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17 Sep 2008, 3:02 am
So many questions, so few details:The Federal Reserve Board on Tuesday, with the full support of the Treasury Department, authorized the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG) under section 13(3) of the Federal Reserve Act. [read post]
30 Sep 2013, 1:52 am
That was the case in a recent coverage dispute in Montana federal court, where a bank sought insurance coverage for losses it incurred on a customer counterclaim in a debt recovery action the bank had initiated. [read post]
4 Jan 2017, 4:36 pm
Some disability insurance companies are creating policy riders specifically to address this growing crisis. [read post]
14 Oct 2023, 8:00 am
Insurance Requirements: Trucking companies are mandated to carry sufficient insurance coverage to compensate accident victims adequately. [read post]
25 Apr 2009, 4:50 am
Specialty Insurance Company primary policy, with Allied World Assurance Company ("AWAC"), Arch Insurance Company ("Arch") and XL Specialty Insurance Company ("XL") providing third, fourth and fifth excess layer coverage, respectively. [read post]
1 May 2017, 6:33 am
The Conference of State Bank Supervisors has filed a complaint in D.C. federal district court to stop the Office of the Comptroller of the Currency (OCC) from implementing its proposal to issue special purpose national bank (SPNB) charters to fintech companies. [read post]
17 Feb 2012, 8:54 am
See Our Related Blog Posts: Help for California Homeowner’s Insurance Consumers California Flood Made Worse By Tricky Insurance Companies [read post]
13 Aug 2023, 12:43 pm
Many states and insurance companies follow this Replacement cost less depreciation test noted by the Hawaii government and Progressive to determine “actual cash value. [read post]
6 Feb 2015, 7:30 am
Insurer then filed a petition for declaratory judgment in federal court, seeking a judgment regarding whether there was coverage for defendant employee under the policy issued to the sales company. [read post]
5 May 2009, 2:04 am
I exclusion states the insurer is not liable for a claim that “is brought by an Insured or by the Company; which is brought by any security holder of the Company, whether directly or derivatively, unless such security holder’s Claim is instigated and continued totally independent of, and totally without the solicitation of, or assistance of, or active participation of, or intervention of, any Insured. [read post]
11 May 2011, 1:56 am
See Pacific Employers Insurance Company v. [read post]
21 Feb 2014, 11:50 am
The contract between Triple S and the Puerto Rico Health Insurance Administration allows the agency to fine the company for HIPAA violations. [read post]
22 May 2014, 5:21 am
Can a medical marijuana card-holding insured homeowner collect on an insurance policy when his house blows-up and burns down due to a mistake he made while cooking-up a batch of marijuana honey oil? [read post]
8 Nov 2007, 6:22 am
In Transportation Insurance Company v. [read post]
24 Oct 2022, 1:02 pm
This federal law stipulates that when an insurance company denies a long-term disability claim, the claimant must go through an administrative review process directly with their insurance company before filing a lawsuit in court.Each insurer has their own administrative review process, but Prudential’s process tends to be more complex than most since it includes two levels of internal review before a final claim denial.It is critically… [read post]
4 Jun 2007, 8:40 am
Safeco Insurance v. [read post]
4 Jan 2011, 8:57 am
In 2006, the Federal Government estimated that misclassification costs more than $2.7 billion per year in Social Security, unemployment insurance and income taxes. [read post]
3 Oct 2014, 10:29 am
"Together, the union and its health insurance company have a staff of 80, and Ms. [read post]
4 Oct 2021, 8:08 am
Hat tip to an extended, longtime reader for sending in the following via electronic pony express: “131 Federal Judges Broke the Law by Hearing Cases Where They Had a Financial Interest” — “More than 130 federal judges have violated U.S. law and judicial ethics by overseeing court cases involving companies in which they or their family owned stock. [read post]
27 Aug 2012, 12:40 pm
The insurer, National Union Fire Insurance Company of Pittsburgh, PA, denied DSW’s claim for coverage under the Blanket Crime Policy. [read post]
