warranty News

Fla. ‘Anti-Technical’ Statute Bars Insurer from Denying Claim for Sunken Yacht

Travelers must pay a $2 million claim by the owner of a 92-foot-long yacht that was sunk by Hurricane Irma because Florida law does not allow insurers to deny claims based on inconsequential technicalities. A panel of the 11th Circuit …

State Farm Sues Amazon to Recover Payout for Fire Damage Claim

State Farm Fire & Casualty is trying to get Amazon to reimburse it for a payment it made to cover damages to the home of one of its New York insureds. State Farm and its insured claim that the damage …

Oklahoma Court Says Home Warranty Contract Is Insurance, Nixes Forced Arbitration

A home warranty contract is an insurance contract. That’s the conclusion of the Oklahoma Supreme Court in a case in which the plaintiffs challenged a mandatory arbitration provision in a home warranty contract, maintaining such provisions are not legal under …

Carmakers and Repair Shops Clash as Automation Upends Aftermarket

The rapid rise of crash-avoidance technology has set carmakers and repair shops on course for a collision that could determine who controls the $800 billion auto aftermarket in the digital age. Given the unprecedented sophistication of the systems, which include …