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19 Dec 2023, 4:31 pm
Under the Dodd-Frank Act, the Securities and Exchange Commission (“SEC”) is required to review the definition of an Accredited Investor definition, as it relates to natural persons, at least every four years. [read post]
9 Dec 2010, 9:24 am
Twenty three states and the National Association of Insurance Commission have also adopted statutes, rules or policies prohibiting discretionary clauses. [read post]
2 Apr 2009, 2:24 am
The draft law, proposed by the Finance Commission, is broadly designed to bring the Venezuelan insurance industry in line with the government’s goals of “social transformation for the common good” and particularly stresses the rights of “beneficiaries” of insurance and reinsurance contracts.The proposed law explicitly provides that the conduct of insurance and reinsurance activity will only be permitted… [read post]
28 Apr 2023, 11:36 am
”3 A dispute arose over a D&O insurance renewal application in which the policyholder failed to report that the Securities and Exchange Commission had made an informal inquiry into their recent trading and disclosures. [read post]
14 May 2008, 8:59 am
This fresh review comes in light of a study, commissioned by the British Insurance Brokers' Association (BIBA), which showed potential for serious consumer detriment across insurance comparison websites. [read post]
28 Mar 2018, 8:58 am
The employer’s insurer paid medical benefits and indemnity for the injury. [read post]
6 Jun 2016, 10:55 am
As our personal injury lawyers know, a new $125,000 study is being commissioned by the state to debate whether or not the PIP/no-fault insurance requirement still makes sense. [read post]
4 May 2021, 1:55 pm
So far, the insurance commissions haven’t approved the performance-based usage data insurance model. [read post]
11 Mar 2011, 1:27 am
In our September 2010 issue of Insurance and Reinsurance Review, we reported on the Law Commission’s proposed amendments to the duty of good faith as set out in Issues Papers 6 and 7.The Law Commission has since published a summary of responses to both papers and also two further Issues Papers: Issues Paper 8, The Broker’s Liability for Premiums: Should Section 53 be Reformed? [read post]
4 Sep 2010, 3:25 pm
Statutory audit means an audit of annual or consolidated accounts of listed companies, banks and insurance companies as required by EU law. [read post]
18 May 2011, 12:43 pm
Among other things, it will: Shorten the time policyholders have to file claims to two years for sinkhole claims and three years for hurricane claims, from the current five years; Allow insurers to withhold full payment for home damage claims until the work is performed and expenses incurred, except for homes that are destroyed; Require policyholders to pay up to half of the cost of testing for sinkholes if the insurer denies the claim and its engineer determines there is no… [read post]
27 Jan 2015, 1:05 pm
A number of respondents called for increased state/insurance funding or reimbursement of mHealth. [read post]
2 Sep 2008, 2:22 pm
According to media sources, Rana Tahboub, Assistant Director General of the Insurance Commission of Jordan (“IC”), recently stated that the IC is planning on introducing legislation to the Council of Ministers to create a captive insurance market in Jordan, the fourth such market in the region. [read post]
29 Jan 2020, 9:26 am
Securities and Exchange Commission and Commodities and Futures Trading Commission broadly defining a swap. [read post]
31 Aug 2011, 8:07 am
According to draft papers published by the European Insurance and Occupational Pensions Authority (EIOPA) on 17 August 2011 (click here for copies), the Bermudan, Swiss and Japanese insurance regulatory systems are on course to meet the Solvency II equivalence test, although certain improvements remain to be made in each case.Under the Solvency II regime, the European Commission may determine whether the solvency regime of a third country is equivalent to that laid down in… [read post]
20 Aug 2007, 1:58 am
We've always felt that when someone buys insurance, it's a serious purchase. [read post]
25 Jul 2007, 12:09 pm
UPDATE: Luke Froeb (Vanderbilt and former Director of the Bureau of Economics at the Federal Trade Commission) offers some thoughts on the FACTA study at his new blog: Management R&D: So even though credit scores help insurance companies price insurance more accurately, point 3 implies that some groups pay more, on average, than others. [read post]
28 Feb 2023, 12:48 pm
A recent settlement filed by the Federal Trade Commission (FTC) and GoodRx may merit a review of your cyber insurance coverages. [read post]
30 Jun 2015, 12:37 pm
Burwell, Chief Justice John Roberts wrote for the Court in holding that the Affordable Care Act’s reference to health-insurance exchanges “established by the State” also includes health-insurance exchanges established by the federal government. [read post]
11 Dec 2009, 5:27 pm
That way you could choose the trustee yourself and you wouldn't have to trust an insurance company (that actually pays up to 16% commission out of your last expenses!) [read post]
