elfin_odalisque
Literotica Guru
- Joined
- Feb 3, 2004
- Posts
- 10,056
The problem does not lie with the corporate insurance schemes, but with lawyers and the law concerning legal requirements for public injury.
If a claim is being pursued it must cover all medical expenses, both those already incurred as well as future needs. It is patently unfair that a claim can be settled without due cognisance of costs already paid out by a health insurer who has a fiduciary duty to all members of the scheme.
The key point in this sad story is the guilty party, who had a totally inadequate $1 million cover. Given the potential liability of a case like Mrs Shanks, personal injury liability cover should be legally required at levels many times higher.
The fault here is not with the healthcare insurers.
If a claim is being pursued it must cover all medical expenses, both those already incurred as well as future needs. It is patently unfair that a claim can be settled without due cognisance of costs already paid out by a health insurer who has a fiduciary duty to all members of the scheme.
The key point in this sad story is the guilty party, who had a totally inadequate $1 million cover. Given the potential liability of a case like Mrs Shanks, personal injury liability cover should be legally required at levels many times higher.
The fault here is not with the healthcare insurers.
jomar
chillin
- Joined
- Nov 7, 2006
- Posts
- 27,553
What elfin said. The business was terribly under-insured. But just because a business has only 1 million in coverage, that doesn't have to limit money awarded by a court.
I just bought a new (to me, otherwise known as pre-owned) car and my insurance agent suggested upping injury/liability coverage to at least 1 million or so I won't lose the house if I crash into someone and they successfully sue me.
And in the work I do I carry several million dollars of liability coverage in case I fuck up.
I just bought a new (to me, otherwise known as pre-owned) car and my insurance agent suggested upping injury/liability coverage to at least 1 million or so I won't lose the house if I crash into someone and they successfully sue me.
And in the work I do I carry several million dollars of liability coverage in case I fuck up.
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