Arbitrators have Substantial Discretion to Determine the Scope of Their Contractual Authority to Fashion Remedies Arbitration is controlled by strong public policies favoring arbitration as a speedy and relatively inexpensive means of dispute resolution. For that reason arbitration awards are almost never overturned unless the aggrieved party can prove the arbitrators exceeded their powers, acted […]
Dynamic Balance Acupuncture, P.C. v State Farm Ins. In this no-fault suit, State Farm moved for summary judgment on the grounds of the provider’s failure to respond to two EUO requests. Civil Court denied the motion, finding an issue of fact as to the reasonableness of the EUO requests. The Appellate Term reversed, holding that […]
By Donald T. Decarlo and Roger Thompson In 2017, of the 38 states where the National Council on Compensation Insurance (NCCI) -the insurance rating and data collection bureau specializing in workers’ compensation for the majority of states- made rate filings, 36 of those filings were for decreases; many of which were double digit decreases. […]
116th Congress Tries Healthcare Cures as Rhetorical Fever Soars
The 116th Congress has rolled out new health care legislation. The Republicans squandered their chance to repeal the ACA or otherwise bring medical care back into the hands of patients and physicians. One could look at the push for Medicare for All as an acknowledgement that the ACA was not a success. The House Medicare for All caucus is in the process of revising the prior Medicare for All bill that had been floating around since 2003. Apparently, the new bill will track Bernie Sanders’ Senate bill, S. 1804 which is more fleshed out.
A great friend and a true catalyst in the insurance and reinsurance communities, Dick Kennedy was a leader in the field of insurance law and in reinsurance dispute arbitration. Thomas Richard Kennedy (1935-2019), founder of the ARIAS, the national reinsurance and insurance arbitration society, passed away peacefully at the Avow Hospice House, in Naples, Florida […]
You’re striving to operate as efficiently as possible to increase your company’s profit margin. But then someone in the company steps on a legal landmine and you spend $50,000.00 to win a lawsuit. If you fight and win or lose, you could spend $150,000.00 or more, even on a weak case. You CAN take steps […]
Trenton, N.J.—The Professional Insurance Agents of New Jersey applauds the state Senate and the state Assembly for passing its top-priority bills S-2475/A-2034, unanimously on Feb. 21 and Feb. 25, respectively. The bills, which would prohibit application of a fiduciary standard to insurance producers, will be sent to Gov. Phil Murphy for his consideration. The bills […]
Seems like a weird title, doesn’t it? But when you really explore what insurance is all about it makes sense. Insurance protection saves lives and businesses. Helps families and businesses continue to function after serious and sometimes tragic events. Brings people healing and hope when things look desperate. Allows every facet of life and business […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor The Internet of Things (IoT) is a term used to describe everyday objects that are connected to the Internet. Gone are the days when “high tech” meant a remote control for your tv or garage door. “Smart” technology offers convenience, energy, […]
A Beacon International Group, Ltd. Member
