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A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible.
Insurance companies claim that when claims numbers are simply made up, that act constitutes fraud. If that is so, then insurance company fraud statistics are a fraud. The often wrongfully cited estimate of $308.6 billion is an admittedly “make believe” estimate. A recent article by Kenneth S. Klein in the Journal of Insurance Regulation, The … The post Insurance Fraud Cost Statistics Are a Fraud appeared first on Property Insurance Coverage Law Blog.
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Review this exciting guide to some of the recent content additions to Practical Guidance, designed to help you find the tools and insights you need to work more efficiently and effectively. Practical Guidance customers, please click here to see What’s New in July 2024. For previous editions, follow this link to review May , and this link to review June 2024 content additions.
PECOS COUNTY, Texas – On a sprawling ranch in Pecos County in late July, oil well control specialist Hawk Dunlap used a backhoe to uncover an abandoned or so-called zombie well that had sprung back to life despite being plugged …
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What’s in a name? Thousands of dollars, a lost job, denied insurance coverage and the possibility of a suspended law license for a Mississippi workers’ compensation attorney, apparently.
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The energy company at the center of a $60 million bribery scheme in Ohio will pay $20 million and avoid criminal charges as part of a deal with state prosecutors to resolve its role in the scandal. Akron-based FirstEnergy Corp.
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Chevron Corp. is to pay Richmond City Council $550 million over 10 years, the city said in a statement, in a settlement that saw it drop a proposed ballot on a new tax on the oil major’s Richmond refinery.
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The University of North Carolina at Chapel Hill announced it is launching an Institute for Risk Management and Insurance Innovation, an interdisciplinary research and innovation center.
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