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Monthly Archives: January 2012

Concordia Ship Victims May Need To Rely On Liability Insurance Policy – Not the U.S. Courts

Concordia Ship Victims May Need To Rely On Liability Insurance Policy – Not the U.S. Courts

Thursday’s Post 1.26.12 –  Those U.S. travelers involved in the Costa Concordia Cruise Ship tragedy may not find any financial relief in their own U.S. Court System or the Ship’s Liability Insurance Policy. This is the fear of  many of the U.S. Citizens and families of the victims on-board the doomed ship. Since the Passenger Travel Tickets were purchased through an Italian owned Cruise Company, any law suits sought would need to be filed and heard in an Italian court or european legal system. This is not the first time a foreign cruise line has had an accident in european waters with U.S. Citizens aboard.  It’s also not the first time there has been attempts to challenge the ticketing contract clause of a non U.S. Cruise Line which prohibits American citizens to initiate litigation in the United States Court System against a foreign Cruise Line or it’s liability insurance policy.

In a previous case; a U.S. Appeals Court found against an american claimant stating her physical,  financial  and liability insurance policy limitations did not supersede the contract she engaged in while traveling on board the non U.S. vessel. The Florida-based Carnival Cruise Lines (who owns the Costa Concordia) will  not face any liability in American courts, as the fatal accident happened while in Italy. The survivors and the families of those whom perished in the Costa Concordia disaster will be limited to seek relief through non-domestic means. These means would include,  filing legal action in a foreign court and seeking monetary relief through the liability insurance policy maintained by Carnival Cruise Lines.

-Mike  

Michael E. Dortch
President &  Managing Agent
InsureDirect.com
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania  19446
(800) 807-0762  ext. 602

Receiving A Ticket For Texting Will Increase “Car Insurance Rates”

Receiving A Ticket For Texting Will Increase “Car Insurance Rates”

Tuesday’s Post 1.23.2012 –  Oklahoma lawmakers submitted a Bill for review and ratification, which would prohibit drivers from using their cell phones for text messaging.  Legislators have also introduced a companion  law which would impose major fines and increased Car Insurance Rates for those drivers whom ignore the new laws. The new laws will not apply to reading… Continue Reading

Sex Discrimination Claims Haunt Walmart

Sex Discrimination Claims Haunt Walmart

Monday’s Post January 23,2012 –  Two former Walmart  employees have re-filed a sex discrimination lawsuit claims against the nations largest retailer.  The female employees whom filed the action against Walmart say they were  intentionally prevented from advancement within the company because they happen to be women and not men. Last year, 1,500,000 present and former… Continue Reading

Multi-Policy Discounts – Over Rated By Those Receiving Just An Auto Insurance Quote

Multi-Policy Discounts – Over Rated By Those Receiving Just An Auto Insurance Quote

Saturday’s Post January 21, 2012 –  In 2010 – 2011; everyday folks whom received both an auto insurance quote and homeowners insurance quotes online showed much  less interest in the multi-policy discount provided by most insurance carriers than how much they could saved on purchasing their policies separately.  Survey’s show that less than 1/2 of all homeowners have a  package home and car insurance carrier discount. This number is… Continue Reading

New Equine Policy Covers More Than Car Insurance And The “Horses Mouth”

New Equine Policy Covers More Than Car Insurance And The “Horses Mouth”

Thursday’s Post 1.19.12 – A specialty insurance carrier in the State of California is offering a new group of innovative insurance policies. The new policies being underwritten will offer liability insurance policies for privately owned horses, including death, commercial car insurance coverage availability and additional products for the owners of stables and farms. Momentous Insurance is a well-known Insurance Broker which specializes in covering the possessions of wealthy… Continue Reading

National Flood Insurance Program Lives To Fight Another Day

National Flood Insurance Program Lives To Fight Another Day

Wednesday’s Post  January 18, 2012 –  When will the administrators of the NFIP figure out why they are having such a difficult time paying their bills?  The National Flood Insurance Plan which has lost money for years got another new lease on life this month. Leaders in the insurance industry appreciate the extension by both the Obama Administration and the U.S. Congress for additional time… Continue Reading

Settlement Reached In Illinois Insurance Case

Settlement Reached In Illinois Insurance Case

Tuesday’s Post  1.17.12 –  An Illinois court has approved payments by AIG Insurance Company as a settlement from the allegations made against the largest insurance company in the world. The law suit alleges the insurance carrier failed to make mandatory monetary donations to State Workers Compensation Fund by intentionally misreporting its market share of Insurance premiums. The agreement was in response to claims by other Workman’s Comp insurance companies that AIG… Continue Reading

Texas Securities Company Fools Investors In Life Settlement Scheme

Texas Securities Company Fools Investors In Life Settlement Scheme

Monday’s Post 1/16/12 –  A life insurance-settlement company  is facing legal action by the securities and exchange commission after allegations the company fooled investors with bad information and systematically reporting intentional errors in its business and risk-assessment practices. Three company executives for the company are accused of low-balling life expectancy numbers of the clients it purchased life insurance policies from, causing drawn-out extended losses to the company investors… Continue Reading

Collision Repair Shops Call For Fair Pay

Collision Repair Shops Call For Fair Pay

Sunday’s Post 1/15/12 – Even though efforts to change auto accident repair laws in the State of Massachusetts have all failed in the recent past, a car insurance trade organization has renewed its efforts to change the laws which would support a more standard and  fair process for setting repair shop charges.  There is a… Continue Reading