How important is it for most individuals and families in Oklahoma and nationally to have a reliable and protective long-term disability insurance policy in place to cover protracted health challenges that can arise in life?
Subrogation action is an important insurance concept to understand. With subrogation, one party stands in for another party when making a claim for damages. For example, if you’re driving down the road and another driver runs a red light and side swipes you, your insurance provider may pay for your damages. However, because the other driver was at fault in the accident, your insurance company—acting in your place—will seek reimbursement from that driver’s insurance provider. This scenario is one of the most common types of subrogation.
The law holds insurance companies to a certain standard of behavior. When such a company’s conduct does not live up to this standard, it is coined “bad faith practice”. There are various types of conduct against an insured party that constitute bad faith. For example, it is considered bad-faith practice if the insurer:
Here's something to know about insurance products offered to consumers in Oklahoma: There are about as many varieties as there are types of candy at your local store.
Oklahoma residents are no strangers to a few storms – in fact, it’s what makes us so resilient. But even with our thick skin, this year has still been a rough one for weather. As extreme weather activity continues to increase across the state, so does the risk to property owners.
Last week, the Blue Cross Blue Shield of Oklahoma looked at cutting insurance reimbursements by up to 30 percent. Rural hospitals in the area worry they may have a hard time absorbing these changes, which could result in not being able to accept resident's Blue Cross Blue Shield insurance going forward.
According to the National Association of Insurance Commissioners, the number one complaint that consumers have about their insurance coverage is delay in handling claims. This concern accounts for over 17 percent of all policyholder complaints. Under Oklahoma state law, insurance companies must either pay or deny your claim within 45 calendar days. But what should you do if 45 days have passed and you have not received payment or have received only a partial amount?
Our blog entry today focuses upon an important proof threshold relevant to a bad-faith claim brought by an injured plaintiff denied coverage under an insurance policy.
No ambiguity attaches to a judge's ruling in a recent legal dispute involving mega insurer State Farm.
Individuals can encounter challenges when it comes to getting the health care they need. Examples include difficulties in getting access to certain health services and difficulties connected to the costs of such services. Among the things that can impact what challenges people face on this front is where they live, as states differ in a variety of ways when it comes to their overall health care systems.