More businesses in New York and across the country are finding it necessary to protect themselves against the cost of lawsuits and settlements that arise from employees accused of sexual harassment and other wrongdoing. Many business owners have decided to carry employment practices liability insurance policies, which cover the cost of defending against such charges and paying any resulting damages. However, as with any insurance policy, the insurance company will recommend policyholders read it carefully for exclusions.
An insurance policy can be a dense document that includes many exceptions and caveats. One of the most common reasons why New York policyholders are shocked when their claims are denied is because they did not take the time to read and understand the information within their policies. One man in another state is currently disputing the denial of his homeowner's claim with his insurance company.
A trip to a New York emergency room used to be a cause of great anxiety. Rushing a child or a loved one to the ER typically meant his or her health was in serious or grave danger. In recent years, however, with the cost of health care and insurance ever rising, more people seem to be choosing the emergency room as a replacement for a primary care giver or for after-hours care. Because of this, one insurance company has changed its policy regarding coverage of emergency room visits.
The old saying goes, "An ounce of prevention is worth a pound of cure." The sales of vitamins, supplements, flu shots and immunizations can attest to the fact that many people adhere to that belief. Still, some in New York are concerned about being able to take certain preventative medicines because of denied insurance coverage. Insurance defense strategies are building in response to these accusations.
When facing potential lawsuits in New York courts, one may hear unfamiliar terms and phrases. While it is helpful to have an attorney who can guide one through these circumstances, having a general understanding of such terminology may allow one to participate more fully in the process. One term that may be used when mounting an insurance defense is "declaratory judgment actions."
Perhaps one of the most frustrating things that can happen to a homeowner is to come home to find inches of water on the floor. Depending on where in the house the water is flowing or rising, the homeowner may also have damage to furniture, walls and personal items, some of which may be irreplaceable. It is in these times that a New York homeowner typically contacts his or her insurance company to file a claim for the damages. However, many in this situation may not fully understand the damage their policies cover.
Telling a white lie every now and then is something most everyone does. After all, New York may not be a very pleasant place to live if everyone told the harsh truth. Nevertheless, there are certain circumstances under which one should always be entirely truthful. One of those is when dealing with an insurance company. Customers may not realize the importance of being entirely truthful if they expect their claims to be covered.
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.