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17 Mar 2011, 8:14 am
The application of this insurer favorable standard of review has lowered the bar of acceptable claim handling, or better stated, has further incentivized insurers to terminate legitimate claims with flimsy claim handling, as there will often be sufficient information for the insurers' lawyers to cite to in litigation to justify the claim handling under this standard of review. [read post]
12 Nov 2023, 4:41 pm by Chip Merlin
An insurance company issued a property insurance policy to the policyholder defendants, listing the Veterans Administration as the mortgagee under a standard mortgage clause. [read post]
24 Aug 2022, 3:00 am by Derek Chaiken
A recent unpublished opinion from the Ninth Circuit Court of Appeals discussed uberrimae fidei.1 The appellate court reversed the trial court’s grant summary judgment in favor of Great Lakes Insurance against its insured, Tamara Lee Smith, holding that the You Oughta Know standard may not apply when preparing a joint insurance application in California. [read post]
28 Dec 2011, 7:59 am
Reliance Standard Insurance apparently failed to appreciate guidance from the Court, where it had previously remanded a claim back to perform an appropriate review of the claimant's eligibility for long term disability insurance benefits. [read post]
19 Jun 2012, 8:55 am by Ellis Carter
Unlike general liability insurance where there is standard policy language, each insurance company writes its own specialized D&O Insurance policy. [read post]
17 Oct 2020, 4:53 am by Mark S. Humphreys
  This has to do with the pleading standards in Federal Court and necessity of pleading proper facts to support a claim in Federal Court. [read post]
6 Nov 2023, 12:09 am by Gregory Dell
In this video long term disability lawyer Alex Palamara discusses the reasons Reliance Standard denied disability benefits and the strategies Alex took to get the disability insurance denial reversed. [read post]
29 Nov 2018, 3:55 pm by McKennon Law Group PC
If … The post Court Rules That an Insurer Failed to Use Proper “Reasonable Continuity” Standard in Evaluating a Preexisting Condition that Disabled the Claimant appeared first on McKennon Law Group PC. [read post]
29 Oct 2023, 6:30 am
On October 3, 2023, the Federal Deposit Insurance Corporation (“FDIC”) proposed standards for corporate governance and risk management for the institutions it regulates that have $10 billion or more in total assets (“Proposed Standards”).[1] The Proposed Standards would establish extensive and rigid requirements for a wide range of state-chartered banks.[2] Further, they would reverse decades of reliance on state law for establishing… [read post]
29 Oct 2023, 6:30 am
On October 3, 2023, the Federal Deposit Insurance Corporation (“FDIC”) proposed standards for corporate governance and risk management for the institutions it regulates that have $10 billion or more in total assets (“Proposed Standards”).[1] The Proposed Standards would establish extensive and rigid requirements for a wide range of state-chartered banks.[2] Further, they would reverse decades of reliance on state law for establishing… [read post]
16 Apr 2013, 7:13 am by Specialty Insurance Blog
The insurance agency requested insurance agents E&O coverage without realizing that there was a shortfall in the standard coverage. [read post]
31 Oct 2022, 10:37 am by Mark Scott
The amount of money a standard homeowners insurance policy pays out depends on several factors. [read post]
29 Mar 2007, 12:09 pm
APRA has released new prudential standards and prudential practice guides on risk management (LPS 220) and business continuity management (LPS 232) for life insurance companies (including friendly societies). [read post]
28 Oct 2009, 12:49 pm by Michael Thomas
Claims against Insurer in negligence and breach of contract dismissed on a non-suit motion on the basis of the Insureds' failure to adduce evidence of the standard of care. [read post]
9 Jan 2014, 7:29 am
Standard Fire Insurance, reviewed recently by the South Carolina Supreme Court, the difference between stacked and non-stacked coverage meant $750,000 more in pay-outs following a devastating car accident. [read post]