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According to the Employment Agreement executed between the parties, her job description was to “provide the services for referring and closing title insurance companies. [read post]
27 Oct 2007, 12:47 pm
The petroleum and chemical companies accused the insurance industry of dissembling about their contractual intent when seeking approval of the "sudden and accidental" exclusion language. [read post]
11 Dec 2015, 6:16 am
The privilege that precludes a spouse from disclosing a confidential communication made during marriage by the other spouse (see CPLR 4502[b]; CPL 60.10) does not protect every remark between spouses during a marriage. [read post]
22 Dec 2014, 4:21 am by Kevin LaCroix
Readers of this blog would be hard pressed to distinguish what the article calls the “most elegant solution”  to the accounting scandal conundrum — which involves a proposal for companies to adopt  “financial statements insurance” — from the entity liability coverage now available under most public companies D&O Insurance policies. [read post]
[xxx] Insurance Concerns The insurance company must be informed about the individual’s death and coverage should be updated to reflect the new owner. [read post]
25 Aug 2021, 8:55 am by Rebecca Tushnet
Information source allegations: Rule 9(b) applied because Alfasigma alleged that the false statements were knowing or intentional. [read post]
26 Aug 2024, 9:01 pm by renholding
Part 328, Subpart B (False Advertising Rule), should there be omissions of material information regarding (i) the applicability of deposit insurance (which applies to the failure of insured depository institutions, as opposed to nonbank firms) or (ii) the requirements that must be satisfied to obtain pass-through deposit insurance coverage.8 This guidance aligns with the FDIC’s increased focus on false advertising of deposit insurance,… [read post]
22 Feb 2023, 1:07 pm by Dennis Crouch
  (In one recurrent example, one major funder has a habit of acquiring patents from companies in bankruptcy and then naming the wholly controlled LLC subsidiaries after the original company, at least suggesting to any jury a connection that no longer exists.) [read post]
The plaintiff brought a putative class action in the superior court alleging that defendant, Anthem Blue Cross Life and Health Insurance Company d/b/a Anthem Blue Cross, failed to properly safeguard, secure and protect the sensitive personally identifiable information (“PII”) and personal health related information (“PHI”) of the plaintiff and the purported class. [read post]
27 Sep 2012, 9:46 am
"[B]efore an insurance company is permitted to avoid policy coverage, it must satisfy the burden which it bears of establishing that the exclusions or exemptions apply in the particular case, and that they are subject to no other reasonable interpretation" (Seaboard Sur. [read post]
2 Feb 2011, 10:57 am by Kevin LaCroix
He suggested that over the last ten years or so, it has become increasingly common for company’s D&O insurance to be structured into a tower of as many as twelve layers of insurance, and that as defense fees and prospective settlement amounts move progressively through the towers, points of resistance emerge that interfere with settlement efforts. [read post]
16 Oct 2011, 6:42 pm by Law Lady
Bankruptcy Court, Middle District of Florida, Orlando Division.Civil procedure -- Certiorari -- Depositions -- Subpoena -- Insurance adjuster who resided and worked in Hillsborough County, and who was not designated a corporate representative, erroneously compelled by county court to attend deposition in Broward county -- Petition for second-tier certiorari is denied where circuit court's dismissal of certiorari petition did not constitute a miscarriage of justiceSTATE FARM MUTUAL… [read post]
12 Feb 2024, 6:00 am by Jenny Gesley
Among these exemptions are public companies, governmental entities, banks and bank holding companies, broker-dealers, insurance companies, charities, and certain other non-profit entities. (31 U.S.C. [read post]
26 Aug 2008, 8:45 pm
Finally, in a separate audit, OIG found that from 2003 through 2005, First Magnus issued $102,840 in volume-based incentives or bonuses to brokers for originating and processing 326 federally related mortgage loans (FHA-insured and non-FHA-insured). [read post]