Early estimates from the tornadoes and hailstorms that hit Dallas April 3 suggest at least $300 million in insurance claims, with the total projected to rise to potentially as high as $500 million.
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Michigan’s PIP reinsurer raising rates 21%
The Michigan Catastrophic Claims Association will raise premiums to $175 per insured vehicle effective July 1, in part to offset an estimated $2 billion deficit.
A new report from the Insurance Research Council finds three states — New York, Florida and Michigan — driving growth in PIP insurance claims.
Pennsylvania Supreme Court Justice J. Michael Eakin delivered a six-page decision vacating an insurance fraud conviction entirely in rhyming verse.
Last year, Citizens paid out nearly $250 million in claims while only collecting a little over $30 million in sink hole premium. Essentially, Florida doesn’t have a sink hole problem, but rather an insurance claims problem, writes Florida director Christian R. Cámara.
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