The insurance company, which has more than 32,000 policyholders, has been ordered to liquidate.
In a highly anticipated decision, the court held that a Colorado law that allows claimants to collect double coverage if a claim is unreasonably denied or delayed does not allow plaintiffs to hold claims adjusters personally liable.
California notice to insurers doing business in the state to immediately divest of financial holdings in Russian property or assets to show solidarity support to Ukraine.
Under one plan, deductibles wouldn't apply if roofs are damaged in named hurricanes, homes are total losses or roofs can be repaired without being replaced.
With an increase in mold claims, adjusters need to balance the need for mitigation and remediation against protecting the scene for an appraiser.
"The homeowner never authorized the work, and People's Trust told her that she was in breach of the insurance contract," according to the ruling.
A brief explanation of what contractor fraud is and how it affects the insurance industry
A brief explanation of contractor fraud.
The seventh of several parts of an analysis of the updated Homeowners - Special Form March 2022 edition. Conditions Section I are discussed, ending the discussion of Section I of the policy.
Supposed contractor gets caught spending insurance proceeds.