Virginia mandates insurers to document every loss estimate cut over $3,000
The statute’s existing provisions on auto claims are also worth noting for context. Virginia already requires that motor vehicle damage…
Tag: loss
Delaware Supreme Court backs AMC on D&O stock settlement “loss” fight
The Superior Court’s Feb. 28, 2025 memorandum opinion centered on the policy wording. The policies defined “Loss” as: “damages, judgments, settlements, pre-judgment and post-judgment…
GEICO faces claims it underpaid Ohio total loss settlements with hidden deductions
The policyholders argue this violates both their insurance contracts and Ohio regulations governing total loss settlements. Their policies promise to…
CITGO compels insurers to pay $54 million for Venezuela oil cargo loss
CITGO, anticipating potential risks, had secured a marine cargo insurance policy from a syndicate of major reinsurers, including several Lloyd’s…
Liberty Mutual denies $200K cargo loss claim, faces lawsuit from Bay Island
According to the complaint filed in the United States District Court for the District of South Carolina, Greenwood Division, Bay…
Loss prevention still crucial for marine insurance, Iumi told :: Insurance Day
Loss prevention has never been more relevant for marine insurance and will become even more central in the coming period,…
XL Specialty Insurance pursues shipping giants for $1.6 million pharma cargo loss
According to the complaint, the cargo was loaded in good order and condition at Nhava Sheva and Hyderabad, India, and…