A common in the claim process is the late reporting of claims. There are many reasons for missing a reporting deadline; however, in most cases, they will not matter. We have seen the courts stand behind the strict reporting requirements of the insurance policy. The policy is a binding contract between the two parties, and …
According to the recent ruling of West Virginia Supreme Court pharmacies and doctors who negligently prescribed pain medication can be sued for enabling people’s addictions. According to court documents, FBI raided and shut down the Mountain Medical Center in Williamson in 2010 and found evidence of improperly prescribed controlled substances involving 29 people who became …
This morning, downtown Los Angeles is on a massive fire. The apartment tower that was under construction is burnt down to ashes. Other buildings surrounding it are heavily damaged. When the fire department is finished, who is going to pay for damages? First, the damage to the building under construction worth at least the cost …
Roof is the largest single surface and the first line of defense in protecting your home. Insurance carriers tend to see a lot of damage to roofs in those instances where they also have structural claims. Obviously certain portions of the country get very different climate and different winter weather. The northern states will have …
Often times our prospective clients tell: – “I wouldn’t worry about this…” or “I wouldn’t worry about that particular issue with my coverage… How likely people are going to sue me for something I should not be responsible for?” Well, our answer is something most people are not going to like: – In United States …
Swiss Re has released a report – ”New emerging risk insights,” which is based on the reinsurer’s SONAR process, described as a “unique tool which uses Swiss Re’s internal risk management expertise to observe and evaluate new and emerging risks.” Some of the other emerging risks examined in the SONAR report includes the following: Cloud …
Our West Coast readers can skip this post. All other homeowners in the U.S. are aware that with a snow comes snowplow damage. Mailboxes often are the first objects damaged because of snowplows, and the city ordinance may note that city shouldn’t be responsible for digging them out if they are covered with snow. Many …
According to State Farm: Texas—47,000 claims Illinois—41,000 claims New York—34,000 claims Ohio—31,000 claims Missouri—25,000 claims Tennessee—24,000 claims Indiana—23,000 claims New Jersey—23,000 claims Kentucky—22,000 claims Colorado—16,000 claims While hail storms most frequently impact the Great Plains and Midwest, every state in the nation is susceptible, according to the insurer. * According to State Farm damage caused by …
Operation of a commercial grade kitchen, many safety considerations should be addressed, including food safety, employee and volunteer safety, and fire safety. This blog post addresses the specific issues associated with providing adequate fire safety for your kitchen. Commercial cooking operations are defined as kitchens that have cooking equipment that produce grease and grease laden …
Questionable insurance claims rose by 38 percent in TX from 2010 through 2012, the National Insurance Crime Bureau (NICB) reports. Questionable claims (hereby referred as QC) are those claims that NICB member insurance companies refer to NICB for closer review and investigation based on one or more indicators of possible fraud. A single claim may …