Bill Cosby turns to insurance coverage to pay the bill for defamation suits

bill cosby lawsuit insurance coverage

The costs associated with defending himself in court are piling up and a home policy will likely pay for much of it. When defending oneself in court in several sexual assault and defamation cases, the legal bill can rapidly rise and Bill Cosby is using his homeowners insurance coverage to help him to pay for these expenses. This method of footing the bill for legal fees has come to quite a surprise to many though it is not necessarily uncommon. That said, Cosby has been facing lawsuits across three states…

Read More

Do You Know What Personal Injury Insurance Covers?

Personal injury insurance or personal injury protection (PIP) is an extension of the typical car insurance. It will provide coverage for treatment and medical expenses that are connected to injuries sustained during an automobile accident. Understanding what personal injury insurance covers will help you decide whether it is the right coverage for you and for your family. Basics of Personal Injury Insurance: Although most common in cases connected to automobile accidents, this type of coverage may also be provided for personal injuries and emotional distress resulting from defamation or libel.…

Read More

Florida passes new PIP reform bill that will is expected to reduce auto insurance fraud in the state

Florida Governor Rick Scott is claiming a major victory on behalf of the state’s citizens this week. The state Senate has passed legislation that will reform the state’s troublesome personal injury protection (PIP) auto insurance system. The system has been wrought with fraud for several years, becoming much worse over the past two. Legislators supporting reform claim that this fraud was causing auto insurers to raise rates on coverage at alarming speed. The new legislation seeks to remedy the problem. The legislation that was passed by the Senate is House…

Read More

Florida lawmakers attempting to compromise over reforms to PIP

The Florida legislature is facing a debate over to strikingly different proposals that have been made to reform the no-fault auto insurance system in the state – also known as personal injury protection (PIP) – but the top lawmakers are hoping that it will be possible to reach a compromise. One of the primary issues of this legislative session – the extensive auto insurance fraud experienced in the state – was temporarily derailed by massage therapists who had been lobbying the topic. On Tuesday, the Senate Budget Committee held off…

Read More

Florida legislators come face to face with staged accidents

Florida continues to lead the U.S. in auto insurance fraud, a fact that state lawmakers have been working to change. Staged auto accidents are presenting the state, and its insurance industry, with significant problems. Those abusing the state’s Personal Injury Protection (PIP) system, which provides drivers with no-fault auto insurance policies, cause insurers to raise rates on coverage in an effort to recovery from losses. Thus far, Florida legislators have been divided on how to solve the problem. That is until they were shown how easy it was for drivers…

Read More

Florida pushes ahead with reforms to personal injury protection insurance laws

The Florida Legislature is moving ahead with plans to reform the state’s mandatory personal injury protection (PIP) insurance rules. Florida lawmakers and insurance companies have been battling a rampant outbreak of fraud throughout the state. Insurers claim that the fraud stems from the state’s regulations which require all drivers to have PIP coverage. The coverage is comprised of no-fault policies, which require insurers to pay claims whether a policyholder is at fault in an accident or not. This week, the Civil Justice Subcommittee approved HB 119, the bill that will…

Read More

Auto insurance rates to jump higher in New Jersey, according to state regulators

The National Association of Insurance Commissioners has announced that New Jersey drivers may see their rates jump higher for the first time in years. The Association notes that the increase is due to the ramping costs of the state’s personal injury protection (PIP) policies. The Association has released a report which shows that the last time auto insurance rates rose was in 2009, when PIP rates rose to $1,218. No news on how much the new rates will be has yet been released. Many states have laws that require drivers…

Read More