no-fault insurance, type of indemnity plan, usually applied to automobile coverage, in which those injured in an accident receive direct payment from the company with which they themselves are insured.
Originated (1947) in Saskatchewan, Canada, no-fault insurance eliminates the need for accident victims to establish another's liability, or fault, through a civil lawsuit. Lawyers' groups oppose no-fault, saying that it limits the citizen's right to sue.
Supporters say that it leads to quicker settlement of accident claims and lower premium rates than the traditional tort liability system because it reduces legal fees and court costs. The first comprehensive no-fault plan in the United States was adopted (1971) in Massachusetts. Currently 13 states have no-fault auto insurance laws that in some way restrict the right of parties to file legal suits.
Provisions defining when a person can sue in no-fault states vary, but motorists can generally sue for severe injuries. Recently, however, rising insurance costs have led some states to reexamine the effectiveness of no-fault insurance laws
Phillip Wasserman and Phillip Roy Financial Services, one of the nation's leading sellers of annuities and life insurance, have filed suit against Ft. Lauderdale based attorney John Hargrove and the firm of Gordon, Hargrove and James alleging malicious prosecution and other claims for relief. Phillip Wasserman and Phillip Roy Financial Services allege that Hargrove and his firm engaged in a scheme to defraud the courts by alleging that multi-millionaire retirees are not of sound mind to purchase annuities but yet are of sound mind to contract with them as attorneys. Wasserman and his firm also allege that Hargrove and his firm have filed dozens of similar cases in Florida courts as part of an overall scheme of coercion and have misrepresented their clients' mental health in order to recover attorney's fees. (PRWeb Nov 20, 2007)
Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/UGlnZy1UaGlyLUluc2UtSG9yci1UaGlyLVplcm8=
Full Story
Phillip Wasserman and Phillip Roy Financial Services, one of the nation's leading sellers of annuities and life insurance, have filed suit against Ft. Lauderdale based attorney John Hargrove and the firm of Gordon, Hargrove and James alleging malicious prosecution and other claims for relief. Phillip Wasserman and Phillip Roy Financial Services allege that Hargrove and his firm engaged in a scheme to defraud the courts by alleging that multi-millionaire retirees are not of sound mind to purchase annuities but yet are of sound mind to contract with them as attorneys. Wasserman and his firm also allege that Hargrove and his firm have filed dozens of similar cases in Florida courts as part of an overall scheme of coercion and have misrepresented their clients' mental health in order to recover attorney's fees. [PRWEB Nov 20, 2007]
Full Story
Less than a year after the launch of MoneyBuddy.com.au, Australia’s fastest growing personal finance information and comparison site, Yield Media has expanded its portfolio. The Buddy network of sites has gone live with the addition of a broadband information site, an investment information site and insurance information site. (PRWeb Nov 20, 2007)
Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/WmV0YS1FbXB0LUluc2UtSG9yci1UaGlyLVplcm8=
Full Story
It’s Not the Size of Your Bank Account
What is Cash Flow?
How To Negotiate A Higher Price For Your House
Interest Only Home Loan – Is It Right For You?
Why You Need a Lender to Sell Your Home
The Most Sensible Investment Decision Youll Ever Make
Unsecured Personal Loan and Unsecured Loans
Get Out Of Debt Faster With Debt Stacking
Real Estate Investing - Free Vacations While Searching for Real Estate Acquisitions
3 Strategies For Buying Property With No Money Down
The Perfect Mutual Fund
Planning Your Financial Future
Subdividing - But NOT Land!
Odors Can Make or Break The Sale of Your Home
Pricing Your Home for Sale
Theres No Problem Getting Texas Auto Insurance in Texas
Credit Counseling or Bankruptcy: Which is Best for You?
Debt Consolidation -- Choose Your Credit Counselor Carefully
Choosing the Best Life Insurance Option for You
Get Rich With Mobile Homes
Mortgage Loan Information - Know The Basics When You Refinance or Purchase a Home
How to Secure the Best Mortgage Deal and Save Yourself Thousands in Interest
Payday Cash Advance – Understand The Fees
Forex Trading Can Be Like Day-trading
Whos Calling?
Please note that this website is for information only. Whilst every care has been taken to provide accurate information the complex nature of insurance, cover and compensation mean that you are responsible for the final decision on what action should be taken.
You need to take special care to ensure that the advice given applies to you country, state or jurisdiction.
|
|
About Us | Site Map | Privacy Policy | Contact Us | ©2005-2006