The Eleventh Circuit Court of Appeals reversed a Florida district court’s award of damages to the excess insurer on the ground that the excess insurer failed to prove the primary insurer’s alleged bad faith had caused the excess insurer damages. Westchester Fire Ins. Co. v. Mid-Continental Casualty Co., No. 13-12932 (11th Cir. June 19, 2014).… Continue Reading
Archives for June 2014
New 2% Net Present Value Rate is Now Effective
June 27, 2014. Perhaps not a day that will “live in infamy,” but it is important nonetheless to stakeholders of the South Carolina Workers’ Compensation system. Prior to June 27, 2014, all lump sum payments were commuted at a 5% discount. The regulation became the rule when it was published in the State Registry June… Continue Reading
