at the close of last year (and the start of this one). The payout for the insurance claim was $1 million — higher than any previous payout in this category...
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