Posts tagged with: "insurance"
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30 Sep 2011, 11:24 am
Insurance regulators in Washington have for the second time this summer disciplined Chicago Title Insurance Co. for activities that they said violated state administrative codes.
In the latest action, the Office of the Insurance Commissioner said that on three occasions in 2010 Chicago Title offered a class titled “Distressed Properties in Washington” to real estate licensees. It did not charge a fee to any of the 57 people who attended the classes.
Materials given to class… [read post]
22 Aug 2011, 10:22 am
If you’re self-employed, then likely you know just how much the flu or even a short-term injury can set you back. If you are out of the “game” for even a short period of time, then there is a direct impact on your bottom line. There is no sick leave to fall back on, is there?
What if an illness or injury were to take you out of the game for an extended period of time? You might just lose your business and, with it, your home and the rest of your assets. That is not a pretty… [read post]
10 Jun 2011, 3:17 pm
By John M. Leblanc and Jason C. Love
On May 26, 2011, the California Department of Insurance (“CDI”) released a second draft of its Guidance 2470, which is designed to implement various provisions of AB 2470. AB 2470, enacted in 2010, legislated certain aspects of rescission, non-renewal, and cancellation of health insurance policies and health care service plans in California.
The CDI’s draft Guidance 2470 purports to set forth requirements concerning the CDI’s review of complaints… [read post]
4 Oct 2011, 11:25 am
California authorities have ordered a Minnesota insurer to show cause why they should not revoke its authority to do business in their state.
The California Department of Insurance accused RiverSource Life Insurance Co. of unfair claims handling practices involving long-term care, disability income and life insurance policies. It said the Minneapolis-based insurer had systematically delayed investigating claims and intentionally created impediments to policyholders receiving… [read post]
22 Aug 2011, 10:22 am
If you’re self-employed, then likely you know just how much the flu or even a short-term injury can set you back. If you are out of the “game” for even a short period of time, then there is a direct impact on your bottom line. There is no sick leave to fall back on, is there?
What if an illness or injury were to take you out of the game for an extended period of time? You might just lose your business and, with it, your home and the rest of your assets. That is not a pretty… [read post]
24 Aug 2012, 2:48 pm
On June 28, we reported that a proposed initiative that would bring prior approval of rates for health insurance to California had failed to qualify for the November 2012 California ballot.
An earlier blog addressed in more detail that the the initiative would have:
given the California Insurance Commissioner the power to approve health insurance rates proposed after November 6, 2012;
required health insurers’ rate applications to be accompanied by a sworn statement by the… [read post]
24 Feb 2011, 1:07 pm
By Richard P. Hastings, Connecticut Attorney
Due to the recent bout of bad weather, we have been contacted by a number of people asking about insurance claims issues. Typically, after getting a brief explanation as to what happened I am asked, “Am I covered?”
Insurance companies’ policies are a contract between the insurance company and the insured. So the first thing a policyholder needs to do is to get the correct policy, including all endorsements and forms. You can then determine who is an… [read post]
24 Aug 2010, 2:04 pm
In a case handed down August 6, 2010 by the Missouri Court of Appeals, Southern District, the court found that the proposed lien of a health insurer was an invalid attempt to require assignment of the Participant's personal injury claim and, as such, it was contrary to longstanding Missouri public policy. Scroggins v. Red Lobster, No. SD 30214.
In 2007, Pamela Scroggins was seriously injured in a trip and fall accident at a restaurant. Ms. Scroggins' medical expenses were covered by an… [read post]
30 Aug 2011, 6:03 pm
This week has been very successful for my firm. We relocated our offices, and managed to get things up and running. I also had the opportunity to finalize the settlement of a bad faith action for one of my clients against an insurance company who failed to act appropriately in an insurance adjustment claim.
My client suffered some damage to the siding his home during the May 2010 hail storm. The insurance adjuster viewed the property and the damage, then made his adjustment, agreeing to repair one… [read post]
8 Apr 2011, 10:09 am
As reported in Wind® Regional Symposium in Atlanta May 10, 2011, the Windstorm Insurance Network® is sponsoring a Regional Symposium in Georgia regarding windstorm claims, Given the recent tornados and severe windstorm destruction, this conference is extraordinarily timely for adjusters who are addressing these issues.The National Underwriter reported the following in "Deadly Southeast Storms Cause $50M Of Insured Loss In Georgia:"
Georgia Insurance Commissioner Ralph T. Hudgens says deadly… [read post]
13 Oct 2011, 9:26 am
Last month, Governor Nixon signed two new laws into effect bringing additional insurance protections to consumers affected by damaging storms. The new laws provide consumers with better access to insurers and assign new rules for repair companies to avoid unscrupulous business practices.
