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16 Jan 2023, 11:47 pm by Penny Biram
The court concluded that the company had provided financial assistance but had failed to comply with the requirements of section 45, rendering the indemnity void. [read post]
1 May 2022, 6:57 am by David Adelstein
  Not only does the bond-principal execute this General Agreement of Indemnity, but typically, so do other indemnitors such as the company’s principals and their spouses, other related companies, etc. [read post]
20 Aug 2012, 4:45 am
Further, it also highlights the caution required when group companies conduct legal proceedings on behalf of other shell companies within the group, against the backdrop of indemnities or other protections contained in intra-group contracts. [read post]
3 Nov 2021, 5:41 am by Donald Dinnie
  The court applied the approach to interpreting insurance contracts as stated in Centriq Insurance Company Limited v Oosthuizen and Another. [read post]
9 Jun 2022, 10:28 am by Thomas Nantias
Business owners should understand indemnity to protect themselves and their companies. [read post]
24 Jan 2011, 4:00 am by Philip Thomas
Last week the Costa Rican bond company Provident Capital Indemnity and its owners were indicted in federal court in Virginia for mail and wire fraud. [read post]
8 Dec 2014, 3:33 am by Broc Romanek
In addition, representation and warranty insurance has become increasingly popular in recent years, particularly in transactions where financial sponsors seek limited post-closing exposure. [read post]
18 Aug 2023, 3:00 am by Chip Merlin
The focus of insurance company vendors is on saving the insurance company money on indemnity dollars paid to the insurance company customers. [read post]
19 Jan 2011, 4:13 pm by Securites Lawprof
According to the SEC, PCI is an offshore company located in Costa Rica that provides financial guarantee... [read post]
3 Nov 2021, 5:41 am by Donald Dinnie
  The court applied the approach to interpreting insurance contracts as stated in Centriq Insurance Company Limited v Oosthuizen and Another. [read post]
21 Jan 2011, 8:48 am
  According to the SEC complaint, however, Calvo and Castillo misrepresented Provident's ability to satisfy its obligation under the bonds, by misrepresenting the assets that backed the bonds, the company's credit rating, the availability of reinsurance, and whether the company's financial statements were audited. [read post]
13 Apr 2013, 2:44 pm by John Day
Last week I wrote a post titled " State Volunteer Mutual Insurance Company -2012 Financial and Claims Data" that resulted in an unusual number of emails and phone calls. [read post]
27 Apr 2012, 11:38 am by admin
Michael Childress works in Christchurch for Risk Worldwide, an international consulting company specializing in insurance recovery. [read post]
9 Dec 2011, 5:13 am by Peter Vodola
  The fraud was related to preparation of audited financial statements that falsely claimed that Provident Capital Indemnity, Ltd., had entered into reinsurance contracts with major reinsurance companies. [read post]