Author: H. Cutner

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

H. Cutner
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…

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Homeowners insurance rates in Nebraska are higher than the US average

H. Cutner
Nebraska Health homeowners Insurance

Property owners in the state are seeing premiums that are a touch higher than the rest of the country. A new report from the National Association of Insurance Commissioners (NAIC) has revealed that the people in Nebraska have been paying homeowners insurance premiums that are slightly higher than the average across the country. The report is based on data from 2013 and shows the average national annual premiums to be $1,096. That said, in Nebraska, that price tag is slightly higher, as the average homeowners insurance bill every year is…

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USI acquires Best Insurance Company from Florida

H. Cutner
Insurance Company standards financial federal reserve

The Insurance services firm has now purchased the homeowners, auto, motorcycle, watercraft and boat insurer. USI Insurance Services has now revealed that it has acquired the Best Insurance company, which is headquartered in Tamarac, Florida, and sells a range of different types of coverage within the state. The Best Insurance sells several different kinds of coverage to customer in Florida, North and South Carolina and Georgia. The terms of the purchase of the insurance company had not been disclosed at the time of the writing of this article. The Best…

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Oklahoma lawmakers pursue bill in case earthquake insurance companies leave

H. Cutner
earthquake insurance companies

Concerns that insurers will head out of the state as quakes become more common has sparked the need for consumer protection. Over the last handful of years, earthquakes have become increasingly common in Oklahoma, and there is a growing concern that insurance companies could start to leave the state if they find the risk associated with doing business there to be too high. Scares of quakes are causing lawmakers to consider the possibility of a worst-case scenario in Oklahoma. The purpose is to put a bill into place that would…

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Will new U.K. insurance regulations limit industry competition?

H. Cutner
UK Insurance regulations

Insurers and consumers across the United Kingdom are wondering if new rules will spike prices. The U.K. government and industry regulators have now begun a new move to help to make changes to the insurance regulations that are currently in place through the Solvency II regime. The reason is that the government and insurance regulators are worried about a less competitive market. Recently, submissions were made to the European Commission, the Bank of England, and the Treasury in order to underscore the insurance regulations they are seeking to change. Within…

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