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LOS ANGELES — Insurance Commissioner Ricardo Lara announced today a formal investigation into State Farm’s handling of thousands of insurance claims from wildfire survivors affected by the ...
However, examples of bad faith claims handling and settlement serve as a cautionary tale. Insurers should beware of precipitously entering into a settlement without a proper investigation.
Insurance commissioner signals possible probe into State Farm’s handling of L.A. wildfire claims Flames from the Palisades fire Jan. 7.
Insurance officials say the claims process goes through a succession of stages, from the initial dislocation to debris removal, to a bidding process and, ultimately, reconstruction.
The Consumer Federation of America and Center for Economic Justice urged state insurance commissioners to investigate racial bias in insurance claims handling and anti-fraud efforts, after a New ...
The Florida Legislature passed the “Insurer Accountability” Act into law this week, which will take effect July 1, 2023. Known as Senate Bill 7052 ...