Jim Sams

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About Jim Sams

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So far Jim Sams has created 67 blog entries.
24 11, 2021

Okla. Supreme Ct. Ruling Shows Policyholders Shouldn’t Depend on Agent’s Representations

By | November 24th, 2021|Uncategorized|Comments Off on Okla. Supreme Ct. Ruling Shows Policyholders Shouldn’t Depend on Agent’s Representations

New Dominion LLC taps into oil and natural gas reserves that many production companies avoid. The Tulsa, Oklahoma company operates hundreds of wells that produce from hydrocarbon reservoirs that are saturated with water from ancient aquifers. When oil or gas …

24 11, 2021

Montana Court Upholds Most Points in Ruling That Cost Insurer $98M for Libby Mine Claims

By | November 24th, 2021|Uncategorized|Comments Off on Montana Court Upholds Most Points in Ruling That Cost Insurer $98M for Libby Mine Claims

The Montana Supreme Court upheld all but one point in a ruling that requires Berkshire Hathaway’s National Indemnity Co. to reimburse the state nearly $98 million for the cost of asbestos litigation tied to the Libby Mine. In a 6-1 …

15 10, 2021

Workers’ Compensation Insurers Find That as Opioid Cost Slows, Marijuana Grows

By | October 15th, 2021|Uncategorized|Comments Off on Workers’ Compensation Insurers Find That as Opioid Cost Slows, Marijuana Grows

Workers’ compensation insurers have slashed spending on opioids, reducing the risk of addiction and delayed recovery, but now they are under increasing pressure to reimburse injured workers for a new kind of elixir. Six states now allow or require insurers …

8 10, 2021

Insurers Could Owe $80M to Investors Suing Over 2016 Willis Merger With Towers Watson

By | October 8th, 2021|Uncategorized|Comments Off on Insurers Could Owe $80M to Investors Suing Over 2016 Willis Merger With Towers Watson

Seven insurers that shared the risk for directors and officers policies sold to Towers Watson may have to pay up to $80 million for settlements with shareholders who cried foul after learning that the brokerage’s 2016 merger with Willis included …

24 09, 2021

Judge Clears Kansas City COVID Business Interruption Claim for Trial

By | September 24th, 2021|Uncategorized|Comments Off on Judge Clears Kansas City COVID Business Interruption Claim for Trial

A federal judge in Kansas City has cleared a restaurant group’s COVID-related business interruption claim for jury trial, finding that an 8th Circuit Court decision that found no coverage was owed in a separate case does not apply to a …

10 08, 2021

5th Circuit: Texas May Not Regulate Air Ambulance Fees

By | August 10th, 2021|Uncategorized|Comments Off on 5th Circuit: Texas May Not Regulate Air Ambulance Fees

A federal appellate court ruled on Aug. 4 that the Texas Department of Insurance, Division of Workers’ Compensation may not enforce a law that regulates fees charged by air ambulance companies that transport injured workers from accident scenes. The panel …

22 06, 2021

Regulator Objects But Court Clears Bid for $200M From Liquidated Insurer’s Owners

By | June 22nd, 2021|Uncategorized|Comments Off on Regulator Objects But Court Clears Bid for $200M From Liquidated Insurer’s Owners

Creditors who say they were swindled out of more than $200 million by the former owners of the liquidated CastlePoint group of insurance companies may proceed with most of the claims they made in a New York lawsuit, a California …

3 05, 2021

Insurers Expected to Expand Use of Drones to Survey Damage With Rule Change

By | May 3rd, 2021|Uncategorized|Comments Off on Insurers Expected to Expand Use of Drones to Survey Damage With Rule Change

New Federal Aviation Administration (FAA) rules are expected to clear the way for expanded commercial use of drones, which are increasingly being used by insurers to assess property damage. The updated Operations Over People rules, which took effect on April …

30 04, 2021

Texas Insured Who Paid Part of Settlement May Seek Recovery from Carrier

By | April 30th, 2021|Uncategorized|Comments Off on Texas Insured Who Paid Part of Settlement May Seek Recovery from Carrier

A woman who chipped in $100,000 toward a settlement after a car crash can sue her insurer to seek recovery of that cost, but cannot seek damages in excess of the policy limits for negligent failure to settle because there …

27 04, 2021

GEICO Must Pay $2.7M After Failing to Accept $30K Offer: Georgia Supreme Court

By | April 27th, 2021|Uncategorized|Comments Off on GEICO Must Pay $2.7M After Failing to Accept $30K Offer: Georgia Supreme Court

GEICO Indemnity Co.’s refusal to settle a bodily injury claim for $30,000 will cost it more than $2.7 million, under a ruling last week by the Georgia Supreme Court. The high court’s 7-0 decision answered three certified questions posed to …