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26 Apr 2021, 2:34 pm by Kevin LaCroix
Among other things, the stipulation states that Akazoo is seeking to recover from the “Akazoo Insurers” amounts for “unreimbursed defense costs and unpaid indemnity claims. [read post]
20 Apr 2021, 12:42 pm by Geoffrey B. Fehling and Yaniel Abreu
In a recent post on the Nickel Report (“Environmental, Social and Corporate Governance: What are the Risks, Really? [read post]
1 Apr 2021, 5:00 am by John Jascob
Side B is coverage that reimburses the company for its payment of defense costs and indemnity of the directors and officers. [read post]
31 Mar 2021, 12:33 pm by Goldfinger Injury Lawyers
A simple property search combined with a corporate search (if required) often does the trick. [read post]
” Paid Family Leave Weekly Benefit Increase: AB 123 would revise the formula for determining benefits available pursuant to the family temporary disability insurance program, for periods of disability commencing after January 1, 2022, by redefining the weekly benefit amount to be equal to 90% of the wages paid to an individual for employment by employers during the quarter of the individual’s disability base period in which these wages were highest, divided by 13, but not… [read post]
23 Feb 2021, 10:25 am by Robbie Peroni and Gemma Adams
(B) Corporate guarantee Parties to a charterparty or a shipbuilding contract may enter into a corporate guarantee, whereby the obligations of the charterer or the shipbuilder are guaranteed by their parent company. [read post]
23 Feb 2021, 6:58 am by Andrea DeField and Michael L. Huggins
Nevertheless, policyholders should continue to request this coverage and should work to shore up indemnity provisions in their vendor contracts to cover loss, cost, expense, and liability claims resulting from an outage or attack on a vendor’s system. [read post]
12 Feb 2021, 11:17 am by Eric Goldman
Professionally produced content has lower risks of liability, and the licensors might provide an indemnity. [read post]
26 Jan 2021, 8:03 pm by Patrick Bracher (ZA)
The court said it was ‘reasonable that the insurer did not want to have the insurance proceeds to be a means of funding the purchase of an asset by a corporation’. [read post]
16 Dec 2020, 6:21 pm by Chukwuma Okoli
From Okoli and Oppong (2020), and my assessment of reported cases, jurisdiction agreements have only been upheld in five cases: Nso v Seacor Marine (Bahamas) Inc (2008) LPELR-CA, Beaumont Resources Ltd v DWC Drilling Ltd (2017) LPELR-42814 (CA), Nika Fishing Co Ltd v Lavina Corporation (2008) 16 NWLR (Pt 1114) 509, Megatech Engineering Ltd Sky Vission Global  Networks LLC (2014) LPELR-22539 (CA) and Damac Star Properties LLC v Profitel Limited (2020) LPELR-50699 (CA). [read post]
27 Oct 2020, 6:30 am by Michael B. Stack
 Properly utilized vocational rehabilitation can significantly reduce the cost of the larger work comp indemnity claims by returning the injured worker to a productive role. [read post]
24 Oct 2020, 6:48 am
Recent years have witnessed a surge in the number of M&A deals that use representations and warranties insurance (“RWI”). [read post]
The Bureau of Ocean Energy Management (“BOEM”) and the Bureau of Safety and Environmental Enforcement (“BSEE”) recently issued a proposed rule on Risk Management, Financial Assurance and Loss Prevention (“Proposed Rule”), which was published in the Federal Register on October 16, 2020 and is now open for public comment. [read post]
4 Oct 2020, 1:30 pm by Kevin LaCroix
”   Her conclusion in this respect was, in her view, bolstered by the testimony from the trial witnesses that the insurers “did not want to have insurance proceeds be a means of funding the purchase of assets by a corporation,” and by the evidence that there were other alternative D&O insurance policies available in the marketplace that contained different Loss Exclusion language that would exclude language only “if Onyx was the… [read post]