In March 2012, the Tennessee Supreme Court issued a landmark opinion concerning the liabilty of insurers and insurance agents in cases involving failure to procure and maintain appropriate insurance coverage. The case is Allstate Ins. Co. v. Tarrant. The case is a "must read" for insurance practitioners, and is full of good nuggets. Today I’ll
insurance agent
Morrison v. Allen, Part II
Yesterday I wrote about the February 2011 landmark decision of the Tennessee Supreme Court in Morrison v. Allen. There was one relatively minor point concerning an alleged misrepresentation in an application that grabbed my attention. In Morrison, the insurance company denied Ms. Morrison’s claim for life insurance benefits based on alleged misrepresentations of…
Tennessee Supreme Court Redefines the Law of Insurance Agent Liability
On February 16, 2011, the Tennessee Supreme Court rendered a landmark decision concerning insured’s rights to pursue claims against their insurance agents for failure to procure appropriate insurance. The case is Morrison v. Allen, and can be found here.
In Morrison, the basic facts were that Mr. and Mrs. Morrison obtained…
But I Thought I Had Flood Insurance . . . Is My Agent Responsible?
Over the past couple of days, that’s a phrase I’ve heard several times, and its an issue that raises an interesting question — Are insurance agents potentially liable for the flood damage suffered by Tennessee residents across the state? I think the answer is yes.
This is really a more complicated question than one…