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11 Oct 2022, 7:16 am
They allow a company to provide exculpation, but do not require companies to do so. [read post]
3 Oct 2013, 5:58 am
UPDATE (10/3/2013 12:00 p.m.): I just found a terrific 2009 paper presented by the Foundation of the American Subcontractors Association, Inc. and the National Association of Surety Bond Producers on the pro’s and con’s of subcontractor default insurance; you can find it here. [read post]
23 Feb 2011, 6:21 am
It suggested that the proposed law makes Florida a less desirable location to provide inexpensive mortgages because the collateral could be damaged without a financial backstop provided by insurance. [read post]
26 Apr 2012, 6:16 am
Our colleagues Graham Delf and Gawain Charlton-Perrin at CNA, provider of professional liability insurance, write in with news on an upcoming seminar on enterprise risk management for large law firms, scheduled for May 16 in New York. [read post]
12 Dec 2014, 12:46 am
American Century was insured under an investment management insurance policy which provided coverage similar to that contained in a D&O policy. [read post]
12 Mar 2008, 6:15 pm
The Montana Supreme Court this week ruled that a policy issued to a corporation provided no coverage to an officer of the corporation and that the officer’s 38-month delay in notifying the insurer was late notice. [read post]
28 Mar 2017, 12:15 pm
The insured provides a service that allows customers to load funds onto debit cards issued by third party banks and sold by retailers. [read post]
2 Apr 2007, 10:34 am
Consider these laws designed to protect you from false or misleading statements made as an inducement for your insurance business (which includes among other things life insurance, disability insurance, long term care insurance, annuities and structured settlement annuities.) [read post]
10 Apr 2013, 6:22 am
Writes the Richmond Post Dispatch: A Texas company that provided health insurance to Virginia Tech students fraudulently overstated claims by more than $9 million to boost its profits, according to a 57-count federal indictment unsealed Tuesday. [read post]
27 Jul 2016, 6:04 pm
With respect to cooperation, the primary policy specifies that The Insured agrees to provide Insurers with all information, assistance and cooperation which the Insurer reasonably requests and agrees that in the event of a Claim, the Insured will do nothing that may prejudice the Insurer’s position or its potential or actual rights of recovery. [read post]
23 Aug 2012, 10:28 am
Some insurance policies expressly provide a subrogation right to the insurer and the policy language addresses its scope and limits. [read post]
13 Jun 2022, 7:34 pm
Therefore, those insurers are more likely to provide better initial claims reviews in efforts to avoid orders to pay attorneys’ fees. [read post]
16 Jul 2009, 11:22 am
An insurer cannot resist a duty to provide a defence simply by raising other possible scenarios in which there would be no coverage. [read post]
7 May 2015, 7:48 am
Michigan insurance companies are required to transmit policy information twice a month, so the information provided to officers is reasonably accurate. [read post]
3 Mar 2014, 4:40 pm
Some people, including personal injury lawyers, believe that UM insurance always provides coverage when the insured is not at fault and there is no other insurance to cover the losses. [read post]
6 Apr 2009, 2:39 am
Overall, the report is interesting and provides useful analysis of the current insurance marketplace and its likely future direction. [read post]
22 Feb 2016, 3:30 am
The holding is based on the efficient proximate cause doctrine codified in Insurance Code section 530, which provides: An insurer is liable for a loss for which a peril insured against was the proximate cause, although a peril not contemplated by the contract may have been a remote cause of the loss; but he is not liable for a loss of which the peril insured against was only a remote cause.2 Moreover, the appeals court in Vardanyan relied on the… [read post]
6 Sep 2013, 3:39 am
Insurers often object to providing discovery that is purportedly available in the public domain. [read post]
10 Sep 2013, 3:30 am
An essential purpose of all-risk insurance policies is to provide coverage when the exact cause of the loss cannot be established. [read post]
9 Jul 2016, 4:30 am
” Golub provided State Farm Fire and Casualty Company with a copy of the adjusting contract and requested that it be included on any payments made to the insured. [read post]
