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The deal is part of an ongoing effort by insurers to forge innovative partnerships that can help bring the power of technology to insurance services worldwide.
Bedrock Leasing Corp. filed its complaint to collect on part of the $10 million policy it held with Lexington Insurance Co. after a contractual two-year window for doing so had expired.
A wear and tear exclusion will not apply to mold or water damage sustained as the result of a qualifying event. Humidity damage caused by general living conditions is another story.
If your state is on the ASCE's 'worst roads in the U.S.' list, you should review your client's auto insurance coverage. Hazards include broken axles and cracked windshields.
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