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14 Apr 2015, 4:50 pm by Kevin LaCroix
Questions regarding the scope of indemnity coverage may also arise because the monetary remedies sought by the SEC are limited to disgorgement, civil fines and penalties. [read post]
21 Feb 2010, 11:29 am by John Watkins
The insurer may also refuse to pay for any settlement or judgment (the indemnity obligation).If you get a reservation of rights letter, it is a cause for concern. [read post]
10 Mar 2011, 2:20 pm by Law Lady
PROGRESS BANK OF FLORIDA, a chartered commercial bank; AXIOM WORLDWIDE, L.L.C., a limited liability company; NICHOLAS J. [read post]
4 Apr 2021, 6:42 pm by Omar Ha-Redeye
 11; Creative Salmon Company Ltd. v. [read post]
18 Jan 2012, 12:31 am by Kevin LaCroix
 According to Market Bulletin Y45221, dated September 30, 2011, the program was expanded to new claims in Financial Institutions (FI), Professional Indemnity (PI), which includes D&O, and medical malpractice, to be effective as of January 1, 2012. [read post]
4 May 2010, 6:09 am by admin
  The insurance-craving-murderous-spouse has been a staple of noir fiction ever since Fred MacMurray in 1944’s Double Indemnity (even the title screams insurance!) [read post]
21 Nov 2011, 12:49 am by Kevin LaCroix
  In arguing that the policy precluded coverage for the settlement, the insurer relied on Policy Section V (illegal profit/payment exclusion):   The Insurer shall not be liable to make any payment for Loss, other than Defense Costs, in connection with any Claim arising out of or in any way involving: 1. any Insured gaining, in fact, any profit, remuneration, or financial advantage to which the Insured was not legally entitled; 2. payment by the Company of inadequate or… [read post]
10 Nov 2014, 8:02 pm by Alan Friel
However, the tech-savvy marketing professionals who are entrusted to implement these programs are often unaware of the complex patchwork of state and federal legal schemes, self-regulatory program obligations, and potential significant financial repercussions for their companies’ failure to comply with applicable laws. [read post]
31 Dec 2014, 11:11 am by Lloyd J. Jassin
 If the book is financially successful the publisher and the author (or author’s heirs) will be bound together for a very long time. [read post]
16 Apr 2012, 12:48 am by Kevin LaCroix
Because D&O insurance derives from the indemnification obligation, and because the company’s indemnification obligation includes both the obligation to provide for defense expense and for indemnity amounts, the D&O insurance policy has always provided coverage for both defense expense and for settlements and judgments. [read post]
29 Dec 2016, 2:18 pm by Michael S. Levine
  The coverage dispute occurred when Federal Recovery Services (FRS) sought defense and indemnity for suit brought by a fitness center. [read post]
22 Dec 2010, 7:05 am by Chip Merlin
In Australia, for example, “prompt admission of liability to meet a sound claim for indemnity and prompt payment” is said to be part of the insurer’s duty of good faith. [read post]
5 Apr 2010, 2:34 pm by Mark Litwak
If you be¬gin production and a claim is made, insurance companies may decline to issue a policy or insist that the policy exclude the pre-existing claim. [read post]
10 Jun 2019, 1:00 am by Matrix Legal Support Service
Sevilleja v Marex Financial Ltd, heard 8 May 2019. [read post]
19 Sep 2017, 11:43 pm by Tessa Shepperson
The courts are under huge pressure – both financial and in court time. [read post]
1 Aug 2013, 8:36 am by Cynthia Marcotte Stamer
Stamer is recognized, internationally, nationally and locally for her more than 24 years of work, advocacy, education and publications on leading health and managed care, employee benefit, human resources and related workforce, insurance and financial services, and health care matters. [read post]
18 Jul 2012, 3:00 am by Jon L. Gelman
" Robert Beloten, Chair of the Workers' Compensation Board, said, "Prior to the reform, lost wage benefits were insufficient for injured workers yet the system has had uncontrollable medical and indemnity costs. [read post]