Transparency is fundamental to fostering honesty in any industry, particularly in insurance, where trust is paramount. Advocating for fairer claims treatment raises a crucial question: why aren’t insurance companies required to disclose their claims files to their policyholders? If insurance
An insurance company issued a property insurance policy to the policyholder defendants, listing the Veterans Administration as the mortgagee under a standard mortgage clause. The policy contained the following provision regarding additional insurance:
I recently appeared on a Public Broadcasting Service show discussing the ongoing insurance crisis in Florida. During the segment, an insurance industry expert attributed insurance companies’ skyrocketing premiums, unresolved claims, and financial troubles to what they termed as ‘frivolous lawsuits’,
A federal judge upheld a jury verdict yesterday1 in a case I reported on in Merlin Law Group Wins Bad Faith Jury Verdict. The court noted in part:
Additional living expense calculations are often overlooked when adjusting property insurance claims. A California class action complaint shows how Nationwide Insurance tries to save millions on that calculation:
The American Policyholder Association (APA) just issued a study, Justifiable Grievances: New Analysis of Regulatory Complaint Data Suggests High Rates of Litigation in Florida Homeowners Insurance Market are Driven by Substantial Claims Payment Issues, not Frivolous Lawsuits. The report
Over 150 years ago, fire insurance companies crafted myriad clauses and diverse property insurance forms filled with exemptions and limitations, which prevented full recovery for losses. This prompted most states to adopt a standard fire insurance policy and implement oversight
If an insurance company is unfairly or unreasonably handling your claim, be aware that there are strict deadlines, known as statutes of limitations, by which you must take legal action. In my previous post, Why Time Matters Differently in Colorado
In Colorado, a homeowner’s time limit for filing a breach of contract lawsuit against an insurance company for an unpaid or underpaid claim can differ from the time limits imposed on business owners and homeowners associations.
