As we age, our chances of needing long-term care increase—and about 53% of us will need some form of long-term care for more than a year. In 2020, the average cost of a private room in an Illinois nursing home was $84,312. In the greater Chicago area, it cost $102,384. Even if you have significant assets, these costs might seem unmanageable. That is why many people invest in long-term care insurance to help reduce this…
Liability Insurance Is See the full video at https://rumble.com/zalma and at https://youtu.be/GOsR9SNLwJo Insurance, by definition, is a contract where the insurer, for consideration (premium) agrees to indemnify another against a contingent or unknown risk of loss. It is used as a method to spread losses among many people who are insured with the same company. The insurer, by its policy, promises, in exchange for a premium, to pay to defend and indemnify the insured, in…
This Kaiser Health News article highlights the challenges of women attempting to obtain coverage for appropriate birth control options recommended by their physicians. The article shows how insurance coverage is driven by a chart developed by the FDA for consumer education, not intended to exclude insurance coverage for other types of birth control. Insurance companies further restrict coverage by limiting options to a list of approved products and requiring patients to given reasons why they…
A Video Explaining the Need tor Training of the Fair Claims Settlement Practices Regulations See the full video at https://rumble.com/c/c-26292 and https://youtu.be/4FjWGGa4PHU In 1993, after waiting five years after receiving direction from the California Supreme Court, the state of California determined that the insurance industry needed to be regulated to stop insurers from treating the people insured badly and without good faith. It created a set of Regulations called the “California Fair Claims Settlement…
“Use” of a Vehicle is not a Use Completely Foreign to a Vehicle’s Inherent Purpose Amy was sexually assaulted by Cody Triebs inside the cab of Triebs’ pickup truck and on the truck’s tailgate. At issue in this appeal is whether insurance policies issued by 1st Auto & Casualty Insurance Company and Progressive Universal Insurance Company provide uninsured motorist (UM) coverage for Amy’s injuries. In 1st Auto & Casualty Insurance Company v. A. P., a…
In a decision last week entitled Landry’s, Inc. v. The Ins. Co. Of The State Of Pennsylvania, No. 19-20430, 2021 WL 3075937 (5th Circ., July 21, 2021), the Fifth Circuit Court of Appeals found coverage under a CGL Policy for a traditional data breach. More particularly, the Fifth Circuit held the insurer has a duty to defend Landry’s in the litigation that resulted from a breach incident involving credit card information. This case marks a…