Insurance is intended to protect the insurance company customer (“insured”) from fire damage. The policy holder pays the premium for fire insurance. If the property catches fire, the insurance pays for the losses. Obviously, the customer cannot commit arson. Intentionally
Latest from Oklahoma Insurance Law - Page 5
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Turkey Fryers, Fires, and Liabilities, Oh My!
Do Insurance Policies Provide Coverage for Man-made Earthquakes in Oklahoma?
Earthquake insurance is not automatically included in a standard homeowners policy. However, insurance companies may provide coverage for earthquakes for an additional charge. Earthquake coverage may be purchased as either an endorsement to a homeowners insurance policy or it may
Residential Candle Fires
Fires caused by candles result in $390 Million in claims for property loss or damage. It is estimated there are 165 fatalities each year from burning candles. Retail candle sales are increasing every year with a 700% increase
The Relationship Between The MCS-90 Endorsement And The Underlying Insurance Policy
There is some disagreement between the courts in the way they are interpreting and applying the MCS-90 Endorsement and its relationship to the underlying insurance policy.
The majority of jurisdictions consider the insurer’s obligations under the MCS-90 endorsement to be
Court Lacked Jurisdiction Over Out-Of-State Insurance Holding Company
Plaintiff filed a lawsuit against her automobile insurance carrier, Granite Insurance Company (“Granite”), for breach of contract and bad faith in investigating her insurance claim. Plaintiff also named as a Defendant American International Group (“AIG”), the holding company for Granite. Granite
The MCS-90 Endorsement – Background and Purpose
Congress passed the Motor Carrier Act of 1980 (MCA) with the intention of overhauling “outdated and archaic regulatory mechanisms, while retaining the pluses of an industry that has worked by simply conducting itself under the ‘rules of the game.’ “