| Payment of Claims |
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| Time of paymentMore... |
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| An Insurer's Obligation to Defend an Insured |
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| Parties to a contract have a duty to exercise good faith and fair dealing to not do anything to injure the rights of the other to receive the benefits of the agreement. This duty applies to parties to insurance policies that provide for an insurer's obligation to defend the insured.More... |
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| Pollution and Contamination Problems on Insured Property |
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| There are severe pollution and environmental toxin problems in the United States due to the presence of chemicals, asbestos, lead, radon, and other substances on property. Insureds who have pollution and contamination problems on their insured property may be required to remove them under federal or state legislation. Due to the enormity of the costs, insurers have become involved in funding the cleanup measures. This article addresses environmental claims in first-party situations, in which the insured suffers a loss and makes a claim to an insurer.
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| Insured Persons for Uninsured/Undersinsured Coverage |
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| If a party injured in an automobile accident seeks to obtain coverage under an uninsured/underinsured motorist (UM/UIM) policy, he must meet the definition of an "insured." There are three classes of insureds covered under a UM/UIM policy, and the classification of the insured determines the scope of benefits he may obtain.More... |
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| Contractual Suit Limitations |
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| Insurance policies typically contain a "suit limitation" provision that limits the time within which an insured may file a lawsuit against the insurer. The limitation period in the policy is often shorter than the statute of limitations that would apply to the same action. The purpose of a suit limitation provision is to prevent an insured from bringing a claim against an insurer so long after a loss occurs that the insurer is unable to obtain the proper evidence to defend the suit. More... |
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