Settlements Archives - Zxcoachoutlet

The many confusions and disputes in COVID-19 insurance settlements

October 13, 2020

a man standing in front of a door: The many confusions and disputes in COVID-19 insurance settlements

Abhishek Bondia

“Make sure you assess your viral load based on the CT value,” Biocon’s Kiran Mazumdar Shaw suggested in her blog about ways to manage COVID-19 after successfully recovering from the illness. The Hindu was quick to declare shortly after Shaw’s blog was published that there is “no correlation between CT values and COVID-19 severity.” Such contradictions have been a hallmark of this evolving pandemic. Similar confusion has prevailed in several parts of insurance delivery. At times, this has compounded the issues for the policyholder, who is battling a relatively less understood illness, the social issues attached to it, and limited supply of proper care.

Confusion despite clarification

At the onset of the pandemic, the insurance regulator clarified that all standard health insurance policies cover COVID-19 and asked for insurers to be extremely cautious before rejecting a

USOPC Suing Insurance Carriers for Allegedly Delaying Larry Nassar Settlements | Bleacher Report

October 9, 2020

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Carlos Osorio/Associated Press

The U.S. Olympic and Paralympic Committee reportedly filed a lawsuit in a Colorado district court on Thursday against its insurance carriers, claiming they are delaying payments stemming from the Larry Nassar sexual abuse fallout.

Nancy Armour and Tom Schad of USA Today reported the news, noting the USOPC has not reached a settlement with the more than 500 girls and young women who sued the organization and USA Gymnastics because they said they were sexually abused by Nassar or others within the sport.

Mediation has lasted approximately a year and a half, and USOPC said the 11 insurance companies it is using have “failed to honor their promises,” which has delayed any settlement payments.

“This lawsuit seeks to have a court resolve the issues related to the insurers’ obligations, as part of our efforts to achieve a fair resolution for the victims and survivors,” board chair Susanne

Healthy Life Insurance Policyowners Can Qualify for Life Settlements

October 2, 2020

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Traditionally, life settlements – the sale of an unwanted or unaffordable life insurance policy for substantially more than the policy’s cash surrender value — have significantly benefitted seniors by providing them with resources to help pay for rising health care costs, medical bills and other needs in retirement.

(Related: Where the Life Settlement Business Is Now — And Where It’s Going)

For a policy to have value in a life settlement, the insured person under the policy typically needed to be in their mid-to-late 70s and have had a decline in health since the policy was first issued. Health impairments such as diabetes, heart disease, cancer or other serious medical conditions were often necessary in order for the policy to be sold.

But now, even healthy seniors – those whose health has not significantly declined from when they first took out the policy – have the option to

Los Angeles Personal Injury Settlements

May 4, 2020

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Minor claims for personal injuries in Los Angeles may take about six months to reach a conclusion. Where severe injuries are involved, the time required for resolution is likely to be two years or more. The cost of litigation to the insurance company is much more than it is to the plaintiff (the victim who files the claim).

In most personal injury cases the insurance adjustor makes an initial offer and tries to settle quickly. If that effort fails, the company gets down to negotiating. It is an art, but time-consuming. If a seasoned lawyer is appearing for the victim, he is sure to obtain a good settlement, provided all the details furnished to him are correct. The services of insurance company adjustors turned settlement counselors are obtainable. They know all the ropes. Also available are online tools and software to help the plaintiff.

From time to time the lawyer … Read More

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