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In March, 156,652 more lawsuits were filed against all insurance companies, including auto insurance, compared to March 2022, according to the industry-backed Insurance Information Institute.
(The Center Square) – As North Carolina rebuilds from the massive damage inflicted by Hurricane Helene, state regulators have not received widespread complaints about insurance companies ...
Florida and Louisiana are already seeing insurers pull out, forcing residents into costly government-backed insurance programs. Read more: One dozen eggs in America now costs $3.65 — and $12.63 ...
Florida's Division of Insurance Fraud continues to lead the fight against insurance fraud under the leadership of Colonel John Askins. During Fiscal year 2008/2009, investigative efforts by The Division of Insurance Fraud resulted in 982 cases presented for prosecution, 834 arrests, and 532 convictions. Also during Fiscal Year 2008/2009, The ...
Insurance bad faith is a tort [1] unique to the law of the United States (but with parallels elsewhere, particularly Canada) that an insurance company commits by violating the "implied covenant of good faith and fair dealing" which automatically exists by operation of law in every insurance contract.
The commissioner of insurance is a statewide elected office in the U.S. state of North Carolina. The commissioner is a constitutional officer who leads the state's Department of Insurance and sits on the North Carolina Council of State. The current commissioner is Mike Causey, who has held that office since January 1, 2017.
In a lawsuit against one company, a claims adjuster testified that the company’s practices included “ignoring damages” and “removing estimates that the field adjuster wrote.”
New insurance companies in Florida must be approved by the Office of Insurance Regulation (OIR), which reviews the firm's business plan, projections and financial condition. The judgment of the OIR has been questioned because six of the 18 companies licensed to write "takeout" policies between 2007 and 2011 failed, even though Florida had no ...