Analysis

"The majority's failure to recognize this ambiguity will result in a financial burden on insureds of limited economic means," Justice Jorge Labarga wrote.

In 2023, insurers in the Asia-Pacific region will continue to combat their exposure from risk related to the ongoing war in Ukraine, GlobalData says.

Ten amicus curiae briefs have been filed to offer the court points of view on the significance of the issue.

Sloppy investigations, premature denials and failure to act in a timely manner can result in waiver and hamper the insurer's rights.

An overwhelming number of factors has created an increase in the number of claims to be subrogated.

McKinsey expects that one-fourth of the processes in the insurance industry will be automated by 2025 through the usage of artificial intelligence.