Limore Zilberman | Property Casualty 360° | November 10, 2015 Pyschometric test results show that insurance executives defy stereotypes. (Photo: Thinkstock) Within the insurance industry, we take certain attributes for granted: diligence, detail orientation, a fundamental understanding of data. However, it’s rare to take a step back and examine the actual psychological characteristics of insurance… Continue reading 8 Characteristics of a Good Insurance Executive
Month: November 2015
Insurance and Banking Subcommittee Votes in Favor of Regulating Umpires and Appraisers
Nicole Vinson | Property Insurance Coverage Law Blog | November 7, 2015 Florida lawmakers are being asked to license property insurance umpire and appraisers. While it is uncertain whether House Bill 79 will pass and become the law of the State of Florida, the insurance and banking committee voted 10 to 3 to let the… Continue reading Insurance and Banking Subcommittee Votes in Favor of Regulating Umpires and Appraisers
Arbitration Clauses Under Attack – do they Harm Consumers?
John Paul Nefflen | Burr Foreman LLP | November 2, 2015 Arbitration clauses are a common feature in a large part of my business litigation practice. They are generally enforceable under both federal and state statutes (e.g., the Federal Arbitration Act and the Tennessee Uniform Arbitration Act), and federal and state case law generally uphold… Continue reading Arbitration Clauses Under Attack – do they Harm Consumers?
California Appeals Court Rejects Insurer’s “Escape” Clause and Confirms Tolling of Statute of Limitations for Equitable Contribution Claims
Timothy P. Lindell | Gordon & Rees LLP | November 5, 2015 In Underwriters of Interest v Probuilders Specialty Ins. Co. (Case No. D066615, filed 10/23/15), the California Court of Appeal for the Fourth District, Division One, rejected an insurer’s “escape” clause, ruled that a Contractors Special Conditions endorsement was inapplicable, and confirmed that the statute of… Continue reading California Appeals Court Rejects Insurer’s “Escape” Clause and Confirms Tolling of Statute of Limitations for Equitable Contribution Claims
Nevada Joins States Protecting Insureds from Lawyers Serving Two Masters
Nick Thede | Ball Janik | November 3, 2015 Nevada recently became the latest jurisdiction to protect the interests of policyholders by adopting the so-called Cumis counsel rule. In State Farm Mut. Auto. Ins. Co. v. Hansen (Sept. 24, 2015), the Nevada Supreme Court held that insurers are required to pay for independent counsel for insureds… Continue reading Nevada Joins States Protecting Insureds from Lawyers Serving Two Masters