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6 Sep 2019, 6:00 am
It's now back in the news (sorta) due to this rather silly Tweet:An actuary on the staff at the National Association of Insurance Commissioners is wondering whether, and how, the existence of nonbinary people might affect the world of life insurance. [read post]
21 Sep 2022, 7:23 am by E. Danya Perry
Misrepresentations to Banks and Insurers According to the OAG, Trump used these exaggerated financial statements to secure more favorable terms from banks and insurers. [read post]
2 Jan 2009, 9:47 am
Though the companies targeted represent over 90 different Standard Industrial Classifications (SIC) Codes, fully 99 of the lawsuits hit companies with SIC Codes in the 6000 series (Finance, Insurance and Real Estate), including 19 in SIC Code 6021 (National Commercial Banks) and 20 in SIC Code 6211 (Security Brokers and Dealers). [read post]
10 Aug 2012, 1:28 am by Kevin LaCroix
National Australia Bank presents significant obstacles for claimants who want to pursue securities claims against non-U.S. companies in the U.S courts, as the short sellers who tried to sue Porsche in the Southern District of New York found out—their prior federal court securities suit was dismissed on the basis of Morrison. [read post]
2 Aug 2015, 5:10 pm by Kevin LaCroix
  Article 58 of the company’s bylaws provide that “disputes involving the Corporation, its shareholders, managers and members of the Audit Board” regarding “the rules issued by the [Brazilian Securities and Exchange Commission] as well as in all further rules applicable to the operation of the capital markets in general” shall be “resolved according to the rules of the Market Arbitration Chamber. [read post]
20 Oct 2012, 2:37 pm
They first earn fees for creating insurance companies to take over those annuity contracts from the insurance companies. [read post]
25 Nov 2015, 5:56 pm by Lloyd J. Jassin
Some states, such as New York, do not permit insurance companies to insure you against punitive damages. [read post]
25 Nov 2015, 5:56 pm by Lloyd J. Jassin
Some states, such as New York, do not permit insurance companies to insure you against punitive damages. [read post]
2 Oct 2018, 10:28 am by Renae Lloyd
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. [read post]
25 Nov 2015, 5:56 pm by Lloyd J. Jassin
Some states, such as New York, do not permit insurance companies to insure you against punitive damages. [read post]
25 Nov 2015, 5:56 pm by Lloyd J. Jassin
Some states, such as New York, do not permit insurance companies to insure you against punitive damages. [read post]
5 Oct 2008, 11:10 pm
It would be helpful if the National Association of Insurance Commissioners NAIC) issued a statement concerning the valuation of mandatory insurance reserves. [read post]
28 Nov 2022, 12:56 pm by Cynthia Marcotte Stamer
 These violations mirrored violations OSHA previously at Dollar General locations across the nation, and those identified in the last 11 months at five other stores in the Southeast. [read post]
27 Aug 2023, 7:49 pm by The White Law Group
Those claims generally alleged breach of fiduciary duty, negligent supervision, unsuitability in high-risk investments and failure to warn. [read post]
11 Sep 2012, 5:27 pm
In a securities filing, the insurance company said that it intends to use $3B of short-term securities and cash and $2B in proceeds from its sale of its stake in AIA Group to repurchase its stock. [read post]
4 Jun 2011, 6:07 pm
He has also issued subpoenas to 4 bond insurers "for information related to claims paid on mortgage-backed securities and any litigation and settlements entered into with the banks. [read post]
25 Aug 2014, 7:38 am by Stephen D. Rosenberg
A couple of years ago I spoke nationally to a major financial and insurance company on the risks and the nature of insurance coverage for them, including under cyber policies (you can find my slides here), and things have simply ratcheted up exponentially since then. [read post]
9 Aug 2015, 6:03 pm by Kevin LaCroix
”   The policy also contained an insured vs. insured exclusion that among other things precluded coverage for loss arising from a claim “by, or on behalf of, or at the behest of, any other Insured Person, the Company, or any successor, trustee, assignee or receiver of the Company. [read post]
19 Jan 2017, 11:20 pm by Afro Leo
I contacted a number of companies ranging from telecoms to health insurance organizations indicating clear security vulnerabilities that were glaringly obvious just from using their services. [read post]