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18 Oct 2023, 12:36 am by McKennon Law Group
Most insurers have shareholders and others to whom they must answer financially, and the friction between profits and compensating business for their losses and defense costs can easily lead to bad faith practices. [read post]
16 Oct 2023, 2:21 pm by Kevin LaCroix
The particular peril for directors of insolvent companies, though, is that the first of these key protections automatically falls away at the point when the insolvency event occurs since the company is no longer able to honour any such indemnity. [read post]
6 Oct 2023, 3:48 pm by Welcome
And, by the time someone has exhausted the appeals process only to learn that the insurance company is sticking with its decision, they may feel so defeated that they simply accept the financial burden of their medical care. [read post]
 To the extent material liabilities are discovered, the buyer may request a special indemnity to ensure no financial responsibility exists for claims arising from a pre-transaction timeframe. [read post]
2 Oct 2023, 10:41 am by Kevin LaCroix
  That said, a derivative claim will almost certainly be Side A or non-indemnifiable loss in D&O terms for any damages, as the directors cannot have the benefit of a company indemnity for a claim, effectively, by the company. [read post]
28 Sep 2023, 6:56 am by Kevin LaCroix
Disclosure of climate-related financial risks – what’s next? [read post]
26 Sep 2023, 5:10 pm by Sherica Celine
Board Resolutions: Qualified ESPP Adoption Reference our board resolution template, which is designed to be used by a company’s board of directors to adopt an ESPP that satisfies I.R.C. [read post]
Businesses can go the extra mile to further support employees by providing supplementary benefits like group hospital indemnity, critical illness, and accident insurance. [read post]
During those enrollment sessions, you can educate employees on care planning programs, help employees get smarter about participating in the company 401(k), and provide general financial wellness education. [read post]
12 Sep 2023, 2:00 am by Sherica Celine
The legal needs of each company will vary by entrepreneur, industry, company size, and many other factors. [read post]
18 Aug 2023, 3:00 am by Chip Merlin
The focus of insurance company vendors is on saving the insurance company money on indemnity dollars paid to the insurance company customers. [read post]
The report states that an increasing number of listed companies, managed funds and superannuation funds are making claims about their environmental, social and governance (ESG) credentials, and provides guidance on how to avoid greenwashing by using examples of deficient ESG disclosures from a number of their interventions. [read post]
30 May 2023, 1:16 pm by Stefania Zimmerman
  Most insurance companies will require you to apply for Social Security Disability benefits, as a successful claim enables them to reduce the monthly indemnity they’re required to pay by an amount equal to your monthly Social Security benefit. [read post]
19 May 2023, 12:28 pm by Edward T. Kang
Companies can often exercise as much or as little discretion as they choose, when making decisions related to indemnity and advancement. [read post]
15 May 2023, 10:57 am by Bryan West
By February 2009, High Performance’s work on the project had effectively halted due to “hopeless” financial disputes between its three principals, whom a lower court found had engaged in an internal quarrel marked by “dubious” and “outrageous” tactics while neglecting the critical legal and accounting problems facing the company. [read post]
9 May 2023, 11:17 am by Jonathan Bench
Having said this, I do realize that the value of an indemnification provision depends on the financial health and viability of the Chinese company agreeing to indemnify and so to the extent that the ability to discern the finances of the Chinese company declines, the value of the indemnity provision could decline as well. [read post]
17 Apr 2023, 5:50 am by INFORRM
Financial Review and The Australian covered the case. [read post]