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FAQInsurances - Latest News of Insurances

claims

  • ACV Depreciation Gets Court Approval as Cincinnati Wins Dismissal of Class Action

    ACV Depreciation Gets Court Approval as Cincinnati Wins Dismissal of Class Action

    March 28, 2026 | 09:32pm

    A federal appeals court has made it clear: property insurers can factor depreciation into actual cash value—so long as the policy spells it out plainly.
  • Ex-Farmers Insurance Agent Hit With Lawsuit Over Alleged Confidential Data Leak

    Ex-Farmers Insurance Agent Hit With Lawsuit Over Alleged Confidential Data Leak

    March 21, 2026 | 09:36pm

    Farmers Insurance has filed a lawsuit accusing a former Oklahoma agent of orchestrating a scheme to steer its policyholders to rival insurers—allegedly funneling business to an agency where his wife is employed.
  • 9 Claims Trends Set to Shape the Rest of 2026 — What the Industry Can’t Ignore

    9 Claims Trends Set to Shape the Rest of 2026 — What the Industry Can’t Ignore

    March 15, 2026 | 09:16pm

    Catastrophes, resilience, automation, digital transformation, personalized claims experiences, evolving talent strategies, and operational flexibility—these are just some of the powerful forces already shaping this still-young year. Together, they’re redefining how the claims industry works and setting the stage for changes that demand attention.
  • Westchester Nears Settlement in $230M+ Hurricane Sally Condo Insurance Battle

    Westchester Nears Settlement in $230M+ Hurricane Sally Condo Insurance Battle

    March 08, 2026 | 10:05pm

    Westchester Surplus Lines Insurance has reached a settlement with a Florida condominium association over a hurricane damage claim—three years after the association submitted loss estimates that insurers blasted as wildly inflated, even calling them 'outrageous.'
  • SEC Alleges RadioShack’s Online Revival Unraveled Into a Massive Ponzi Scheme

    SEC Alleges RadioShack’s Online Revival Unraveled Into a Massive Ponzi Scheme

    September 24, 2025 | 08:49pm

    The U.S. Securities and Exchange Commission alleges that a firm which scooped up struggling retail names like RadioShack and Pier 1 Imports—touting lofty e-commerce ambitions and outsized investor returns—was in fact running a Ponzi-style scheme.
  • Air India Crash Expected to Spark $475 Million in Insurance Claims

    Air India Crash Expected to Spark $475 Million in Insurance Claims

    June 17, 2025 | 09:36pm

    India’s deadliest plane crash in over a decade is poised to send shockwaves through the aviation insurance sector, potentially resulting in one of the nation’s most expensive claims, estimated at approximately $475 million.
  • Man Faces Charges After Fatal Hit-and-Run Mistakenly Blamed on Deer

    Man Faces Charges After Fatal Hit-and-Run Mistakenly Blamed on Deer

    June 15, 2025 | 08:59pm

    In recent weeks, insurance fraud investigators across states from North Carolina to Florida have been active, leading to the arrests of firefighters, suspected auto-crash scammers, and a man who allegedly filed a false claim after his car fatally struck a pedestrian.
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