Recently, some repair companies have begun calling themselves "insurance claims specialists" in hopes of gaining more business after a damaging storm. These repair companies offer to pay homeowner's deductibles… [read post]
2 Dec 2009, 8:00 am
. . . so I won’t. Instead, I’ll direct you to this blog post, So Your Business Has Been Sued: Now What? It provides an excellent general overview of the steps to take should your business be sued, to which I would like to add the following.
First, while a lawsuit may sometimes take a business owner completely by surprise, there are often plenty of warning signs that a lawsuit may be on its way. A demand letter from a vendor, subcontractor, customer or client, for example, may include the… [read post]
1 Aug 2011, 2:05 pm
Washington insurance regulators have ordered three title insurance companies tostop offering memberships in a discount buying club to clients.
The State of Washington Office of Insurance Commissioner issued a cease and desist order against Fidelity National Title Insurance Co., Chicago Title InsuranceCo. and Commonwealth Land Title Co. All three companies are operated by Fidelity National Title Group, Inc., which is a subsidiary of Jacksonville, Fla.-based Fidelity National Financial,… [read post]
11 Nov 2011, 10:38 am
Colorado Insurance regulators have fined First American Title Insurance Co. $310,500 after reviewing its market conduct for 2009. Several findings of the latest report are repeated failures spotted by authorities in a 2002 examination.
In findings that were included in its final agency order, the Colorado Division of Insurance said that First American had failed to provide an anti-fraud statement on appropriate title insurance policies, applications or claim forms. This failure was also cited… [read post]
3 May 2013, 9:59 am
The Centers for Medicare & Medicaid Services (CMS) announced this week that the application for health coverage has been simplified and significantly shortened. The application for individuals without health insurance has been reduced from twenty-one to three pages, and the application for families is reduce by two-thirds. The consumer friendly forms are much shorter than industry standards for health insurance applications today.
In addition, for the first time consumers will be able to fill… [read post]
22 Aug 2011, 10:13 am
With long-term care insurance policies, the costs of assisted living facilities, in-home care and private nursing homes are covered. And, in many cases, these policies offer inflation protection, too. But since not many eligible consumers are signing up for policies, the companies that offer them are trying to make them more palatable.
It is an unfortunate fact that healthcare costs are steadily rising and will only continue to rise in the… [read post]
13 Jan 2012, 11:08 am
Insurance policies are complicated legal contracts between you, the policy holder, and the insurance company. Very often, when a policy holder makes a claim for damages they believe should be covered by their insurance policy, the insurance company will deny the claim citing a reason unknown or often misunderstood by the policy holder.
On December 27, 2011, the Missouri Court of Appeals, Eastern Division, decided an insurance case based on the disputed definition of "owned" and "resident". The… [read post]
11 Jul 2012, 11:04 am
Insurance regulators nationwide will get a chance in August to hear consumer gripes about property insurance that is force-placed on homes.
The National Association of Insurance Commissioners has scheduled a public hearing on Aug. 9 to discuss the use of lender-placed insurance and the impact on consumers. The hearing will take place during the summer national meeting of NAIC, which is the standard-setting and regulatory oversight organization for state insurance regulators.
NAIC said… [read post]
22 Aug 2011, 10:13 am
With long-term care insurance policies, the costs of assisted living facilities, in-home care and private nursing homes are covered. And, in many cases, these policies offer inflation protection, too. But since not many eligible consumers are signing up for policies, the companies that offer them are trying to make them more palatable.
It is an unfortunate fact that healthcare costs are steadily rising and will only continue to rise in the… [read post]
22 Aug 2011, 10:13 am
With long-term care insurance policies, the costs of assisted living facilities, in-home care and private nursing homes are covered. And, in many cases, these policies offer inflation protection, too. But since not many eligible consumers are signing up for policies, the companies that offer them are trying to make them more palatable.
It is an unfortunate fact that healthcare costs are steadily rising and will only continue to rise in the… [read post]