Tag: Insurance
Socal Edison Reaches $2.2B Settlement For Woolsey Fire
NewsSouthern California Edison will pay $2.2 billion to settle insurance claims for the Woolsey fire that tore through Malibu in 2018.
UnitedHealth Hires Legal Chief as Pandemic Disrupts Business
NewsUnitedHealth Group Inc. announced Friday its hire of Matthew Friedrich as chief legal officer, a role he will assume Jan. 11, as the managed health care and insurance company copes with the ongoing fallout from the coronavirus pandemic.
Settlement in Deadly Sinking of Scandies Rose Crab Boat Calls for More Than $9M Payout
Newshe owners of the Scandies Rose have reached a settlement of more than $9 million with two surviving crew and the families of four men who died when the Washington-managed crab boat went down Dec. 31 off Alaska.
N.C. Judge First to Favor Policyholders in COVID-19 Closure Lawsuit
NewsA judge in Durham County, North Carolina has handed down what may be the nation’s first dispositive ruling in favor of policyholders in a COVID-19 business-interruption lawsuit.
After Refusing $30K Settlement Offer, Bad Faith Suit May Cost GEICO $2.7M
NewsMore than eight years after Bonnie Winslett tore up and threw away a summons that notified her she was being sued, the Georgia Supreme Court is being asked to resolve questions of law that will determine whether GEICO Indemnity Co. must pay approximately $2.7 million of a court’s award against her.
Wheeling Hospital Agrees to $50M Settlement Concerning Medicare Fraud Claims
NewsWheeling Hospital, Inc. has agreed to pay the United States a total of $50,000,000 to resolve claims that it violated the False Claims Act by knowingly submitting claims to the Medicare program that resulted from violations of the Physician Self-Referral Law and the Anti-Kickback Statute.
Split Pa. Supreme Court Leaves Nationwide Free of $21M Bad-Faith Judgement
News
A deadlocked Pennsylvania Supreme Court on Tuesday voted to let stand a state Superior Court ruling overturning a $21 million bad faith ruling against Nationwide.
Texas Supreme Court Reinforces the Eight-Corners Rule, Or Does It?
News
In Richards v. State Farm Lloyds … the Texas Supreme Court answered a certified question posed by the Fifth Circuit Court of Appeals; namely, whether the absence of a clause requiring a carrier to defend claims that are “groundless, false or fraudulent” means that the “eight-corners” rule does not apply when determining the existence of a duty to defend.
Pasich LLP Legal Alert on Insurance Coverage for Losses and Claims Associated with the Coronavirus
White Paper
As the coronavirus spreads around the world and economic losses mount, insurance should not be overlooked.
Detecting Fraudulent Certificates of Insurance
Insight
The certificate of insurance is one of the most important documents that you can review in connection with your business contract, because if something goes wrong, you may need to tap that coverage.
Tightening Up Contracts in a Hardening Insurance Market
Insight
Jason Reeves and Helen Campbell of Zelle LLP offer some advice on commercial property insurance contracts in the firm’s Articles.
The Negligent Breach of Contract Problem In Liability Insurance
Insight
Even if an errors and omissions policy contains a breach of contract exclusion, coverage may be available in a breach claim, depending on the circumstances and applicable law, writes Charles P. Edwards for Barnes & Thornburg.
Association Construction Contracts — What are Risks of That Waiver of Subrogation Term?
Insight
The 4th Circuit held that a subrogation waiver provision in a construction contract barred an association’s insurance company from seeking to recover from an allegedly negligent contractor.
Stormy Skies Ahead? Important News Regarding a Hard Construction Insurance Market
Insight
The construction insurance industry has entered a hard market, seemingly overnight, warns Jason Adams, senior counsel at Gibbs Giden.
The Murky Waters Between ‘Good Faith’ and ‘Bad Faith’
Insight
The more sophisticated the business and risk management department is, the more likely they have a sophisticated insurer writing their coverage.
Think Twice About Depreciating Repair Costs in Our State, says the Tennessee Supreme Court
News
Tennessee’s Supreme Court recently held that an insurer may not withhold repair labor costs as depreciation when the policy definition of actual cash value is found to be ambiguous. Tennessee joins other states like California and Vermont that prohibit the depreciation of repair labor costs in property policies.
Crumbling Concrete Not Covered Under ‘Collapse’ Provision in Homeowner’s Policy
Insight
In recent years, the foundations of approximately 35,000 homes in northeastern Connecticut have begun to deteriorate as a result of faulty concrete used to build homes during the 1980s and 1990s. Dozens of homeowners have been suing their insurers for denying coverage for claims based on the deteriorating foundations.
5 Insurance Tips Before the Storm Hits
Insight
Dallas insurance litigator Meloney Perry of Perry Law P.C. offers some storm insurance tips to keep in mind before and after a storm hits.
State Farm Ducks Racketeering Trial With $250 Million Accord
News
Policyholders had accused the company of leading an effort to recruit a judge friendly to its cause for the Illinois Supreme Court, Bloomberg reports.
Negotiating Commercial Contracts – Insurance Words of Wisdom
Insight
Many commercial contracts contain risk-transfer provisions, including indemnification and insurance requirements, according to SandRun Risk.
