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
Property Insurance Coverage Law Blog
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A Veterans Day Weekend Property Insurance Case
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:…
Frivolous Lawsuits, Poor Lawyering, or Lawsuits Which are Not Bad Faith?
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’,…
Bad Faith Verdict Upheld
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:…
Nationwide Escapes ALE Class Action Based on California Statute of Limitations
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: …
American Policyholder Association Publishes Study Highlighting Florida Insurance Market Claims Payment Issues
Insurance Regulators Play an Important Role Regarding Insurance Policy Standards—The 1% Matching Tragedy
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…
Statute of Limitations in Colorado Insurance Bad Faith and Delay/Denial Cases
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…
Why Time Matters Differently in Colorado for Homeowners, Business Owners, and HOAs
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. …