Guarantees a use of comparison calculators by brokers…….

Does the use of comparison calculators by brokers guarantee that the advice is based on a ‘sufficient number of insurance contracts offered on the market and of insurers’ as required by § 60 VVG?   At this point, lawyer Dr. Johannes Fiala, lecturer for insurance law at the DHBW Heidenheim, will answer your questions. You […]

Insurance Law

Insurance law: inform in good time Nowadays, there is almost no aspect of life that cannot be covered by a insurance. The field of insurance law is broadly diversified and applies both in the area of private provision and in corporate risk minimization. Many insurances are almost regarded as basic equipment for a “carefree” life. […]

Discussions on legal protection

Recent insurance cases in legal expenses insurance lead to the question: When is it useful to take out a coverage claim in the event of a refusal of benefits?   Insurance companies offer the customer a good feeling until the customer is then faced with a mostly justified refusal of benefits in the event of […]

Legal protection: When is it worthwhile to take out a cover action?

Insurance companies offer the customer a good feeling until the customer is then faced with a mostly justified refusal of benefits in the event of a claim. The vast majority of intermediaries have hardly any market overview for a comparison of offers at home and abroad – especially not the customer. The broker lets a […]

Insured event in legal expenses insurance (RSV): When does it make sense to file a coverage claim if benefits are denied?

Insurance companies offer the customer a good feeling until the customer is then faced with a mostly justified refusal of benefits in the event of a claim. The vast majority of intermediaries have hardly any market overview for a comparison of offers at home and abroad – especially not the customer. The broker lets a […]

Property insurance risks

In the light of the judgement of the Federal Court of Justice (BGH) of 22.05.1985   One can debate the issue, hold other legal opinions, or like us here, set a judgment as a reference point. We still consider the judgement to be trend-setting, because it describes the obligations which an insurance intermediary, in this […]

Insurance brokers: So-called fee-based advisors as the gravediggers of the intermediary profession

– The broker’s main service is mediation in return for a brokerage fee – *by Dr. Johannes Fiala, Attorney at Law (Munich), MBA Financial Services (Univ.), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), Lecturer for Civil and Insurance Law (BA Heidenheim, Univ. of Cooperative Education), (www.fiala.de) and Dipl.-.Math. Peter A. Schramm, expert for actuarial […]

Cologne Higher Regional Court: Premium adjustments in private health insurance often ineffective!

– OLG Cologne judges generally usual procedure of the PKV as inadmissible –   In its judgment of 20 July 2012 (Case No.: 20 U 149/11), the Cologne Higher Regional Court ruled that a procedure used for decades by private health insurers for premium adjustments was incorrect. As a result, many premium adjustments since 1995 […]

Real estate and construction financing: We advise you on the ground!

– Credit institutions are liable for failure in real estate financing duration until retirement age –   Credit institutions often finance real estate in the foreseeable knowledge that the property will not be paid off by the time the borrower retires. If a failure of the financing and thus a forced sale of the property […]

Experts

If you confront a judge with the popular saying “In court and on the high seas only the good Lord knows what happens to you”, the answer will promptly come: “No, no, … before the experts and on the high seas …”. Court-appointed and publicly appointed experts, but also private experts have an important function […]