Insurers must comply with the requirements of California Fair Claims Settlement Practices Regulations or face consequences. But ramifications are now in question because some courageous insurers fought the CDI and succeeded.
Insurance agents and brokers selling annuities to elderly clients must be careful to provide the benefits the annuitant seeks and ignore the need of the agent or broker to obtain commissions. Failure to do so can end a career. Lying to the state regulators has even more consequences.
Did Nationwide violate FLSA when its investigators worked overtime? Moreover, are SIs underplaying their professionalism instead of lobbying for better pay?
Did Nationwide violate FLSA when its investigators worked overtime? Moreover, are SIs underplaying their professionalism instead of lobbying for better pay?
The Eleventh Circuit court concluded Florida law was unclear regarding claims of negligence and breach of fiduciary duty, and a contract dispute between an insurance broker and a Florida condo association made its way to the state Supreme Court for resolution following an appeal to the Eleventh Circuit in Tiara...
A dispute between Country Insurance and a group of its former agents regarding termination commissions ended with the Court of Appeals upholding the arbitrators decision.
Sam Goldwyn, one of the founders of Metro-Goldwyn-Meyer (MGM), was reported to have once said, Your oral contract aint worth the paper its printed on. Its a lesson that should be hung on the wall of every insurance agent and broker. Although binders evidencing an insurance policy can be oral,...