Blog: claims

A Miami condominium association is suing its insurer, QBE Insurance Corp., and its Florida general managing agent, for more than $500 million in damages, claiming bad faith and deception in handling hurricane claims. Daniel S. Rosenbaum, the managing partner of Katzman Garfinkel Rosenbaum, LLP, in West Palm Beach, said his firm obtained a judgment against…

First Judicial District Court I also find in favor of the Plaintiffs with respect to malicious abuse of process. I find that Allstate has used the judicial process in New Mexico and with these Plaintiffs, the jury trial process and judicial proceedings, for each of the Plaintiffs with the primary motive to accomplish an illegitimate…

Failure to acknowledge, pay or deny claims within specified timeframes tops the list of insurer violations that examining regulators find, Wolters Kluwer Financial Services said. The Waltham, Mass.-based firm said that sort of infraction led its annual list of the top 10 reasons insurance companies are found to be out of compliance during market conduct…

A class-action settlement involving homeowners policies written by Nationwide Mutual Insurance Co. and its affiliates could lead to homeowners receiving money for claims submitted over the last 13 years. The settlement is between Nationwide and its affiliates and homeowners policyholders who say they were not paid enough for claims submitted between 1996 and March 20,…

Homeowners insurers may sometimes offer a change in conditions of coverage of a consumer’s policy at renewal in order to continue to offer a policy to that individual whose risk profile has increased,” says a MetLife spokesperson.

It’s been four years since Florida suffered through its worst hurricane season in recorded history — the 2004 quartet of Charley, Frances, Jeanne and Ivan, and a cumulative $42 billion in damage. Yet Citizens Property Insurance Corp. still has almost 2,000 unresolved homeowner-damage claims from that season and the 2005 storms. Now, several beachfront condominiums…