Category Archives: Insurance

Emergency Resources in Ontario

For those living with disabilities, injuries, illness, and chronic conditions having access to and knowledge of the various emergency resources and services in your area can make all the difference when it comes to either your or a loved one’s physical and mental health. Share Lawyers has compiled a list of resources below for residents […] The post Emergency Resources in Ontario appeared first on ShareLawyers... To continue reading this legal news please click Read full information...

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This Sceptered Isle – Part MMXVIII

Britain’s NHS is seeking to charge co-pays for certain patients.  Up to now, NHS has always claimed to be “free” for everyone . . . Free at the point of service, anyway. (I suggest you read the entire linked article.  Its headline is a bit misleading.)While charging of co-pays would be a departure, it should come as no great surprise.  In the first place, NHS financial problems have been public for quite a while.  And, after all, NHS is just another insurance company – albeit a giant, national monopoly. Aside from the political control of its management and budgets, NHS behaves very much like private insurance companies around the world. Specifically, NHS has a large bureaucracy that determines what medical services are reimbursed, and under what terms.  Also, NHS is financed by premiums that must must cover its costs – although NHS “premiums” are disguised as taxes. And now – co-pays?What next?  Refusal to cover….. To continue reading this legal news please click Read full information...

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When Is Bodily Injury "Caused by an Accident" for Purposes of Supplementary Uninsured/Underinsured Motorists Coverage?

SUPPLEMENTARY UNINSURED/UNDERINSURED MOTORISTS COVERAGE – INTENTIONAL ACTS – "ACCIDENT"Matter of Progressive Advanced Ins. Co. (Widdecombe)(3rd Dept., decided 1/4/2018)You heard and paid attention to those Friends Don't Let Friends Drive Drunk ads.  You (Widdecombe) try to stop your friend (Germain) from driving drunk by following your staggering friend out the bar, sticking your foot in your friend's open car door and reaching for the ignition keys.  Undeterred and undaunted, your friend  screams that he's going to cut your leg off, starts his car, begins to drive off, trapping your foot, and drags you 20 feet, injuring your leg.  In addition to being not sober your friend was not insured, so you make a supplementary uninsured motorist (SUM) coverage claim to your own auto insurer.  What does your SUM insurer do?Progressive disclaimed SUM coverage to its insured, Widdecombe, and commenced this special….. To continue reading this legal news please click Read full information...

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FINRA Is Coming: Are Your Cryptocurrency Activities Covered?

The calendar may have started anew in 2018, but federal regulators have affirmed that they are still firmly focused on one of 2017’s emerging issues—cryptocurrencies and, more specifically, initial coin offerings (ICO). FINRA’s 2018 Regulatory and Examination Priorities Letter, which was released earlier this week, highlights ICOs and cryptocurrencies among several sales practice risks that FINRA will focus on in the coming year: Digital assets (such as cryptocurrenices) and initial coin offerings (ICOs) have received significant media, public and regulatory attention in the past year. FINRA will closely monitor developments in this area, including the role firms and registered representatives may play in effecting transactions in such assets and ICOs. Where such assets are securities or where an ICO involves the offer and sale of securities, FINRA may review the mechanisms—for example, supervisory, compliance and operational infrastructure—firms….. To continue reading this legal news please click Read full information...

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Small Insurers Are Strong Competitors

A recent study confirms that small PC insurers can compete successfully against larger competitors. The Conning Research study, entitled “Property-Casualty Small Insurers: From Static to Strategic,” analyzes the small insurer segment, their strategies for success, and their impact on larger insurer strategies (see here & here). Key points: Over the long term, small PC insurers have maintained market share relative to large insurers at approximately 20% Specialization plays a role in strong results The competitive advantages larger companies enjoy through….. To continue reading this legal news please click Read full information...

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