Search for: "STATE INSURANCE FUND CORPORATION"
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10 Aug 2010, 2:38 am
Of course, if claims are known to be likely (known risks, not known losses, which would be excluded), then each insured person has an even greater interest in making sure that expenditures are kept to a minimum in order to protect the availability of funds. [read post]
9 Aug 2010, 8:47 am
Bankruptcy Court, District Court and the Third Circuit, as he offers his take on corporate bankruptcy proceedings in Delaware and throughout the United States. [read post]
7 Aug 2010, 12:25 pm
In a January 26, 2009 a published opinion of the New York State Insurance Department obtained by this author, the regulator concluded that a statement that " state insurance guaranty funds provide an additional levels of protection for future structured settlement recipients" which is aimed at New York residents, runs afoul of the Insurance Law". [read post]
7 Aug 2010, 8:17 am
Corporate defendants and insurance companies lie, cheat, and (as the American Association for Justice states) 'delay, deny, defend, confuse, refuse' and more, in an effort to persuade victims to cash in their chips, too soon, for too little. [read post]
6 Aug 2010, 10:27 am
Currently, no state keeps track of how much money insurers are holding in retained assets. [read post]
4 Aug 2010, 7:00 am
" In addition to the dozens of bills signed into law, Governor Paterson vetoed 23 bills, including S.3718-A/A.7282-A, which was in direct opposition to the Governor's efforts at reining in the cost of the New York State pension system. [read post]
3 Aug 2010, 7:00 am
Policyholders and beneficiaries of these accounts are led to believe their payouts are deposited into an account with all the protections of an ordinary bank account, or in some cases a money-market fund, when in fact the money owed to them is held in the insurance company's general corporate account, accumulating interest for the insurance company. [read post]
2 Aug 2010, 9:56 pm
After insurers began thwarting corporate claimants by writing “pollution exclusions” into their liability policies, Mr. [read post]
2 Aug 2010, 4:12 am
” The Attorney General’s statement alleges that insurers reportedly earn upwards of 4.8% on the funds held in retained asset accounts, but pay surviving family members as little as 0.5% interest, "less than half the rate available at some Federal Deposit Insurance Corporation (the “FDIC”) insured banks. [read post]
1 Aug 2010, 9:38 am
Additionally, HHS also may refer the insurer or the plan to Federal and State authorities for other enforcement actions that may be warranted based on the behavior at issue. [read post]
30 Jul 2010, 1:31 pm
The Dodd–Frank Act introduces yet another designation, the major swaps participant, with securities swaps and commodities swaps to fall under SEC and CFTC jurisdiction, respectively.In the IMF’s view, there remains a good case for defining one banking agency with safety-and-soundness responsibility for national banks, federal thrifts, state member banks, state nonmember banks, and state thrifts, in the latter cases serving as joint primary supervisor along with… [read post]
29 Jul 2010, 6:35 am
That happened again this year when she went to a Target to purchase a camera.Lohman says she believed her son's life insurance funds were in a bank insured by the FDIC. [read post]
28 Jul 2010, 9:46 pm
The Court dismissed most of the counts for either failure to state a claim or because they were exculpated duty of care claims. [read post]
28 Jul 2010, 1:26 pm
"Even those that could self insure operations would see costs skyrocket, driving investments out of the United States, further hurting our economy, employment and energy security, according to a recent analysis by Wood Mackenzie. [read post]
27 Jul 2010, 3:08 pm
New York State Insurance Fund (NYSIF), of course, would fight, but not a self-insured employer. [read post]
27 Jul 2010, 8:47 am
In a commercial non-real estate setting, on the other hand, perhaps a corporate borrower has experienced cost pressures due to overseas competition, or the demand for its products has disappeared, or the lender’s tightened financial covenants have wiped out the borrower’s working capital. [read post]
26 Jul 2010, 9:08 am
On July 9, 2010, Plaintiff United States of America (“United States”), on behalf of the United States Environmental Protection Agency (“EPA”) filed a complaint in this matter pursuant to CERCLA Section 107, 42 U.S.C. 9607, seeking recovery of environmental response costs incurred by EPA related to the release or threatened release or disposal of hazardous substances at or from the Site. [read post]
22 Jul 2010, 9:08 pm
As such, a state may have imposed a tax on the capital stock of banks, or on insurance companies or transportation companies. [read post]
22 Jul 2010, 5:31 pm
The closer labor costs can be driven to subsistence wages, the higher corporate earnings will go. [read post]
20 Jul 2010, 11:31 am
In the insurance industry, non-compete arrangements and client relationships are critical corporate assets. [read post]
