BC appeal court notes signatures stated that correspondence was for settlement negotiations In vehicular accident proceedings, the British Columbia Court of Appeal rejected an appellant’s argument that emails from the Insurance Corporation of British Columbia (ICBC) constituted an acknowledgment of…
What happened: The Eleventh Circuit revived a bad faith claim after Progressive added two disputed conditions to a within-limits auto settlement, including a release naming the wrong woman What’s at stake: Over $1,000,000 in excess judgment against a policyholder who carried…
What happened: Travelers alleges Selective denied additional insured coverage for Goldman Sachs three times without citing any policy language or contract provision. Who's involved: Travelers (insurer of the construction manager), Selective (insurer of the subcontractor), Goldman Sachs entities (additional insureds…
Wisconsin’s Office of the Commissioner of Insurance (OCI) has taken action against a Manitowoc man for his insurance license. Commissioner Nathan Houdek, whose office takes action when licensing applicants, licensed individuals, or companies violate Wisconsin insurance statutes or regulations, announced…
Leaders in the Law Unambiguous ERISA plan bars additional life insurance benefits The U.S. District Court for the Western District of Michigan held that a surviving spouse could not recover an additional $250,000 in life insurance benefits because the governing ERISA plan…
Three units of The Hartford did not prove they were harmed when a manufacturer waited until after a $70.1 million asbestos verdict to notify them, a federal appeals court ruled, sending the coverage dispute back to the trial court. The decision,…
Representations and warranties (R&W) insurance, known as warranty and indemnity (W&I) outside the Americas, is paying out more often and in larger amounts. One of the market’s main carriers says the product’s terms will have to change to keep up.
Damages Set at 1 Won for Each of 2,678 Member Firms "We Will Hold Them Accountable for Damaging Trust in the Industry" The Consumer Loan Finance Association of Korea has filed for damages against a registered money lender who allowed an illegal…
L-R Mr Akinjide Orimolade, President chartered institute of insurance of Nigeria Dr Akinwumi Adesina CON CGH Representative of the Minister of Finance Commisioner for insurance Mr oluSegun Ayo Omosehin Former President of the African Development Bank Group, Dr Akinwumi Adesina,…
The District Prosecutor's Office for Economic and Corruption Crimes has sent a criminal case to court, charging well-known investor Jaak Roosaare with providing financial services without a license. According to the charges, Roosaare raised money from the public between 2020 and…
Georgia: workers comp, insurance department and business insurance news.
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