A friend of ours took a speed reading course a few years ago. The trick, the instructor said, was to read the article or book or whatever several times, starting with a high-level review and drilling down to almost a word-for-word reading. All she remembers now is that she was supposed to draw a “Z” with her finger as she read.
We often urge people to read their insurance policies. It may not be a laugh a minute; it may not be an edge-of-the-seat thriller. You may even doze off once or twice. But your insurance policy — and it doesn’t matter what kind of insurance we are talking about — contains information that could change the way you run your house, the people you lend your car to, or the insurance company you buy your coverage from.
A recent article illustrates yet another example of the resources available to insurance companies.
We are finishing up our series about a Florida Supreme Court decision that the appellate court said could clear up some confusion about workers’ compensation coverage. The issue was whether an employee’s widow can file a workers’ comp claim as well as a wrongful death lawsuit.
We’re continuing our discussion of the recent Florida Supreme Court decision regarding workers’ compensation insurance. An employee was killed on the job, and his widow received a settlement under the employer’s workers’ comp insurance as well as a $9.5 million damage award in a wrongful death lawsuit. The employer’s insurance company refused to pay the damage award from the lawsuit.
Generally, Florida law recognizes workers’ compensation as the sole remedy when a worker is injured on the job. The answer to the question in the post’s title, however, is not a firm “no.” There are exceptions to the rule.
When we left off, we were talking about the different way defense costs are handled under commercial general liability insurance policies and directors and officers insurance policies. Remember, CGL covers personal injury and property damage; D&O covers financial harm resulting from officers’ and directors’ management mistakes.
We may never know the answer to the question posed in the title of this series of posts. Fortunately, we do have research findings from Insure.com that offer us some insight into whether men or women tend to believe some common myths about insurance.
A recent survey shows a very interesting split between men and women when it comes to insurance. The survey, conducted by Insure.com, tested 2,000 adults’ knowledge of insurance without digging into their actual coverage or claims experience. The respondents were asked if 10 statements based on common myths about insurance were true or false. For the most part, men were more gullible than women.
We often talk about lawsuits filed by consumers against their insurance companies. The insurance company has not kept its promise, its contractual obligation to the policyholder, and the policyholder has suffered a loss as a result. Sounds pretty straightforward, doesn’t it?
