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Insurers should watch for several factors that could be red flags for fraudulent claims: opportunity, incentive and rationalization.
Although the judgment affects three insurers, only Lloyd's is required to pay for now. Baylor is appealing rulings involving the other companies.
A look at why now is the time to replace actual cash value language in insurance policies.
The popular SXSW music festival in Austin was canceled in 2020, and ticket holders were unhappy with their choices of compensation.
A Florida Appeals Court upheld that an insured cannot recover damages from an insurance company if they failed to comply with the policy and failed to allow the insurer to make the necessary repairs.
The California Court of Appeal recognized that its conclusion differed from courts across the country.
Insurers have prevailed in numerous business interruption lawsuits for pandemic-related losses.
Not all recent insurance litigation is related to COVID-19. Disaster recovery and auto insurance claims are also in the mix.
Just-in-time manufacturing saved money until the pandemic shut down global manufacturing efforts.
Zurich denied the plaintiffs' claim because they had not suffered "physical loss or damage to" their buildings, the opinion said.
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