GEICO targets Florida clinics in sweeping $3.5 million RICO lawsuit
Filed in the US District Court for the Middle District of Florida, the lawsuit alleges that Preziosi West/East Orlando Chiropractic…
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Union funds accuse Markel, CNA, Berkshire Hathaway of surety bond failures
The case takes on added significance for the insurance industry because of the involvement of multiple surety and insurance providers.…
Zurich sues Lendlease, Starr over denied coverage in NYC construction accident
According to Zurich’s complaint, the dispute began when a worker, Thomas Byrnes, allegedly suffered injuries from a fall at the…
Everything You Need to Know About Short Term Disability Insurance: Benefits, Coverage, and More
If you’re unable to work due to an illness or injury, it can create significant financial strain. While medical insurance…
GEICO sues Florida clinic, claims $4.6 million PIP fraud scheme
GEICO and its affiliated companies have filed a complaint in the United States District Court for the Middle District of…
Starr Indemnity claims Florida broker withheld $180,000 in premium funds
Florida Statute §626.561, cited in the complaint, requires that all premiums, return premiums, or other funds belonging to insurers received…
National Union pursues $465,000 recovery after AAA Club employee theft
National Union Fire Insurance Company of Pittsburgh, Pa., as subrogee of AAA Club Alliance Inc., has filed a civil complaint…
Market capitalization and reserve levels: what the balance means for carriers
Market value is not always a proxy for reserve strength UnitedHealth, with a market capitalization of $431 billion, holds just…
Central Mutual challenges duty to cover $2.4 million scrap metal lawsuit
According to the court filing, the dispute began when Conical Cutting Tools, a Michigan-based manufacturer of steel and carbide cutting…
Understanding Marine Insurance: Benefits, Uses, Advantages, and Process
Marine insurance plays a crucial role in the global economy, ensuring the safety and protection of cargo and vessels traversing…