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Gruenberg of the Federal Deposit Insurance Corporation (“FDIC”) released the FDIC’s priorities for 2022, which included “[a]ddressing the financial risks that climate change poses to banking organizations and the financial system. [read post]
23 Aug 2022, 11:52 am by LawRank
Features include: Specific tool for tracking insurance informationAutomated workflowsMedical records trackerFee calculator lets you enter the settlement amount and break out your firm’s fee, any referral fees or other costs for each clientFrom the company: “We take pride with each annual release,” Igor Selizhuk, CTO at SmartAdvocate states, “because with each release, we fulfill our promise to our clients to continually provide them with a system that… [read post]
23 Aug 2022, 6:00 am by Bob Ambrogi
MerusCase, a law practice management software tailored for workers’ compensation, employment and labor, and insurance defense firms, today introduced MerusPay, an e-payments feature built natively in the MerusCase platform. [read post]
Last month, the NAIC’s Financial Stability (E) Task Force and Macroprudential (E) Working Group adopted what are being called “Regulatory Considerations Applicable (but not exclusive) to Private Equity Owned Insurers. [read post]
22 Aug 2022, 3:00 am by Chip Merlin
The vast majority of insurance company adjusters never indicate the product to be used. [read post]
20 Aug 2022, 2:44 pm by David J. Halberg, Esq.
We strongly urge all drivers to carry this as well as uninsured/underinsured motorist coverage, in the event they suffer injuries that are caused by someone whose auto insurance coverage is inadequate or non-existent. [read post]
18 Aug 2022, 10:29 am by Rebecca Tushnet
First American Title Insurance Co., 173 F.3d 725 (9th Cir. 1999); Dial A Car, Inc. v. [read post]
16 Aug 2022, 12:15 pm by Kevin LaCroix
  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]
Exceptions may apply, including for stock repurchases: occurring in connection with certain non-taxable corporate reorganizations; by regulated investment companies and real estate investment trusts; not exceeding $1 million in aggregate during the taxable year; and to the extent treated as a dividend. [read post]
15 Aug 2022, 11:52 am by Scott P. DeVries and Janine A. Hanrahan
ConMed Corporation (“ConMed”), a medical technology company, filed suit against Federal Insurance Company (“Federal”), a division of Chubb, alleging that Federal breached the terms of its insurance contract when it refused to defend ConMed’s landlords in a Georgia lawsuit. [read post]
11 Aug 2022, 1:05 pm by The Murray Law Firm
As insurance companies and unscrupulous property owners are often concerned with limiting their financial exposure in these incidents, it is crucial that the family of the deceased victim retain an experienced premises liability firm as soon as possible to ensure all evidence, such as a faulty fire alarm or a poor evacuation plan, is preserved and the families best interests are protected. [read post]
10 Aug 2022, 4:00 am by Administrator
Dominion of Canada General Insurance Company v. [read post]
8 Aug 2022, 2:29 pm by Kevin LaCroix
”   One question that many of us in the field often hear from corporate executives is the why companies that perceive themselves to be “good” on ESG aren’t rewarded in the financial markets (or, in my world, in their D&O insurance premiums). [read post]
8 Aug 2022, 10:41 am by John L. Culhane, Jr.
  Section 553(e) provides that “[e]achagency shall give an interested person the right to petition for the issuance, amendment, or repeal of a rule,” a denial of which must be justified by a statement of reasons pursuant to section 555(e) of the APA and can be appealed to the courts under sections 702 and 706 of the APA. [read post]
8 Aug 2022, 10:17 am by Michael R. Guerrero and Michael Gordon
”  The CFPB sees the closer integration of financial services providers and non-financial companies such as social media and e-commerce that is being driven by technology as creating more opportunities for companies to aggregate and monetize consumer financial data. [read post]
7 Aug 2022, 11:47 am by Bill Henderson
  Also distinguishable is Henry Kravis (#304 on the Forbes list) of KKR, who made his fortune in private equity, which is the buying and selling of public and private companies, typically with heavy reliance on debt. [read post]
3 Aug 2022, 10:28 pm by Timothy Chan (AU) and Ray Giblett (AU)
Separate authorisation requirements apply for general, life and private health insurance companies. [read post]
The EU has also adopted and begun implementing the EU Sustainable Finance Disclosure Regulation ((EU) 2020/852) (the “SFDR”), which requires financial market participants such as banks, insurance companies, pension funds, investment firms and financial advisors to make ESG-related disclosures about their investment decision-making processes as well as specified disclosures about financial products marketed as having sustainable characteristics or objectives. [read post]