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1 Actuaries: Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years

Feb 22, 2022 -- The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to the... read more

2 Owner's Statement About Value of Contents Sinks Claim For Destroyed Home

Feb 17, 2022 -- After his house burned down in 2015, Rick Merechka turned in a sworn proof of loss statement telling his insurance company that the replacement value of his household goods was $607,640. But in December... read more

3 So You Lost Your Porsche on a Burning Boat. Now What?

Feb 24, 2022 -- It's a car person's nightmare: The special Bentley or Lamborghini you ordered a half-year back—or more—is finally on a cargo ship headed your way. Then the ship catches fire. The nightmare became... read more

4 Porsches, Lamborghinis Lost at Sea May Cost VW $155 Million

Feb 22, 2022 -- The cargo ship carrying about 4,000 Volkswagen AG vehicles that caught fire last week could cost the automaker at least $155 million, according to a risk-modeling company's estimate. Of the roughly $438... read more

5 9th Circuit: Judge Overstepped Role by Throwing Out Fire Investigator's Report

Feb 24, 2022 -- A federal appellate court on Wednesday revived a lawsuit against the owners of an Idaho wilderness resort, finding that a district court judge overstepped his bounds by excluding testimony from a fire... read more

6 Kansas Court: Insurer had No Duty to Pay Policy Limit Before Demand Was Made

Feb 23, 2022 -- A claims adjuster's sub-standard investigation of a potential fatal accident claim does not warrant a multi-million award of damages against an insurer that issued a policy with a $25,000 limit, the... read more

7 Subaru Buyers Caught in Right-to-Repair Fight Over its Cars

Feb 24, 2022 -- Driving a rugged Subaru through snowy weather is a rite of passage for some New Englanders, whose region is a top market for the Japanese automaker. So it was a surprise to Subaru fans when... read more

8 N.J. Court: Insurer Cannot Cite War Exclusion to Deny Coverage for NotPetya Attack

Feb 23, 2022 -- Last month the Superior Court of New Jersey ruled insurers cannot use a policy exclusion to avoid covering about $1.4 billion in damages Merck & Co. said it suffered from a spring 2017 cyber attack... read more

9 Troubling Questions Follow Closure of Sprawling Pain Clinic Chain

Feb 22, 2022 -- HANFORD, Calif. — On May 13 of last year, the cellphones of thousands of California residents undergoing treatment for chronic pain lit up with a terse text message: "Due to unforeseen circumstances,... read more

10 Texas Supreme Court Validates Exception to 8-Corners Rule

Feb 15, 2022 -- For more than 50 years, insurers have known that their duty to defend a Texas policyholder from a lawsuit must be decided based only on the language of the insurance contract and the allegations made by... read more

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