Content from Jim Sams
Appeals Court First to Rule in Favor of Coverage for COVID Shutdown
The attorney who filed the first U.S. lawsuit seeking insurance coverage for a business shut down because of coronavirus won the first policyholder victory in a state or federal appellate court that ...
Federal Court in Delaware Requiring Disclosure of Litigation Funding Agreements
Insurers are applauding a decision by the chief judge for the U.S. District Court in Delaware to require parties to disclose whether a litigation funder has an interest in any cases brought before ...
‘Deceptive’ Denial Letter Costs Insurer Treble Damages After Appeal to 4th Circuit
The insurer first said it would pay to repair a breezeway at a student housing complex that partially collapsed during a Saturday night student party. Then it said it wouldn't and sent the ...
Insurers Found Liable for $101M Payment Into Lead Paint Abatement Fund
Taking a calculated risk by selling a hazardous product isn't the same as intentionally causing harm. For that reason, insurers must cover a court judgment that requires the company that sold Dutch ...
Consumer Group Demands Probe After NY Times Reports on Alleged Bias at State Farm
A national consumer rights group on Thursday called on state insurance commissioners to investigate racial bias in claims handling after the New York Times reported on discrimination lawsuits filed ...
Colo. Supreme Court Rules Adjuster Not Personally Liable for Denied Claim
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, the state Supreme ...
APCIA: Inflation Outpacing Premium Increases for Auto and Homeowners
U.S. insurers, already hammered by extraordinary losses caused by natural disasters, are also failing to raise premiums at a pace that matches an historic inflation rate, the American Property ...
Actuaries: Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to ...