HomeInsurance

Insurance

Proposed class action raises question of insurers’ obligation to pay for loss

“This issue needs to get settled in Pennsylvania as to whether or not these damages are available,” Saltz Mongeluzzi partner Patrick Howard said. Credit: Ken Wolter/Shutterstock.com A proposed class action against Progressive Insurance stands to resolve an open question about whether insurers are required to...

San Diego Storm | Will auto insurance pay for damage from rain?

Attorney says your comprehensive coverage could cover damage regardless of liability. SAN DIEGO — Monday’s storm left a lot of drivers stranded around the...

Medicare Advantage: Insurance giant Elevance sues government over one missed call and $190 million bonus hit

A single bungled phone call cost one of the largest US health insurance companies $190 million, the company is arguing in a lawsuit that highlights how dependent health insurers have become on US government programs. The US Medicare program uses a five-star rating system...

Property owners voice concerns on insurance rate hike proposal in NC – WSOC TV

RALEIGH — A public hearing was held Monday to address a proposed insurance rate hike for North Carolina homeowners, ABC affiliate WTVD reported.Insurance companies are asking for a 42% rate hike statewide and a 99% increase for property owners along the North Carolina coast.The North Carolina...

Global specialty (re)insurance sector gains investor confidence: ICMR

In a recent review conducted by Insurance Capital Markets Research (ICMR), the ‘RISX’ equity index, representing listed companies with businesses in the Lloyd’s market, has showcased robust annual returns for the year 2023. Investors have shown a renewed appetite for the sector, with the...

Berkshire Hathaway Specialty Insurance Welcomes Jess Au as Head of General Property in Asia

Based in Singapore, she succeeds Ophelia Szeto who is retiring from the role after nearly a decade with the company. “I also want to thank Ophelia for ... Source link