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29 Jan 2010, 8:49 am
Upstream and downstream property owners brought multiple property damage lawsuits against the Town, which sought liability coverage an an additional insured from Heynan's CGL insurer, Steadfast Insurance Company, and Kubricky's CGL insurer, Liberty Mutual Insurance Company. [read post]
25 Jan 2010, 5:19 pm
European Union - EU - European Commission - Information Society: "Legal and Administrative Practices Regarding the Validity and Mutual Recognition of e-Documents - 17 December 2006 The study clarifies the present situation concerning the national legal and administrative practices in 32 countries (the 25 Member States, 3 EFTA countries parties to the EEA Agreement (Iceland, Liechtenstein and Norway), 2 Acceding Countries (Bulgaria and Romania) and 2 Candidate Countries… [read post]
25 Jan 2010, 2:01 am
None of this has been lost on the D&O insurance carriers. [read post]
20 Jan 2010, 6:00 am
Perhaps your insurance company should be paying for the damages and your counsel (soon to be decided in Builders Mutual v. [read post]
19 Jan 2010, 8:00 am
The company involved in the Chronicle story is Harleysville Mutual. [read post]
14 Jan 2010, 5:29 pm
It is even possible that a tax on financial transactions, and hence on liquidity, could lead to higher volatility.The tax could also increase the capital costs for companies, noted the Commissioner, as well as increasing the price of urgently needed investments. [read post]
13 Jan 2010, 1:03 pm
Florida Healthy Kids Corporation and Clarendon National Insurance Company (4D08-2490), the Fourth District clarified the difference between a "jury verdict reached by an illegal compromise, and a jury verdict reached by an entirely appropriate compromise of viewpoints which inheres in the verdict and as such, is not subject to post-trial scrutiny. [read post]
8 Jan 2010, 5:15 am
According to media reports, Marliss McManus, a senior federal affairs director for the National Association of Mutual Insurance Companies, stated that the limited antitrust exemption under the McCarran-Ferguson Act allows insurers to share data in order to more accurately determine the risks they are underwriting and properly set their prices. [read post]
7 Jan 2010, 6:19 am
For banks that are joint stock companies, common shares (and, except in rare circumstances, only voting common shares) and related capital and surplus will be the sole form of qualifying Common Equity. [read post]
5 Jan 2010, 3:38 am
Here are excerpts from the article:On New Year's Day a new federal system aimed at protecting consumers from buying rebuilt wrecks took full effect, only 17 years after the law requiring it was enacted.The National Motor Vehicle Title Information System requires all states, insurance companies and junkyards to report vehicles that were stolen or so badly damaged they were written off. [read post]
5 Jan 2010, 1:33 am
The three cases in which the renewed motions were denied include the Washington Mutual and PMI Group cases (about which refer here and here). [read post]
28 Dec 2009, 5:18 am
State Farm Mutual Automobile Insurance Company v. [read post]
December 14, 2009 – Environmental Law Settlements, Decisions, Regulatory Actions and Lawsuit Filings
13 Dec 2009, 8:58 pm
— Ross Douthat, The New York Times, December 9, 2009 In his column today, my colleague Thomas Friedman argues eloquently for a Dick Cheney-esque, “one percent doctrine” approach to climate change, which would treat caps on greenhouse emissions as a rational way to “buy insurance” against a potentially catastrophic outcome. [read post]
11 Dec 2009, 11:38 am
The Council may subject a financial company to heightened prudential standards upon determining that material financial distress at the company could pose a threat to financial stability; or the nature of the company activities could pose a threat to financial stability. [read post]
4 Dec 2009, 1:45 am
In addition, the passed version also provides that any determination of inconsistency by the FIO may be subject to a federal court challenge.In its passed form, H.R. 2609 won the broad support of the National Association of Insurance Commissioners (NAIC), the Property Casualty Insurers Association of America (PCIAA), the National Association of Mutual Insurance Companies (NAMIC), and the Independent Insurance Agents and… [read post]
2 Dec 2009, 5:51 am
†Upon having loaded its passengers, the bus, flanked by national and international media â€" more journalists in fact than tour participants â€" took the road to Fairfield County, Connecticut to tour the homes of executives who work for the American International Group, Inc., a mammoth international insurance company with significant financial services operations in more than 130 countries. [read post]
22 Nov 2009, 9:05 am
Public, private and union pension funds, mutual funds, private investment funds (including hedge funds), insurance companies, banks, endowments, and sovereign wealth funds are subject to varying levels of regulation, have distinct investment horizons and strategies, and exhibit varying levels of interest in the governance of portfolio companies. [read post]
19 Nov 2009, 10:51 am
You've got a court in California, but nobody else, allowing "misrepresentation" liability for a brand-name company in a generic drug case. [read post]
19 Nov 2009, 6:26 am
They are both modeled on the resolution authority for insured depository institutions in the Federal Deposit Insurance Act. [read post]
13 Nov 2009, 8:14 am
It apparently did not matter to either the motion court or the First Department that, unlike in Bovis Lend Lease LMB, the mutual insured was a nominal party in this coinsurance recovery action, settlement monies had already been paid on behalf of the mutual insured, and American was proceeding against State, in part, as the mutual insured's subrogee. [read post]
