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26 Aug 2009, 4:01 pm by Law Lady
Weekly D1611aMutuality of remedy and illusory -- Trial court erred in finding that an absence of mutuality of remedies rendered contracts illusory and unenforceable -- Although contractual remedial limitations favored developer/seller, in that developer/seller could retain buyers' deposits as liquidated damages or bring action for specific performance upon buyers' default, whereas buyers could not seek damages, but could obtain return of their deposits or bring action for specific… [read post]
25 Aug 2009, 2:40 am
  Other insurance groups including the National Association of Mutual Insurance Companies, the American Insurance Association and the Life Insurance Association of Michigan are also opposing the legislation.We will continue to monitor future developments on this topic on InsureReinsure.com. [read post]
4 Aug 2009, 6:05 am
Finding that the defendants "may have found a loophole  in the law barring a  STOLI finding",  the court in in  The Lincoln National Life Insurance Company v. [read post]
30 Jul 2009, 10:09 pm
Thus, a recent news release from the AFL-CIO began with this evidently alarming fact: "Profits at 10 of the country's largest publicly traded health insurance companies rose 428 percent from 2000 to 2007. [read post]
29 Jul 2009, 5:16 am
A Nationwide Mutual Insurance Company study found that 19% of all drivers -- and 37% of drivers between the ages of 18 and 27 -- text message behind the wheel. [read post]
21 Jul 2009, 8:47 am
") converted from a mutual insurance company to a stock company, called "demutualization. [read post]
14 Jul 2009, 8:50 am
The case, outlined in a new report with the UNEP, underlines how the world's largest institutional investors -- such as pension funds, insurance companies, sovereign wealth funds, mutual funds and foundations -- have a central role in assisting the transition to a low carbon and resource efficient Green Economy. [read post]
5 Jul 2009, 1:34 pm
Four years ago, the home burned to the ground with no insurance to rebuild, leaving a vacant lot to fight over. [read post]
30 Jun 2009, 4:36 am
., Chamber of Commerce of the United States of America, National Association of Manufacturers, NFIB Small Business Legal Center, National Association of Wholesaler-Distributors, American Tort Reform Association, American Insurance Association, Property and Casualty Insurers Association of America, National Association of Mutual Insurance Companies, American Chemistry Council, and the Washington Legal Foundation. [read post]
26 Jun 2009, 6:15 am
  As reported by the National Law Journal, "the quiet company," like many in the insurance industry, classifies its sales force as independent contractors. [read post]
22 Jun 2009, 11:26 am
Grinnell Mutual Reinsurance Company, No. 3-08-0004 (Ill. 3rd March 27, 2009), chiropractor Richard Martis sued Grinnell Mutual Reinsurance Company after Grinnell's billing employees incorrectly paid Martis too little for treating an injured worker. [read post]
16 Jun 2009, 10:34 pm
I just can't imagine any settlement planner ever agreeing to the first offering and it isn't being pushed hard anyway.It is worth noting that I learned today that the same national company (of whose representative I am assuming Mark refers) apparently sent guidelines (to its members) for splitting commissions , on a mutually favorable basis with brokers or settlement planners engaged by the plaintiff.I continue to be troubled however (in view of Principle VI of… [read post]
15 Jun 2009, 6:37 am
Since the onset of the financial crisis nine months ago, the government has become the nation’s biggest mortgage lender, guaranteed nearly $3 trillion in money-market mutual-fund assets, commandeered and restructured two car companies, taken equity stakes in nearly 600 banks, lent more than $300 billion to blue-chip companies, supported the life-insurance industry and become a credit source for buyers of cars, tractors and even weapons for… [read post]
12 Jun 2009, 10:15 pm
The head of the NSSTA membership committee, appointed by the NSSTA Board of Directors and purportedly (and coincidentally) nominated by one of the NSSTA board members whose agency allegedly IS NOT in compliance with the above cited New York statute , once signed an affidavit under penalty of perjury to the United States Department of Justice that included a statement that was mutually exclusive to his company's advertising to the nation's plaintiffs and plaintiff… [read post]
12 Jun 2009, 1:49 pm
Meeks, the National Association of Insurance Commissioners expressed support for the legislation. [read post]
3 Jun 2009, 7:38 am
The final rule defines a national rate as “a simple average of rates paid by all insured depository institutions and branches for which data are available. [read post]