After several hurricanes, a church submitted a first-party property claim. The church also had pending coverage litigation from prior tornado damage. On October 12, 2020, the independent adjuster (IA) inspected and...more
11/12/2024
/ Auto Insurance ,
Bad Faith ,
Breach of Contract ,
Cryptocurrency ,
Delay Claims ,
First-Party Coverage ,
Flood Insurance ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Policy Exclusions ,
Policy Terms ,
Proof of Loss ,
Property Damage ,
Property Insurance
The New York Department of Financial Services (DFS) previously circulated proposed guidance on using AI in underwriting and pricing to address discrimination. DFS requested public comment. Commenters expressed concern over:...more
8/2/2024
/ Artificial Intelligence ,
Auto Insurance ,
Commercial Insurance Policies ,
Denial of Insurance Coverage ,
Department of Financial Services ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Property Damage ,
Property Insurance ,
Storm Damage
After a yacht ran aground, the owner filed a maritime insurance claim. Despite a New York choice of law provision in the insurance policy, the owner contended that Pennsylvania law applied. The Third Circuit had protected the...more