Like many across the country, those in New York likely watched the news as devastating hurricanes battered the East Coast. While some may have breathed a sigh of relief to have been spared, others probably realized they could easily be the victims of such a tragedy, whether it comes as a hurricane, a blizzard or some other force of nature. When homes and valuables are at risk, homeowners may depend on their insurance company to get them back on their feet again after a disaster.
When people own items that are precious or valuable, they tend to insure them. If something happens to an object so that it is lost, damaged or rendered useless, the owner can file a claim to be reimbursed up to the value of the insurance policy. Of course, there are often stipulations and limitations. For example, if someone in New York is suspected of setting fire to his own house, insurance companies may file declaratory judgment actions for the court to determine whether the homeowner has nullified his policy through his actions.
A health care system has filed a lawsuit in federal court alleging that its insurance companies have failed to provide coverages they are obligated to pay. In response, one insurance company filed a countersuit, alleging that the health care system engaged in fraudulent practices. Federal Insurance Company (also known as Chubb) is one of the largest insurance providers in the country, including many in New York.
Even though many people do not like to contemplate the end of life, that should not preclude them from considering the need for life insurance. A life insurance company provides a valuable commodity for the surviving family members when the policy holder dies. However, simply due to the nature of the business, many of these companies may find themselves facing allegations of bad faith in a New York courtroom.
As New York drivers know, when a car is involved in an accident, it typically falls to the insurance company and a repair shop to work together to restore that vehicle to safe condition. In some situations, the two sides disagree as to the best manner of repairing the damages. Repair shops around the country have joined in a lawsuit against the insurance industry over what they deem unsafe policies.
Many New York employers offer disability as a benefit to their employees. However, there are times that even purportedly valid claims are denied by an insurance company as a matter of policy, for many reasons. As a result of a denial, some claimants file a civil suit in an effort to obtain those benefits.
In certain circumstances, the media seems to hold a jaundiced view of insurance companies. However, without the protection provided by many different branches of the insurance industry, many consumers and businesses would be left vulnerable and unable to rebuild after a devastating event. New York residents have likely experienced situations where an insurance policy enabled them to recover from an unforeseen setback.
For generations, people have had some form of insurance in order to mitigate their losses in various ventures. In modern society, an insurance company offers valuable protection from a variety of situations, including health problems, fire losses and car accidents. People from all walks of life in New York and elsewhere typically have a number of different policies in force at any given time.
Recently, a car crashed into a tavern here in New York. Four people were injured, including the driver and passenger in the car. The tavern sustained heavy damage as well. The resolution of claims involved in this car accident could be complex.
Whether you are the manager or owner of a business here in New York, you have a duty to the people who come onto your property to keep it safe. Even when you follow all state and federal laws regarding upkeep and maintenance of your property, that does not mean that accidents will not happen. It is when those accidents occur that you will need a strong insurance defense in connection with any premises liability claims that might be filed.