Assignment of Benefits Abuse Rises in Florida
In its recently published ‘Assignment of Benefits Report for Florida,’ the III estimates that Florida’s auto and homeowners’ policyholders have paid about $2.5 billion more for insurance over the past dozen years to cover the increase in legal costs triggered
Restaurant Insurance Claim Rejected
INDUSTRY NEWS: A restaurant that was temporarily closed by order of officials after Sandy has had its insurance claim rejected.
Insurers’ Duty to Settle Within Insured’s Policy Limits
INDUSTRY NEWS: Does an insurer’s duty to settle arise only when the injured party presents a valid offer to settle within the insured’s policy limits?
New Jersey State Bar Assoc. Opposes Drastic Change
INDUSTRY NEWS: The New Jersey State Bar Association opposes “drastic” change in law to favor insurance producers
Divided Florida Supreme Court Drastically Expands Liability for Bad Faith Claims
INDUSTRY NEWS: A divided Florida Supreme Court drastically expands liability for bad faith claims
King County sues Insurance Company over Claims Rejection
INDUSTRY NEWS: King County is suing Ace American Insurance Company over sewage and wastewater infrastructure repair
Delaware Insurance Department Approves Genworth Acquisition by China Oceanwide
INDUSTRY NEWS: Delaware Dept of Insurance approves China Oceanwide acquisition of Genworth
Can Claims Adjusters Be Held Individually Liable?
INDUSTRY NEWS: Can claims adjustors be held individually liable in bad faith lawsuits?