insurance application process News

Insurance Agency Denies Liability for Misrepresentations Related to Shooting

A Pennsylvania insurance agency is denying allegations by owners of a Pittsburgh apartment building that it is liable for the denial of a 2023 fire insurance claim and cancellation of the property’s policy because of misrepresentations related to a shooting …

Courts Find ‘How Many Apartment Units Are There?’ Is an Ambiguous Question

Because its application question about how many apartments were in a New York building was considered ambiguous, an insurer has lost its bid to deny a commercial property insurance claim and rescind the policy. The Second Circuit Court of Appeals …

Smart Insurance Forms Platform Broker Buddha Raises $4.5 Million

Broker Buddha, a company that simplifies the commercial insurance application and renewal process, announced a $4.5 million funding round led by Vertex Ventures. Broker Buddha’s technology converts PDF insurance applications into user-friendly interactive smart forms. It also offers a web …

Applying for Obama Health Care Plan Daunting Task

Applying for benefits under President Barack Obama’s health care overhaul could be as daunting as doing taxes. The government’s draft application runs 15 pages for a three-person family. An outline of the online version has 21 steps, some with additional …