Allstate to Retire Esurance Brand
Esurance—the Allstate unit that sold its first policy online in 1999 and now offers car insurance in 43 states, plus homeowners, renters, and motorcycle insurance—is being phased out in 2020 as a separate brand. Technology has … [Read More...] about Allstate to Retire Esurance Brand
Asbestos Claims Prompt Bankruptcy by Owens-Illinois Affiliate
Paddock Enterprises LLC, an affiliate of Owens-Illinois Group Inc., voluntarily filed for chapter 11 bankruptcy in the U.S. Bankruptcy Court in Wilmington, Del. on January 6, 2020 under the weight of thousands of asbestos claims … [Read More...] about Asbestos Claims Prompt Bankruptcy by Owens-Illinois Affiliate
Lien Doctors Grow in Popularity
Lien doctors follow an arrangement similar to contingency fee arrangements used by plaintiff lawyers in the sense that lien doctors agree to be paid for the medical services they provide to injured accident victims after the … [Read More...] about Lien Doctors Grow in Popularity
Windhaven Insurance to Liquidate
Windhaven Insurance Company was ordered into receivership for purposes of rehabilitation by the Second Judicial Circuit Court in Leon County, Florida on December 12, 2019. The Florida Department of Financial Services is the court … [Read More...] about Windhaven Insurance to Liquidate
Travelers Ups Loss Reserves Due to Tort Awards
Loss reserves are being increased by some P&C insurance carriers as a result of "social inflation," reports The Wall Street Journal in a December, 2019 article titled "A Specter that is Haunting Insurers." High tort awards are … [Read More...] about Travelers Ups Loss Reserves Due to Tort Awards
