Insurance companies have the responsibility to investigate all claims made by insurance carriers. Many of these claims may not qualify for compensation, however, because they do not fulfill requirements set out in the initial contract. As a result, the insurance company will deny the claim.
Insurance companies are often hit with bad-faith claims for a variety of reasons -- some far less valid than others.
In business, one of the most important priorities should be protecting your assets from competitors. These assets could be in the form of trade secrets or practices and processes, but they could also be in the form of talented employees and the information that they have.
Many people decide to enter partnerships because they believe that building a business with other talented people will lead to a successful endeavor. While partnerships can become very successful, they can have the potential to make the legal aspects of business become more complex.
As a business owner that has just gone through a merger, you will know that it is very important -- both from an employee morale perspective and a logistical perspective -- that the process goes as smoothly as possible. When properly planned, mergers can be seamless and can successfully lead to a profitable and more economically efficient company.
Entering into a contract for any type of reason is risky for both parties. You might enter into a contract for real estate. Or, maybe the contract has to do with your business. Either way, you need to understand what's at stake and how you can protect yourself should one party breach the terms of the contract. So, what are the remedies and damages available for breach of contract?
Anyone can have a great idea or come up with an innovative concept. But to actually bring your plan to fruition and make a profit requires business acumen. These skills come more naturally to some than others, but fortunately, most can be taught and learned.
Humana, which is based in Kentucky, has announced the completed sale of its insurance entity. The insurance arm of Humana, which was a subsidiary completely owned by the company, was known as KMG America Corporation. The sale of the commercial insurance entity was completed with Texas-based Continental General Insurance Company (CGIC).
Business disputes are all too common. They occur at the drop of a dime for one reason or another. There might not be a rhyme or reason for them either. These disputes can lead to litigation, which can turn into a lengthy affair. Businesses facing litigation will want to do everything possible when it comes to resolving disputes. This includes trying out mediation as a way to resolve the issue at hand in Fayette, Kentucky.