Claims / Legal
Social Inflation Hitting the Insurance Industry Hard
Social inflation is increasing at a precipitous rate and resulting in unanticipated costs and risks for insurers. It has pushed up the cost of insurance claims at such a speed and extent that pricing ...
Viewpoint: Jury Blasts Defense With a $464 Million Nuclear Verdict
Plaintiffs' California dreamin' became a reality when a Los Angeles jury went nuclear with a verdict of $464.6 million after an eight-week trial in June. The verdict included $24.6 million in ...
Claims Management Video Solutions: An Interlude of Immediacy
It's a video streaming world. Video is a natural technology for insurers to offer customers and claimants. Various anthropological sources of our species state that our human brain is hard-wired to ...
Travelers CEO on Signs of Recession: ‘Not Yet’
With inflationary effects still hitting the books of property/casualty insurers, including Travelers, analysts are worrying about the next macroeconomic shoe to drop—a recession. But the leader of ...
Socking It To Them: Missouri Man Sues Bass Pro Over Lifetime Sock Warranty
A Missouri man says in a class action lawsuit against Bass Pro that the outdoor outfitter is refusing to honor its lifetime warranty on socks. Kent Slaughter of Springfield said that after years of ...
Jury Verdict: Tesla 1% Negligent In Fatal Model S Crash
A Florida jury found electric car maker Tesla Inc. to be 1 percent negligent in the death of an 18-year-old man whose Model S sedan slammed into a concrete wall after the car's ...
Opposing Stories from Insurers, Consumer Groups On Smoke Damage
Insurers and consumer advocates are conveying conflicting messages as both try to focus public attention on smoke damage claims. Mercury Insurance issued a press release Friday warning that an ...
Calif. Court Breaks String of COVID Biz Interruption Case Wins For Insurers
A California appellate court broke from its sister jurisdictions—as well as state and federal courts across the nation—and ruled that a hotel owner's lawsuit seeking coverage for a COVID-19 ...