Sentences with phrase «suit against the insurer»

On September 15, 2015, BitPay filed suit against its insurer, Massachusetts Bay Insurance Company («MBIC») to recover amounts owed under a commercial crime policy issued by MBIC to BitPay as well as penalties for MBIC's bad faith denial

The concern, perhaps, is that jurors» knowledge that the lion's share of punitive damages will go to the state will cause the size of those awards to increase in, for example, «bad faith» suits against insurers.

Not exact matches

Many insurers today offer protection against a host of business risks - be it law suits, cyber-attacks, theft or social media mishaps

Suits against state - owned Citizens Property Insurance Corp., the second largest insurer, increased 32.5 percent — from 2,323 to 3,078 — between the first quarters of 2017 and 2018.

In 2009 she dismissed a $ 1.4 billion suit brought by developer Sheldon Solow against insurer Conseco, in which Solow accused Conseco of bid - rigging when the firm and Trump sold the GM Building to Harry Macklowe in 2003.

Thrivent Financial for Lutherans became the sixth plaintiff to lob a complaint against the Department of Labor's fiduciary rule when the insurer filed a suit in late September challenging the class - action waiver requirement under the rule's best interest contract exemption, or BICE.

Defense costs can be staggering, so this benefits both you and the insurer — you're not worried about burning through your policy limits with the cost of a lawyer and the insurer is able to continue to defend against a suit for which they may be responsible even if they spend more than the policy limits to do so.

Medical bills and the cost of defending against a suit like that from a health insurer or an uninsured guest can be astronomical, and the policy can cover these losses so that you don't have to start your marriage out deeply in debt by paying for someone else's drunken broken bone.

Finally, if fraud claims against firms become more common, lawyers may need to check with their malpractice insurers to determine whether their coverage includes suits for fraud.

The other driver's insurer will either accept the claim or dispute it and if they deny your claim, you have the option of filing a suit against the driver.

On April 11, 2011 he commenced a civil law suit against both Pitney Bowes and its third - party insurer, Manulife.

Recovered $ 30 million for a group of insurers in a suit against a major utility company arising out of a high - voltage electrical fire at a large manufacturing facility in Rhode Island.

(1) Starlight Shipping Co v Allianz Marine & Ors; Brit UW Ltd & Ors v Starlight & Ors; Brit UW & Ors v Imperial Marine & Ors [2011] EWHC 3381 (Comm); [2012] 2 All E.R. (Comm) 608; [2012] 1 Lloyd's Rep. 162; [2012] 1 C.L.C. 100 — summary judgment on claims by insurers against assured for breach of a settlement agreement and of jurisdiction agreements in the settlement and in the underlying policy of insurance — constitution of a fund from which to indemnify insurers against future loss and damage resulting from continuation of the foreign proceedings where no anti suit injunction could be granted due to Turner v Grovit and Front Comor — refusal of discretionary stay in favour of Greek court under Article 28 where stay would condone breach of contract.

She represents class members against health insurers in suits related to the denial of mental health / substance abuse treatment benefits and the improper charging of subcontractors» administrative fees under the guise that they are medical expenses.

Allen's representative work includes the successful defense of a multi-million dollar insurance coverage and rescission suit by Lloyd's of London; dismissal of a six - figure claim for retroactive premiums against the St. John Community Development Center; summary judgments (affirmed on appeal) against Essex Insurance Company and Liberty Mutual Fire Insurance Company for breach of their respective insurance contracts; trial verdicts against Allstate Fire and Casualty Insurance Company and Liberty Mutual for insurance bad faith; and numerous confidential five, six, and seven figure settlements reached in insurance disputes of all types (including residential and commercial property, commercial general liability, auto liability, errors and omissions, negligent procurement, and insurer bad faith).

Al Safat (2014): Anti suit injunction against Kuwaiti insurers in respect of commencement of proceedings in non-contractual forum raising issues of enforceability of the forum selection clause in the bill of lading as a matter of Kuwaiti law and effect of Article 23 of the Judgments Regulation.

The duty to defend is prevalent in the United States and Canada, where most liability insurance policies provide that the insurer «has the right and duty» to defend the insured against all «suits» to which the policies apply.

Here, insurers retain the right to defend any suit against the insured company arising from bodily or property damages.

Your insurer has a duty to defend against those claims or suits, because they don't just affect you, they affect other policyholders and the company as well.

Medical bills and the cost of defending against a suit like that from a health insurer or an uninsured guest can be astronomical, and the policy can cover these losses so that you don't have to start your marriage out deeply in debt by paying for someone else's drunken broken bone.

Defense costs can be staggering, so this benefits both you and the insurer — you're not worried about burning through your policy limits with the cost of a lawyer and the insurer is able to continue to defend against a suit for which they may be responsible even if they spend more than the policy limits to do so.

The suit, filed today in Manhattan against Allianz AG and AXA SA, seeks to force insurers to pay for demolishing the 41 - story office tower, which was Deutsche Bank's New York office.

The fate of a derelict office tower near Ground Zero has led Deutsche Bank to file suit against two of its insurers...

Real estate practitioners may also be able to get an insurer to defend against excluded claims as part of a larger suit.

In spite of the fact that this will cost the Sutton Groups» insurers, rather than the Sutton Group themselves, it is still a bad decision on the part of the courts and will open up all kinds of suits against companies, groups and individuals in the future.