The company pointed to a past federal inquiry, saying that the Department of Justice investigated the allegations, reviewed thousands of documents, and interviewed multiple witnesses before deciding not to pursue the case. It cited “significant factual inaccuracies” in the allegations as a key reason for the DOJ’s decision.
Interest in embedded auto insurance—offered through auto dealers, manufacturers, or financing companies—was reported by 37% of respondents. This type of insurance attracted more attention from younger customers, particularly those in Generations Y and Z, with 47% expressing interest. Among those who cited service as their primary reason for shopping, 48% said they were interested in…
Michael’s Fabrics, LLC, a Baltimore-based retailer specializing in high-end fabrics, purchased a business owners’ insurance policy from Donegal Mutual Insurance Company for the period covering December 16, 2022, to December 16, 2023. The policy, for which the company paid an annual premium of $4,765, included $3,364 for property coverage. Source link
The homeowners countered with their own expert – a licensed engineer – who had personally inspected the property and reviewed photographs, reports, and other records. The engineer acknowledged the possibility that the leak began unnoticed before July 2019, but crucially, he argued that there was no clear evidence of damage before October 2018, when the…
“Despite these large trade and market disruptions, we believe that the impact on most well-diversified insurance companies is manageable,” said Nadja Dreff, senior vice president, sector lead Global Insurance & Pension Ratings, Morningstar DBRS. “We expect insurers will take mitigating actions in the form of premium increases, adjustments to supply chains, tighter control of expenses,…
