Litigation

The plaintiffs intend to file a bad-faith suit in the case after their insurance company repeatedly refused to tender its policy until shortly before trial.

The contractor underreported payroll by nearly $1 million to lower his workers' comp premium.

A law firm initially proposed a $100,000 settlement and alleges the insurer concealed a $500,000 death-claim limit.

The April 9 release outlines concerns over bias and transparency in AI-supported decisions, particularly in underwriting.

The 2018 incident caused several pelvic fractures and premature birth of the infant. The lawsuit alleges defective design, negligence and consumer fraud.

Declining premium revenues, lower rates, underwriting volatility and litigation led to this hardening, Fitch Ratings says.