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The plaintiffs intend to file a bad-faith suit in the case after their insurance company repeatedly refused to tender its policy until shortly before trial.
Insurance technology news from Send Technology Solutions, Trean Insurance Group, Bond-Pro, and more.
The contractor underreported payroll by nearly $1 million to lower his workers' comp premium.
Philanthropic insurance news from IICF.
Incorrect roof age data is a significant concern for P&C insurers, costing $1.3 billion per year in premium leakage, according to CBIZ.
A law firm initially proposed a $100,000 settlement and alleges the insurer concealed a $500,000 death-claim limit.
High winds from these storms reportedly cut power to more than 250,000 customers across the south on Wednesday.
The April 9 release outlines concerns over bias and transparency in AI-supported decisions, particularly in underwriting.
Insurance industry news from Generali Investments Holding, Devonshire UW Limited, SageSure and more featured in weekly update.
The average cost of insuring a U.S. home last year was $1,905 — 50% higher than 2019.
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