disclosure News

Requirements, Exceptions, and Considerations of an Insurer’s Right to Examinations Under Oath

An insurer’s right to examine its insured under oath in connection with evaluating a claim submitted under the insurer’s policy is well established under the law. Over 130 years ago, the United States Supreme Court in Claflin v. Commonwealth Insurance …

Appeals Court Upholds Trump Health Care Price Disclosure Rule

A federal appeals court on Tuesday upheld a White House-backed rule to require hospitals to disclose the prices they negotiate with insurers for an array of tests and procedures. The 2-0 decision by the U.S. Court of Appeals for the …

Amazon Reports Over 19,000, or 1.44%, of U.S. Frontline Employees Had Covid-19

Amazon.com Inc. on Thursday said more than 19,000 of its U.S. frontline workers contracted the coronavirus this year, or 1.44% of the total, a disclosure sought by labor advocates who have criticized the COVID-19 response of the world’s largest online …

Americans Are Paying $34 Billion Too Much for Houses in Flood Plains

At least 3.8 million U.S. homes lie in flood plains. Together, they may be overvalued by $34 billion. New research published today in a National Bureau of Economic Research working paper shows that markets fail to incorporate risks from flooding …

New Laws in Calif., Colo., Mich., Ore. and La. to Impact Claims Professionals

Legislation that creates potential for more employment law claims in California and a measure that may give attorneys a new tool to extract larger settlements from Colorado auto insurers are among new laws that will impact insurance claims professionals in …

Wynn Sex Misconduct Case Raises Question: When Do Investors Need to Know?

When should a company have to tell investors that a top executive is facing sexual misconduct allegations? The question comes as Wynn Resorts is being rocked by the resignation of Steve Wynn, its chairman and CEO, following allegations that first …

Mass. Embraces ‘Disclosure, Apology, Offer’ Approach for Med Mal Cases

A newly enacted law in Massachusetts will adopt the “Disclosure, Apology, and Offer” approach to help resolve malpractice cases. The healthcare cost control bill — recently passed by the Massachusetts legislature and signed by Gov. Deval Patrick on August 6 …

Japan Probe Finds Nuclear Disaster Response Failed

Japan’s response to the nuclear crisis that followed the March 11 tsunami was confused and riddled with problems, including an erroneous assumption an emergency cooling system was working and a delay in disclosing dangerous radiation leaks, a report revealed Monday. …

Wyoming Lawyer Fined for Failing to Disclose Client’s Insurance Information

The Wyoming Supreme Court has issued a formal public censure of a Rock Springs attorney. The Wyoming State Bar says Clark D. Stith was censured over his representation of a company that had been sued for damages. It says Stith …