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No interest on timely payment by insurer

02 February 2016

A Minnesota appeals court refused to award interest on a claim by a homeowner, whose property was damaged by fire in October 2013, because the insurer had held up its end of the contract.

Insurance Bill published by parliament

01 February 2016

The Insurance Bill [B1-2016] was tabled in parliament on 27 January 2016 and has been published by parliament.

Florida Uber Driver Insurance Bill – Consider the opportunities

27 January 2016

The Florida US Senate is pursuing an “Uber Bill” to set statewide insurance standards for the drivers of ride-hailing services. The legislation will set separate minimum coverage requirements for when drivers are personally using their vehicles and when drivers are logged into transportation network company apps. The Bill also sets out requirements to ensure that the ride-hailing companies themselves do not as a result escape providing cover under the policies they provide.

Exclusion for owned or occupied property upheld

21 January 2016

A US New Mexico federal court upheld an exclusion for pollution cover which excluded damage to property that the insured owns, rents or occupies including sums paid for the repair, restoration or maintenance of the property and paid to prevent injury to third party property.

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The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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