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17 Jan 2010, 10:36 pm
Excerpt 3 Risk states that "the performance of BARCO and Liberty Life is guaranteed by a surety bond issued by Liberty Mutual Insurance Company", when such statement is neither currently true nor has it been true for many years! [read post]
15 Jan 2010, 6:50 am
The standard categories of powers that a principal can give his agent are: 1) Real Estate Transactions - allowing the agent to buy, sell, exchange, rent and lease real estate 2) Financial Institution Transactions - allowing the agent to open, close, continue and control all accounts and deposits in any type of financial institution including banks, trust companies, saving and loan associations, credit unions and brokerage firms 3) Stock and Bond Transactions - allowing the agent to… [read post]
14 Jan 2010, 9:51 pm
Illinois Workers’ Compensation There are a variety of reasons a company and/or its insurance firm might give to an injured worker for why he/she is not entitled to receive Illinois workers’ compensation benefits. [read post]
14 Jan 2010, 5:39 pm
Companies and owners, officers and directors of businesses that harm plans by failing to ensure that these amounts are timely deposited into an employee benefit plan or otherwise are involved in the mishandling of these funds frequently become subject to prosecution, damage awards, civil penalties and excise taxes. [read post]
14 Jan 2010, 5:29 pm
It is even possible that a tax on financial transactions, and hence on liquidity, could lead to higher volatility.The tax could also increase the capital costs for companies, noted the Commissioner, as well as increasing the price of urgently needed investments. [read post]
14 Jan 2010, 12:00 pm
It is a very simple configuration and, in conjunction with a company-sponsored HRA, works well. [read post]
14 Jan 2010, 10:51 am
And worse, the insurance companies that pay for most med-mal defense don’t often want to pay for a lot of legal research of the sort necessary to get their counsel up to speed on this sort of peculiar theory. [read post]
14 Jan 2010, 10:33 am
It does not strike at the issue--which is the fact that many people have too little insurance and that even the insurance people have doesn't provide adequate health care benefits because of the privatized benefit to health insurance companies of taking a significant spread between the cost of the health care actually provided (which they seek to minimize through bureaucratic decisionmaking and jargonese that cheats the insured person) and the… [read post]
12 Jan 2010, 12:56 pm
I have written previously about the proliferation of suits brought by "third party payors" (or "TPPs") -- such as insurers and union health benefit funds -- that appear like ants at a picnic whenever a medicine is recalled, a new warning is mandated, or a pharmaceutical company is accused of marketing a medicine for "off label uses" that have not been approved by the FDA. [read post]
12 Jan 2010, 7:03 am
Why then do the insurance companies keep raising the malpractice rates on doctors? [read post]
11 Jan 2010, 12:48 am
As a result, it appears House leaders will seek increased subsidies for low- and moderate-income individuals in order to ensure that health insurance is affordable, in addition to other provisions that will provide competition for insurance companies and hold them accountable for their coverage and service.Increased subsidies for lower-income individuals will add to the difficulties of fully financing the Senate bill, which already has a price tag of more than $870… [read post]
10 Jan 2010, 4:13 pm
See Union Ins. [read post]
8 Jan 2010, 9:21 pm
Article 19(2) makes the place where the agency or branch of the carrier (the carrier always being a company) is located the habitual residence of the company. [read post]
4 Jan 2010, 6:21 am
Penn Law Professor Tom Baker’s chapter, for example, proposes requiring importers to buy insurance – in effect to become bonded, much like contractors in construction companies are bonded for harms that may occur if they come to your house to fix your roof. [read post]
2 Jan 2010, 9:54 am
When he took over insurance companies, car companies, banks and other financial institutions, people said it didn’t matter. [read post]
31 Dec 2009, 4:43 pm
Regal-Beloit Corporation Docket: 08-1553; 08-1554 (this case was consolidated with Union Pacific Railroad Company v. [read post]
30 Dec 2009, 6:27 pm
Rep. 2, Andrews Nursing Home Litigation Reporter December 18, 2009A Florida home health care insurer must pay $20,000 to a nursing services company for care it should have covered under a woman's "misleading" policy, a state appeals court has held. [read post]
30 Dec 2009, 8:42 am
The company was reorganized through bankruptcy and government invervention that led part of the company to be acquired by the United Auto Workers Union and another portion to be sold to Italian company Fiat. [read post]
29 Dec 2009, 7:24 am
Resolution Authority The House bill creates a new resolution authority which can be invoked with respect to a bank holding company, a systemically important financial company, an insurance company, or any other financial company, instead of bankruptcy. [read post]
29 Dec 2009, 1:19 am
H.R. 3590 also expands the Medicaid program to those with incomes up to 133 percent of the federal poverty level.H.R. 3590 also contains a number of mandates on insurance companies, employers and individuals. [read post]
