Posts tagged with: "insurance"
Results 181 - 200 of 31,531
Sorted by Relevance
|
Sort by Date
26 Jul 2011, 9:32 am
When a person's property is damaged, or they have received injuries after an accident, they begin the claims process in order to receive compensation. In most cases, the insurance company will help the insured through the claims process, the damage will be assessed, and the claim will be handled quickly and fairly.
In some instances, however, the insurance company may not respond in a good faith manner, and this can be justification for filing a bad faith claim. Insurance bad faith is a legal… [read post]
22 Mar 2010, 10:51 am
Although it’s much too soon to tell how the federal healthcare overhaul will affect the way the insurance industry conducts business, the bill may have done a few things right. “Immediate Effects of Health Reform Bill.” A few provisions go into effect in six months; others won’t be enforceable until 2014.
• People whose policies are rescinded through no fault of their own are now protected under federal law. Even though rescission is regulated under the law of most states, carriers tend… [read post]
24 Feb 2011, 11:21 am
ACE Insurance Litigation Watch (ALW), the online repository for lawsuits against the ACE Ltd. insurance company (NYSE: ACE), reported in a press release on February 15, 2011 that ACE subsidiary Century Indemnity Insurance Company, has been cited by Los Angeles District Court judge Hon. Stephen Wilson for “egregious” delays of payments owed to Pepsi- Cola Metropolitan Bottling Company Inc., a division of the Pepsico.
The press release states “In December 2010, the judge in the case,… [read post]
28 Feb 2012, 9:33 am
By John Armstrong
Congress made significant changes to the laws allowing the removal of actions filed in local state courts to be removed to federal court. Two kinds of cases have historically been allowed to proceed in federal court—even if filed and served in state courts, namely, “subject matter jurisdiction” where a federal law or policy is the gravamen of the claim and “diversity jurisdiction” where the dispute involves more than $75,000 and all of the plaintiffs and all of the… [read post]
4 Oct 2009, 9:54 am
"Tort Reform, Tort Reform, Tort Reform," the phrase has almost become a song. Nobody likes to see undeserving people win huge, unjustified damage awards, but the fact is, it doesn't really happen in California, except on maybe on TV. Los Angeles Times business columnist Michael Hiltzik couldn’t be more correct when he writes that one of the biggest fans of so-called tort reform is the insurance industry, “because the less money they pay out to plaintiffs, the more they get to keep.” See… [read post]
14 Jul 2010, 8:37 am
A number of current and former structured settlement annuity issuers have made the 2010 Wards 50® of Top Performing Life Insurers:
Aetna Life Insurance Company
Amica Life Insurance Company*
American Family Life Insurance Company*
Metropolitan Life Insurance Company
New York Life Insurance Company
Symetra Life Insurance Company
State Farm Life*
USAA Life Insurance Company*
While a portion can surely be chalked up to methodology, it is notable that some big insurance companies, rated A+ and A++… [read post]
8 Feb 2012, 3:57 pm
by Michael Rosenfield & Dennis Quinn
Insurance regulators across the nation from time-to-time focus their efforts on pursuing the joint investigation of a legal issue (e.g., brokers’ fees or title insurance matters) that is perceived by the regulators as representing an industry-wide compliance problem that is common to all states.
The latest subject of such a multi-jurisdiction investigation targets life insurance settlements. Regulators are in the midst of an extensive investigation and… [read post]
24 Jul 2011, 6:00 pm
Whenever a small business or individual files an insurance claim, it often turns into a battle between the claimant's adjuster and the insurance company's adjuster. In many ways, it's a fight between David and Goliath due to the difference in resources available to each side. As a result, you would think that our government would do a better job of leveling the playing field. However, whenever David does something wrong he is often punished by state officials. On the other hand, when Goliath… [read post]
2 Feb 2011, 8:15 am
No-Fault insurance lawyer explains that numbers of car accident lawsuits drop while auto insurance rates rise
I received a thoughtful comment from another reader of our Michigan Auto Lawyers Blog. TomH was responding to An Adrian, Michigan car accident victim’s right to bring a personal injury lawsuit, where I discussed my partner David Christensen’s Lenawee County trial for an auto accident case, and how a recent news article garnered many anti-consumer comments. These comments covered a car… [read post]
12 Feb 2012, 11:08 am
According to a new report from the Missouri Department of Insurance, nearly 4,000 Missourians received insurance coverage for autism treatment in 2011. A new law requiring health insurance companies to cover specific autism treatments took effect January 1, 2011. The department's report shows 3,805 Missourians filed claims for autism-related treatment during the law's first year.
