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Although advertized to be "like a good neighbor" or keeping you in "good hands," insurance companies are in business to make money. The easiest way for them to do this is to not pay claims on the policies they have sold.
Increasingly insurers are marketing specialized products that appear, based on their name, to provide broad coverage to policyholders. One example is a "supplemental accident" policy. A closer look at many such policies reveal that the... Read More
The case started when a Vermont insurance company, Northern Security Insurance Company, Inc., after receiving a notice of claim against one of its insureds, agreed to defend the case under a reservation of rights. The insureds, who owned rental property, were the subject of a complaint by a tenant alleging personal injuries and other damages due to exposure to mold.
The insureds rejected representation under the reservation of rights and retained their own counsel, an experienced... Read More
