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26 Apr 2017, 7:17 am
Not being satisfied with the insurance company’s answer, the court ordered the insurance company to pay not only the amount due under the policy but also interest and a bad faith penalty. [read post]
26 Apr 2017, 3:47 am
Puerto Rico’s authorities are concerned that this might be too late, given that insurance companies have until this summer to negotiate their Medicaid contracts with the Commonwealth. [read post]
25 Apr 2017, 8:17 pm
The first deals with the Orderly Liquidation Authority (OLA) provisions of Dodd-Frank, which in certain instances allow the Federal Deposit Insurance Corporation (FDIC) to undertake the receivership and liquidation of a large nonbank financial company (such as a bank holding company), rather than under the U.S. [read post]
25 Apr 2017, 3:21 pm
Thanks to the ACA and the continuous stream of other federal laws and regulations implemented over the past 20 years, sponsoring employers, as well as their health plans and those responsible as fiduciaries for administering, funding and insuring these programs now face huge costs, responsibilities and liabilities. [read post]
25 Apr 2017, 9:33 am
If you aren’t provided coverage, then it would behoove you to add the additional insurance that rental car companies offer. [read post]
25 Apr 2017, 9:04 am
I imagine insurance companies will be calling their tribal insured right quick, and vice versa. [read post]
25 Apr 2017, 4:46 am
Seneca Insurance Company, Inc. [read post]
25 Apr 2017, 3:00 am
Baxter paid $15 million to settle the lawsuits and then filed its own lawsuit against Axa Versicherung and a German insurance company for indemnification. [read post]
24 Apr 2017, 2:25 pm
Clubs and companies are invited to schedule a free seminar. [read post]
24 Apr 2017, 11:12 am
The generic-drug company, Sandoz, seeks slightly less patent protection, which would lower drug costs and provide short-run benefits to consumers and health insurance companies. [read post]
23 Apr 2017, 4:00 am
” Insurance in Québec: Exclusions; Police Chases Desjardins Financial Security Life Assurance Company v. [read post]
21 Apr 2017, 9:10 pm
On March 28, 2017, a New Jersey federal district court found an insured’s evidence supporting their property damage coverage claim was sufficient to survive the insurer’s motion for summary judgment.1 On October 23, 2014, MD Retail Corp. located in Monmouth Beach, New Jersey, filed a breach of contract complaint against their insurer, AmGuard Insurance Company, … Continue Reading . [read post]
21 Apr 2017, 12:32 pm
During a stressful, unusual time, an insured may not be in the state of mind to ensure the company has her or his best interests in mind. [read post]
21 Apr 2017, 6:21 am
Two whistleblowers will share $2.3 million in the $9.9 million settlement of False Claims Act cases they filed against Walgreen Co., which they accused of billing both California and federal insurance programs for drugs without proper documentation. [read post]
20 Apr 2017, 1:16 pm
In granting State Farm’s motioin to dismiss, Judge Rodriguez wrote: “While the lack of a reasonable basis may be inferred and imputed to an insurance company, there must be allegations of reckless indifference to facts or to proofs submitted by the insured… (quotations and citations omitted). [read post]
20 Apr 2017, 11:01 am
In addition, the federal breach notification requirements applicable to financial institutions subject to the Gramm-Leach-Bliley Act, and covered entities under the Health Insurance Portability and Accountability Act, both contemplate incidents of unauthorized access to paper records as well as electronic records. [read post]
18 Apr 2017, 12:45 pm
This is in addition to any investigations by private insurance carriers. [read post]
18 Apr 2017, 12:45 pm
This is in addition to any investigations by private insurance carriers. [read post]
18 Apr 2017, 11:46 am
The American Insurance Association is another fervent supporter of the FACT Act. [read post]
18 Apr 2017, 7:11 am
These rules and their interpretation generally work in favor of the insurance companies which is why insurance companies always want a case in Federal Court and why lawyers representing insureds generally try to avoid Federal Court. [read post]
