Chip Merlin | Property Insurance Coverage Law Blog | May 3, 2019 The Colorado Division of Insurance will hold a public stakeholder meeting at the Colorado Division of Insurance in Denver on May 21, 2019, regarding its proposal to eliminate one of its long-standing bulletins requiring insurance companies to pay contractor overhead and profit rather… Continue reading How To Adjust Actual Cash Value and Overhead and Profit in Colorado—Colorado To Hold Public Forum For Comments
Category: Insurance
Insurance Litigation in the USA
Mary Beth Forshaw | Simpson Thacher & Bartlett | April 29, 2019 Preliminary and jurisdictional considerations in insurance litigation Fora In what fora are insurance disputes litigated? Most insurance disputes are litigated in state or federal trial courts. An insurance action may be subject to original federal court jurisdiction by virtue of the federal diversity… Continue reading Insurance Litigation in the USA
Recent Property Insurance Assignment of Benefits Legislation
Conroy Simberg | April 29, 2019 After 6 years, the Florida Legislature has finally passed what appears to be an effective crackdown on Assignment of Benefit (AOB) abuse that has plagued first-party property insurance for years. The Act creates Florida Statute 627.7152, which preliminarily defines “Assignment Agreements” as instruments by which post-loss benefits under a… Continue reading Recent Property Insurance Assignment of Benefits Legislation
Interesting Public Adjuster Contract Required By Michigan Director of Insurance
Chip Merlin | Property Insurance Coverage Law Blog | April 29, 2019 The Michigan Director of Insurance recently issued the following bulletin: MICHIGAN INSURANCE BULLETINS AND RELATED MATERIALSBULLETINSBulletin 2019-07-INSApril 17, 2019 FROM: Anita G. FoxDirector Of InsuranceDATE: April 17, 2019 RE: RESIDENTIAL PUBLIC ADJUSTER CONTRACT This bulletin supersedes Bulletin 2018-22-INS, dated November 20, 2018. The… Continue reading Interesting Public Adjuster Contract Required By Michigan Director of Insurance
Startup Hopes to Carve a Low-Tech Niche with Tools for Claims Adjusters
Jim Sams | Claims Journal | April 17, 2019 In any discussion about the latest tools used by claims professionals, terms such as artificial intelligence, telematics and machine learning may come to mind. But the owner of a Kansas City startup is betting what the industry really needs is a better tool bag, and better… Continue reading Startup Hopes to Carve a Low-Tech Niche with Tools for Claims Adjusters