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4 Aug 2017, 4:00 am by Berniard Law Firm
Typically, this waiver takes the form of insurers agreeing to forego its ability to seek payment from third parties who may be responsible for losses the insurer had to pay to its insured. [read post]
5 Jan 2016, 8:14 am by The Lawrence Law Group
A stress test is also performed on the company’s capitalization that “measures the capital position post an event and its ability to absorb a subsequent event on its capitalization. [read post]
5 Jan 2016, 8:14 am by The Lawrence Law Group
A stress test is also performed on the company’s capitalization that “measures the capital position post an event and its ability to absorb a subsequent event on its capitalization. [read post]
2 Mar 2024, 8:16 am by jordan
Poor maintenance practices can lead to lower safety ratings, affecting the company’s reputation and ability to secure contracts. [read post]
2 Jun 2020, 4:30 pm by tvasil
Oklahoma:  On June 2, the Oklahoma Department of Insurance issued a special notice to Oklahoma Insurance Professionals urging temporary licensees to schedule an exam with Prometric as soon as possible as testing ability has returned to full capacity. [read post]
8 Jan 2019, 12:00 am by proliability13
  Pursuant to established insurance law principles, insurance companies often hire independent counsel to represent an insured while reserving the right to later contest coverage. [read post]
10 Feb 2021, 12:53 pm by Disability Lawyers Dell & Schaefer
The Unum Group, home to one of the world’s largest disability insurance companies, has reported over a billion dollars in annual profits. [read post]
7 Jul 2015, 4:30 am by Sean Shaw
Florida Office of Insurance Regulation.1 In this case, Security First sought to amend its homeowner's policies to restrict the ability of policyholders to assign post-loss rights without the company's consent. [read post]
  The law requires pharmaceutical companies to notify insurers and government health plans at least 60 days before a planned price increase of more than 16 percent during a two-year period and to explain the rationale for the increase. [read post]
12 Aug 2024, 5:23 am by Disability Lawyers Dell & Schaefer
You are not required to sign an authorization form that gives the disability insurance company the ability to get anything they want without you knowing. [read post]
7 Nov 2022, 12:20 pm by Kevin LaCroix
The current basic premise in the D&O insurance world is that companies that are “good” on ESG (whatever that means) represent better D&O insurance risks. [read post]
3 Jun 2011, 2:44 am
" (emphasis added)The appellant Arash Shipping Enterprises Company Limited (Arash) was insured under a composite policy of marine insurance covering hull and machinery risks (the Policy). [read post]
7 Jan 2014, 11:38 pm by Kevin LaCroix
The question whether or not a misrepresentation distorted a company’s share price does feel a lot like an inquiry whether or not the alleged misrepresentation was material. [read post]
15 Sep 2020, 7:31 am by Gregory Dell
” We have to show the insurance company what has changed and why you can no longer perform your job duties. [read post]
2 Nov 2021, 12:49 pm by Kevin LaCroix
  As the Hunton Insurance Recovery Blog noted in its post about this ruling, the underlying claim does provide “another example of different claims that can come out of the pandemic and other adverse events,” noting in particular that D&O policies “may be implicated for future pandemic-related losses for government investigation, insolvency-related claims by creditors, trustees, and other company stakeholders involved in bankruptcy, False Claims Act and… [read post]
18 Feb 2014, 5:34 pm by Robert Kreisman
  The question for the Illinois Supreme Court in this case was the dispute between American Access and State Farm as to whether public policy as established under §7-317(b)(2) of the Illinois Vehicle Code serves to block insurance companies from excluding coverage for a policy’s sole named insured. [read post]
7 Mar 2011, 3:55 pm by Rebecca Shafer, J.D.
Best measure the financial stability of an insurance company by evaluating their ability to pay their claims. [read post]
19 Mar 2017, 1:07 pm by Sabrina I. Pacifici
News release -“AARP Executive Vice President Nancy LeaMond released the following statement today in response to the pending vote on the House bill that would create an “Age Tax,” weaken Medicare’s solvency, put at risk seniors’ ability to live independently as they age, and give sweetheart deals to big drug and insurance companies. [read post]