Morgan Stanley insurance offerings move into P&C coverage

Morgan Stanley insurance - hand holding bubble with house inside

The firm’s partner brokers will be offering wealthy clients these new coverage products. Morgan Stanley insurance products now include a range of P&C products designed for high net worth clients and their families. The brokerage has partnered with Marsh Private Clients Services, HUB International, and Willis Towers Watson to add to its available products. Support for the brokerage’s insurance clients will be provided through “dedicated service teams.” According to Barron’s, “dedicated service teams” will provide Morgan Stanley insurance customers with service. Clients will also be able to benefit from a…

Read More

New York Uber and Lyft drivers win battle for unemployment insurance benefits

Unemployment insurance benefits - Uber and Lyft drivers

The ride hailing drivers sued the state in May and a federal judge has now ruled in their favor. Lyft and Uber drivers recently won the right to receive unemployment insurance benefits immediately. The ruling was made by a federal judge who determined that the New York Department of Labor had taken too long to issue payments. The ruling was made by U.S. District Judge LaShann DeArcy Hall in Brooklyn this week. The judge cited a backlog of claims was occurring from ride-hail drivers who sued New York state in…

Read More

Cheers tavern owner files business interruption insurance lawsuit over claim denial

Business interruption insurance lawsuit - Cheers Tavern in Boston

Hampshire House attorneys say its insurer has refused to pay claims relating to COVID-19. Owner of several restaurants in Boston including the famous Cheers tavern, Hampshire House, has filed a business interruption insurance lawsuit. The suit was filed when the company’s insurer denied the claims it filed in response to pandemic crisis shutdowns. The company is facing the loss of millions of dollars due to the pandemic lockdowns, said attorneys. The business interruption insurance lawsuit was filed against Fireman’s Fund Insurance and Associated Indemnity Corporation and Allianz Global Risks United…

Read More

More time available to COBRA insurance applicants

COBRA Insurance - Woman Looking at Phone sitting on bench wearing mask

New rules give furloughed and laid-off workers considerably more time to decide on coverage. Americans who have been laid off or furloughed from their jobs now have more time to decide if they want to sign up for COBRA insurance. A recent federal rule is giving people more time to choose whether they want to keep their health insurance. COBRA insurance law usually grants people 60 days after having been furloughed or laid off to decide if they want to keep their employer-sponsored health plan. However, a new federal rule…

Read More

Houston Rockets file COVID-19 lawsuit against its insurance company

Houston Rockets - NBA basketball on court

The NBA team has become the first to sue its insurer for denial of a business interruption claim. The Houston Rockets NBA team has filed a lawsuit against its insurer, Affiliated FM Insurance, for the denial of its coronavirus pandemic-related business interruption policy claim, said a Bloomberg Law report. The lawsuit involves the denial of a $400 million claim on the policy relating to losses from COVID-19. Houston Rockets owner, Tilman Fertitta’s company Rocket Ball and Clutch City Sports & Entertainment is the holding company for both the NBA team…

Read More

4 Things That Can Help Make Managing Your Chronic Pain Medical Practice Easier

Health Chronic Pain Practice

Running a medical practice is a challenging task. Even though you attended medical school in order to become a physician who helps patients manage their chronic pain, chances are that you spend a significant portion of your time managing your practice. The business side of things can be difficult and managing personnel presents its own set of complications. That being said, managing a successful chronic pain medical practice is not an impossible feat. It is one that is made far simpler, in fact, with the implementation and utilization of the…

Read More

Lack of TV and film insurance could bring Hollywood to a halt next year

Film insurance - clapperboard

Without the necessary coverage, movie and television series releases could be few and far between. TV and film insurance coverage availability has plummeted for independent movie and television productions for COVID-19 illness risk. This shift directly threatens the number of new video entertainment to be produced and released in 2021. Insurers and industry experts have joined Hollywood producers in stating that there could be a short supply of new productions for 2021. Thousands of television and movie productions came to a sharp stop around the world in March as the…

Read More