Have you ever heard of "Price Optimization"? It sounds harmless enough, but when these words are used by the insurance industry, they take on a whole new twisted meaning. UPDATE: Price Optimization …
Insurance Blog
What is an Insurance Adjuster?
Insurance industry insiders use a LOT of terminology that is completely foreign to the rest of the world. Even the simplest sounding words, such as "adjuster," "reservation of rights," and "risk" take …
American Dad Insurance Rap
Hey Yo, Insurance is Not a Game! American Dad is a funny, wildly popular, politically INcorrect cartoon in the United States that has been running for at least 10 seasons. I bet the writers have …
Why is U.S. Insurance Regulated by the States? Why Should You Care?
The United States has always had a state-based insurance regulatory system. This means that every insurance company wishing to sell insurance in the U.S. must satisfy the different rules of EACH and …
Insurance Loss Ratios: Licenses to Steal?
If you are not a frequent reader of my blog, you may not know that I'm an Insurance Litigator. My readers will tell you I'm also a very curious Insurance Litigator - always reading and asking …
How Profitable Are Insurance Companies?
I was reading a publication of the Federal Insurance Office (a division of the U.S. Department of the Treasury), and was shocked to learn that half of all U.S. bank-held assets belong to insurance …
The Super Bowl and Social Host Liability – Are you Covered?
Does your Homeowner's Insurance cover you for social host liability, i.e. if you throw a party and someone leaves drunk and gets into an accident, could you be sued and need to pay damages? Only …
Who in the World Buys the Most Insurance?
If you live in the United States long enough, you begin to feel like insurance is an absolute necessity. We are pummeled with so much insurance advertising, laden with promises to protect us from …
Insurance Education – UConn Law
Last week, I had the pleasure of visiting the University of Connecticut School of Law. UConn is not only beautiful, but houses the Insurance Law Center, the most impressive collection of insurance …
California to Deny Sale of Illegal Insurance Policies
In an unprecedented gesture, the California Court of Appeals held that the CA Department of Insurance has a duty to review the language of disability insurance policies, and if they find that the …