Ijust finished my weekly IIABNY Live! webcast where we talked about this same subject – claims handling. Unfortunately I am very familiar with this subject as I just had both a homeowners and an auto claim in a month’s span. Before you jump to conclusions and assume I am a bad client I want to […]
Governor Andrew M. Cuomo announced that 46 commercial drivers, including bus drivers, were arrested in and around New York City for fraudulently obtaining multiple driver licenses using an alias. The arrests, made possible through the state’s use of facial recognition technology, were part of the Governor’s ongoing crackdown on bus safety that began March 17. […]
Royal Housing LLC v Allegany Co-op Ins. Co. Do the lower courts (such as City Court, in this instance) have jurisdiction to hear suits for insurance benefits where the defense is an exclusion? Yes, holds the City Court of Jamestown in this case. Allegany Co-op Insurance Company moved for an order dismissing plaintiff ’s complaint […]
Does “additional coverage” — insurance over and above the statutory minimum — purchased by someone who rents a car, extend to other drivers not authorized by the rental agreement? This court holds “no.” In this action, plaintiff Clarence Crummell (“Plaintiff”) seeks to recover for personal injuries allegedly sustained in a motor vehicle accident on June […]
Private U.S. property/casualty insurers’ net income after taxes rose to $34.7 billion in 2010 from $28.7 billion the year before, with insurers’ rate of return on average policyholders’ surplus — a key measure of overall profitability — increasing to 6.5 percent from 5.9 percent, according to ISO and the Property Casualty Insurers Association of America […]
Allegany Co-op Insurance sent its insured, Michael Stoppani, a letter demanding a proof of loss in connection with fire damage he had reported. The letter was sent by both regular and certified mail. Michael received the certified mail letter on March 9th, 2009. He submitted the proof of loss on May 8th, 2009, which is […]
The plaintiffs alleged that their home and its contents were damaged as a result of a rainstorm. They filed a claim under a homeowners insurance policy issued by the defendant, Graphic Arts Mutual Insurance Company. Graphic Arts informed the plaintiffs that the damage to their home was covered under the policy. However, it disclaimed coverage […]
Many of you I am sure, no matter where in the country you reside, have heard the phrase “He Could-Go-All- The-Way!” spoken numerous times by one of the leaders in sports media. There are probably hundreds of pieces of video tape out there that have a football player running down the sidelines, while this famous […]
Given the industry’s 2010 results – our cover story- here’s a timley report. “Driving Operational Excellence in Claims Management,” just issued by Deloitte finds that property / casualty insurers who upgrade to better claims management also increase efficiency, reduce costs, and improve customer and agent service..” To enhance operational excellence in claims, the report suggests […]
A Beacon International Group, Ltd. Member
