Jim Sams

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About Jim Sams

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So far Jim Sams has created 69 blog entries.
6 01, 2021

Assault on U.S. Capitol a Spark, but No Catastrophe Losses Yet

By | January 6th, 2021|Uncategorized|Comments Off on Assault on U.S. Capitol a Spark, but No Catastrophe Losses Yet

Commercial property insurers who are already edgy after suffering historic losses from civil unrest got another jolt Wednesday when pro-Trump protestors smashed windows to gain entry into the U.S. Capitol. But there’s “a lot of mileage” between the Washington D.C. …

5 01, 2021

Florida Court Upholds Policyholder Right to Assign Benefits

By | January 5th, 2021|Uncategorized|Comments Off on Florida Court Upholds Policyholder Right to Assign Benefits

An appellate court in Florida has upheld the right of policyholders to assign their right to collect benefits from an insurance claim to contractors, reversing trial court rulings in favor of insurers. The Florida 3rd District Court of Appeals ruled …

30 12, 2020

8th Circuit: Late Notice Bars Coverage Under Arkansas District’s ‘Claims-Made’ Policy

By | December 30th, 2020|Uncategorized|Comments Off on 8th Circuit: Late Notice Bars Coverage Under Arkansas District’s ‘Claims-Made’ Policy

Ace American Insurance Co. is not liable for the approximately $250,000 that an Arkansas school district paid to settle a sexual harassment lawsuit because the district did not notify the insurer about a complaint against it until more than six …

23 12, 2020

Social Inflation Lesson: Not Settling Cost Insurer Millions in Suit by Excess Insurer

By | December 23rd, 2020|Uncategorized|Comments Off on Social Inflation Lesson: Not Settling Cost Insurer Millions in Suit by Excess Insurer

The defense team for Chubb Group’s Ace American Insurance Co. was confident that no jury would award more than $2 million in a wrongful death lawsuit filed by the family of Mark Braswell, who died on May 16, 2014 when …

23 12, 2020

Refusal to Settle for $2M Costs Ace Nearly $8M in Suit by Excess Insurer

By | December 23rd, 2020|Uncategorized|Comments Off on Refusal to Settle for $2M Costs Ace Nearly $8M in Suit by Excess Insurer

The defense team for Chubb Group’s Ace American Insurance Co. was confident that no jury would award more than $2 million in a wrongful death lawsuit filed by the family of Mark Braswell, who died on May 16, 2014 when …

23 12, 2020

Tennnessee High Court: Presumption Law Protects Agents, Carriers

By | December 23rd, 2020|Uncategorized|Comments Off on Tennnessee High Court: Presumption Law Protects Agents, Carriers

Under Tennessee law, policyholders who pay their premiums create a legal presumption that they have accepted the terms of coverage. The statute limits lawsuits by underinsured policyholders who thought they had enough coverage but found after a loss that they …

17 12, 2020

Fla. and Okla. Courts Uphold Right to Assign Benefits

By | December 17th, 2020|Uncategorized|Comments Off on Fla. and Okla. Courts Uphold Right to Assign Benefits

Appellate courts in Florida and Oklahoma this week upheld the right of policyholders to assign their right to collect benefits from an insurance claim to contractors, reversing trial court rulings in favor of insurers. The Oklahoma Supreme Court on Wednesday …

16 12, 2020

Hospital Costs Rising Even Though Claimants Avoiding Emergency Rooms

By | December 16th, 2020|Uncategorized|Comments Off on Hospital Costs Rising Even Though Claimants Avoiding Emergency Rooms

Auto casualty claimants are avoiding hospital emergency rooms during the COVID-19 pandemic but are generating increased hospital charges anyway, according to a new report by Mitchell, a San Diego-based claims administrator. “Anecdotally, we have heard that some people have been …

11 12, 2020

Analysts Say Cat Models Would Encourage Wildfire Mitigation Measures

By | December 11th, 2020|Uncategorized|Comments Off on Analysts Say Cat Models Would Encourage Wildfire Mitigation Measures

Predictive modelers told California regulators on Thursday that the state’s antiquated rules for calculating wildfire risk when setting property insurance rates discourage innovative mitigation measures that could ultimately reduce losses. Nancy P. Watkins, a principal and consulting actuary for Milliman, …

8 12, 2020

Expansion of Workers’ Compensation for COVID-19 in 6 States Created Narrow Benefit

By | December 8th, 2020|Uncategorized|Comments Off on Expansion of Workers’ Compensation for COVID-19 in 6 States Created Narrow Benefit

While at least 17 states have passed laws or issued orders that expanded access to workers’ compensation benefits for employees who contract COVID-19, many of those directives are creating new exposure for only a sliver of the workforce, new research …