Claims / Legal
1 in 10 U.S. Homes Impacted by Nat Cats in 2021: CoreLogic
CoreLogic, a property information, analytics and data-enabled solutions provider, reported last week that 14.5 million single and multifamily homes were impacted by the largest natural catastrophe ...
Tesla ‘Phantom Braking’ Prompts New NHTSA Probe
Auto safety regulators in the U.S. have launched another investigation of Tesla, this time tied to complaints that its cars can stop on roads for no apparent reason. The government says it has 354 ...
Windstorm Coverage Doesn’t Include Flood Damage: 5th Circuit
An insurance policy that lists named windstorms among the covered perils doesn't cover flood damages caused by Hurricane Harvey even though flooding wasn't specifically excluded, a panel of the 5th ...
Court Siding With Merck Over War Exclusion for Cyber Attack a Warning to Insurers
Last month the Superior Court of New Jersey ruled insurers cannot use a policy exclusion to avoid covering about $1.4 billion in damages Merck & Co. said it suffered from a spring 2017 cyber ...
Colo. Supreme Court the Latest to Decide if Claims Adjusters Can Be Held Personally Liable
For the third time in three years, a state supreme court is being asked to decide whether a claims adjuster can be held personally liable for bad faith. The Colorado Supreme Court on Jan. 11 heard ...
Climate Change Litigation: Why Better Disclosure Is Vital as Cases Rise
Climate change is one of the greatest challenges we currently face. As the situation escalates, nations and corporations are increasingly being held accountable for their actions (or lack thereof) to ...
Data Points: Attorney Impact on Commercial Auto Losses
Commercial auto insurance loss severity rose about 5 percent per year during the five-year period ending 2019, as the proportion of claims that had attorney involvement increased to nearly 30 ...
Why ADAS Drives Claims Severity Higher (It May Not Be What You Think)
When auto insurance executives talk about claims severity trends across the industry, a common theory they advance is that repairs on vehicles with expensive advanced driver-assistance systems ...