Subrogation is the process by which your insurance company seeks financial reimbursement for claims it paid out but wasn’t financially responsible for. For example, if you were in a car accident but ...
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In recent months, nothing significant has changed in the way that Pacific Collision Center repairs vehicles, the shop’s repair manager, Andrew Batenhorst, told a crowd at the Collision Industry ...
The volume and size of insurer payments under R&W insurance policies are increasing. According to a May 2023 Aon study, the average R&W insurance claim payment to Aon clients in 2022 was $9 million, ...
In United States Automatic Sprinkler Corporation v. Erie Insurance Exchange, et al., No. 2SS-CT-264, 2023 Ind. LEXIS 105, the Supreme Court of Indiana (Supreme Court) reversed an order of the trial ...
AI and Advanced Technology Help Carriers Assess Inbound Demands in Minutes and Efficiently Pay What They Owe When Settling Subrogation Claims “Reviewing inbound subrogation demand packages, some as ...
In a case of first impression, the state Supreme Court has ruled car insurers can prorate an insured's deductible when recouping expenses through subrogation from a third party at fault. In a case of ...
An insurance agreement may include an obligation of the insured to assign the insured’s claim against a party at fault to the insurer, who may then collect on the claim on the insured’s behalf, i.e., ...
Recent industry trends reveal a significant increase in out-of-pocket costs for customers, driven by tighter adjuster scrutiny, AI audits, and shifting repair policies, ...
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