New Jersey has enacted an insurance bad faith statute that will penalize insurers for certain types of conduct in handling claims for uninsured and underinsured motorist coverage as the result of auto accidents. The new law...more
A new Sixth Circuit decision may signal an emerging trend on whether insurers must cover claims made by policyholders who fall victim to phishing scams....more
7/31/2018
/ Commercial Insurance Policies ,
Cyber Crimes ,
Cyber Insurance ,
Data Security ,
Denial of Insurance Coverage ,
Fraudulent Wire Transfers ,
Hackers ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Phishing Scams ,
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Travelers Property Casualty Co.
New Jersey legislators are working to enact a law that will provide policyholders with potentially punishing recourse if their insurance carriers mishandle their claims for benefits....more
In a highly anticipated decision, the Pennsylvania Superior Court vacated an eyebrow-raising $21 million award for an auto policyholder and found that the insurer did not act in bad faith....more