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23 Aug 2009, 10:33 pm
NCCI administers a pool that serves as a payer of last resort for injuries at companies that can't acquire insurance on the open market. [read post]
9 Sep 2011, 6:00 am
A common tactic by plaintiffs’ lawyers in filing class actions against insurance companies is to attempt to recover automatic statutory penalties which are small on each individual claim but, when aggregated, potentially impose a very large liability on the insurer. [read post]
12 Oct 2009, 2:31 am
Both the administrative complaint and the federal complaint named only the company itself as a defendant. [read post]
25 May 2012, 3:36 am
Expired CBAs Required Company to Maintain Retiree Benefits: The Arizona Daily Star reports that the Ninth Circuit Court of Appeals affirmed a judgment finding that Raytheon improperly stop paying for health insurance for its retirees when a new agreement was reached with the union no longer requiring the company to provide that benefit. [read post]
1 May 2013, 5:24 pm
The corporate entity coverage under the typical public company D&O insurance policy provides coverage only for securities claims. [read post]
13 Sep 2018, 6:32 am
The 2008 financial crisis demonstrated unequivocally that nonbank financial firms such as investment banks and insurance companies can threaten the global economy. [read post]
6 Jan 2015, 8:07 am
., doing business as John Adams Mortgage Company, Southfield, Michigan, a mortgage lender, has agreed to pay $4.2 million to resolve allegations that it violated the False Claims Act in its origination of loans backed by the federal government. [read post]
13 Jan 2021, 9:00 am
Huber said of the settlement: “American business should be based on truthful disclosures, and false and misleading statements should never be part of dealings with federally insured financial institutions. [read post]
23 Mar 2020, 1:46 pm
If the federal law does not currently apply to my business, will my state take action to change that? [read post]
20 Jan 2010, 4:08 am
Petitioner United States Life Insurance Company (“U.S. [read post]
19 Jan 2015, 6:05 am
Two reports recently issued by the Offices of Inspector General at the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) may provide some insight on the impending final standards. [read post]
16 Sep 2015, 1:45 pm
Chris Orestis: In many cases, the proceeds received from converting a life insurance policy insuring the life of a chronically or terminally ill individual into a Long Term Care Benefit Plan will not be subject to U.S. federal income tax. [read post]
21 Mar 2008, 7:59 am
Olkowitz, P.C., 07-5433, the insurance company asked a federal judge to rule it doesn't have to cover or defend its insured personal injury lawyer in a malpractice case because he didn’t notify the company when a client expressed displeasure with a settlement.The attorney filed a motion to dismiss asking the judge to declare that a client’s expression of “displeasure” does not, as a matter of law, trigger the responsibility to… [read post]
16 Aug 2022, 12:15 pm
From the firm’s 2014, Infinity Q maintained a program of Asset Investment Protector insurance (which includes, among other things, D&O insurance; E&O; and Investment Company Coverage). [read post]
21 May 2009, 7:55 am
According to the Complaint in Manhattan federal court: Madden was the president and co-founder of Liberty Title Agency, LLC ("Read More... [read post]
20 Jul 2009, 9:09 pm
District Court did not Err in Remanding Class Action to State Court because Addition of Class Action Allegations to Ninth Amended Complaint did not Commence a Civil Action under CAFA (Class Action Fairness Act) and Addition of New Plaintiffs and Claims did not Commence a Civil Action under CAFA Fifth Circuit Holds In the early 1990s, plaintiffs, as purchasers of “life insurance policies, annuities, and corporate notes from three Louisiana companies” – Public… [read post]
30 Mar 2009, 4:36 pm
According to ABC News, Cassano ran the Financial Products Division of AIG, which is the unit largely blamed for bringing down AIG, and the FBI and federal prosecutors are getting ready to bring charges against him.I am still having trouble with the concept of an insurance company running a massive financial trading operation, but I guess we have Phil Graham to thank for that. [read post]
31 Dec 2007, 1:14 pm
The Houston Chronicle summarizes its view of this matter in the news thus: When insurance company officials arbitrarily denied a California patient life-preserving care recommended by her doctor, the case provoked outrage and inspired the hope that medical coverage for all citizens can eventually become law. [read post]
15 Oct 2013, 6:11 am
Forced place insurance is obtained through high-risk insurance companies. [read post]
7 Feb 2020, 8:22 am
You are regulated by a lot of different regulators (both federal and state). [read post]
