Florida signs on to death benefit settlement

Sat Feb 11th, 2012 on     Insurance Claims,    

Florida is one of seven states to sign a settlement with Prudential Financial in a death benefits dispute. The multi-state investigation into the insurance industry’s treatment of unpaid life insurance benefits began last May. The settlement requires Prudential, the second-largest life insurer in the country, to institute procedural changes and to pay $17 million to the states to fund compliance monitoring.

Foreclosure investigation creeps into homeowners market, p. 3

Fri Feb 3rd, 2012 on     Homeowners Insurance,    

We are wrapping up our discussion of homeowners insurance and lenders’ foreclosure practices. Homeowners in Florida have fallen victim to questionable foreclosure practices, and the media has covered those at length. What distressed homeowners may not realize is that their lenders may also have foisted a homeowners insurance policy on them that was a little questionable, too.

Foreclosure investigation creeps into homeowners insurance market

Thu Jan 26th, 2012 on     Homeowners Insurance,    

The foreclosure crisis hit Florida pretty hard, and the state has seen its fair share of news stories about banks’ sloppy documentation practices and robo-signing scandals. Regulators, consumer advocates and consumers themselves have taken mortgage companies to task for predatory lending, too. One state is pursuing banks for yet another questionable practice, this one involving homeowners insurance.

Cruise tragedy raises questions about trip insurance

Thu Jan 19th, 2012 on     Insurance Claims,    

After the cruise ship accident off the coast of Italy last week, many of us will look a little differently at the ships docked at the Port of Miami. In the insurance business, it is hard not to wonder if cruising has become so mundane that travelers forget the risks involved. Granted, the situation with the Costa Concordia was unusual. But the question lingers: Are passengers assuming that the cruise line will take care of everything in an emergency, or have they protected their own interests by purchasing trip insurance?

Business owners wonder if primaries are worth the risk, p. 2

Sun Jan 15th, 2012 on     Insurance Claims,    

During presidential campaign years, early primary states like Florida can benefit as candidates and their entourages make their ways from corner store to neighborhood restaurant, wooing voters at every turn. Business owners should check their general liability insurance, though, because a candidate visit can be a mixed blessing. In our last post, we were talking about some of the problems businesses have to deal with during campaigns, including having a large group of people in a small café or boutique.

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