Claims / Legal
NJ Gun Carry Law On Hold For Now
Suggesting that New Jersey's recent concealed carry law infringes on the public's Second Amendment rights, a federal judge on Monday put a temporary hold on the legislation drafted after the U.S. ...
How to Accelerate Hurricane Response With Proactive Claims Management
With global floods, heat waves, drought, wildfires and tornadoes, Summer 2022 was one for the record books. And there was no reprieve in the months that followed.
State Farm's claims handling process is the subject of a new lawsuit alleging disparities between the insurer's treatment of claims from Black policyholders versus claims ... Do some Florida property insurance companies hire independent adjusters to inspect property claims, then routinely alter their inspection reports to reduce estimated ...
No Ransomware Cover in BOP Policy, Ohio Supreme Court Rules
A businessowners insurance policy did not provide coverage for software damaged by a ransomware attack because there was no direct physical damage or loss, the Ohio Supreme Court ruled. "Computer ...
CEO Viewpoint: Social Inflation Creating Friction Between Insurers, Policyholders
Social inflation has been a much-talked-about term in the insurance industry recently, but Heather Wilson, CEO at CLARA Analytics, says a lack of awareness among consumers is creating friction ...
Tequila, Footwear Attract Cargo Thieves
In an announcement released about a week before the Christmas holiday, Verisk's CargoNet reported that extremely elevated supply chain theft activity was expected to continue into the holiday season ...
Progressive Reports Favorable Ian Development
Insurer Progressive reduced its estimate of gross loss and loss adjustment expenses for vehicle and property claims related to Hurricane Ian by $400 million, pushing the total down to $1.6 billion. ...
Lawsuit Against State Farm Alleges Racial Discrimination in Claims Handling
Independent Adjusters Charge Florida Insurers With Doctoring Damage Estimates
Increase in Car Accidents? Blame Weather, Time of Day—Not Pot Decriminalization
Actuarial research released last week suggests that marijuana decriminalization is not associated with a notable increase in traffic accidents or accident severity. Temporal patterns of human ...