August 10, 2017

Insured homeowners in California whose homes have been badly damaged, but not destroyed, are entitled to coverage for the cost of repairing them, even if that cost far exceeds the property’s market value, under a ruling that has now become final.

The state Supreme Court unanimously denied review Wednesday of an insurance association’s appeal from a lower-court decision favoring a...

As posted at:
August 8, 2017

Wells Fargo is in the hot seat again.

The jumbo bank, which is still recovering from a massive fake account scandal that broke less...

As posted at:
July 5, 2017
 
For decades, Louisiana law maintained that—under standard language found in most commercial general liability policies—insurers who had a duty to defend their policyholders must defend the entire lawsuit, including in long-latency cases. In other words, your defense attorney was on the case—at the insurance company’s expense—even if some of the alleged actions took place...
July 4, 2017
 
My wife and I were chatting the other night about Republican efforts to reboot the U.S. healthcare system as a horror movie — stripping health coverage from more than 20 million Americans, boosting premiums for many and gutting Medicaid.
 
She finally brought the conversation home by asking: “What happens if something happens to you?”
...
As posted at:
June 29, 2017
The Eleventh Circuit will hear arguments Thursday on whether Nationwide's mere negligence in failing to settle claims against a policyholder is sufficient to hold the insurer liable for a judgment exceeding policy limits, in a case that could have a widespread impact on insurance bad faith cases under Georgia law.
 
What's At Stake
...
As posted at:
June 22, 2017
 
Ted Peach, a Nevada County resident who lives on Banner Mountain, said the rate for his home insurance policy recently went up from $1,200 to $3,800.
 
"The house has cementboard siding, metal roof, ironwood deck and has very good vegetation clearance," he said. "Our rates are going up? What more can I do to my house than what I have done?"
...
As posted at:
June 13, 2017

 

Six U.S. senators agree to fix the troubled federal program. Powerful floods devastate communities across America every year. After these catastrophic natural disasters, too many Americans find themselves facing a man-made calamity: a National Flood Insurance Program that overcharges and underdelivers for policyholders and for taxpayers.

June 12, 2017

 

Privatizing federal programs is a mantra of President Trump...

As posted at:
June 9, 2017
 
After an April windstorm tore roof shingles off his house, Nick Ragone of Rochester, New York, figured it would be a routine claim process. But then his insurance company asked if it could use a new tool to inspect the damage.
 
Instead of a ladder, the claims adjuster brought a drone. The small quadcopter — a helicopter powered by four rotors —...
As posted at: