August 5, 2010
The NY Insurance Department recently proposed important new regulations, 11 NYCRR 222, banning discretionary clauses in New York. These regulations are immensely important because they will dramatically increase court scutiny of long term disability denials. United Policyholders, a non-profit consumer organization which advocates for fairness in insurance transactions, asked Scott M. Riemer to...

August 5, 2010
Insurance companies are in the business of making money. So consumers need to know these tips to avoid getting the runaround. Charles Thomas still isn't sure which was worse: The fire that broke out on the deck of his San Francisco home two years ago or trying to get his insurance company to pay up. "I explained to them and they could see that I was flooded," said Thomas. But according to Amy...

August 5, 2010
The founder of the national law firm Anderson Kill & Olick -- who built a career based on suing insurance companies -- died July 30 after complications from pneumonia. Eugene R. Anderson was 82. Dubbed "the dean of policyholder's attorneys" by BusinessWeek, he pioneered influential approaches to insurance coverage litigation on behalf of policyholders -- corporate and individual, according...

August 5, 2010
The next time you’re talking with your insurer about filing a claim, you may want to watch what you say. According to the latest tip of the month from United Policyholders, a nonprofit group focused on educating consumers about insurance, certain words set off alarm bells among insurance representatives, who often automatically think “excluded” and delay or deny your claim when they hear those...

July 15, 2010
As we were discussing roofing scams around the office, it prompted some interesting conversation. After a hailstorm in 2006, a salesperson knocked on my door and offered to fix our damaged roof. I told him I was fine and didn't need his help. Instantly, his tone changed and he became more aggressive, so much in fact, it awoke my husband from a nap. He thrust his business card inside my screen...

July 7, 2010
ASI Lloyds, a Florida insurer that started writing homeowners coverage in Louisiana last year with the help of a $5-million grant from taxpayers, has been opting not to renew policies to manage its hurricane exposure in the state. Last month, Louisiana homeowners got letters from ASI Lloyds informing them that company had taken on too much risk in the New Orleans area or that their homes did not...

July 7, 2010
Commercial general liability (CGL) insurance policies generally cover liability for unsolicited "blast faxes" that violate federal law, a Florida court has ruled. The Supreme Court of Florida issued its ruling Jan. 28 in a case involving a 2003 CGL policy provision on advertising injuries and the Telephone Consumer Protection Act (TCPA). As a result, plaintiffs in a class action suit who sued...

July 7, 2010
As the nation's insurance adjusters descend on Mississippi and Alabama to assess the damage of last weekend's deadly tornado, one question that worries its victims is whether insurers will try to avoid covering claims related to the disaster. The tornado, which has already resulted in at least 12 deaths and destroyed nearly 1,000 homes, was given a rating of EF-4, the second highest tornado...
As posted at: Daily Finance

July 7, 2010
Earthquakes are one of the natural disasters that are not typically covered under conventional homeowners insurance policies. And while many people think that Californians are the only ones who need to worry about earthquake insurance, the reality is that earthquake risk is far more widespread than that, says Michael T. McRaith, chairman of the Property and Casualty Committee of the National...

July 7, 2010
WASHINGTON — President Obama gets high marks, even from some Republicans, for the way he has begun carrying out the new health care law in the 100 days since it was signed. And a new poll suggests a small increase in favorable views of the measure since May. But it remains unclear whether a substantial number of people will see tangible benefits before the November elections, and whether those...