Motorist claim accepted after pre-existing damage denial ruled out – Daily – Insurance News

Motorist claim accepted after pre-existing damage denial ruled out 23 June 2022 A motorist who did not disclose a pre-existing dent on her vehicle will have her third-party fire and theft policy claim covered after an Australian Financial Complaints Authority hearing ruled in her favour. Pacific International Insurance denied the woman’s claim, saying she breached … Read more

Crypto month at a glance: Terra’s black swan event ruled the market

The month of May would be considered as the highlight in the crypto industry as Luna, a top 10 coin crashed to nothing. Other altcoins continued to feel the pain. Luna was a layer-1 platform that focused on DeFi (Decentralised Finance) protocols with its algorithmic stablecoin UST. Stablecoins are cash equivalent in the crypto space … Read more

Corporate board gender requirement ruled unconstitutional

A Los Angeles judge ruled Monday that a 2018 California law requiring publicly held companies to have women on corporate boards is unconstitutional, according to reports. Los Angeles Superior Court Judge Maureen Duffy-Lewis has ruled against S.B. 826, which was signed into law by former Gov. Jerry Brown in September 2018, in Crest v. Padilla, … Read more

Exclusion Not on Declarations Page Ruled Unenforceable ‘Hidden Trap’ in New Jersey

A three-judge New Jersey Superior Court appellate panel has ruled that an intra-family liability exclusion in a Travelers (St. Paul) auto insurance policy amounts to a “hidden pitfall” and is unenforceable because it was not cited on the policy’s declarations page. While not finding the exclusion itself ambiguous, the judges said a “clearly worded exclusion … Read more

Exclusion Left Off Declarations Page Ruled Unenforceable ‘Hidden Trap’ in New Jersey

A three-judge New Jersey Superior Court appeals panel has ruled that an intra-family liability exclusion in a Travelers (St. Paul) auto policy amounts to a “hidden pitfall” and is unenforceable because it was not cited on the policy’s declarations page. While not finding the exclusion itself ambiguous, the judges said a “clearly worded exclusion can … Read more