The basic concept of insurance is that it functions as a pooling of risk for policy holders and the insurer. Policy holders pay into a common fund to be drawn upon at a later date if needed. The money in the common fund belongs to policy holders and the insurer earns a fee for managing it. However, in application the insurer regards income generated from premiums as its own and works steadfastly to avoid returning it to policy holders. This means claims made by policy holders are often denied.
What you should know about ERISA’s regulations
Navigating the many laws regarding disability insurance can be daunting. There are many complicated regulations to keep track of, which adds an extra layer of difficulty when you are also struggling with a disability.
California wildfires continue to impact our state
Thomas, the historic California wildfire—the largest wildfire in California history—is fully contained after burning for over a month. With nearly $1.8 billion in insurance claims after the fires destroyed more than 1,000 structures and scorching 281,893 acres, the fire was devastating.
Three things common in insurance bad faith claims
Many California homeowners have been impacted by the devastating wildfires throughout the state this past fall. These homeowners will often have to file claims with their insurance companies in order to recover compensation under their policy in order to rebuild or repair their homes or property.
What happens when insurers reject valid claims
An injury or property damage can be utterly devastating. Sure, you have an insurance policy against the risk that occurred. Unfortunately, your insurance company might let you down by acting in bad faith. In the shocking California wildfire, at least 42 people lost their lives, while thousands were left homeless. In the tragedy, more than 8,000 properties were razed to the ground by the fires.
The basics of bad faith
When you enter into a contractual relationship with an insurance company, you expect that they will honor the terms contained in their policy. At the time you decide to accept their offer for coverage, they made promises to you that you would be protected in the event that something should happen.
What happens with long-term disability claims?
Many of us depend upon our jobs to provide us with the means to make a living. We create budgets and financial plans based upon the amount of money that we make each month. When we suffer an injury or illness that makes working impossible, we need to know what we can do to get the compensation we need in order to make ends meet.
Answers to your questions about long-term disability
Many clients come to us and have serious questions when they suffer from a disability that makes them unable to work. They have disability insurance, but do not know what that means or what that entitles them to receive from their insurers. In this post, we want to answer some of the most common questions that we get about long-term disability insurance.
What is long-term disability insurance?
We depend upon our jobs to provide us with the income to make ends meet. We may be the only ones who can perform certain tasks at the workplace. If we suffer an injury or illness that makes it impossible to perform these tasks, we could see a substantial loss of income due to our inability to work.
9th Circuit case considers disability benefits
Recently, the 9th Circuit Court of Appeals released a decision that may have a significant impact upon long-term disability insurance matters in California. The ruling could potentially limit some of the power that insurance companies have to deny claims for benefits.
