article thumbnail

State Farm VP Apologizes to Homeowner While Allstate Exec Gets Grilled at U.S. Senate Hearing

Insurance Journal

It’s not just some Florida-domiciled insurance carriers that have allegedly altered field adjusters’ reports or low-balled property damage estimates in recent years. It’s also major national insurers, according to adjusters and policyholders who spoke at a recent U.S. Senate hearing …

article thumbnail

Insurer Can’t Sue for Unjust Enrichment by Deceptive Insured, Appeals Court Says

Insurance Journal

A decision by a federal appeals court last week shows what limited options insurance carriers have when they discover major misrepresentation by the insured long after claims have been paid. 11th Circuit Court of Appeals last week found …

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

The global economy is increasingly interconnected, and even in industries like insurance, global issues like supply chain challenges, tariffs, and trade agreements can have significant impacts. While the relationship between tariffs and insurance costs can seem unrelated, tariffs can increase costs for insurers and policyholders.

article thumbnail

Happy 4th of July from Merlin Law Group

Property Insurance Coverage Law

Established in 1985, Merlin Law Group is a insurance litigation law firm committed to assisting policyholders receive fair and just outcomes from their insurance companies. Don’t fight insurance companies on your own. Contact us today! All rights reserved.

article thumbnail

How the Mandatory Right to Appraisal Law Affects Your Auto Insurance

Paragon Independent Insurance Agencies

The bill mandates all auto insurance carriers to include an appraisal provision. This provision offers a third-party, independent, and neutral option to determine the amount of loss when the insurer and policyholder cannot agree on a number. Senate Bill 458 became law on June 20 and takes effect on September 1.

article thumbnail

Navigating the Turbulent Waters of Casualty Insurance: Insights from Industry Experts

Zywave

.” If you don’t have the opportunity to check out the full webinar, read on for key insights from the discussion and actionable advice for insurers, brokers, and policyholders. While it’s critical insurance carriers, brokers, and policyholders understand the market, its just as important they know what to do about it.

article thumbnail

Human Needs Drive Insurance and Should Drive Tech Solutions

Triple-I: Homeowners Insurance

Role of telematics Usage-based insurance, for instance, allows insurers to tailor auto rates based on the policyholders driving behavior, tracked by telematics. The success of these devices has spurred numerous insurance carriers, including Nationwide, to pay for and distribute them to customers.