Philadelphia Indemnity Insurance Co. News

Carrier Loans Money to Claimant for Damages, Collects from Negligence Suit Against Broker

A California appellate court ruled that an insurance brokerage owes its client $461,795.24 for malfeasance in litigation that was financed by an insurer against its own producer, involving damages to a house owned by a church that was intended to …

Minor League Baseball Teams Sue Insurers for Pandemic Business Losses

Fifteen U.S. minor league baseball teams on Tuesday sued several insurers for not paying out claims for business interruption losses after the cancellation of “much or all” of the league’s season as a result of the coronavirus pandemic, according to …

Insurer Accuses Texas Owner of Drowned Bugatti of Fraud

The insurer of a $1.2 million sports car that plunged into a Galveston Bay lagoon two years ago says the owner deliberately drove into the marsh to collect on a $2.2 million insurance policy. No trial date has been set …