The right to recover insurance benefits is a contractual right and subject to rights or limitations as provided by Florida statutes. Like any contract, there are contract terms, provisions, conditions ...

At first glance, some people may not see the similarities between the insurance and legal industries, but their impact and extension into every area of the economy cannot be denied. More than that, ...

Read the full Law360 article (subscription may be required) or view the article below. During the last several years, many states have adopted automatic renewal contract, or ARC, laws for the ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

Risk allocation is a fundamental principle in commercial contracts. Each party seeks to minimize its risk while maximizing its reward. Often, the more one party’s risk decreases, the more the other ...

In Part 1 of this series, we introduced the Federal Acquisition Regulation’s (FAR) approach to insurance and risk allocation in federal procurement, with a focus on FAR Part 28 and the ...

Identify the purpose of the transaction, which dictates its structure. Determine whether the transaction: involves the provision of goods (for more information, see Sale of Goods Agreement (Pro-Buyer) ...