Claims News Recap
June 4th - 8th
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Friday, June 8th, 2018
A South River, NJ, law student was found guilty of insurance fraud for making fraudulent claims with Liberty Mutual. MaCaulay Williams, 44, was deemed guilty of one count of insurance fraud in the third degree and one count of attempted theft by deception in the third degree for falsely filing a claim with his insurer...
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Thursday, June 7th, 2018
In Florida, discussion about hurricane insurance often focuses more on what isn’t covered than what is covered. Did water rise up through your sliding glass door and damage your wood floor and drywall? Sorry, you need flood insurance for that. Damaged roof tiles didn’t exceed your $6,000 deductible?...
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Wednesday, June 6th, 2018
A slow-moving flood of lava destroyed hundreds of homes in the southeast area of Big Island, turning what had been a scenic bay dotted with beach homes, lush greens and turquoise waters, into a dark slab of steam and lava. By Tuesday morning, the lava had completely filled Kapoho Bay...
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Tuesday, June 5th, 2018
On March 26, 2018, the Washington State Court of Appeals held in a published and binding decision that an individual insurance claims professional may be liable for bad faith and Consumer Protection Act violations. This is a first decision of its kind in Washington, and could affect the national legal landscape of claims professional evaluations...
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Monday, June 4th, 2018
Months post-Hurricane Maria, life on Puerto Rico still hasn’t returned to normal with parts of the island lacking power, and water systems that have not yet been restored. The storm exposed the limitations of the insurance sector on the island as many insureds experienced delays in the claims process, which has left room for a new blockchain-powered solution to enter the market...
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