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Do appraisers need to be licensed adjusters or public adjusters? DFS refuses to decide on the issue | Property Insurance Protection Law Blog

The Florida Department of Financial Services (DFS) issued an order denying a petition regarding whether individuals must be licensed as adjusters or public adjusters to be appointed appraisers for an insurance appraisal. I previously wrote about this issue in Who should be appraisers for an assessment panel? NAPIA takes a stand. I also noted that an insurance industry leader agreed …

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Insured obliged to set insurance limits

Watch the full video at https://rumble.com/v2opxf2-insured-obligated-to-set-policy-limits.html and at https://youtu.be/e69E1KdZsD0 Mark and Michelle Callahan sued their insurer and its agent to recover damages after their home was destroyed in a fire. The district court granted summary judgment in favor of the insurer and its counsel and the Callahans appealed. IN Mark and Michelle Callahan vs. Jeb Brant, an individual, and Shelter …

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The law of unintended consequences

Watch the full video at https://rumble.com/v2pqn0a-the-law-of-unintended-consequences.html and at https://youtu.be/IoItdFL9brU The law of unintended consequences is not statutory. No state or federal government has enacted it into law. No manager has signed the law. Rather, it is a natural law for humans. It is a proverb or idiomatic warning that an intervention in a complex system always produces unexpected and often …

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Termination of insurance | Zalma on insurance

Watch the full video at https://rumble.com/v2py44q-rescission-of-insurance.html and at https://youtu.be/tydWd16yZOk Insurers must use the lifting agent with caution. Insurers should never assume that the promise to pay compensation to the insured under an insurance policy can be broken with impunity by notifying the insured that the insurer has canceled the insurance. Revocation without sufficient evidence is wrongful. Termination without the advice …

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The Case of the Missing Market Conduct Test: Part II | Property Insurance Protection Law Blog

Case number Case style 09-0492-EXM In Re: Farmers Insurance Exchange Market Research 09-0493-EXM In Re: Market Conduct Examination of Farmers Insurance Co., Inc. 09-1136-EXM In Re: Market Conduct Examination of United Automotive Insurance Co. 09-1147-EXM In Re: Market Conduct Examination of Time Insurance Co. 09-1148-EXM In Re: Market Conduct Examination of John Alden Life Insurance Co. 09-1287-EXM In Re: Market …

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Ericsson tipster wins SEC’s largest whistleblower award of $279 million

(Reuters) — The record $279 million whistleblower award issued by the U.S. Securities and Exchange Commission earlier this month stemmed from a bribery case against Swedish telecommunications company Ericsson, the Wall Street Journal reported on Friday. The award from the regulator’s cash-for-tips program was related to the $1.1 billion settlement the company reached with U.S. authorities in 2019 over allegations …

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VW, Audi agree to $85 million diesel settlement in principle with Texas

(Reuters) — Volkswagen and its Audi unit have agreed to an $85 million settlement in principle for violations of Texas environmental laws stemming from its diesel cheating scandal, Texas Attorney General Ken Paxton said on Thursday. The settlement stipulates that the German automakers pay an $85 million civil penalty for their illegal actions, Paxton said. Earlier this month, the Texas …

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IIHS: The safest cars of 2023

If safety is a top priority when driving, look no further than the 2023 Insurance Institute for Highway Safety’s (IIHS) TOP SAFETY PICK award list for your next vehicle. This year’s list of 48 awardees is smaller than previous years, naming 28 models as a TOP SAFETY PICK+ and another 20 vehicles as a TOP SAFETY PICK. This is due …

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The pharmaceutical manufacturer is not obliged to pay commission to the broker

A drugmaker is not required to pay commissions on life and disability insurance to a broker who is no longer its broker, a federal appeals court said Thursday, affirming a lower court decision. From 1991 through 2015, GlaxoSmithKline LLC, whose U.S. headquarters are in Philadelphia, appointed Blue Bell, Pennsylvania-based Special Risk Insurance Services Inc. as its insurance broker to negotiate …

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