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The plaintiffs intend to file a bad-faith suit in the case after their insurance company repeatedly refused to tender its policy until shortly before trial.
RWI helps facilitate smoother transactions by transferring transaction-related risks to insurance carriers.
Through the first half of 2023, private workers' comp carriers had a 47% combined direct loss ratio.
Insurance technology news from Send Technology Solutions, Trean Insurance Group, Bond-Pro, and more.
The convenience and affordability of motorized scooters, mopeds and e-bikes also comes with a price in the form of injuries, sometimes fatal.
The contractor underreported payroll by nearly $1 million to lower his workers' comp premium.
Incorrect roof age data is a significant concern for P&C insurers, costing $1.3 billion per year in premium leakage, according to CBIZ.
A law firm initially proposed a $100,000 settlement and alleges the insurer concealed a $500,000 death-claim limit.
High winds from these storms reportedly cut power to more than 250,000 customers across the south on Wednesday.
The April 9 release outlines concerns over bias and transparency in AI-supported decisions, particularly in underwriting.