The International Accounting Standards Board has issued its long-awaited standard for insurance contracts after more than a dozen years, requiring a consistent treatment for all types of insurance ...

Insurance is designed to protect against financial losses from damage. It is not meant to be used as a way to gamble and make money off damage to your business or personal assets. If you own multiple ...

The insurance relationship is basically contractual in nature. As a result, insurance policies must satisfy all of the elements required for a binding contract. The standard practice in insurance is ...

At first glance, some people may not see the similarities between the insurance and legal industries, but their impact and extension into every area of the economy cannot be denied. More than that, ...

In Dones v. Life Ins. Co. of North America (No. A157662, filed 10/7/20), a California appeals court held that whether an insurer had waived or was estopped to assert that an “active service” ...

The insurance industry is on the verge of a monumental shift, driven by the integration of blockchain technology and smart contracts. Bob Brzyski For life and health insurance agents and agency owners ...

Construction contracts at all tiers usually include terms requiring certain types of insurance, and often contain related provisions about indemnity. This “boilerplate” can be important if a job goes ...

Following months of negotiations, the contracts will expire July 30, 2019, between United Healthcare and several UAB Health System entities, including – among others – UAB Hospital, The Kirklin Clinic ...