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20 May 2024, 6:26 am by Kevin LaCroix
In the following guest post, Assen Koev argues in favor of a standardization of the initial economic assessment analysis as a way to provide the parties and concerned insurers with a clearer picture of the securities lawsuit at an earlier point in the case. [read post]
12 May 2024, 9:01 pm by renholding
At least eight other states—Arizona, Georgia, Idaho, Indiana, Iowa, Kentucky, Louisiana, South Dakota—are also considering fair access bills, some of which would apply to payment processors, payment networks, and credit card companies and networks in addition to banks and insurers. [read post]
28 Apr 2024, 11:33 am by admin
This delay was largely influenced by the interests of Metropolitan Life Insurance Company (MetLife) and other asbestos mining and product manufacturing companies. [read post]
16 Apr 2024, 9:01 pm by renholding
Rule 14-02(f) requires that, as part of the contextual information required pursuant to Rule 14-02(a) discussed below, a registrant must separately include the aggregate amount of recoveries, such as insurance proceeds, recognized during the fiscal year as a result of severe weather events and other natural conditions for which expenditures, losses, costs and charges are disclosed pursuant to the final rules. [read post]
4 Apr 2024, 5:51 am by Alex Joel
” It points out that “[i]f China believed that a major conflict with the United States were imminent, it would consider aggressive cyber operations against U.S. critical infrastructure” to “imped[e] US decisionmaking, inducing societal panic, and interfering with the deployment of U.S. forces. [read post]
11 Mar 2024, 6:17 am
Depending on your business, you may have additional, more specialized liability insurance policies, such as directors and officers (D&O), errors and omissions (E&O), or employment practices liability (EPLI) insurance. [read post]
6 Mar 2024, 3:04 am by Etelka Bogardi (HK) and Conrad Lam
The Custodial Services Circular contains various principles-based governance and custodial standards, structured as follows: (A) governance and risk management; (B) segregation of client digital assets; (C) safeguarding of client digital assets; (D) delegation and outsourcing; (E) disclosure; (F) record keeping and reconciliation of client digital assets; (G) anti-money laundering and counter-financing of terrorism; and (H) ongoing monitoring. [read post]
4 Mar 2024, 5:56 pm
TheCTA exempts twenty-four kinds of entities from its reporting requirements,including banks, insurance companies, and entities with more than twentyemployees, five million dollars in gross revenue, and a physical office in the UnitedStates. [read post]
4 Mar 2024, 12:47 pm
Readers are requested to notify the Reporter ofDecisions, Supreme Court of the United States, Washington, D. [read post]
25 Jan 2024, 2:51 pm by Kevin LaCroix
[v] Client and Employee Poaching Claims A common claim noticed under private company D&O policies and one that often raises the question of Section 533’s applicability involves an insured’s liability for poaching clients or employees from a competitor. [read post]
19 Jan 2024, 10:59 am by Keith Szeliga
Examples of fringe costs include costs incurred for vacations, sick leave, holidays, military leave, employer pension and 401(k) contributions, payroll and unemployment taxes, insurance, and other employee benefits. [read post]
14 Dec 2023, 9:01 pm by renholding
The New York Department of Financial Services (NYDFS) has finalized amendments (“Amended Regulation”) to its cybersecurity rule (“Cybersecurity Rule”) that applies to financial institutions licensed by the NYDFS. [read post]
11 Dec 2023, 1:18 pm by Holly
Some examples of direct or indirect (e.g., as a trustee of a trust) substantial control include: (A) board representation; (B) ownership or control of a majority of the voting power/rights; (C) rights associated with any financing arrangement or interest in a company; (D) control over one or more intermediary entities that separately or collectively exercise substantial control over a Reporting Company; (E) arrangements or financial or business relationships,… [read post]