Punitive damages come with unexpected tax consequences for plaintiffs.

Insurance agents owe a duty to obtain the insurance and the coverage limits the customer requests. But when someone is hurt by the insured's actions, can the injured person, who isn't a party to the contract between the insured and the carrier, sue the agent because there wasn't enough insurance...

Third party sues insurance agent in Ohio for negligent procurement, after the agent's policyholder causes an auto accident. What do the courts say?

Most people do not understand how hard it is to set fire to a house that destroys the entire dwelling and its contents. Most residences simply do not have sufficient combustibles in the right place to allow for a sustained fire. Many homes, especially the more modern ones, have fail-safe...

Insurance only protects against events that are contingent or unknown at the time the policy is acquired. A Mississippi farmer named Mitchell Scruggs learned this lesson the hard way, after several years in court in multiple cases.

After a Monsato GMO seed lawsuit goes badly for a farmer, he sues his agent for failing to advise him to purchase patent infringement insurance.

Although Congressmen write law, they are not above it. Former Arizona Congressman Richard Renzi learned this lesson when he was convicted on charges of conspiracy, honest-services fraud, extortion, money laundering, making false statements to insurance regulators, and racketeering. In U.S. v. Renzi, the Ninth Circuit Court of Appeal was asked...

Coinsurance is an often misunderstood term and one that causes frequent dissatisfaction with insureds over claim settlements