Captive Insurance Companies: Need for Experienced, Independent Directors
he current captive insurance company climate is gravitating toward pushing captives—including single-parent captives, association captives, and agent-owned captives to appointing experienced, independent directors to their boards.
Life Insurance: Term, Permanent, Universal and Variable
Over the years the life insurance industry has been slow to develop new and consumer driven product. Instead carriers chose to offer their own version of a product all other carriers offered and simply compete at price or benefit with competitors.
Navigating Workers Compensation Premium Disputes
Workers compensation insurance premium disputes can be complex, expensive, protracted, and divisive. Depending upon the issues, they may require the involvement of several administrative and/or adjudicative bodies, including a rating bureau, one or more state agencies, and courts.
Using an Expert Witness: Tips to Maximize Their Value
Insurance attorneys are busy people! No two cases are the same! Attorneys face weekly court filings, deposition schedules, and courthouse deadlines. Not to mention phone calls and counseling clients on a daily basis.
Workers Compensation Insurance Premium Disputes
This year, California employers will pay nearly $15 billion for workers compensation insurance. Although premiums - the price insurers charge for coverage - have dropped by half in just four years, they remain a major expense and an occasional severe headache for many companies.
Insurance: ERISA, NASD (FINRA) and Variable Contracts
ERISA has many very specific requirements as it relates to product and producer relationships. If a case involves an ERISA plan, duties of the producer and the carrier can be elevated simply because it is covered under ERISA.
Insurance: Agency And Company Operations
Every carrier has some system of product distribution. Some have employees; others have career agents who are technically not employees, while still others use a system of independent brokers.
Agent And Broker Standards And Practices
This category of case is the most common area of consultation. Since the agent, broker or registered representative is the only constant throughout the entire process of soliciting, procuring and completing the application, forwarding it to a carrier for an underwriting decision and servicing the owner of the policy after purchase, he/she is the one participant familiar with the client and the process from start to finish.
Life, Health And Disability Claims
Most disputes arise in the area of claims. This results because for whatever reason, some sound and others speculative, the claim is denied at the death , disability or sickness of the insured.
Agents Beware: Due Diligence Is Now Required
Transactions between retail agents and brokers they place business through just became more labor intensive.
