Insurance Auto Auctions

VA restaurant | April 23, 2020

A restaurant serving Mexican food in Arlington, VA is suing its insurer over the company’s denial of business interruption claims related to COVID-19. Rolando Juarez, the owner of Guajillo Mexican, filed the lawsuit this week in Arlington Circuit Court against Twin City Fire Insurance – a member of the Hartford Insurance Group. According to the lawsuit, the restaurant’s policy “explicitly covered such loss when caused by a virus, including the salaries and other expenses ...

RISK MANAGEMENT

Polly | March 03, 2022

Polly (formerly known as DealerPolicy), the leading insurance marketplace for automotive retail, today announced a new strategic partnership with National Automotive Experts (NAE) and NWAN, a national provider and administrator of finance and insurance (F&I) products and dealer reinsurance programs. Together, the two companies will deliver Polly's innovative, cost-saving insurance platform to NAE/NWAN's network of dealers across the country. Polly's platform revolu...

Insurance Business Magazine | March 12, 2020

Global insurers are now being threatened with coronavirus from two directions – a sharp increase in payouts and at the same time, significant investment losses. While initially a low level of claims was expected because epidemics are excluded from many business insurance policies, a recession that might be in the cards for the global economy puts companies with trade credit insurance, including airlines and retailers, under strain. This is happening alongside added pressure on insurers&rsq...

Insurance Business Magazine | March 11, 2020

A new insurtech product has been launched to help organizations demonstrate reasonable adjustment toward digital accessibility compliance and help mitigate the threat of legal action. AAAtraq is an automated compliance identification management system that helps organizations define their existing level or accessibility to non-compliance risk exposure. The product also helps organizations progress toward full compliance through a managed process. The number of digital accessibility lawsuits file...