Insurance

New Study Reveals Potentially Fraudulent Practices Impacting Florida Homeowners Insurance Premiums

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TALLAHASSEE, Florida — A new study commissioned by the Florida Legislature reveals a concerning trend in the state’s insurance landscape. The study analyzed 58,395 insurance claims that led to lawsuits in 2022 and found that a disproportionately high number of these claims occurred in Miami-Dade, Broward, and Palm Beach counties. This raises suspicions of potential fraudulent or abusive practices prevalent in these areas. Additionally, litigated claims were found to be more than six times more expensive than non-litigated claims, potentially contributing to the high homeowners insurance premiums in Florida. Florida Insurance Commissioner Mike Yaworsky expressed … Read more

Federal Judge Grants Class-Action Status to Lawsuit Accusing USAA Insurance of Discrimination Against Enlisted Service Members

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SAN DIEGO (AP) — A federal judge in San Diego has granted class-action status to a lawsuit accusing USAA insurance of discriminatory pricing practices. The lawsuit, filed by two enlisted service members, alleges that USAA steered them into more expensive policies compared to those offered to officers. The judge’s ruling means that the case will proceed as a class-action, potentially impacting up to 200,000 policyholders in California who could be members of the represented class. The two enlisted plaintiffs, Eileen-Gayle Coleman, a Marine Corps radio operator, and Robert Castro, an Army culinary specialist, claim that … Read more

Colorado Supreme Court to Reexamine $9.2 Million Medical Malpractice Verdict Due to Insurance Payment Controversy

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DENVER, Colorado — The Colorado Supreme Court is considering whether to uphold a judge’s decision to override a state law and award a man the full $9.2 million that a jury awarded him in a medical malpractice case. The case involves a severely botched surgery that left the plaintiff with major injuries and significant medical expenses. The plaintiff, Susan Ann Scholle, is appealing on behalf of her late husband who filed the lawsuit against Sky Ridge Medical Center and the doctors who operated on him. The jury awarded $9.2 million, but the defendants argued that … Read more

Kinsale Reveals Breakdown of $140 Million Jury Verdict, Unveiling Intriguing Insights into Insurance Industry

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Kinsale, a leading US insurance company, has revealed the details of a significant jury award worth $140 million. The award stems from a lawsuit that involved disputed claims related to certain insurance policies. The jury’s decision was handed down after a lengthy legal battle. The case in question, which took place in the city of Kinsale in the United States, centered around the resolution of claims arising from a number of policies. The jury ultimately ruled in favor of the plaintiffs, awarding them a substantial amount of money. While the specific details of the lawsuit … Read more