In many cases Insurance Companies, the goal of the insurance industry is to pay as little as possible on insurance claims, and to pay any amounts owed as slowly as possible. Insurance providers then collect premiums and can invest premium dollars before claims are made under the policy. The more time it takes for claims …
Insurance Companies Choice: Good Faith or Lose Millions Read More »
If you have an insurance policy, you and the insurance company or provider are likely in a contractual relationship. Enforceable contracts are binding, and, as a contract, insurance policies’ have certain parts, duties and rules that are important to understand Insurance Contract in the event of a car accident. What is an “insured”? There are …
Most people know that a trial involves a judge, but unless the parties reach a mutual agreement, the third-party making decisions in settlement conference, mediation and arbitration vary. In settlement conferences, all of the parties to the lawsuit come together to discuss issues like who is liable, or responsible for the injuries, how serious the …
Final Call: Is there a Judge in Settlement Talks? Read More »
Full Insurance Coverage: New Options The term insurance coverage actually refers to both actual coverage and potential coverage, which means that a person has made a claim but it is not yet clear whether the particular claim is covered based on the facts currently available. “Full insurance coverage” is casually used to describe the minimum …
Multimillion-dollar settlements are newsworthy because they not only inform the public that if they are hurt, help is available, but these settlements also help restore injured claimants and make them whole. Still, one question insurance companies and defendants often ask injured claimants is: “why so much?” But this question oversimplifies a complex answer on how …
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