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At the same time such MAGs may carry out via subsidiary companies a range of financial services, including payments and lending services. [read post]
31 Jan 2022, 12:46 pm by Shannon O'Hare
KEY POINTS FOR TRADERS Banking licence required from China Banking and Insurance Regulatory Commission. [read post]
24 Jan 2022, 12:40 pm by Scott A. Coleman
  In addition, the parent company of SoFi Bank, N.A., SoFi Technologies, has applied to the Federal Reserve to become a bank holding company and therefore subject to consolidated supervision. [read post]
23 Jan 2022, 5:38 am by Kevin LaCroix
According to the statements of a company spokesperson, the “vast majority” of the settlement amount will be funded by the company’s D&O insurers. [read post]
19 Jan 2022, 11:05 am by Jeremy T. Rosenblum and Scott A. Coleman
  The OCC indicated that in connection with this amendment, the bank organizers will apply to the FDIC for deposit insurance, and Figure Technologies, Inc. will apply for approval from the Federal Reserve Board  to become a bank holding company under Section 3 of the Bank Holding Company Act. [read post]
19 Jan 2022, 2:35 am by The White Law Group
  The company further noted that it has continued its shift in focus away from new life insurance policy acquisitions and towards its investment in Beneficient Company Group, while managing its existing life insurance policy portfolio. [read post]
11 Jan 2022, 7:10 am by Rob Robinson
(Interest/Understanding) Bifurcation of the market between providers that have the ability to insure work (i.e., provide the appropriate insurance coverage) against cyber, geographical, and business risks, and those that do not have the ability to insure work against cyber, geographical, and business risks. [read post]
10 Jan 2022, 1:36 pm by Kevin LaCroix
The court subsequently consolidated the two actions and realigned the parties so that Stillwater was the plaintiff. [read post]
Each of the plaintiffs was a business that had purchased a commercial-property insurance policy from the Cincinnati Insurance Company. [read post]
7 Jan 2022, 9:03 pm by Katherine Rohde
Over the past twenty years, the U.S. health care system has seen rapid consolidation in hospital, physician, and insurance markets. [read post]
4 Jan 2022, 11:11 am by Geoff Schweller
The pandemic only further disrupted these challenges across the supply chain, exposing a food system that was rigid, consolidated, and fragile. [read post]
29 Dec 2021, 12:00 pm by Kevin LaCroix
  The implications for insurers D&O insurers should assess the climate-related risks to insureds based on governance issues, continuous disclosure obligations and the insured’s interactions with institutional investors. [read post]
20 Dec 2021, 6:28 am by Andrew L. Levy and Bill Boak
  After the cases were consolidated in the Sixth Circuit, OSHA moved to dissolve the stay previously issued by the Fifth Circuit. [read post]
19 Dec 2021, 4:19 pm by Timothy Chan (AU)
Intermediaries and policy holders want an insurance company that not only keeps up with technological advancement but looks to the future as well. [read post]
16 Dec 2021, 7:56 am by Neil H. Buchanan
Those management companies would then run consolidated office and maintenance operations, allowing people to rent houses for less than it would cost to own and maintain a home as an individual.What I described is not only possible but, as I suggested above, arguably superior as a matter of public policy. [read post]
16 Dec 2021, 1:50 am by Kevin Kaufman
Pennsylvania Pennsylvania made a range of improvements to its unemployment insurance taxes. [read post]
Section VI General Conditions (D)(1) provides: (1)  If during the Policy Period the Company acquires any entity by merger, consolidation or otherwise such that the entity becomes a Subsidiary, coverage shall be provided for any Loss involving a Claim, Interview or Investigation Demand for a Wrongful Act occurring after the consummation of the transaction. [read post]
7 Dec 2021, 2:59 pm by Kevin LaCroix
Public company D&O insurance (assuming here for the sake of discussion here that the company actually maintains D&O insurance) provides entity coverage only for Securities Claims — that is, claims alleging violations of the securities laws. [read post]
6 Dec 2021, 8:18 am by Cinthia Macie
January 14, 2021 FTC issued orders to 6 health insurance companies, seeking information regarding the effects of physician group and healthcare facility consolidation. [read post]