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Comp policy can be rescinded for material misrepresentations - Business Insurance


Business Insurance

Comp policy can be rescinded for material misrepresentations
Business Insurance
Dallas-based Southern Insurance Co. issued a workers comp insurance policy effective Jan. 1, 2009, to California-based concession trucking company EJ Distribution Corp. based on an application that indicated covered employees would not travel out of ...

Thu, 25 May 2017 22:36:22 GMT

Insurer entitled to deny coverage on late claim: Court - Business Insurance


Insurer entitled to deny coverage on late claim: Court
Business Insurance
Submitting an insurance claim more than seven months after a lawsuit has been filed is not “as soon as practicable,” says a federal appeals court in upholding a Nationwide Group unit's coverage denial. Robert Spinner, a former employee of wholesale ...

Thu, 25 May 2017 22:20:54 GMT

Zurich combines specialty, commercial units in North America - Business Insurance


Zurich combines specialty, commercial units in North America
Business Insurance
Zurich North America said Thursday it is merging its special products business with its North America commercial business insurance unit as it continues to “simplify and strengthen” its organization. Schaumburg, Illinois-based Zurich North America said ...

Thu, 25 May 2017 22:05:28 GMT

National Flood Insurance Program reform proposals circulate - Business Insurance


Business Insurance

National Flood Insurance Program reform proposals circulate
Business Insurance
The National Flood Insurance program would be revamped and reauthorized for five years, according to a series of legislative proposals from the House Financial Services Committee. The circulated drafts revolve around six key areas of reform: addressing ...

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Thu, 25 May 2017 21:19:27 GMT

EEOC gets a win in subpoena case - Business Insurance


Business Insurance

EEOC gets a win in subpoena case
Business Insurance
In a case that has been to the U.S. Supreme Court and back, the 9th U.S. Circuit Court of Appeals in San Francisco ruled Wednesday that the U.S. Equal Employment Opportunity Commission can proceed with its subpoena against a food distributor as part of ...

Thu, 25 May 2017 20:45:00 GMT

Insurer not liable to cover spa customer's stroke - Business Insurance


Business Insurance

Insurer not liable to cover spa customer's stroke
Business Insurance
Evanston Insurance Co. is not obligated to provide vicarious liability coverage to a spa owner for a customer's stroke caused by one of her employees, says a federal appeals court in upholding a lower court ruling. ... policy insured Ms. Vega, who was ...

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Thu, 25 May 2017 19:40:44 GMT

Telemedicine cuts costs, increases potential liabilities - Business Insurance


Telemedicine cuts costs, increases potential liabilities
Business Insurance
She was speaking during a panel session on telemedicine at the 2017 Workers Compensation conference sponsored by the Claims and Litigation Management Alliance and Business Insurance in Chicago on Wednesday. Telemedicine has been used for ...

Thu, 25 May 2017 18:50:31 GMT

Tesla is pushing the insurance industry to prepare for massive disruption - Business Insider


Business Insider

Tesla is pushing the insurance industry to prepare for massive disruption
Business Insider
Farmers wrote a new auto policy for Tesloop that slashes the service's previous insurance costs by 25% by reducing its risk premium, Tesloop CEO Rahul Sonnad told Business Insider. Sonnad, however, declined to give exact figures and state Tesloop's ...

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Thu, 25 May 2017 15:07:37 GMT

Insurer prevails in dispute involving camera operator's death - Business Insurance


Business Insurance

Insurer prevails in dispute involving camera operator's death
Business Insurance
An insurer whose commercial general liability coverage was exhausted is not obligated to continue to provide a defense, said a U.S. District Court, in a case involving the death of a camera assistant, who was killed while filming on a railway trestle ...

Thu, 25 May 2017 11:39:28 GMT

Property/casualty insurer profits nosedive in first quarter | Business ... - Business Insurance


Business Insurance

Property/casualty insurer profits nosedive in first quarter | Business ...
Business Insurance
The U.S. property/casualty sector saw a sharp decline in net income during the first quarter of 2017 despite a rise in net premiums written, says a report by A.M. ...

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Wed, 24 May 2017 19:17:58 GMT

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