The question of why people continually sue property insurance companies is a perplexing one. The simple answer to this question which keeps claims and litigation managers at property insurance companies awake at night staring at the ceiling is that it’s …
Despite a rash of deadly train crashes, the railroad industry’s allies in Congress are trying to push back the deadline for installing technology to prevent the most catastrophic types of collisions until at least 2020, half a century after accident …
Texas Supreme Court Puts an Exclamation Point on its Prior Case Two recent decisions from the Texas Supreme Court establish that there is no common law bad faith in Texas regarding workers’ compensation claims. The Texas Supreme Court in Texas …
46 percent of claims are being overpaid by an average of $19,000 In his book, The Flaw of Averages, author Sam Savage explores how the widely used statistical concept of “averages” can wreak havoc on our forecasting and decision making. …
New York state’s highest court on Thursday said a trial must determine whether Travelers Cos deliberately structured a nearly $1 billion asbestos settlement to force its reinsurers to pay more than their fair share. The ruling, the latest development in …
A rising tide of first-party bad faith decisions is defining the contours of the bad faith cause of action. Recently, three courts have found first-party insurance companies liable for bad faith claims handling. However, there are also two recent bad …
A federal court of appeals found in favor of Liberty Mutual in a case that dealt with whether the carrier acted in bad faith upon refusing to reimburse defense costs in two underlying lawsuits against its insured. The underlying case …
The Insurance Fair Conduct Act has increased litigation and settlements resulting in $190 million in higher homeowners insurance costs over two years, according to a new study released by the Insurance Research Council (IRC). The IRC study examined the impact …