A couple will receive nearly $1.2 million to settle their lawsuit against a Molokai condo association. Jim and Nancy Bevill claimed they became targets for abuse after attempting to elect new board leaders for the Ke Nani Kai Condominium. Two …
Yes, those “pay as you drive” programs used by insurance companies to record your driving habits sometimes can be used to accurately infer your destination — a long-time concern of privacy advocates. That’s what four University of Denver computer scientists …
The insurance industry must be prepared for future market challenges, the quickening pace of customer-driven commerce and the continuing spread of the digital economy, says Ovum. According to the independent global analysts, insurers can improve their competitive position by implementing …
A series of new laws that take effect this week regulate how Michigan insurance companies can use a person’s credit information. The laws passed last session went into effect yesterday. Under one of the measures, insurers can’t use people’s credit …
Insurers would be able to consider someone’s credit score when renewing personal insurance policies under a bill in the Alaska Senate. SB55, from the Senate Labor and Committee, is scheduled for its first hearing Tuesday. Currently, insurers can consider credit …
According to the U.S. Chamber of Commerce, Superstorm Sandy affected 16 states causing unprecedented damage to the East Coast. As a result of the storm, businesses have pledged more than $123 million to support recovery efforts, with two thirds of …
There is a growing trend among state courts to interpret the made-whole doctrine in ways that have the potential to make it difficult for insurers to effectively exercise their subrogation rights. In recent years, state courts’ decisions have increasingly created …
Workers’ advocates claim injured Hawaii employees can’t get fair evaluations from doctors hired by employers or insurers. The Honolulu Star-Advertiser reported Monday critics say the system is unfair by allowing employers or their insurance carriers to shop around for doctors …
U.S. insurance consumers want their insurers to offer more personalized service and reward customer loyalty, according to Ernst & Young’s Global Consumer Insurance Survey 2012. The survey also finds that consumers of life/annuity and property/casualty policies are willing to buy …
The Florida Supreme Court says insurers don’t have to pay customers’ legal costs when they’re sued and lose. Plaintiffs’ lawyers say the Thursday decision will have a chilling effect because attorneys won’t want to take cases against insurance companies. The …