Berkshire-owned workers compensation insurance scam case reaches settlement

workers compensation insurance

Applied Underwriters, a Berkshire Hathaway owned firm, was ordered to cease bait-and-switch marketing. Applied Underwriters, an insurer owned by Warren Buffett’s Berkshire Hathaway, has agreed to a workers compensation insurance case settlement. The agreement involves providing Californian consumers with full disclosure about the product. The insurance company’s goal is to start selling plans again following a state review of alleged abuses. A major component of the settlement requires Applied Underwriters “to stop the bait-and-switch marketing tactics.” Many employers registered complaints from having been sold workers compensation insurance through bait-and-switch tactics.…

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Tracy Morgan insurance dispute with Walmart won’t see him deposed

tracy morgan, tracy morgan accident, walmart insurance, Ohio Casualty, walmart insurance company, insurance lawsuit

The celebrity of Saturday Night Live and 30 Rock fame refused to testify under oath in this case. The current Tracy Morgan insurance case against Walmart has changed its tone as the celebrity refused to testify in a deposition. Walmart’s insurance company, Ohio Casualty, demanded that Morgan participate in a 7-hour deposition. The purpose of the deposition, said the insurance company, is to show that Morgan has exaggerated his injuries in order to obtain the claimed payout. The payout is reported to be around $90 million. That said, Benedict Morelli,…

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$300k renters insurance settlement proves you shouldn’t blowtorch a squirrel

Renters Insurance

A woman tried to clean the fur off a dead squirrel with a propane torch and burned down the building. A recent renters insurance settlement case serves as an important caution to anyone who would be inclined to use a blowtorch on a squirrel. A Michigan woman learned this the hard way after she and her boyfriend burned down her apartment complex. The couple had been at the woman’s home when they decided to try to remove a dead squirrel’s fur. The woman’s boyfriend was using the blowtorch to take…

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Insurance company merger between Aetna and Humana will not go forward

Health Insurance company merger Aetna

A federal judge has now ruled in favor of prohibiting the two health insurers from merging. The Justice Department’s decision to stop the insurance company merger between Aetna and Humana has been upheld by a federal judge. These two health insurance giants were appealing the decision with U.S. District Judge John. D. Bates. The original decision to block the merger between the health insurance companies occurred in July 2015. That said, Judge Bates concluded in a 158-page opinion that “The Court is unpersuaded that the efficiencies generated by the merger…

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Amtrak insurance appeal leads to partial victory

Amtrak insurance appeal train railway

The railroad service has now secured a part win in U.S. appellate court in a case dating back to Superstorm Sandy. The latest Amtrak insurance appeal has left the railroad with a partial victory. This is the result of the newest step from the company to obtain insurance coverage payments following Superstorm Sandy. The massive 2012 hurricane caused over $1 billion in damages to the railroad service. Since that time, Amtrak has been trying to recoup some of those losses through its insurance policies. The latest ruling was in the…

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