News Muncher - category insurer

3 days, 3 hours ago

Uttarakhand State Commission Holds National Insurance Liable For Deficiency In Service Over Denial Of Legitimate Claim Amount

Live Law

The Uttarakhand State Commission, presided by Mr. M.K. Singh held National Insurance liable for deficiency in service and upheld the District Commission's order. Consequently, the insurer appealed before the State Commission of Uttarakhand. Contentions of the Insurer The insurer argued that the complainant breached policy terms and did not intimate the theft promptly. However, the complainant contended that the insurer …

Commission Complainant Insurer National Insurance

3 days, 5 hours ago

Insured Cannot Assume Obligation On Part Of Bank To Renew Policy: NCDRC

Live Law

The National Consumer Disputes Redressal Commission, presided by AVM J. Rajendra overruled the State Commission's order against SBI and held that the insured cannot assume obligation on the bank's part to renew the policy unless agreed otherwise. The loan terms required the stock, machinery, and furniture to be insured with United India Insurance/insurer, with premiums deducted from the complainant's account. …

Insurance Bank State Commission Complainant Renew Insurer Policy

3 days, 7 hours ago

Surveyor's Report Can Only Be Rejected Only On Valid Grounds: NCDRC

Live Law

The National Consumer Disputes Redressal Commission, presided by Mr. Subhash Chandra and AVM J. Rajendra in an appeal against United India Insurance held that a surveyor's report is mandatory for insurance claims and it can only be rejected on reasonable grounds. The surveyor found 46.667% under-insurance for the building and stated machinery and potato stocks were not covered under the …

Policy Insurance Building Report Commission Complainant Insurer

3 days, 9 hours ago

ESI | Medical Reimbursement Can't Be Denied Merely Because Insured Person Got Treated At Hospital Not Approved By Insurer: Kerala HC Reaffirms

Live Law

The Kerala High Court on Thursday reiterated that medical reimbursement cannot be denied because an insured underwent treatment in a hospital not approved by the insurer. The petitioner sought reimbursement from the Employees State Insurance Corporation, since her husband had to undergo an emergency liver transplantation in a non ESIC hospital. Justice C S Dias ordered for reimbursement and held …

Emergency Court Hospital Transplantation Her Husband Insurer Liver

5 days, 7 hours ago

Insurance Policies Must Be Read Holistically: NCDRC Holds LIC Liable For Deficiency In Service

Live Law

The National Consumer Disputes Redressal Commission, presided by Justice A.P. Sahi and Dr. Inder Jit Singh held that insurance policies should be read inclusively to meet the reasonable expectations of the insured. Brief Facts of the Case The complainant's deceased son had a life insurance policy from Life Insurance Corporation/insurer. After examining the insurance policy clauses, it concluded that the …

Policy Insurance Commission Insurer Insurance Policies Lic

5 days, 14 hours ago

Insurers Are Deserting Homeowners as Climate Shocks Worsen

New York Times

Insurers Are Deserting Homeowners as Climate Shocks Worsen Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home. Alaska Fla. Hawaii NONRENEWAL RATES, 2023 1 in 200 1 in 100 1 in 50 1 in 25 State rate shown Wash. Maine N.D. Mont. Nev. Utah Colo. Calif. Kan. Okla. Ariz. N.M. Texas Alaska …

Insurance Climate 2018 Homeowners Texas City Iowa

6 days, 2 hours ago

Employee's Compensation Act, 1923; To Absolve Liability, Insurer Must Prove Negligence By Employer In Verifying Employee's Driving License: Bombay High Court

Live Law

Bombay High Court: A single judge bench consisting of Justice Nitin B. Suryawanshi overturned a Labour Court order that dismissed a compensation claim under the Employee's Compensation Act, 1923. Further, citing Nirmala Kothari v. United India Insurance Co. Ltd., they argued that the insurer couldn't deny liability simply due to the absence of a driving license. Court's Reasoning The court …

High Court Compensation Evidence Labour Driving Fir Tiwari

1 week ago

Your rights in life and health insurance claims: Unpacking the moratorium clause

Live Mint

The fatal shooting of Brian Thompson, who was chief executive of UnitedHealth Group Inc.’s insurance arm, has turned the spotlight on insurance companies rejecting policyholders’ claims for various reasons. However, as per the moratorium clause for health insurance policies as defined by the Insurance Regulatory and Development Authority of India, if a policyholder has paid five or more annual premiums, …

Health Policy Insurance Fraud Life Health Insurance Period

1 week, 2 days ago

Violations Must Constitute Fundamental Breach To Deny Insurance Claim: NCDRC Holds Bharti General Insurance Liable For Deficiency In Service

Live Law

The National Consumer Disputes Redressal Commission, presided by AVM J. Rajendra held that for an insurer to deny a legitimate claim, the violations alleged by them have to constitute a fundamental breach. Observations by the National Commission The National Commission observed that the central issue in this case was whether leaving the key in the vehicle was a fundamental breach …

