Gina Alsdorf, Esq. and Jason Berkun | Carlton Fields The financial service industry has been on a quest to automate processes for some time. Many computer processes work without much human interaction, if any at all. However, because there are still many processes performed by hand and keyed in after the fact, there are still… Continue reading Is Blockchain the Next Big Thing for Insurance Companies?
Category: Insurance
Insurers Need Not Prove Prejudice to Deny Coverage for Failure to Provide “Prompt Written Notice” Under a Claims-Made Policy
Kelsey Hunt and Jessica Gallinaro | Wiley Rein The United States Court of Appeals for the First Circuit, applying Massachusetts law, has held that an insurer does not need to prove that it was prejudiced by the insured’s untimely notice to deny coverage under a “claims-made” policy. Stormo v. State Nat’l Ins. Co., 2024 WL 4234670… Continue reading Insurers Need Not Prove Prejudice to Deny Coverage for Failure to Provide “Prompt Written Notice” Under a Claims-Made Policy
Florida Claims Administration Statute and Difference Between Policy Defense and Coverage Defense
David Adelstein | Florida Construction Legal Updates A recent insurance coverage dispute involving an automobile liability insurance policy contains a worthy discussion, particularly on the difference between a policy defense and a coverage defense. In this case, the carrier did not provide a defense to the defendant and the plaintiff and defendant entered into a Coblentz agreement. The plaintiff, as assignee of the… Continue reading Florida Claims Administration Statute and Difference Between Policy Defense and Coverage Defense
Split Decision: Florida Districts Clash Over Insurance Coverage for Unperformed Repairs
Tiffany Bustamante | Property Insurance Law Observer In the recent decision Universal Property & Casualty Insurance Co. v. Qureshi, the Florida Fourth District Court of Appeal held that homeowners cannot recover replacement cost benefits unless they have incurred expenses for repairs. The court emphasized that under both the insurance policy’s plain language and Florida Statute §627.7011(3)(a),… Continue reading Split Decision: Florida Districts Clash Over Insurance Coverage for Unperformed Repairs
People’s Trust Managed Repair Clause Survives Another Florida Legal Challenge
William Rabb | Insurance Journal After at least three appeals court decisions in the last four years, homeowner lawsuits that take issue with a Florida insurance carrier’s managed repair program may finally have run their course. “It really should” be a nail in the coffin for similar complaints by policyholders, said Josh Beck, one of… Continue reading People’s Trust Managed Repair Clause Survives Another Florida Legal Challenge