Vermont governor signs captive insurance reform bill into law

Here’s why some policies can come up short Source link

At CH Insurance, COLLABORATION stands at the forefront of our values, a key part of the team’s foundation. “It supports everything we do,” explains Joe Convertino, Jr., President of CH Insurance. “Both our clients and carrier partners can trust that no matter what, we’re in their corner. This commitment to leveraging our collective talents and…

You just received a phone call from someone who says they represent your insurance carrier and would like to set up an appointment to audit your business operations. You’ve paid all of your premiums on time, so you wonder what they could want? Many commercial insurance policies are based on the “best information” that the…

The upstream market, which has seen a 5% growth in capacity, is benefiting from a quiet year for losses. This growth continues to fuel soft market conditions. Insurers are under pressure to expand their market share, which has led to reductions in rates and an increasing willingness among underwriters to take on leadership roles, further…

The case began over a boiler installation in 2014, when Judy Lammons called EDCO Environmental Services, Inc., an HVAC contractor in Crown Point, Indiana, to replace her broken boiler. She agreed to have what she understood to be a new, high-efficiency unit installed. EDCO completed the work that day and billed her for a “new…

The Third Circuit denied these claims. The court said that the settlement plan does not alter the non-settling insurers’ contractual rights, and emphasized that the plan includes language confirming that the terms of the relevant policies remain unchanged. The panel also dismissed the bad faith argument, characterizing it as a restatement of the rights-preservation issue. …