Additional coverage for employees that an employer purchases to supplement mandatory workers’ compensation insurance.

The fair market value of losses sustained by a plaintiff.

A specialist who analyzes insurance claims, risks, sets reserves, and makes other judgments based on mathematical formulations.

Typically, a representative of the insurance company responsible for investigating a policyholder’s claim and determining the insurance company’s monetary responsibility—or lack thereof—to a claimant. [..]

The division of loss and responsibility when two or more insurance companies cover the same loss.

A hearing by an independent party to settle a dispute between two or more parties.

A risk that insurance companies are obligated to cover according to state law even if they would prefer not to.

This allows an attorney from another state to appear in a specific legal action in a state in which the attorney is not otherwise approved to practice. It requires, among other things, an association [..]

A bad faith action is a lawsuit that seeks to demonstrate that an insurer has not practiced fair, honest and reasonable dealing in the investigation or payment of a claim. It may also arise when an in [..]

A violation of a duty or a responsibility. When an insurance company does not fulfill its obligation to the insured, it has “breached” its responsibility to act in good faith.