A Superior Court ruling that an insured doctor had no viable claims against her medical malpractice insurer, ProSelect, for refusing to appeal and unilaterally settling a $5 million judgment.
Identifying owner but not driver of hit-and-run vehicle does not trigger Uninsured motorist coverage.
SJC ruling result in a primary insurer paying 9% and excess insurer paying 91% of every dollar paid over $1 million on large loss.
Class action settlement gets lawyers $9 million plus and average policyholder $22.02.
State insurance regulations are one area that some Insurtech companies ignore at their peril.