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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.
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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.
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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.
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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.'
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Oscar Rafael Ruiz spent 2023 and 2024 globe-trotting, losing luggage again and again—and claiming close to $300,000 from travel insurers along the way.
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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.
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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.
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.
