McDonough & Serano
Insurance Newsletter
First-Party Insurance
 
An insured may submit a claim to his insurer to recover under two different categories of insurance. The categories are based on whom the insurer is required to pay. If the insurer is required to pay the insured for his loss, the insurance classification is "first-party" insurance. If the insurer is required to pay a third party on behalf of the insured due to a loss caused by the insured to the third party or the third party's property, the insurance classification is "third-party" insurance. This article addresses first-party insurance only.More...
 
Insurance Law
 
If an insured suffers a loss for which an insurer denies coverage, the insured may attempt to recover damages from the agent or the insurer on the ground that he would not have purchased such a policy had the agent explained it to him. The action may be brought under a negligence theory. In such a case, the insured would need to prove that the agent had a duty of care to explain the policy to him.More...
 
Types of Insurance Companies
 
The structure of an insurance company may affect how it does business. Insurance companies may take the form of regular stock companies, may be mutual insurance companies, or may be "captive" subsidiaries of companies that effectively are self-insured. More...
 
Directors and Officers Insurance
 
Directors and officers of a corporation make numerous business decisions in managing the corporation that affect both the corporation and its shareholders. While some decisions are profitable, others may cause losses to the corporation or the shareholders. Thus, directors and officers (D&O) insurance is available to protect them from personal liability for certain losses that they cause. More...
 
Exclusions in Aviation Insurance Policies
 
The aviation industry is highly regulated. Exclusions in aviation insurance policies relating to violation of such regulation have raised special issues.More...
 
Find a Lawyer
The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide, ask us to send you free written information about our qualifications and experience.This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.