Insurance

Jury Orders Insurance Giant to Pay $145 Million After Neglecting Young Colorado Worker’s Claim

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Denver, Colorado — A jury in Denver District Court has ordered an insurance company to pay $145 million to a young man left severely disabled after being denied timely workers’ compensation. Fermin Salguero-Quijada, a 22-year-old former painter, suffered catastrophic injuries from a workplace accident that went uncompensated for years. The case stemmed from a 2021 incident where Salguero-Quijada fell over 15 feet while painting in Salt Lake City, resulting in profound brain injuries and immobility. Initially taken to University of Utah Hospital, he received immediate life-saving treatment for his brain hemorrhages. Plans to transfer him … Read more

California Wildfire Victims Face Insurance Payment Challenges Amid Allegations of Claim Underpayment

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Altadena, CA – Insurance companies are reportedly slow to compensate or underpaying claims related to the devastating wildfires that blazed through Altadena and Pacific Palisades earlier this January. Plaintiffs’ attorneys have voiced concerns, pointing to more severe issues in cases where properties did not suffer complete destruction. The pattern has been noted to be particularly problematic when the damage isn’t fully apparent upfront, warning that the issue might escalate as the total damage becomes more evident. The high costs associated with litigation may deter many homeowners from pursuing legal action for unreimbursed claims, especially when … Read more

Unlock Comprehensive Coverage: Dive Deep into the World of Insurance with Unrestricted Access to Expert Insights and Exclusive Content

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PropertyCasualty360, an invaluable resource for the latest in the insurance sector, is stepping up its offerings. As part of its membership evolution, subscribers will continue to have limitless access to in-depth content that spans breaking news, expert analyses, and significant industry updates. Members of PropertyCasualty360’s digital portal can expect to receive a steady flow of crucial updates through various channels including on-site content, newsletters, and custom alerts specifically tailored for the insurance industry. This initiative ensures that professionals are always informed about the latest developments affecting their field. Moreover, the platform’s commitment to fostering knowledge-sharing … Read more

Colorado Jury Hits Insurance Giant with $145 Million Verdict for Denying Brain Injury Claim

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Denver, CO — A state jury in Colorado has mandated NorGUARD Insurance Co., a subsidiary of investment giant Berkshire Hathaway, to pay a substantial $145 million settlement for not approving necessary medical treatments for a construction worker’s severe brain injury. This sum includes $60 million allocated for punitive damages, underscoring the court’s stance on the insurer’s conduct. The case revolves around Fermin Salguero-Quijada, a 20-year-old painter, who suffered tragic injuries in a fall from a ladder in Salt Lake City, Utah, during his work for a Colorado-based company in September 2021. Following the incident, Salguero-Quijada … Read more