Insurance

The Surprising Impact of Mass Tort Lawsuit Advertisements on the Insurance Industry

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Boston, Massachusetts – When mass tort lawsuit advertisements appear on TV screens, many consumers are quick to change the channel. However, according to Rustin Silverstein, president and founder of legal services company X Ante, it may be unwise to ignore these ads, particularly for those in the insurance industry. Silverstein believes that the surge in attorney advertising promoting mass tort lawsuits requires attention. In a recent webinar hosted by the Travelers Institute, Silverstein revealed that lawyers and others spent an estimated $1.2 billion on TV ads last year. More than 16 million advertisements ran in … Read more

Donald Trump’s Fight Against $83.3 Million Defamation Penalty Requires High-Value Collateral and Insurance Bond

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New York, USA – Former President Donald Trump is set to challenge the $83.3 million defamation penalty imposed by a federal jury in the E. Jean Carroll case. However, before pursuing an appeal, Trump will need to pay the amount in question to the court. This poses a challenge for Trump, as the hefty sum exceeds what most individuals, even the extremely wealthy, have readily available. To meet this requirement, Trump will likely need to obtain an appeal bond, a specialized form of insurance that demands substantial collateral. Trump will not be able to simply … Read more

Insurance Recovery Expert Reveals 3 Tips for Businesses to Navigate a Challenging Property Insurance Market

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New Jersey, USA – Eric Jesse, a partner in Lowenstein Sandler’s Insurance Recovery Group, provides insights into the current state of the property insurance market and offers three tips for companies to make their commercial properties more appealing to insurers. Commercial property insurance is a vital coverage for businesses as it safeguards their buildings, structures, and the property and equipment within them. It also typically covers lost business income resulting from covered events. During the COVID-19 pandemic, the importance of this coverage became evident when businesses faced closures and restrictions. The property insurance market is … Read more

Insurance Company Accused of Unfairly Denying Claims in Lawsuit by California Drivers

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OXNARD, Calif. – A car accident in Oxnard, California left Andy Nguyen with regrets after attempting a U-turn resulted in him crashing his car into a light pole. The impact not only caused significant damage to his car but also knocked down the pole and set off the airbags. Nguyen immediately contacted his insurance company, National General, to file a claim but was met with a series of unusual questions from the adjuster. The adjuster asked Nguyen who else lived in his home, and he provided the information about his parents, 20-year-old brother, and 14-year-old … Read more