This is one of those topics that comes up regularly. Does an insurer have to pay general contractors’ overhead and profit charges? The short answer is "Yes" but there are some exceptions. According to a 2005 Sixth Circuit Court of Appeals case (interpreting Tennessee law), the costs of a contractor (overhead and profit) are
Miscellaneous
Experts Hired by Insurance Companies to Assist with Claim Decisions Should be Unbiased
By Brandon McWherter on
Posted in Bad Faith, Miscellaneous
As a result of the numerous tornados that have passed through Tennessee over the past decade, I have become acutely aware of the fact that insurance companies use the same engineering firms over and over again in their investigation of whether a claim constitutes a covered loss. The obvious problem with insurance companies’ repeated use…
The Florida Sun
By Brandon McWherter on
Posted in Miscellaneous
You may have noticed I haven’t posted any entries for a few days, but I’ve got a good excuse – – sunny, beautiful Florida.
While I was out basking in the sun, banging a golf ball from sand-trap to sand-trap, and watching my little girls explore the ocean, John Day made reference to our new blog at…
Top 10 Reasons Complaints are Made Against Insurance Companies
By Brandon McWherter on
Posted in Miscellaneous
According to an April 28, 2009 report by the National Association of Insurance Commissioners ("NAIC"), the top ten reasons consumers complain about their insurance coverage are as follows:
- Claim Handling – Delays
- Claim Handling – Denial of Claim
- Claim Handling – Unsatisfactory Settlement/Offer
- Claim Handling – Other
- Underwriting – Premium & Rating
- Underwriting – Cancellation
- Policyholder
…