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1201 Search Results for: Claims

... practices which increase costs and time to settle insurance claims. While litigation is considered a policyholder’s last resort, legal ... has found. Legal system abuse refers to disputed insurance claims which could have been resolved without litigation. ...

... technology reduced a broad category of non-catastrophic fire claims by an estimated 63% within three years after installation. The ... the first comprehensive quantitative analysis of home IoT claims reduction efficacy, found that Ting – a home fire prevention solution ...

... : Texas recorded 4,369 homeowners' insurance lightning loss claims in 2024, second only to Florida, with an average cost per claim of ...

... flood zones can still flood. More than one-quarter of NFIP claims come from “low- to moderate-risk” areas. NFIP policies offer up ...

... State Farm , the company paid out over $3.5 billion in hail claims in 2022, an increase of more than $1 billion from 2021 due to increased hail claims and inflation.  State Farm’s top states for hail claims were ...

... paid $1.04 billion in lightning-related homeowners insurance claims in 2024, a 16.5% decrease from the $1.24 billion paid out in 2023, ... (Triple-I).    The total number of lightning-caused claims also fell significantly, down 21.5% to 55,537 in 2024, the lowest number ...

... System Abuse : Increased billboard attorney involvement in claims and larger jury awards drove auto liability losses and defense and cost ...

... The number of lightning-caused U.S. homeowners insurance claims decreased in 2024 over 2023 and is the lowest annual number of claims since before 2017. In 2024, U.S. lightning–caused claims decreased ...

... only those most likely to be flooded, and therefore to file claims, purchase it, a situation known in the insurance industry as adverse ...

... – may be fueling legal system abuse, driving up insurance claims and delaying settlements. “Attorney advertising has become big ...