The company has paid a $20 million settlement to settle charges that it concealed data about claims from customers and covered up a collapse of its auto insurance business, according to court documents filed in federal court in New York.The settlement, announced Thursday, resolves a class action lawsuit filed in November by former Encore customers…
Tag: encompass insurance news
How to navigate the murky world of chip insurance coverage
Encompass Insurance covers about $200 million in chip coverage each year, but it’s an industry in flux.Chip coverage varies by policyholder, with some companies covering a larger percentage of the entire market than others.The number of policies covered is also up in the air, as some companies don’t offer coverage in all states, and others…