Tag: insurance claims

Lloyd’s of London Braces for Historic Loss After Baltimore Bridge Disaster

Marc
Francis Scott Key Bridge Crash 2024

The insurance industry, led by Lloyd’s of London, faces a potential record-breaking payout in the wake of the catastrophic Baltimore bridge collapse—a sobering reminder of the immense risks inherent in marine transport and infrastructure. A Behemoth of Insurance History for Lloyd’s of London Lloyd’s of London has long stood as an enduring icon in the insurance realm, demonstrating resilience amidst colossal claims. Among the most notable was the payout following the sinking of the Titanic, a testament to the enormity of marine risks that insurers like Lloyd’s contend with. The…

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Insuring Salvage Title Autos: Important Facts for Auto Owners

Loreen
auto insurance for salvage title

When a vehicle gets a salvage title, it means it’s seen better days, often due to significant damage or theft. This label affects everything from auto insurance to resale value, presenting a set of unique challenges and considerations for owners. Understanding the implications of a salvage title is crucial for anyone considering buying or insuring such a vehicle. Understanding What a Salvage Title Means A salvage title is assigned to a vehicle that has been deemed a total loss by insurance companies due to damage or theft. This designation occurs…

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10 Dog Breeds Often Excluded by Homeowners Insurance

Ester Adams
dog breeds excluded on homeowners insurance

Understanding the Impact of Dog Breeds on Home Insurance: A Closer Look at Misconceptions and Facts Dogs are not just pets; they’re part of the family. However, when it comes to insuring your home, not all furry family members are viewed the same by insurance companies. Some breeds have a reputation that might make homeowners insurance providers think twice. While it’s true that some dog breeds are considered more of a risk due to their size, strength, or the lineage they come from, it’s essential to remember that with the…

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Lawsuit Alleges USAA Uses Computer System to Arbitrarily Deny, Reduce Claims

Logan B.
USAA Insurance News

In a legal case currently gaining attention, USAA is accused of utilizing a computer program to indiscriminately deny or lessen claims for personal injury protection and medical payments. This system, provided by CCC’s Auto Injury Solutions, is at the heart of numerous lawsuits that the insurance giant has faced in recent years. Allegations of Systematic Denials The class-action lawsuit, which emerged from Washington Superior Court for Clark County, suggests that USAA’s reliance on Auto Injury Solutions’ (AIS) computerized system is to the detriment of policyholder claims following vehicle accidents. San…

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Understanding the Challenges of Property Insurance Claims Denials in Florida

Guest Author
property insurance claims denied

Understanding the Challenges of Property Insurance Claims Denials in Florida The landscape of property insurance in Florida is a complex and often challenging arena for homeowners. In recent years, the state has seen a significant uptick in litigation related to property insurance claims, particularly denials and underpayments. This post aims to shed light on this pressing issue, offering insights and guidance to those navigating the often turbulent waters of property insurance claims in Florida. 1. The Startling Statistics of Insurance Claims in Florida A critical statistic that sheds light on…

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