Insurance Claim News

Experts say that such a policy can help increase home insurance penetration which is very low in the country. Cyclones and frequent flooding in different parts of the country, leaving damaged buildings behind, have underscored the importance of a home insurance policy. Following directives from the insurance regulator, general insurance companies launched standard home insurance …

NEW ORLEANS – The owner of an offshore oil tanker that toppled Louisiana plans to use $ 25 million in insurance on the ship to pay off part of the Texas company’s debts. Lawyers for the families of the men killed in the Seacor Power overthrow in April fear less money will be available to …

Owners still awaiting reimbursement after CapMetro bus crash An Austin couple say they’re still waiting for reimbursement of out-of-pocket expenses after a CapMetro bus crashed into their backyard in April. AUSTIN, Texas – It was a Sunday morning in April around 7:30 am when Aida Vallejo heard a big boom and felt her house in …

Man whose international flight was canceled due to the COVID pandemic and his airline’s insolvency lost a dispute with his insurer and was asked to try again in 2023 if a credit voucher offered by the carrier expires . The man purchased a Mitsui Sumitomo Insurance Company travel policy in late 2019 for a trip …

Lloyd’s of London insurance and reinsurance market has taken out £ 650million in coverage from an investment bank and reinsurers to protect its central fund against large losses, FT report says . The Central Fund reinsurance agreement, or perhaps retrocession, will run for five years and come into effect from January 2021. The first £ …

Allianz Insurance has pushed back JD Williams’ counterclaim for PPI damages and increased its original claim to £ 36million. The litigation concerns a pending claim in the High Court in which Allianz challenged JDW’s attempt to seek counterclaim for the PPI payments it made to customers relating to the sale of historic insurance products. Allianz …

The construction and manufacturing industries have been among the top sectors to rely on credit to pay for their insurance, according to the latest research from Premium Credit. The premium finance provider’s latest analysis for 2019 and 2020 found that construction companies accounted for 8% of all premium credit net advances in 2020, while manufacturing …

Florida Governor Ron DeSantis enacted the latest addition to efforts to reform Florida’s property insurance market as lawmakers try to stem price hikes and curb insurance litigation that has swelled claims.Governor Ron DeSantis signed Senate Bill (SB) 76, which is his latest commitment to Florida insurance reform. This specific bill restructures the litigation rules for …

In February 2021, CNN reported on various cases where individuals who had nno unemployment benefits requested were alerted that their requests had been approved. However, many of these people never seen a dime because the hackers had stolen their information, used it to claim benefits and had it sent to their personal bank accounts. At …

Subscribe to our Policy NewsletterNY for the latest coverage and to stay informed about the 2021 elections in your district and across New York Lambda Legal’s challenge to West Virginia’s refusal to provide insurance coverage for gender-affirming surgery under its Medicaid program and health insurance program for state employees and their spouses and dependents took …