Topics: Insurance Law - 37 results

Summer’s long gone and you’re back to work and your kids are back to school. You carpool to work, and a friend, or possibly someone you don’t even know, is ferrying your kids to and from after-school events like soccer practice. What do you know about their driving habits? What happens if there’s an accident? As we’re finding out, distracted driving laws aren’t reducing accidents.   A carpool accident can easily exhaust the driver’s liability coverage Your UIM coverage is …

It’s been three years since we learned the sad story of NFL star Michael Vick’s fighting Pit Bulls. That’s 21 years in human life and time enough for a heartwarming story of redemption for most of the dogs. Almost all of Vick’s Pit Bulls have found loving homes, writes Sports Illustrated’s Jim Gorant in his recent book, The Lost Dogs: Michael Vick’s Dogs and Their Tale of Rescue and Redemption. It’s something most animal experts thought unlikely.   Most of …

You know the old saying about a home being a money pit? Never truer for underwater mortgagees, and it’s become a literal reality for homeowners and their insurers in Florida. A plague of Florida sinkhole insurance claims threatens the solvency of some Florida insurers.   Sinkholes swallowing homes, shifting foundations, causing other damage Zealous or overzealous public adjusters urging sinkhole claims on homeowners Insurance payouts exceeding premium income; rate increases sought   Eager Public Adjusters Chase Sinkhole Claims Florida’s geology makes …

New York’s Attorney General Andrew Cuomo has an ally in his investigation of life insurance death benefit payout practices. Retired General Wesley Clark is lobbying Congress on behalf of survivors of service members whose death benefits have been kept by insurers. According to Cuomo and Clark the insurers are using the death benefits to their own advantage.   Insurance companies keeping death benefits in retained asset accounts Account earns interest, but insurer earns more Death benefit payout options can involve …

Anyone who has filed an insurance claim knows that insurance companies can make it very easy or very difficult to get that claim approved. If you have health insurance, you’ve probably seen how simple it can be. For example, when you file a routine prescription, most pharmacies quickly communicate with your insurer, get the prescription approved and 15 minutes later you walk out with your prescription in exchange for a small co-pay. There’s usually no paperwork to file and very …