If your insurance company fails to investigate your claim in a timely manner, they could be acting in bad faith. Insurance company bad faith is a legal term that describes when an insurance company fails to investigate a claim in good faith or acts to the detriment of their policyholder. Insurance companies are obligated to …
In August 2021, over 75 million consumers were impacted by a T-Mobile cyberattack that compromised their personal information. A class action lawsuit followed, resulting in a $350 million settlement. Upon final approval at the hearing on January 20, 2023, this will be the second largest United States data breach award. Michael J. Faul Jr. of …
The main purpose of insurance is to make financial losses manageable. Even though you pay your premiums on time, your provider will not immediately pay out benefits without investigating the claim. Oftentimes, adjusters will delay payouts, make lowball offers, or deny your needed benefits. These decisions are not always appropriate, so what can you do …
While you might expect flooding to a be a summer or spring problem, the winter months come with their own flooding risks caused by burst pipes and sudden snowmelts. When it comes to insurance, there are two types of flooding – internal and external. There are distinct differences between the two, and you need more …
Over the years, many studies have shown that more than two-thirds of Americans have little to no estate planning. One aspect of estate planning that often is overlooked are establishing trusts. Trusts are used for several purposes and offer many benefits to an individual looking to protect their assets and their loved ones. A trust …
A will can be a terrific legal tool for ensuring your estate’s assets smoothly transfer to your chosen beneficiaries upon your passing. A will that is witnessed, names an estate executor, and is filed lawfully helps to protect your assets while ensuring a financial legacy for your surviving beneficiaries. A well-designed and lawful will typically …
As a homeowner, it is important to have an insurance policy that can cover your needs in the event the unthinkable occurs. But what happens if your insurance company fails to offer enough to cover your damages, or denies your claim altogether? If you find yourself frustrated and faced with denied insurance claims, reaching out …
In the early 1980s, the United States Environmental Protection Agency (EPA) banned all asbestos-related products, which halted the manufacturing and installation of asbestos-cement (AC) pipes. Although these asbestos-lined pipes were removed, many existing AC pipes are still in use. Today, AC pipes account for more than 600,000 miles of the United States and Canada’s water distribution …
Experienced entrepreneurs realize the importance of protecting their interests through insurance, but it is important to research the different options available before choosing policies. To start, general liability insurance is important to protect businesses from things like property damage and injuries. Depending on the size of the company and risk involved, you might also need …
The November and December holidays are times for celebrations and when people think about the important things in life. These important things can include your loved ones, helping others, and making sure that your legal and financial affairs are in order. While things can get quite busy, there are opportunities to see family members and …
