subrogation News
The Latest Launches: Chubb, Zurich, FM, QBE NA and More
The biggest news of this year's Berkshire Hathaway annual meeting came during the last few minutes, when Chair Warren Buffett made a surprise announcement that he would recommend the CEO reins be ...
LA Fire Investigation Will Take a Year or More, Edison CEO Says
The probe into the deadly Southern California Eaton fire is likely to take a year or more as authorities examine Edison International's utility equipment as the possible cause, according to the ...
Allstate Insurers Sue Hyundai, Kia to Pay for Claims From Defective Cars
A group of subsidiaries of Allstate have filed a subrogation suit against Hyundai and Kia to get back costs paid to insureds for damages when their cars suddenly erupted in flames. According to the ...
Maui Judge Agrees to Seek State Supreme Court Insight Into Ruling Limiting Insurers’ Subrogation Rights
The Hawaii Supreme Court will be asked to weigh in on an issue that threatens to thwart a $4 billion settlement in last year's devastating Maui wildfires. Judge Peter Cahill on Maui agreed Friday to ...
Ruling Bars Insurers From Pursuing Defendants in $4B Maui Wildfire Settlement
A Maui judge's ruling Tuesday resolves a critical roadblock to finalizing a $4 billion wildfire settlement: Insurance companies who have paid out more than $2 billion in claims can seek reimbursement ...
State Farm Seeking $1.5M From Owners of Collapsed NYC Garage
The collapse of a New York City garage in April was caused by the negligence of the owners of the building, according to their insurer, State Farm, which is suing them to recover $1.5 million in ...
How AI Estimating Helps Auto Insurers in Inflationary Times
According to Jimmy Spears, head of automotive at InsurTech Tractable, "Speed is everything" in auto claims adjusting. "Nothing gets cheaper over time," he said during a recent interview, addressing a ...
Florida Power & Light Class Action Opens Door to Subrogation, Future Storm Claims
A Miami judge's certification of a lawsuit against Florida's largest utility company as a $10 billion class action, with damage claims from more than 4 million people who lost power in Hurricane ...