The report states that total insurance claims for autism-related treatments were $4.3 million in 2011. This dollar… [read post]
25 Jun 2010, 11:17 am
One of my TWIA slab case clients was very happy about the proposed resolution of her claim. Her tone changed when she mentioned that TWIA raising rates five percent. I have often felt that our elected leaders are in a no-win situation when the people electing them to office hold a noose over their neck when it comes to government sponsored insurance. Voters want lower rates, even if that means the government charges absurdly low rates and unfairly competes with private enterprise.A recent Government… [read post]
25 Jan 2013, 2:37 am
In Michigan you are required to carry proof of insurance. The Michigan no-fault statute requires a Michigan driver to have significant insurance and to carry proof of such insurance at all times. Not having insurance at all could affect your eligibility for benefits if you are injured or killed in an accident. In order to decentivized non-compliance through the passage of MCL 500.3101. If you have altered, counterfeit, or otherwise fraudulent proof of insurance you could be charged with… [read post]
27 Feb 2012, 9:52 am
This seems to be insurance week for me. Later this week, I’ll jump into a recent court case that recently hit the headlines.
Today, however, I received an e-mail warning of the POSSIBLE unauthorized issuance of property insurance polices by “an unathorized third party purporting to represent the insurers listed below and not to policies properly issued by the insurers or their authorized representatives . . . (emphasis added by me) :
North American Specialty Insurance Company
North… [read post]
16 Dec 2011, 9:38 am
A Barton County judge has approved a proposal which will allows Missouri Farm Bureau to take over operations of three insolvent insurance companies.
The three small companies operated by Barton County Mutual Group became insolvent after paying claims resulting from the May 22nd Joplin tornado. The judge has approved a proposal by the Missouri Department of Insurance. This proposal allows the three small companies to merge into one company which will be managed by Farm Bureau, and also allows Farm… [read post]
31 Jan 2011, 4:51 am
Senator John Thrasher, must be the insurance industry's shill. He is certainly an enemy of the Florida consumer. Thrasher has introduced a new insurance bill that guts the muscle out of Florida’s bad faith statute. Presently when an insurance company is found to have acted in bad faith toward their own insured (by the way, that is YOU Mr. Florida Citizen) the Insurance Company is responsible for all the damages they cause, including the entire damages caused to their insured in the… [read post]
4 Dec 2011, 2:40 am
Part of my legal work as an attorney is to help people with personal injury cases. Sometimes, when I introduce myself, I'll jokingly add that "I'm an ambulance chaser." Unfortunately, because of the media, "frivolous" lawsuits, and insurance companies, lawyers who help accident victims get a bad rap.
The truth is, the bad rap is part of the insurance company's biggest marketing ploy in getting my clients to settle their injury claims for less than they are worth. Insurance companies want the bad… [read post]
7 Sep 2012, 10:46 am
An agreement with Allianz Life Insurance Company of North America has been made to resolve consumer complaints about improper sales of annuities. The Missouri Department of Insurance and regulators in Iowa, Minnesota and Florida led a nationwide investigation into Allianz.
Annuities are investment products sold by insurance companies. Consumers buy annuities as way to generate interest on their savings, generate income, or both. The consumer pays a lump sum or makes periodic payments to the… [read post]
15 Nov 2011, 9:13 am
Your insurance company has an obligation to fairly consider your interests and compensate you according to the loss you have suffered within the limits of your insurance policy. If the insurance company considers its own best interest, and you suffer losses as a result, you have a right to sue your own insurance company for bad faith.
Personal Property Bad Faith:
If you have suffered significant damage by fire, flood, ice, or wind to your home or place of business, your insurance company may only… [read post]
16 Aug 2009, 4:04 pm
Often when I am speaking with existing clients with health insurance or potential clients, the issue of health insurance comes up. When this issue is brought up, the first response is I do not want to use my health insurance. With which I reply, then your claim just got more expensive. The fact of the matter is typically you are not punished by using your health insurance, as long as you realize they have the right to be reimbursed for any money they pay on your behalf with which you can collect… [read post]
9 May 2013, 9:10 am
As recently reported in this blog post, Los Angeles Superior Court Judge Gregory Alarcon invalidated the California Department of Insurance's regulation on estimating replacement costs for homeowners insurance (10 CCR 2695.183) in Association of California Insurance Companies (ACIC) and Personal Insurance Federation of California v. Jones. This represents the second judicial determination that the Department has overstepped its regulatory authority under the Unfair Practices Act in less than a… [read post]