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Liability for Alleged Misrepresentations Made to Excess Insurer


Compliancy | Insurance Agent and Agency Services | MyFloridaCFO

Compliance Information: Allegations Frequently Investigated. As a licensee it's important you have access to information that helps you keep your insurance ...

Recent Developments in D&O Officer Liability Insurance 2023

... claims-made liability policy, not the “fundamentally identical” standard. ... In particular, the 2018 demand concerned alleged misrepresentations by Frei ...

Extra-Contractual Damages - Hinshaw & Culbertson LLP

limits, and thereby protect its insured from excess liability, the insurer has a duty to “faithfully ... potentially liable for misrepresentations made in the ...

Commercial general liability insurance

Claims-made policies cover claims that arise from injury or damage occurring during the policy period and reported to the insurer during the ...

Life Insurance Companies Rely on Material Misrepresentation ...

In its simplest terms, a material misrepresentation exists if the insurer would have issued a different policy, issued the same policy at a higher premium, or ...

A Primer The False Claims Act (FCA), 31 U.S.C. §§ 3729

In very general terms, §§ 3729(a)(1)(A) and (B) set forth FCA liability for any person who knowingly submits a false claim to the government or ...

Insurance & Reinsurance Litigation - Quinn Emanuel

... over alleged misrepresentations regarding pet health insurance policies. ... The plaintiff, investment fund manager Lynn Tilton, alleged that MBIA made ...

Decision and Order re Summary Judgement - Wisconsin Court System

... liability (CGL) policy contains two general insurer ... excess insurer, they were not privy to any of these alleged misrepresentations.

INSURANCE CODE CHAPTER 705. MISREPRESENTATIONS BY ...

(c) It is a question of fact whether a misrepresentation made in the application for the policy or in the policy itself was material to the risk or contributed ...

Jeffrey Beahm v. Erie Insurance Exchange, No ... - Maryland Courts

Owner of the corporation filed suit against the insurer for breach of contract and negligent misrepresentation based on statements made by an ...

Material Misrepresentation in Insurance - Hutchison Oss-Cech Marlatt

A contract of insurance is one of utmost good faith and one cannot commit frauds or make willfully false statements about the subject matter of ...

Excess Insurers and Primary Insurers - Claims and Bad Faith Law Blog

An Excess Liability Insurance Policy containing that phrase to describe its coverage, may find that its coverage will be held by a Court to provide coverage ...

2022 Quarterly Review - Third Quarter - Aon

We highlight a case that held that an excess insurer could not challenge payments made by an underlying insurer. Also summarized, are cases involving the ...

Automobile Insurance Text Version

Obtain automobile liability insurance from an insurance company authorized to do business in California. Make a cash deposit of $35,000 with the Department of ...

How Insurance Companies Use Material Misrepresentation ...

Most of the time, this defense is used against applicants who made unintentional errors that did not seem significant at the time. However, any ...

Material misrepresentations in insurance policies

It also states that if a material misrepresentation was made that would have caused the carrier not to issue the policy, the policy may be ...

OGC Opinion No. 07-09-19: Broker/Agent Activity

... Alleged Misrepresentation of Rate of ReturnQuestions Presented:1. Must an agent or broker substantiate a claimed rate of return on life insurance or ...

Insurance Agent Negligence or Misrepresentation - FindLaw

It could lead to a claim denial by the actual insurer. If your insurer denied or underpaid your claim because an agent was negligent or made misrepresentations, ...

Sec. 60A.08 MN Statutes

(b) Before entering into an agreement described in paragraph (a), an insurer must make a good faith effort to ascertain: (1) the existence and identity of all ...

The 2024 Florida Statutes - Online Sunshine

Is a misrepresentation for the purpose of inducing, or tending to induce, the lapse, forfeiture, exchange, conversion, or surrender of any insurance policy. 7.