To promote efficient resolution of workers’ compensation claims, the New York State Workers’ Compensation Board will begin indexing every complete case on Sept. 26, 2024, for cases assembled on or after this date. For information on the announcement, see Subject Number 046-1704. As a result, the majority of claims assembled that contain a medical report of […]
Openly, the premium homeowners insurance provider, has announced it has begun offering its comprehensive coverage options to independent insurance agents and policyholders in Delaware. This launch marks the company’s expansion into its 24th state, following two successful rollouts in Connecticut and Virginia earlier this year. “Using cutting-edge data and technology, Openly empowers independent agents to deliver exceptional […]
Plaintiff Acted Inappropriately in Discovery Dispute Litigants Must Meet & Confer to an Impasse Before Bringing Discovery Disputes to Court In an insurance coverage action where Plaintiff alleged that Defendant breached its flood insurance policy by paying less than what Plaintiff asserts was the appropriate coverage amount under the policy, there was a dispute as […]
Nevada Supreme Court Affirms Massive Punitive Damages Award Sandra Eskew, as administrator of her deceased husband Bill’s estate, sued Sierra Health and Life Insurance Company, LLC (SHL), for insurance bad faith after SHL determined that Bill’s preferred lung cancer treatment-proton beam radiation therapy- was not covered by his health insurance plan. Because SHL refused to […]
Injunction Against Arbitration of No Fault Claims Plaintiffs are various State Farm insurers (collectively, “State Farm”) sued seeking a declaratory judgment that defendant NYC Medical Treatments, P.C. (“NYC Medical”) is not entitled to receive payment for claims brought under New York’s “No Fault” insurance laws. State Farm filed a combined motion to stay all pending […]
Courts May not Rewrite Clear & Unambiguous Policy In Universal Property & Casualty Insurance Company v. Irma Qureshi and George Guerrero, No. 4D2023-1338, Florida Court of Appeals, Fourth District (July 24, 2024) the Court of Appeals was required to address the measure of damages recoverable for the breach of a replacement cost property insurance policy. BACKGROUND […]
Establishes Principles to Protect Consumers When Insurers Use Artificial Intelligence in Underwriting and Pricing Department of Financial Services (“DFS”) Superintendent Adrienne A. Harris adopted guidance to protect consumers from unfair or unlawful discrimination by insurers using artificial intelligence. “New York has a strong track record of supporting responsible innovation while protecting consumers from financial harm,” […]
Somewhere among the fotos and historic files of the Independent Insurance Agents Association of New York, there is a baseball card with the photo of a president elect in a business suit with a big Louisville slugger in his hand in his batter’s stance ready to assume the role of that association’s leadership midway during […]
Following its April purchase of Argo’s in-force energy business, Applied Surety Underwriters now adds the majority of the balance of wide-ranging Argo surety portfolio, growing toward global top 10 player in the sector NEW YORK, NEW YORK – Applied Surety Underwriters (ASU), a subsidiary of Applied Underwriters’ United Risk Division, completed its acquisition of the […]
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