Search for: "Applied Underwriters"
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20 May 2020, 9:39 am
The company reportedly lost Credit Suisse Group AG as its lead underwriter before the IPO. [read post]
19 May 2020, 11:18 am
Universal Underwriters Ins. [read post]
17 May 2020, 6:47 pm
As discussed in a April 21, 2020 article from the Torys law firm entitled “COVID-19: Potential Liability of Directors and Officers of Insolvent Companies” (here), insolvency is of particular concern to directors and offices because there may be heightened risk of personal liability arising under additional duties and obligations that apply in the insolvency context. [read post]
15 May 2020, 5:57 am
Plaintiff argues that Defendant denied coverage on the pie loss claim due to the Policy's exclusion for food spoilage and that it cannot now "change horses in midstream" and argue that a different exclusion applies. [read post]
12 May 2020, 7:10 am
Once these expanded options are launched, there will be a total of three loan options—referred to as new, priority, and expanded and you can read more information about each of these loan options here: Main Street New Loan Facility (MSNLF) Main Street Priority Loan Facility (MSPLF) Main Street Expanded Loan Facility (MSELF) While there are different criteria and parameters for each of these loan options, lenders will be able to apply industry-specific expertise and… [read post]
11 May 2020, 1:55 am
State and local governments may also apply for economic stabilization loans from a pool of $454 billion available to businesses and governments. [read post]
7 May 2020, 11:28 am
” It also comments that despite the flexibility of the existing regulatory framework “there still may be some regulatory uncertainty about how aspects of the adverse action notice requirements apply in the context of AI/ML. [read post]
5 May 2020, 9:11 am
The court there opined: “[w]ith only the flimsiest of justifications [the SBA] took one of many underwriting criteria from its ‘normal’ loan programs (bankruptcy status of the borrower), changed it to an eligibility condition, and then applied it to an emergency grant program where it clearly had no place. [read post]
5 May 2020, 3:32 am
The insurers disputed this and tried to argue that the relevant sections of the Regulation stating that the domicile of the party was important did not apply in this instance. [read post]
30 Apr 2020, 7:54 pm
Similarly, the Ninth Circuit held that a war exclusion did not apply when an entertainment production company incurred damages as a result of Hamas rocket attacks. [read post]
30 Apr 2020, 2:23 pm
The first part applies to conduct which is driven by dishonesty or fraudulent practice. [read post]
28 Apr 2020, 3:29 am
The statement also provides that in the current extraordinary circumstances, it will be challenging for many businesses to provide forecast financial information with a high degree of confidence to support firms’ loan underwriting processes. [read post]
26 Apr 2020, 10:39 am
The Lawsuit On April 24, 2020, a plaintiff shareholder filed a securities class action lawsuit in the Southern District of New York against the company; certain of its directors and officers; and its offering underwriters. [read post]
24 Apr 2020, 1:05 pm
Liberty Insurance Underwriters Inc., involving a dispute between the co-owners of a business and the widow of their deceased former partner. [read post]
22 Apr 2020, 4:45 pm
To apply for the temporary license, the sponsoring insurer must be a Sircon account holder. [read post]
22 Apr 2020, 7:40 am
But does that apply to regulators who may seek to bring FCA suits against banks for alleged fraudulent certifications of PPP loans? [read post]
21 Apr 2020, 10:55 am
Reinsurance markets around the world faced the prospect of drying up, and underwriting large, metropolitan risks would quickly become a laborious and risky endeavor. [read post]
21 Apr 2020, 8:35 am
Captive insurers can only underwrite risks in relation to those companies within the captive insurer’s “grouping of companies”.[1] The existing scope of insurable risks has been considered by the industry as being overly narrow (e.g. the risks which a captive insurer can insure/ reinsure are limited to the risks of companies formed and registered in Hong Kong under the Companies Ordinance). [read post]
20 Apr 2020, 6:37 am
I have several folk 65+ who are trying to apply, and I have to say sorry, but I have more expensive options for you to look at.Throughout the rapidly evolving pandemic, Mutual of Omaha has been continuously evaluating our underwriting and new business practices to support business continuity, deliver a consistently high level of service, and maintain our financial strength. [read post]
14 Apr 2020, 3:53 pm
Additionally, the Bulletin states, “[p]rospective reductions in premium or retroactive return of premium will not be considered a rebate or unfair discrimination to the extent they are reasonable and consistently applied. [read post]
