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Insurers are in the business of risk transfer, so they should know better than most the risk involved with attorneys performing the same business function as that of a typical insurance adjuster.
Heading into September, nearly 100 federal lawsuits were filed against property and casualty insurers, according to Law.com Radar.
Counsel for an insurer gambled on an appeal pertaining to a discovery motion to produce documents she alleged were privileged — and it paid off.
Under the new law, insurers will be protected from excessive jury awards in lawsuits involving property damage or personal injury.
The bill represents the 'most extreme measures' ever taken by the state to tackle the property insurance crisis, a former state senator said.
The company has around $6.5 million in cash on hand, which it reported will be enough to maintain day-to-day operations during the bankruptcy.
Floridians pay some of the highest auto insurance premiums, and pending legislation could do away with personal injury protection.
Attorneys say the quick settlement from USAA indicates the insurer knew it would likely pay more had it gone to trial.
Health care providers claimed an ambiguous PIP policy meant their patients were entitled to full reimbursement for medical treatments.
When it comes to roofing issues, insurance investigators know that not all damage is covered.
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