What happened: The Eleventh Circuit revived a bad faith claim after Progressive added two disputed conditions to a within-limits auto settlement, including a release naming the wrong woman What’s at stake: Over $1,000,000 in excess judgment against a policyholder who carried…
What happened: Travelers alleges Selective denied additional insured coverage for Goldman Sachs three times without citing any policy language or contract provision. Who's involved: Travelers (insurer of the construction manager), Selective (insurer of the subcontractor), Goldman Sachs entities (additional insureds…
What happened: Phillips 66 alleges its insurer accepted a defense obligation, collected months of legal invoices, then reversed course and denied coverage What's at stake: defense costs, settlement payments, and $882,237.50 in crane damage, plus penalty interest under the Texas Insurance Code…
Wisconsin’s Office of the Commissioner of Insurance (OCI) has taken action against a Manitowoc man for his insurance license. Commissioner Nathan Houdek, whose office takes action when licensing applicants, licensed individuals, or companies violate Wisconsin insurance statutes or regulations, announced…
Three units of The Hartford did not prove they were harmed when a manufacturer waited until after a $70.1 million asbestos verdict to notify them, a federal appeals court ruled, sending the coverage dispute back to the trial court. The decision,…
A rejected claim is a claim that never reached the payer. Something small tripped a validation check, like a member ID off by a digit, a missing tooth number, or a blank fee, and the claim stopped at the door.
Business Wire AM Best Places Credit Ratings of CVS Health Corporation’s Aetna Inc. Subsidiaries Under Review with Developing Implications OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and…
What happened: Skyscraper Insurance Services alleges its flood insurer denied a $220K claim and voided the policy, then renewed it a month later What's at stake: $226,359.91 in repair and emergency mitigation costs for flood damage to a commercial building Why it…
What happened: A North Carolina appeals court revived 42 breach of contract suits a roofing company filed against insurers using homeowner claim assignments. Who’s involved: Piedmont Roofing Services and a dozen carriers including State Farm, Allstate, Nationwide, Travelers, and USAA. What’s…
Bloomberg Law News Ashley Ilene, Jamillette Gaxiola, Janet Guzman, Mariana Davalos and Lina Posada previously won a $520,000 judgment under a settlement with Toppers International Inc., operator of Toppers International Showbar. The complaint alleges Toppers held a commercial general liability policy…
Connecticut: workers comp, insurance department and business insurance news.
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