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17 Jul 2012, 5:49 am
State Farm General Insurance Company.1 The homeowners association operated a condominium complex and was insured under a State Farm policy. [read post]
19 May 2023, 9:57 am
Unsurprisingly, the insurance companies, including Federal Insurance Company, refused to pay. [read post]
1 Mar 2020, 8:10 pm
The government is the insurer of last resort—when all else fails, government will step in and should. [read post]
9 Nov 2009, 12:47 am
” It would accomplish this by removing limitations on the Federal Reserves Board’s (the “Federal Reserve”) authority over companies, including insurance companies, subject to consolidated regulation under the Gramm-Leach-Bliley Act. [read post]
30 Jan 2018, 2:51 pm
The SEC alleges that AriseBank falsely stated that it purchased an FDIC-insured bank which enabled it to offer customers FDIC-insured accounts and that it also offered customers the ability to obtain an AriseBank-branded VISA card to spend any of the 700-plus cryptocurrencies. [read post]
29 Jul 2024, 7:41 pm
An investigation by Wyden revealed new facts regarding automakers’ disclosure of driving data, such as sudden braking and acceleration, to data brokers for subsequent resale to insurance companies. [read post]
23 Mar 2010, 12:14 pm
The case involved an employee who filched sales materials from an insurance company and used the materials secretly to poach clients for years. [read post]
25 Nov 2014, 4:05 am
As noted in a post yesterday, last Friday a federal jury held Derek Palaschuk, the former CFO of Longtop Financial, liable for the company’s financial misrepresentations. [read post]
16 Mar 2011, 2:25 pm
The advisers are permitted by rule or order of the Michigan Commissioner for the Office of Financial & Insurance Regulation to take and maintain custody of client funds or securities and comply with that rule or order.Performance-based compensation. [read post]
6 Jun 2012, 1:06 pm
As a result of these deductions, the employees’ pay fell below the required federal minimum wage. [read post]
15 Sep 2011, 1:35 pm
In fact, they had been warned by federal healthcare experts that the entitlement program would likely require a federal bailout or another insurance mandate. [read post]
18 Jan 2008, 2:05 am
It alleges that a New York insurance company arranged to have an anonymous complaint filed against a Texas doctor who had treated five of its insured members, who were all pleased with their treatment, so as to avoid paying their costs. [read post]
15 Oct 2011, 5:00 am
Disability Blog & Cases: Disabled South Carolina doctor sues Berkshire Life for disability benefits A South Carolina disability attorney recently filed a federal lawsuit in South Carolina against the Berkshire Life Insurance Company of America. [read post]
4 Dec 2015, 11:37 am
The company also sought to incentivize the production of loans by offering bonuses to its FHA underwriters. [read post]
6 Nov 2009, 12:26 pm
Bobbitt claims that in late 2000, he made an investment into a Variable Annuity Life Insurance Company annuity contract as part of a retirement plan. [read post]
8 Jul 2015, 7:59 am
Is there an insurance policy that might cover some of the costs? [read post]
22 May 2009, 9:48 am
” To carry out Congress’ intent, the IRS has regulations requiring that, to be an approved non-bank custodian of IRAs, a company has to have a separate trust department; the assets of different accounts cannot be commingled; continuity of the company has to be insured by diversified ownership under which no one individual can own more than fifty percent of its shares; the company has to keep customers’ assets in a vault; and the… [read post]
24 Jul 2023, 9:51 am
” The Eleventh Circuit affirmed a Georgia federal district court decision holding that insurers Continental Casualty Company and Valley Forge Insurance Company did not have a duty to defend Winder Laboratories, LLC and its manager, Steven Pressman, in an underlying lawsuit alleging that Winder falsely or misleadingly advertised a generic pharmaceutical. [read post]
30 Sep 2008, 12:05 am
Last week, in a little publicized decision, car owners won against the federal government when a federal judge ordered the federal government to get to work and set up a system by March 2009 so consumers can find out if cars and trucks have been badly damaged by floods, fires or car crashes.It's something the government was supposed to have done years ago when the US Congress passed a law saying that the public needed an open database of damaged vehicles that the… [read post]
7 Dec 2023, 12:11 pm
If the Court allows such releases, it could set a precedent for other companies facing mass tort lawsuits, potentially hindering workers' ability to pursue compensation for injuries related to defective products or unsafe work environments and restricting employer/insurance companies from seeking subrogation/recovery from the ultimate third party wrongdoer.Bankruptcy Plan Approval: The Court's decision could also impact how bankruptcy plans are approved,… [read post]
