My last post talked about new developments that may have a significant impact on the way property insurance is issued in Florida and what role property managers may play in the future.
In my last blog post, I discussed how the Florida House of Representatives were preparing to vote on House Bill 129 – or the “Citizens Sinkhole Repair Bill.”
As those involved in D&O Insurance claims well know, a recurring D&O insurance problem is the question of whether or not the D&O insurer for a bankrupt company can pay the costs of the bankrupt company’s former directors and officers incurred in defending claims against them. Disputes arise when the individuals seek to have the stay in bankruptcy lifted to allow the insurer to pay thei
The Supreme Court of Georgia has held that an appraisal clause in an insurance policy can only resolve “a disputed issue of value…it cannot be invoked to resolve broader issues of liability.”
We are busy submitting corrected proofs of loss for policyholders as the Monday deadline nears.
Overall Filings of corporate and securities lawsuits during the first quarter of 2014 were at their lowest levels since before the financial crisis, according to the latest report from Advisen, the insurance information firm.
In an interesting April 7, 2014 opinion (here), Magistrate Judge Stanley A. Boone of the Eastern District of California, applying California law, held that a D&O insurance policy’s insured vs. insured exclusion precludes coverage for claims brought against former officers of the failed County Bank of Merced, California by the FDIC in its capacity as the failed bank’s receiver.
The Affordable Care Act is driving innovation at all levels of the healthcare system, creating opportunities for small start-ups to compete with industry giants
In my last post, I wrote about my trip to Oklahoma and the opportunity to help victims of devastating hail storms and catastrophic tornadoes.