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31 Mar 2020, 4:31 am
Security and Trusts / Agency For trusts created in Venezuela, the trustee must be a local bank or insurance company authorised to operate as such. [read post]
31 Mar 2020, 3:46 am
They have costs and expenses, and their owners are entitled to make a profit from their investment. [read post]
30 Mar 2020, 5:05 pm
The requirement that Star Tankers carry oil-spill insurance does not reflect an intention to relieve CARCO, because that requirement addresses risks other than those relating to selection of a safe berth. [read post]
30 Mar 2020, 2:22 pm
The insurance and employee benefit firm signed a 3,290-square-foot lease at a five-story office property at 210 Alleghany Ave., property owner Chesapeake Real Estate Group said on Monday. [read post]
30 Mar 2020, 1:42 pm
Companies whose D&O insurance renewal is approaching will need to be in close contact with their insurance advisors as the D&O insurance marketplace is changing on a daily business. [read post]
30 Mar 2020, 12:01 pm
The SBA will not require any personal guarantee from the business owner. [read post]
30 Mar 2020, 11:30 am
It is imperative that business owners understand that most often, business disruption insurance is not issued in a separate insurance policy and is instead normally included within their broader business insurance policies. [read post]
30 Mar 2020, 11:06 am
For the first time, the AIA created an Insurance and Bonds Exhibit A to function as an exhibit incorporated into the Owner-Contractor agreements.[4] This Insurance and Bonds Exhibit (“Insurance Exhibit”) replaces much of the former language in Article 11, resulting in a substantial revision to Article 11 of the A201-2017. [read post]
30 Mar 2020, 10:46 am
Hopefully, all business owners have some type of liability insurance to help cover costs in the event of an unfavorable outcome. [read post]
30 Mar 2020, 9:56 am
In one Court of Appeals case, where a property owner’s literal inability to procure sufficient insurance ended in the landlord declaring a default, the court upheld the default, explaining: Continue reading [read post]
30 Mar 2020, 8:13 am
In Part 4, one of our insurance coverage lawyers discussed key insurance coverage matters stemming from COVID-19 because a massive number of companies have or will have coronavirus insurance claims and insurance coverage lawsuits. [read post]
30 Mar 2020, 7:07 am
This 45-minute conversation will cover: Short- and long-term approaches to consider for dealing with low occupancy and declining operating revenue Financial issues specific to industry loans Insurance coverage in the context of the hotel & hospitality industry Insurance-related litigation outlook Q&A REGISTER NOW [read post]
30 Mar 2020, 6:30 am
The account owner shunts the asset away from probate by completing a beneficiary designation form directing the institution to distribute the account asset in designated shares to designated persons. [read post]
30 Mar 2020, 5:30 am
The benefits are calculated the same way as a state’s unemployment insurance benefit, but consistent with federal disaster benefit calculations, have a higher minimum benefit or floor, which is one-half of the state’s average weekly employment insurance benefit. [read post]
30 Mar 2020, 12:53 am
Exacerbating this situation is the underlying business has only general by-laws and a very narrowly drawn Shareholders Agreement focused on life insurance policies and succession rights, but providing no guidance on the operations of the business or general governance provisions. [read post]
29 Mar 2020, 9:00 pm
In a previous news item on our website, we advised business owners affected by the […] The post Insurance Coverage May Be Available for COVID-19 Losses first appeared on OA Law. [read post]
29 Mar 2020, 9:00 pm
In a previous news item on our website, we advised business owners affected by the […] Source [read post]
28 Mar 2020, 3:00 am
The owners reported a claim to... [read post]
27 Mar 2020, 4:50 pm
Major aspects of the CARES Act concern cash payments to individual Americans, expansion of unemployment insurance, low-cost loans to affected small businesses, and bailouts to industries hardest hit by the pandemic such as the airline and hospitality industries. [read post]
27 Mar 2020, 4:32 pm
Owners in most cases will suffer a loss of revenue and increased interest and soft costs as a result of the suspension, and should look for sources to recover those losses, including business interruption or civil authority insurance coverage. [read post]
