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22 Jul 2015, 12:41 pm by Daniel E. Cummins
’” The Supreme Court stated that this was the “standard which we adopt herein as the proper standard to apply in a reservation of rights case where an insured settles following the insurers’ refusal to consent to settlement. [read post]
27 Nov 2013, 12:07 am by Kevin LaCroix
If the buyer purchases the policy, the insurance company agrees to insure the buyer against loss arising from breaches of the representations that the sellers have made in the transaction documents. [read post]
Insurance companies have contracts with hospitals and pay negotiated prices, which are determined through mixed methodologies. [read post]
28 Jul 2023, 6:00 am by beng
This is the Insurance Data Security Model Law , which establishes standards for both data security and for the investigation of cybersecurity events. [read post]
9 Jan 2011, 4:16 pm by S2KM Limited
For the structured settlement industry to achieve its public policy and revenue potential, business standards and practices must improve. [read post]
3 Nov 2022, 12:15 am
Today's post continues the discussion of the SEC's recent adoption of rules requiring the securities exchanges to adopt listing standards requiring listed companies to develop and implement policies providing for the recovery of erroneously awarded incentive-based compensation received by current or former executive officers. [read post]
3 Apr 2016, 5:05 pm by Kevin LaCroix
Insured Exclusion at issue in this case lacked a now fairly standard carve-back to the exclusion preserving coverage for claims in the bankruptcy context. [read post]
27 Feb 2020, 5:45 am by John Jascob
AmTrust, Inc., a family-controlled company engaged in the property and casualty insurance business, teamed up with a private equity firm to take AmTrust private through a merger. [read post]
Moreover, your policy will earn interest at a rate set by the insurance company. [read post]
24 Jan 2013, 12:43 am by Kevin LaCroix
Unless the insured company’s primary D&O insurance policy omits the environmental exclusion in this way, it will be indispensable for the standard environmental liability exclusion be revised in order to preserve coverage for securities claims and derivative claims based on alleged misrepresentations or misconduct relating to environmental issues. [read post]
11 Mar 2008, 2:11 am
Accordingly, State Farm obligated itself to indemnify the plaintiffs for any covered losses under the homeowners policy, while the WYO companies, as agents of the federal government, obligated themselves to pay for flood losses. [read post]
15 Feb 2022, 7:45 am by McKennon Law Group
Depending on the exact setting, bad faith may mean a dishonest belief or purpose, untrustworthy performance of duties, neglect of fair dealing standards, or a fraudulent intent. [read post]
19 Sep 2012, 6:35 am by Martinson & Beason
A recent article by Yahoo Finance analyzed some standard insurance policies to come up with a guide for what kinds of coverage the average consumer needs. [read post]