Insurance Theft Commission Vehicle Insurer Key Claim

1 week, 2 days ago

Surveyor's Report Can Only Be Rejected On Valid Grounds: NCDRC

Live Law

The National Consumer Disputes Redressal Commission, presided by Mr. Subhash Chandra and AVM J. Rajendra in an appeal against United India Insurance held that a surveyor's report is mandatory for insurance claims and it can only be rejected on reasonable grounds. The surveyor found 46.667% under-insurance for the building and stated machinery and potato stocks were not covered under the …

Policy Building Report Commission Complainant Machinery United India Insurance

Police say suspect in UnitedHealthcare CEO killing wasn’t a client of the insurer

Associated Press

NEW YORK — The man charged with killing UnitedHealthcare CEO Brian Thompson was never a client of the medical insurer and may have targeted it because of its size and influence, a senior police official said Thursday. NYPD Chief of Detectives Joseph Kenny told NBC New York in an interview Thursday that investigators have uncovered evidence that Luigi Mangione had …

Pennsylvania New York Thompson Kenny Unitedhealthcare

1 week, 4 days ago

US health insurance: Frustrations with care denials

CNN

CNN — Instead of being able to calmly focus on her chemotherapy treatment, Arete Tsoukalas had to spend hours on the phone arguing with her insurer while receiving infusions in the hospital. Diagnosed with leukemia three years ago, Tsoukalas, 26, was stunned to learn that her insurer’s coverage of the drug she needed came with a $13,000 monthly copay, which …

Insurance Medical Health Care Cnn Insurer Kff Her Insurer

CEO’s Murder Draws Disturbing Praise, Stoking Insurer Fear of Copycats

Live Mint

-- On The Daily Show on Monday evening, host Jon Stewart brought up the capture of Luigi Mangione, the 26-year-old Ivy League graduate who had been arrested that day in connection with the killing of a health-insurance executive. Police in New York were investigating threatening “WANTED” posters spotted in Manhattan that depicted company executives and echoed the language found on …

Health Insurance Industry Care Insurer Thompson Killing

2 weeks ago

Telangana State Commission Holds LIC Liable For Deficiency In Service Over Wrongful Repudiation Of Insurance Claim

Live Law

The Telangana State Commission, presided by Smt. V. V. Seshubabu held Life Insurance Corporation liable for deficiency in service for wrongful repudiation of a legitimate insurance claim. However, the insurer rejected the insurance claim of the complainant on grounds that there was no permanent disability. Observations by the State Commission The Commission observed that the insurer rejected the claim, stating …

Wrongful Repudiation Commission Complainant Insurer Claim Disability Benefits Insurance Claim

2 weeks, 3 days ago

Delhi State Commission Holds IFFCO-Tokio Liable For Deficiency In Service Over Wrongful Repudiation Of Claim

Live Law

The Delhi State Commission, presided by Justice Sangita Dhingra Sehgal and Ms. Pinki held IFFCO-Tokio General Insurance liable for deficiency in service over wrongful repudiation of a legitimate insurance claim. Contentions of the Insurer The insurer argued that the complainant is not a “consumer” under the Consumer Protection Act, 1986, as the insurance was bought for commercial purposes. Observations by …

Insurance Delhi State Vehicle Complainant Complaint Insurer

2 weeks, 3 days ago

Words on ammo in CEO shooting echo common phrase on insurer tactics: Delay, deny, defend

Associated Press

Live Updates: Follow the latest updates on the shooting death of UnitedHealthcare’s CEO. A message left at the scene of a health insurance executive’s fatal shooting — “deny,” “defend” and “depose” — echoes a phrase commonly used to describe insurer tactics to avoid paying claims. They’re similar to the phrase “delay, deny, defend” — the way some attorneys describe how …

Health Social Media Insurance Care New York Delay Manhattan

2 weeks, 4 days ago

Star Health vs Manipal Cigna vs SBI General: Which health insurer stands out?

Live Mint

With 27 general and seven standalone health insurers selling a raft of policies, selecting the right one may become confusing. Though insurers declare total claims amount paid in a year in public disclosures, one needs to calculate the ratio manually for each insurer to make a comparison. IBAI recently released a handbook for policyholders, General Insurance Claim Insights, compiling metrics …

Health Insurance General Data Settlement Claims Insurer

2 weeks, 4 days ago

Hundreds of thousands of drivers could be invalidating insurance by having this common feature fitted to their car...

Daily Mail

Drivers could be at risk of invalidating motor insurance by not declaring their car is fitted with a common feature that hundreds of thousands of vehicles have. Auto Express said it had been contacted by a motorist who was left with a six-figure bill when his insurer refused to pay out on a claim and cancelled his policy because he …

Insurance Information Car Bar Comparison Express Modification

3 weeks ago

Rejection Of Claim Within Policy Waiting Period Not Deficiency In Service: Uttarakhand State Commission Allows Appeal By Universal Sompo General Insurance

Live Law

The Uttarakhand State Commission, presided by Ms. Kumkum Rani and Mr. B.S. Manral held that an insurer's rejection of the claim due to the applicable waiting period under the policy does not constitute a deficiency in service. Observations by the State Commission The State Commission noted that the insurer had disallowed the claim on the grounds of the one year …

