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From the plaintiff's perspective, money is money, so how can they turn down the settlement the insurer is offering to pay? Because we say that there just won't be any settlement if plantiff counsel insists on going down the other route, seeking the money from the individual, which, while dramatic from thé plaintiff's point of view* may well be complicated and uncertain to yield results. The company and the board want to protect the directors, officers and the company from liability from securities claims and other liabilities that are covered under these policies. Because of this fact, it is important to make sure that you're purchasing the best ABC Side coverage that you can get.
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A jury has awarded $10 million to an Ohio couple whose insurer refused to pay their auto claim or provide a lawyer for their defense for hitting another car in an accident that killed one person and injured another.
The couple, Donald Cox and Kathryn Cox Baugh, believed they had auto insurance. Kathryn had purchased a policy three months before the accident, but the insurance company, Personal Service Insurance Co. (PSIC), claimed it had been canceled before the crash.
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Hardball negotiations between the state's largest health insurer and Passaic County's largest hospital system have spilled into the public, with St. Joseph's Healthcare System condemning Horizon Blue Cross Blue Shield of New Jersey as "a big bully insurer" in newspaper ads and Horizon sending letters to dozens of Passaic County doctors, terminating them from its network.
The battle over next year's contract could affect tens of thousands of patients with Medicaid and FamilyCare coverage, state employee benefits, individual, small-business and commercial plans, and Medicare.
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This notice announces publication by NHTSA of the annual insurer report on motor vehicle theft for the 2006 reporting year. Section 33112(h) of Title 49 of the U.S. Code, requires this information to be compiled periodically and published by the agency in a form that will be helpful to the public, the law enforcement community and Congress. As required by section 33112(c), this report provides information on theft and recovery of vehicles; rating rules and plans used by motor vehicle insurers to reduce premiums due to a reduction in motor vehicle thefts; and actions taken by insurers to assist in deterring thefts.
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NORTHBROOK, Ill., May 26, 2011 /PRNewswire/ -- Twenty-five cities are getting new traffic signs designed to bring awareness to motorcyclists on the road, thanks to Allstate. The insurer will place cautionary signs at intersections in 25 major metropolitan areas to prompt drivers to look out for riders at intersections. An average of three motorcyclists are killed every day at intersections in the United States, and crash data reveals that motorcycle crashes happen more often in intersections than elsewhere, relative to the amount of time riders spend in them.
The caution signs, which are yellow and diamond-shaped, feature a motorcycle silhouette and are inscribed with the word "LOOK" to encourage motorists to look for motorcycles before crossing an intersection. The signs, part of Allst...
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Horizon Blue Cross and Blue Shield of New Jersey has paid a $500,000 penalty and will pay nearly $8 million more to health care providers, patients and the state to resolve problems with its handling of claims for some members.
The insurer agreed to revise the way it handles claims for some members who have Medicare as their primary insurer, and use Horizon as the secondary insurer. The members were insured through small businesses that employ fewer than 20 people each, according to the state Department of Banking and Insurance.
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A federal appeals court has sided with a trucking company's primary insurer, which claimed it wasn't responsible for paying the majority of a settlement linked to a $46 million verdict.
The 8th U.S. Circuit Court of Appeals upheld a federal district court's decision to apply Missouri law and grant the primary insurer's motion for summary judgment against an excess insurer.