Sunken boat claim covered after fault undetected – Daily – Insurance News

Sunken boat claim covered after fault undetected 7 July 2022 A boat owner whose vessel partially sank due to an unidentified fault will have the damage covered after winning a claims dispute. The claimant had the boat inspected or repaired by three experts before starting the insurance policy. A water pump leak was detected but … Read more

High court OKs claim for long-haul trucker with blood clots

The Utah Supreme Court on Thursday overturned a denial of benefits to a truck driver for blood clots he developed after making a three-day trip to California. David Hickey worked as a long-haul driver for JBS Carriers. Over the course of three days, Mr. Hickey drove through several states, logging up to nine hours in … Read more

Homeowner’s collapsed carport claim blown away – Daily – Insurance News

Homeowner’s collapsed carport claim blown away 5 July 2022 A homeowner whose carport collapsed after it incurred storm damage will not have his claim reimbursed after losing a dispute ruling. The claimant said gale force winds caused sustained damage that eventually knocked down the carport. Suncorp said pre-existing damage to the carport, including termite damage … Read more

Boris Johnson faces claim he knew about earlier investigation into Chris Pincher

Boris Johnson on Tuesday faced explosive allegations that Number 10 did not tell the truth over what the UK prime minister knew about inappropriate behaviour by the disgraced former Tory deputy chief whip Chris Pincher. Lord Simon McDonald, former permanent secretary at the Foreign Office, wrote on Tuesday that Pincher was subject to a formal … Read more

Munich Re unit prevails in dispute over refusal to pay claim

A federal appeals court Wednesday affirmed a lower court ruling in a Munich Re unit’s favor in a coverage dispute with a Florida public entity risk management program that contended the reinsurer was forbidden from second-guessing its decision to pay a claim. Munich Re reinsured Fort Myers-based Public Risk Management of Florida for public officials … Read more

Man kicked out of home by police loses claim dispute – Daily – Insurance News

The owner of a 2007 Mercedes Benz van who was removed from his home by police will not have his insurance claim processed until he submits further information, after the Australian Financial Complaints Authority (AFCA) ruled against him. The van owner lodged a claim for his missing vehicle on February 1 this year. He disputed … Read more

UTV driver denied beach wipeout claim – Daily – Insurance News

A driver whose utility terrain vehicle (UTV) suffered a total loss after a beach accident will not be covered by insurance after losing a claims dispute. The claimant’s broker, referred to as CI in the Australian Financial Complaints Authority (AFCA) ruling, arranged a policy with Allianz to cover the vehicle just weeks before the accident … Read more

JPMorgan lays off mortgage staffers, Flagstar data breach revealed, Meta settles fair housing claim

United Wholesale Mortgage new Game On makes a 0.5 percentage point to 1 percentage point cut across all product types UWM offers. If past cycles are an indication, some of UWM’s competitors are likely to drop their own pricing; but leadership from Rocket Mortgage’s competing channel was unperturbed. “While others have incentives that bring them inside and … Read more

Motorist claim accepted after pre-existing damage denial ruled out – Daily – Insurance News

Motorist claim accepted after pre-existing damage denial ruled out 23 June 2022 A motorist who did not disclose a pre-existing dent on her vehicle will have her third-party fire and theft policy claim covered after an Australian Financial Complaints Authority hearing ruled in her favour. Pacific International Insurance denied the woman’s claim, saying she breached … Read more

Queensland bans personal injury ‘claim farming’ – Daily – Insurance News

Queensland parliament today passed new laws forbidding so-called “farming” of personal injury claims after a rise in the targeting of cases such as institutional child abuse and workers’ compensation. The new laws prohibit anyone soliciting or inducing another person to make a claim, as well as payments to claim farmers for the details of potential … Read more