In 1994 Susan Lass took out a mortgage on her house, which is an area that is designated under the National Flood Insurance Act as a special flood hazard area. (For older posts on flood insurance legislation, see here and then scroll down.) As a named plaintiff in a class action lawsuit Lass alleged that Bank of America, the mortgagee, breached her mortgage contract by requiring her to have more flood insurance than was required...
How to Choose Fleet Insurance
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Fleet Insurance
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Currently many companies that offer fleet insurance. If you require fleet insurance, you should consider a few things below.When you are running a company that transports items back and forth it can be expensive. However, if you know what to find in fleet insurance it will be easy to locate the plan which can help save you quite a bit of...
How to Choose Fleet Insurance
Labels:
Fleet Insurance
0
comments
Currently many companies that offer fleet insurance. If you require fleet insurance, you should consider a few things below.When you are running a company that transports items back and forth it can be expensive. However, if you know what to find in fleet insurance it will be easy to locate the plan which can help save you quite a bit of...
Fraud on pet insurance increasing in England
Read all about it here. But only if you want to be outraged and sadden...
Okay -- an insurer should be bound by a mutual mistake over the terms of the policy . . . sometimes
Last week I wrote a somewhat snide post about a Superior Court decision in Caron v. Horace Mann Ins. Co., a decision that was reported in Massachusetts Lawyers Weekly but that I have not seen. The judge apparently held that an insurance company is bound by a mutual mistake between an insured and an agent over the terms of the policy.My knee-jerk reaction was that the terms of the policy always trump, and that an insured is presumed...
New Federal Insurance Office to compile financial data on insurers
Here's a detailed article that explains upcoming changes in the public availability of financial data on insure...
Keep your policies forever
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keep your policies
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I can't say it too often: Keep copies of your insurance policies, forever, in a place you can find them. If at the beginning of your policy year your insurer or agent sends you only the coverage selection (or "declarations") page -- the page that summarizes your coverages -- ask for a copy of the entire policy. Do it immediately or you may never get it. And when you get it, make sure that the policy forms and endorsements provided...
Disagreement between First Circuit and Superior Court on whether terms of insurance policy control coverage
Welch Foods was sued by a competitor and by consumers for placing a label on a three juice blend bottle that pictured mainly pomegranates, even though the juice blend consisted primarily of apple and grape juice. A jury in California found that the label had a tendency to deceive a substantial number of customers. (Really? You really think that a three juice blend will consist primarily of pomegranate juice?)Welch requested insurance...
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