Director Esq Steven A Meyerowitz
February 28, 2019 | FC&S Insurance
Ohio Seeks to Recover Nearly $16 Million in ‘Prescription Overcharges’Ohio’s attorney general has taken the first step in an effort to recover what Ohio characterized as “overcharges” to the state for the cost of prescription drugs negotiated by pharmacy benefit managers.
By FC&S Legal Director Esq. Steven A. Meyerowitz
2 minute read
February 27, 2019 | FC&S Insurance
Texas Jury Gives Insured $255,500 in Suit for UIM Benefits, But Award Is Capped by $50,000 Policy LimitA Texas jury has awarded an insured $255,500 in her lawsuit seeking underinsured motorist benefits from her automobile insurer – but the award was capped by the insured’s $50,000 policy limits.
By FC&S Legal Director Esq. Steven A. Meyerowitz
2 minute read
February 27, 2019 | FC&S Insurance
Spokane-Based Business Pays $458,627 to Settle Allegations It Sold Illegal Service ContractsWashington’s insurance commissioner reached an agreement with Fred’s Appliance, Inc., under which the company paid $448,627 in back taxes, penalties, and interest and a $10,000 fine to settle allegations that it illegally sold service contracts to Washington state consumers for more than 11 years.
By FC&S Legal Director Esq. Steven A. Meyerowitz
1 minute read
February 27, 2019 | FC&S Insurance
New York Regulator Warns Consumers About Universal Life Insurance PoliciesThe New York State Department of Financial Services has issued a consumer alert warning New Yorkers to exercise caution if they own or are thinking about buying universal life insurance policies.
By FC&S Legal Director Esq. Steven A. Meyerowitz
2 minute read
February 27, 2019 | FC&S Insurance
Lender’s Claim to Life Insurance Pledged as Collateral Trumped Beneficiaries’, 5th Circuit RulesThe U.S. Court of Appeals for the Fifth Circuit, reversing a district court’s decision, has ruled that the Federal Deposit Insurance Corporation was entitled to the proceeds of a life insurance policy that had been assigned as collateral even though the assignment did not meet all of the policy’s requirements.
By FC&S Legal Director Esq. Steven A. Meyerowitz
5 minute read
February 27, 2019 | FC&S Insurance
Homeowners May Not Add Bad Faith Claim to Punish Insurer for Removing ‘Faulty Concrete’ Case to Federal CourtA federal district court in Connecticut has ruled that homeowners suing their insurance company in a “faulty concrete” case could not add a breach of implied covenant of good faith and fair dealing claim against their insurer to punish it for removing their case to federal court.
By FC&S Legal Director Esq. Steven A. Meyerowitz
5 minute read
February 26, 2019 | FC&S Insurance
What Law Applies Where Insured Resides in Two States and Relies on One State’s Insurance Bad Faith Law?A federal district court in Louisiana has decided that California law – not Louisiana law – governed an uninsured motorist claim brought against an insurance company by a plaintiff who resided in both states.
By FC&S Legal Director Esq. Steven A. Meyerowitz
4 minute read
February 26, 2019 | FC&S Insurance
U.K. Government Backs Artificial Intelligence to Tackle Insurance Fraud and Assess Flood DamageA project to develop breakthrough artificial intelligence technology for the anti-fraud sector is one of a number of new projects set to receive government funding to enable the United Kingdom insurance industry to transform how it operates.
By FC&S Legal Director Esq. Steven A. Meyerowitz
2 minute read
February 26, 2019 | FC&S Insurance
Michigan Appeals Court Strikes Down Auto Insurance Policy’s Anti-Assignment ClauseAn appellate court in Michigan, reversing a trial court’s decision, has ruled that an anti-assignment clause in a no-fault insurance policy was unenforceable.
By FC&S Legal Director Esq. Steven A. Meyerowitz
3 minute read
February 26, 2019 | FC&S Insurance
New Jersey District Court Enforces Health Insurance Plans’ Anti-Assignment ClausesA federal district court in New Jersey has ruled that anti-assignment clauses in health insurance plans were enforceable and validly barred beneficiaries from assigning benefits to healthcare providers.
By FC&S Legal Director Esq. Steven A. Meyerowitz
4 minute read
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