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Category: Insurance Law

How Is Social Inflation Affecting Insurance Litigation and Consumers?

At its core, social inflation starts with overall changes in attitudes regarding entitlement to compensation for injury or loss, and the willingness to file insurance claims or pursue litigation against individuals or businesses in order to obtain that compensation. Recent data shows that social inflation has been challenging for insurance carriers, as litigation claims, costs, …

What Are Insurance Theft Claims?

In a 2019 report, the FBI’s Uniform Crime Reporting (UCR) Program described burglary as an “unlawful entry of a structure to commit a felony theft.” Forcible entry, attempted forcible entry and unlawful entry with no force used all fall under this definition. In 2019 there were over 1 million burglaries, totaling over 3 billion in …

What Are Property Coverage Insurance Disputes?

You bought a home that required all your savings, but it was worth it for your dream home: then an unforeseen catastrophe strikes and the home you dreamt of suffers significant damage. Luckily, you have homeowners’ insurance. You file a claim to fix your damaged dream home, but your insurance company claims that your policy …

What is Commercial Property Insurance?

Whether you are a small business owner renting your store, or you own your own commercial property and have dozens of employees, having commercial property insurance is essential. Suffering damages through unpredictable events such as fires, theft, accidents, or weather events can adversely affect your business. Having the right commercial property insurance helps protect you, …

How To File a Bad Faith Insurance Claim?

There are many types of incidents or cases where a bad faith insurance claim can arise. Bad faith claims can arise anytime where an insurance policy is involved. A bad faith insurance claim is when a claim is made on an insurance policy and the claim was denied (not paid) without reasonable justification. It’s when …

What Do I Need to Know About Commercial Property Insurance?

If you are a business owner, it is important that you take the necessary steps to ensure that your commercial property is protected in the event of an unforeseen accident. Whether you are running a business out of a building that you rent or own, or out of your home, you likely invested a significant …

What Are Some Mistakes to Look Out for In My Insurance Plan?

Every person and family should have adequate insurance coverage, with these policies at a minimum: Business owners and people with large estates or other unique circumstances will often require additional insurance coverages. Insurance is a vital part of a financial plan, even if some view it as a necessary evil. The truth is that insurance, …

Can a Lawyer Help with a Denied Insurance Claim?

If you believe your insurance claim was incorrectly denied, hiring an experienced insurance attorney can improve your chances of successfully overturning the company’s decision. In fact, hiring an attorney even before filing the initial claim greatly increases the likelihood your claim will be approved. Insurance companies employ different tactics based on whether the claimant has …

What are Consequential Damages in an Insurance Contract?

All contracts must be made in good faith with the intent to do as you agreed. An insurance policy is a contract between the buyer and the insurance underwriter. When valid claims are filed, the insurer should honor them and pay the policyholder in a reasonably prompt manner. For example, when you buy an auto …

What Types of Insurance Should I Get to Protect My Business?

Whether you own a small business or are on the board of directors for a large corporation, your business needs insurance protection. Insurance protects against a variety of perils. Many perils could cause partial or complete destruction of your business in a number of ways. For example, a business might burn down which destroys all …

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