Insurance
This is FindLaw’s collection of Insurance articles, part of the Corporate Governance section of the Corporate Counsel Center. Click on the articles below to learn about defense perspectives in bad faith claims and steps to take if you are the victim of an auto accident. Every year thousands of automobile accidents cause severe personal injuries and/or property damage. By acting promptly and responsibly, you can protect yourself and your family against lost wages and overwhelming medical bills. Law articles in this archive are predominantly written by lawyers for a professional audience seeking business solutions to legal issues. Start your free research with FindLaw.
Corporate Governance
Insurance Articles
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Stub Policies: You Get What You Pay For
New Jersey's Appellate Division recently held that an insurance company, which accepts additional premiums to extend its policy's termination date for less than twelve months, must pay additional policy limits for claims triggering the extended ...
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Texas Loosens Its Grip on Insurers With Respect To Bad Faith Claims
Texas, once a jurisdiction feared by insurers potentially liable for first-party bad faith claims, appears to have lightened up a bit. In 1997, the Texas Supreme Court in The Universe Life Ins. Co. v. Giles, 950 S.W.2d 48 (Texas 1997), carved out a ...
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Texas Market Assistance Program: Road “MAP” for Success?
In late 1993 and early 1994, insurance availability issues came under increasing scrutiny and, by March 31, 1994, consumer advocates were openly accusing the industry of "redlining" in Texas.2 Commissioner Robert Hunter held a hearing in Houston on ...
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The Argonaut Decision: A Federal Court Declines An Invitation To “Rewrite” An Arbitration Agreement Provision Regarding The Selection Of Arbitrators
An Illinois federal judge recently reaffirmed the rule that requires courts resolving disputes under arbitration agreements to defer to the express language of such agreements. See In the Matter Of the Arbitration Between Argonaut Midwest Ins. Co ...
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The Fox in the SOX
At the peak of its anti-business peak last summer, Congress passed the Sarbanes-Oxley Act of 2002.1 Section 402 of SOX prohibits "personal loans" to certain executives but due, in part, at least, to the speed with which the legislation was ...
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The Insurance Company Already Paid Me. Is My Claim Closed for Good, Now?
The short answer is: . Your settlement is not final. It can be reopened. For example, you might have had an adjuster who didn't understand the effects of flood waters on building foundations. Or the adjuster simply looked at you and said, "On the ...
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The Insurance Crisis for Long Term Care Facilities
Obtaining affordable liability insurance policies for long-term care facilities (Skilled Nursing Facilities, or "SNFs") was once an easy task to accomplish. In the past the market for such insurance was marked by its sleepiness and by the ...
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The “Insured v. Insured” Exclusion
One of the purposes of directors' and officers' liability insurance (commonly known as "D&O" insurance) is to protect corporate decision makers from personal liability for claims arising out of their good-faith performance of their duties. Since the ...
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The Irrevocable Life Insurance Trust
Among all the financial products consumers buy, life insurance is one of the most common. And with good reason. It provides consumers with an invaluable and highly cost-effective source of funds for loved ones. These funds may be used to replace a ...
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The Lloyd’s Reconstruction And Renewal: A Success Story or Is the Jury Still Out?
Editor's Note: Andrew Wilkinson is a partner and Philip Hertz is a senior associate at the London office of Cadwalader, Wickersham & Taft. They have been involved in most of the major London market insurance insolvencies and have advised a large ...
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