Policy State Commission Insurer Universal Sompo General Insurance

3 weeks, 2 days ago

Signing Discharge Voucher Does Not Prevent Insured Parties From Pursuing Claims : NCDRC Holds Bajaj Allianz Insurance Liable For Deficiency In Service

Live Law

The National Consumer Disputes Redressal Commission, presided by Justice Karuna Nand Bajpayee and Dr. Sadhna Shanker, held that the denial of an insurance claim merely on the basis that the insured signed discharge vouchers is arbitrary and amounts as deficiency in service. Observations by the National Commission The National Commission observed that the main issue was whether the insurance company …

Insurance Company Commission Complainant Insured

3 weeks, 4 days ago

LIC clarifies on ManipalCigna stake acquisition buzz; here’s what the insurer said

Live Mint

Stock Market Today: Public sector insurer Life Insurance Corporation of India clarified in an exchange filing on Thursday, November 28, regarding a recent news item about a potential 50% stake acquisition in ManipalCigna Health Insurance. Business daily The Economic Times today reported that Life Insurance Corporation of India is in discussions to acquire a nearly 50% stake in ManipalCigna Health …

Life Insurance Lic Life Insurance Corporation Of India Manipalcigna Stake

3 weeks, 4 days ago

Direct Line shares surge after insurer rejects £3.3bn Aviva takeover tilt

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Insurer Direct Line has seen …

Direct Offer Direct Line Line Aviva

3 weeks, 4 days ago

Explained: Why LIC share price gained nearly 4% in early trade

India Today

Shares of Life Insurance Corporation of India rose nearly 4% in early trade after a media report indicated that the state-owned insurer has moved closer to acquiring half of ManipalCigna Health Insurance. This potential deal would mark LIC’s entry into the growing health insurance market, diversifying its business from its core life insurance offerings. If finalised, the deal is expected …

Health Insurance Lic Share

3 weeks, 4 days ago

Aviva in £3.3bn bid for Direct Line: Takeover battle erupts as insurer rejects rival's 'highly opportunistic' offer

Daily Mail

Aviva has launched an audacious £3.3billion bid to buy troubled rival Direct Line. Swoop: Aviva boss Amanda BlanAviva has launched an audacious £3.3bn bid to buy troubled rival Direct Line But Direct Line branded Aviva’s offer ‘highly opportunistic’ and said it ‘substantially undervalued the company’. Winslow’s strategy to grow customer numbers involves making Direct Line insurance available on price comparison …

Insurance Price Cent Bid Offer Direct Line Aviva

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Articles for Insurer

Uttarakhand State Commission Holds National Insurance Liable For Deficiency In Service Over Denial Of Legitimate Claim Amount

Insured Cannot Assume Obligation On Part Of Bank To Renew Policy: NCDRC

Surveyor's Report Can Only Be Rejected Only On Valid Grounds: NCDRC

ESI | Medical Reimbursement Can't Be Denied Merely Because Insured Person Got Treated At Hospital Not Approved By Insurer: Kerala HC Reaffirms

Insurance Policies Must Be Read Holistically: NCDRC Holds LIC Liable For Deficiency In Service

Insurers Are Deserting Homeowners as Climate Shocks Worsen

Employee's Compensation Act, 1923; To Absolve Liability, Insurer Must Prove Negligence By Employer In Verifying Employee's Driving License: Bombay High Court

Your rights in life and health insurance claims: Unpacking the moratorium clause

Violations Must Constitute Fundamental Breach To Deny Insurance Claim: NCDRC Holds Bharti General Insurance Liable For Deficiency In Service

Surveyor's Report Can Only Be Rejected On Valid Grounds: NCDRC

Police say suspect in UnitedHealthcare CEO killing wasn’t a client of the insurer

US health insurance: Frustrations with care denials

CEO’s Murder Draws Disturbing Praise, Stoking Insurer Fear of Copycats

Telangana State Commission Holds LIC Liable For Deficiency In Service Over Wrongful Repudiation Of Insurance Claim

Delhi State Commission Holds IFFCO-Tokio Liable For Deficiency In Service Over Wrongful Repudiation Of Claim

Words on ammo in CEO shooting echo common phrase on insurer tactics: Delay, deny, defend

Star Health vs Manipal Cigna vs SBI General: Which health insurer stands out?

Hundreds of thousands of drivers could be invalidating insurance by having this common feature fitted to their car...

Rejection Of Claim Within Policy Waiting Period Not Deficiency In Service: Uttarakhand State Commission Allows Appeal By Universal Sompo General Insurance

Signing Discharge Voucher Does Not Prevent Insured Parties From Pursuing Claims : NCDRC Holds Bajaj Allianz Insurance Liable For Deficiency In Service

LIC clarifies on ManipalCigna stake acquisition buzz; here’s what the insurer said

Direct Line shares surge after insurer rejects £3.3bn Aviva takeover tilt

Explained: Why LIC share price gained nearly 4% in early trade

Aviva in £3.3bn bid for Direct Line: Takeover battle erupts as insurer rejects rival's 'highly opportunistic' offer