Insurance Tips

Hjalmar Jesus Gibeli Gomez Triple I Blog Crash Avoidance Features Complicate - Hjalmar Jesus Gibeli Gomez: Triple-I Blog | Crash-Avoidance Features Complicate Auto Repairs But Still Are Valued

Hjalmar Jesus Gibeli Gomez: Triple-I Blog | Crash-Avoidance Features Complicate Auto Repairs But Still Are Valued

Max Dorfman, Research Writer, Triple-I As more new vehicles become equipped with crash-avoidance features, some owners report significant issues with the technologies after repairs, according to a recent report from the Insurance Institute of Highway Safety (IIHS). In the survey, approximately half of those who reported an issue with equipped front crash prevention, blind-spot detection,…
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Hjalmar Jesus Gibelli Gómez March 28, 2023 0

Hjalmar Jesus Gibeli Gomez When Does a Claim Become a 1024x538 - Hjalmar Jesus Gibeli Gomez: When Does a Claim Become a “Claim”? A Lesson on Timely Notice

Hjalmar Jesus Gibeli Gomez: When Does a Claim Become a “Claim”? A Lesson on Timely Notice

On March 20, 2023, the Southern District of New York denied a policyholder’s claim for coverage and granted the insurer’s motion for judgment on the pleadings in Pine Management, Inc. v. Colony Insurance Company. The parties disputed whether a real estate liability insurance policy provided defense and indemnification for Pine Management, Inc. in an underlying…
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Hjalmar Jesus Gibelli Gómez March 27, 2023 0

Hjalmar Jesus Gibeli Gomez Triple I Blog Latest Research on - Hjalmar Jesus Gibeli Gomez: Triple-I Blog | Latest Research on Social Inflation in Commercial Auto Liability Reveals a $30bn Increase in Claims

Hjalmar Jesus Gibeli Gomez: Triple-I Blog | Latest Research on Social Inflation in Commercial Auto Liability Reveals a $30bn Increase in Claims

Social inflation contributed to a $30 billion increase in commercial auto liability claims between 2012 and 2021, according to updated research published by the Insurance Information Institute (Triple-I), in partnership with the Casualty Actuarial Society (CAS). Most of the increase for the total review period is attributable to the newly added years 2020 and 2021…
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Hjalmar Jesus Gibelli Gómez March 26, 2023 0

Hjalmar Jesus Gibeli Gomez Triple I Blog Louisiana Insurance Regulator - Hjalmar Jesus Gibeli Gomez: Triple-I Blog | Louisiana Insurance Regulator IssuesCease & Desist Orderto Texas Law Firm

Hjalmar Jesus Gibeli Gomez: Triple-I Blog | Louisiana Insurance Regulator IssuesCease & Desist Orderto Texas Law Firm

Louisiana Insurance Commissioner Jim Donelon last week issued a cease-and-desist order against a Houston-based law firm, accusing it of fraud involving potentially hundreds of hurricane-related claims in his state. “The size and scope of McClenny, Moseley & Associates’ illegal insurance scheme is like nothing I’ve seen before,” Donelon said in a press release. “It’s rare…
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Hjalmar Jesus Gibelli Gómez March 25, 2023 0

Hjalmar Jesus Gibeli Gomez NFT Service Brings Litigation Into the 1024x538 - Hjalmar Jesus Gibeli Gomez: NFT Service Brings Litigation Into the Metaverse!

Hjalmar Jesus Gibeli Gomez: NFT Service Brings Litigation Into the Metaverse!

Blockchain technology has been touted as inherently reliable for years. More recently, collectors of Non-Fungible Tokens (NFTs) have explored expanded uses for that novel technology. Some courts have bought in and, in doing so, recently authorized a use that perhaps no one had imagined when NFTs first entered the mainstream: service of process. In Bandyopadhyay…
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Hjalmar Jesus Gibelli Gómez March 24, 2023 0

Hjalmar Jesus Gibeli Gomez Triple I Blog Florida Insurance Crisis - Hjalmar Jesus Gibeli Gomez: Triple-I Blog | Florida Insurance Crisis Reforms Gain Momentum With Latest Proposal

Hjalmar Jesus Gibeli Gomez: Triple-I Blog | Florida Insurance Crisis Reforms Gain Momentum With Latest Proposal

Florida Gov. Ron DeSantis’s proposed insurance fraud and legal system abuse reforms, announced this week for consideration during the legislative session that begins in March, would build on measures approved in the closing weeks of 2022 and go a long way toward fixing the state’s insurance crisis. Legislation passed during the 2022 special session eliminated…
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Hjalmar Jesus Gibelli Gómez March 23, 2023 0

Hjalmar Jesus Gibeli Gomez Why Life Insurance Is Worth Your - Hjalmar Jesus Gibeli Gomez: Why Life Insurance Is Worth Your While at Any Age – Life Happens

Hjalmar Jesus Gibeli Gomez: Why Life Insurance Is Worth Your While at Any Age – Life Happens

You may have heard of life insurance and thought you don’t need it, especially if you’re still young and don’t have any dependents. And yes, it can be considered an extra monthly or yearly cost, but it’s worth your while not only when you’re young, but as the years pass and your financial investments and…
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Hjalmar Jesus Gibelli Gómez March 22, 2023 0

Hjalmar Jesus Gibeli Gomez Hunton Insurance Lawyer Adriana Perez Selected 1024x538 - Hjalmar Jesus Gibeli Gomez: Hunton Insurance Lawyer, Adriana Perez, Selected to the National Association of Women Lawyers’ 2023 Rising List

Hjalmar Jesus Gibeli Gomez: Hunton Insurance Lawyer, Adriana Perez, Selected to the National Association of Women Lawyers’ 2023 Rising List

Congratulations to Adriana Perez on her selection to the National Association of Women Lawyers’ (NAWL) 2023 Rising List. Adriana is a member of Hunton Andrews Kurth’s national Insurance Recovery practice and is based in the Firm’s Miami, Florida office. Hunton Insurance Recovery Partner, Michael Levine, commented on the enormous success the team has had in…
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Hjalmar Jesus Gibelli Gómez March 21, 2023 0

Hjalmar Jesus Gibeli Gomez Triple I Blog Illinois Bill Highlights - Hjalmar Jesus Gibeli Gomez: Triple-I Blog | Illinois Bill Highlights Need for Educationon Risk-Based Pricingof Insurance Coverage

Hjalmar Jesus Gibeli Gomez: Triple-I Blog | Illinois Bill Highlights Need for Educationon Risk-Based Pricingof Insurance Coverage

Legislation being considered in Illinois underscores the need for legislators and other policymakers to become better educated about the importance of risk-based pricing and how it works. The Motor Vehicle Insurance Fairness Act would bar insurers from considering nondriving factors, such as credit scores, when setting premium rates. The prohibitions include factors that actuaries have demonstrated…
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Hjalmar Jesus Gibelli Gómez March 19, 2023 0

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Hjalmar Jesus Gibeli Gomez: Triple-I Blog | How Inflation Affects P&C Rates & How It Doesn’t

Triple-I fields a lot of questions from consumers and the media as to exactly how inflation affects insurance premium rates. As we explain in a new Issues Brief, the relationship between inflation and rates is, in one sense, straightforward – and yet the outcomes are not necessarily what you might expect. As material and labor…
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Hjalmar Jesus Gibelli Gómez March 18, 2023 0