Tag: insurance

July 6, 2022

Healthcare breaches, including ransomware attacks, continue to increase. As a result, many healthcare organizations seeking cyber coverage to help defray the costs associated with a ransomware attack or other data incident may find that carriers have increased premiums, reduced coverage, […]

May 25, 2022

Contract law protects a patient who was billed about $230,000 for surgery, despite being told that her cost after insurance would be about $1,300, the en banc Colorado Supreme Court ruled last week. The state supreme court ruled that the […]

April 19, 2022

Ohio’s Surprise Billing Law, R.C. § 3902.51, became effective January 12, 2022, but its impact on health plans is still evolving. The law strives to prevent patients from receiving and paying surprise medical bills, specifically those stemming from unanticipated out-of-network […]

April 7, 2022

An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, and life insurance. Once earned, the premium is income for the insurance […]

March 10, 2022

Medical expenses add up quickly. If you, your spouse, or your dependents have had costly medical bills, hang on to those receipts—they could save you money at tax time. If you itemize your deductions at tax time instead of claiming […]

January 25, 2022

If you are an executor handling the estate of a deceased person, one of your most important responsibilities will be ensuring that the deceased’s assets are properly protected including any unoccupied property. Dealing with an estate can prove overwhelming and […]

December 20, 2021

The former legal chief for Farmers Insurance was awarded $150 million in punitive damages Thursday in a wrongful termination lawsuit claiming that he was wrongly blamed for a sex-bias suit filed by female attorneys. The punitive award for Andrew Rudnicki […]

October 7, 2021

Electrician insurance refers to policies that protect against financial loss resulting from property damage, workplace injuries, income loss, and vehicle accidents in work trucks. Electricians may need multiple policies to provide full coverage but can save by using a business […]

August 16, 2021

Examination counsel (EC) fees, where title insurers pay real estate lawyers a rebate on the client’s premium in a home or condo purchase, are illegal, are driving down legal fees and pushing up insurance premiums and could become a potent […]

May 27, 2021

US President Joe Biden’s May 20, 2021, executive order laid out an aggressive, whole-of-government plan to address climate change risk, including a set of directives that will have a major impact on the operations of the federal government and on […]

February 12, 2021

Kansas law requires employers to maintain workers’ compensation insurance if they have at least $20,000 in payroll a year. This no-fault insurance protects employees who get injured while performing work-related duties. In Kansas, workers’ compensation insurance costs an average of […]

February 10, 2021

Kentucky law is pretty clear. If you have one or more employees, you are required to obtain workers’ compensation insurance to pay medical benefits and lost wages if an employee gets hurt on the job. The average cost of a […]

February 8, 2021

The Oklahoma Administrative Workers’ Compensation Act mandates that nearly all Oklahoma employers provide workers’ compensation insurance to their employees. This law includes both full-time and part-time workers. On average, Oklahoma employers can expect to pay $1.21 per $100 of payroll […]

February 4, 2021

In Alabama, state law requires employers carry workers’ compensation insurance when they have five or more employees. This insurance provides medical benefits and covers partial lost wages if an employee is injured while on the job. Alabama employers can expect […]

January 28, 2021

Most business owners know that workers’ compensation insurance covers employees when they’re injured on the job. However, they may not know that policies in almost every state also pay their legal fees if an employee decides to sue for their […]

January 26, 2021

Indexed universal life (IUL) insurance policies can help you to build wealth while leaving behind a death benefit for your loved ones. These policies put a portion of the policyholder’s premium payments toward annual renewable term insurance with the remainder […]

December 15, 2020

At the end of last week, the FCA announced that it had commenced a consultation exercise on a piece of draft guidance it has prepared to assist policyholders, insurers and insurance intermediaries to prove the presence or otherwise of COVID-19 […]

November 16, 2020

You’ve worked hard and got yourself a good job in a fairly good neighbourhood. You’re finally started saving and paying off your student debt. You have a pet, healthy social interactions and life is good. All you need is a […]

November 5, 2020

Colorado voters passed Proposition 118, creating paid family and medical leave obligations for all employers in the state. This initiative mandates that employers provide 12 weeks of leave for Colorado employees, plus an additional four weeks in case of medical […]

August 19, 2020

What Is Indemnity? Indemnity is a comprehensive form of insurance compensation for damages or loss. When the term indemnity is used in the legal sense, it may also refer to an exemption from liability for damages. Indemnity is a contractual […]