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Rise in Auto Injury Claim Severity Is Pushing Insurance Costs Higher, IRC Study Says
A rise in the severity of auto injury claims is increasing costs for insurers and creating upward pressure on the cost of coverage for consumers, according to a new study from the Insurance Research Council.Spokane-Based Business Pays $458,627 to Settle Allegations It Sold Illegal Service Contracts
Washington’s insurance commissioner reached an agreement with Fred’s Appliance, Inc., under which the company paid $448,627 in back taxes, penalties, and interest and a $10,000 fine to settle allegations that it illegally sold service contracts to Washington state consumers for more than 11 years.New York Regulator Warns Consumers About Universal Life Insurance Policies
The New York State Department of Financial Services has issued a consumer alert warning New Yorkers to exercise caution if they own or are thinking about buying universal life insurance policies.View more book results for the query "*"
Easthampton Congregational Church v. Church Mut. Ins. Co.
The U.S. Court of Appeals for the First Circuit, holding that the term “decay” in an insurance policy issued to a church was ambiguous, has ruled that the church was entitled to coverage for damage caused when a ceiling in the church partially collapsed.Founders Ins. Co. v. Richard Ruth's Bar & Grill LLC
The U.S. Court of Appeals for the Fourth Circuit, affirming a district court’s decision, has ruled that an insurance company did not have to indemnify a bar for damages resulting from a bar fight where the bar failed to comply with the notice provisions of its insurance policies.Omega Rehab Servs. v. Everest Nat'l Ins. Co.
An appellate court in Michigan, reversing a trial court’s decision, has ruled that an anti-assignment clause in a no-fault insurance policy was unenforceable.Trending Stories
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