Insurance Law

Putting the ‘Insurance’ Back in Health Insurance – Forbes

The point of insurance, of course, is to pool the risks of a group … For example, Massachusetts in 1996 enacted a law requiring that insurers charge their oldest customers only 2 times what they charge their youngest ones.

Children Not Entitled to Dead Father’s Benefits, Justices Rule – New York Times

“But the law Congress enacted calls for resolution of Karen Capato’s application for child’s insurance benefits by reference to state intestacy law. We cannot replace that reference by creating a uniform federal rule the statute’s text s …

New York Asks Judge to Dismiss MBIA Restructuring Challenge – Bloomberg

David Holgado, an attorney for the New York Attorney General’s office who is representing the insurance department and former superintendent Eric Dinallo, said there is a “very low bar” for cases under the state’s Article 78 law …

Insurers Laying the Groundwork to Remove Consumer Protections if Mandate in Obamacare Is Tossed – Huffington Post

insurers will be pulling out all the stops to make sure Congress guts the rest of the law. “At a minimum,” as AHIP and BCBSA wrote in January, the protections that will have to go are the ones that require … Continue reading

Gravely & Pearson, L.L.P. Wins $1.4 million Verdict in Insurance Breach of Contract and Bad Faith Case – YAHOO!

L.L.P., the policyholders’ law firm, won a verdict last week for its small-business client in Houston, Harris County, Texas. After a week-long trial, court record indicate that the jury found United National Insurance Company liable to the policyholder …

Schumer, lawsuits challenge high flood insurance costs in Syracuse area – Syracuse Post-Standard

Casey’s lawyer, Kai Richter of the Minneapolis law firm Nichols Kaster, filed the suit in U.S. District Court against Citibank and Midland Mortgage. Citibank hiked Casey’s insurance premiums by demanding his coverage be based on 80 percent …

JPMorgan: Another Reason CDS Should Be Regulated As Insurance – Seekingalpha.com

Not only were CDS made exempt from regulation as insurance, they also got a pass from regulation as gambling. CFMA carefully exempts them from the provisions of “bucket shop” laws, passed in the wake of the financial crisis of 1907 … Continue reading

Insurance changes affect seniors – NJ.com

Initially it was a somewhat reasonable position. Then, in the 1980s, laws were written that allowed insurance companies to use Social Security computer databases to check death dates so they could cut off annuity payments. The laws also allowed …

Insurance Firm Is Set Up for Land Trusts, Which See Legal Costs Soaring – Pittsburgh Post-Gazette

The national Land Trust Alliance came up with the idea of creating an insurance company to help trusts with legal … Jessica Jay, a Colorado lawyer who founded the firm Conservation Law PC, explained, “It’s just at the point when … Continue reading

Feds ease deadline for state to create insurance exchange – Kingsport Times-News

Tennessee lawmakers won’t need a special session to determine whether to set up a state health insurance exchange called for in the federal health care reform law, according to Lt. Gov. Ron Ramsey. Ramsey, R-Blountville, had floated the idea of … Continue reading