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On December 27, 2020, President Donald Trump signed into law the Consolidated Appropriations Act, 2021 (the 2021 Consolidated Appropriations Act), an omnibus statute that is comprised of, among other laws, twelve fiscal year 2021 appropriations bills for the federal government and an economic aid package to assist business concerns that continue to face hardships due to the COIVD-19 pandemic. [read post]
On December 27, 2020, President Donald Trump signed into law the Consolidated Appropriations Act, 2021 (the 2021 Consolidated Appropriations Act), an omnibus statute that is comprised of, among other laws, twelve fiscal year 2021 appropriations bills for the federal government and an economic aid package to assist business concerns that continue to face hardships due to the COIVD-19 pandemic. [read post]
On December 27, 2020, President Donald Trump signed into law the Consolidated Appropriations Act, 2021 (the 2021 Consolidated Appropriations Act), an omnibus statute that is comprised of, among other laws, twelve fiscal year 2021 appropriations bills for the federal government and an economic aid package to assist business concerns that continue to face hardships due to the COIVD-19 pandemic. [read post]
31 Dec 2020, 5:34 am by Matthew D. Lee
Covered Property Damage Costs: costs related to property damage and vandalism or looting due to public disturbances that occurred during 2020 that was not covered by insurance or other compensation. [read post]
28 Dec 2020, 9:39 am by Scott A. Coleman and James Kim
The FDIC has issued a final rule setting forth the conditions it will impose and the commitments it will require to approve a deposit insurance application from an industrial bank or industrial loan company (collectively, ILC) whose parent company is not subject to consolidated supervision by the Federal Reserve Board (FRB). [read post]
17 Dec 2020, 12:32 pm by Daniel E. Cummins, Esq.
Geico was distinguishable from the issues presented in this case in that Gallagher involved the same insurance company on both insurance policies at issue and this case did not. [read post]
17 Dec 2020, 8:04 am by Kristian Soltes
Unlike many banks, national trusts do not require federal deposit insurance, though an institution can seek to accept deposits depending on its business model. [read post]
10 Dec 2020, 8:56 am by Kristian Soltes
Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC), hinted “timely and targeted measures to prevent new systemic risks”, in a nod toward further regulation. [read post]
1 Dec 2020, 6:14 am by James Romoser
Internal Revenue Service, which involves a company’s lawsuit seeking to block the IRS from enforcing certain requirements related to insurance transactions. [read post]
13 Nov 2020, 3:00 am by Jim Sedor
National/Federal Biden’s DOJ Must Determine Whether Trump Should Be Prosecuted Bloomberg Law – David Yaffe-Bellany and Billy House | Published: 11/9/2020 Joe Biden won the presidency promising to bring Americans together. [read post]
25 Oct 2020, 7:11 am by Kevin LaCroix
Entity Coverage in a public company D&O insurance policy provides coverage only for “Securities Claims. [read post]
20 Oct 2020, 9:03 pm by Kevin Kaufman
The state no longer gives companies the option of choosing the apportionment formula most favorable to them, but this consolidation into a single apportionment formula paid down a significant corporate income tax rate reduction, from 6.25 to 4 percent, improving the state’s rank on the corporate tax component from 5th to 3rd and allowing the state to improve from 15th to 12th on the Index overall. [read post]
20 Oct 2020, 8:25 am by Bill Priestap, Holden Triplett
Some companies have tried to consolidate the general responsibility for addressing risk under a chief risk officer. [read post]
14 Oct 2020, 3:18 am by NWDRLF
When they check your credit and see good ratings, you usually pay less for more in insurance, and utility companies start a service with little deposit after they check your credit report. [read post]
29 Sep 2020, 7:46 am by admin
  The likelihood that an individual plaintiff could sustain a prolonged battle against the legal counsel of either a medical malpractice insurance company or a large hospital is slim. [read post]
27 Sep 2020, 4:07 pm by Kevin LaCroix
The various derivative actions ultimately were consolidated, and in August 2019, a consolidated amended complaint was filed (here). [read post]
25 Sep 2020, 8:55 pm by Flupke van den Bogart
The Commission will assess whether the legal framework could be amended to further promote long-term investment by insurance companies as part of its Solvency II review (Directive 2009/138/EC). [read post]