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For Australian branches of foreign accountable entities, the Policy Proposal Paper proposes to include the following: • The senior executive responsible for the conduct of all activities of an Australian branch, most likely the Head of Branch or Country or similar; • The Senior Officer Outside Australia as defined under APRA Prudential Standard CPS 510; • All members of the Compliance Committee of an Eligible Foreign Life Insurance Company (EFLIC) as defined… [read post]
According to Prudential Financial’s Pulse of the American Worker survey, 8 in 10 workers want their company to provide benefits central to their economic well-being, and 40% would consider accepting a job with a new company that offered better benefits. [read post]
8 Jul 2021, 1:16 am by Flupke van den Bogart
With double materiality, the Commission means the impact of a company’s activities on the environment and society, as well as the business and financial risks faced by a company due to its sustainability exposures. [read post]
17 May 2021, 11:34 am by Alan S. Kaplinsky
  Fed Vice Chair Quarles is expected to be questioned about the Fed’s proposed revisions to its Durbin Amendment rule regarding card-not-present transactions and FDIC Chair McWilliams is expected to be questioned about the FDIC’s rule regarding deposit insurance applications from industrial banks or industrial loan companies. [read post]
4 May 2021, 11:01 am by Jeremy T. Rosenblum and James Kim
” No provision in the Federal Deposit Insurance Act (FDIA) requires a depository national bank to obtain FDIC insurance. [read post]
22 Apr 2021, 4:27 pm by McKennon Law Group
After her mother’s death, the plaintiff submitted a claim to Prudential, but Prudential paid only $11,400, which amount it stated was the policy’s correct death benefit. [read post]
17 Mar 2021, 11:11 am by Laura Hodgson (UK)
In that light, the UK will consider a resolution regime for insurance companies. [read post]
11 Feb 2021, 3:17 am by Anna Carrier (BE)
In particular, the advice should address regulatory and supervisory challenges (prudential, AML/CFT and conduct) stemming from: (i) cooperation among regulated providers active in multiple subsectors of financial services (e.g. retail financial services, payments, investment services, insurance) and established in one or various Member States in the EU; (ii) cooperation between technology companies – in particular BigTech firms – and financial service providers… [read post]
5 Feb 2021, 1:25 am by Shannon O'Hare
In the insurance sector, broker Aon plc shifted its parent company’s jurisdiction of incorporation to Ireland. [read post]
14 Jan 2021, 10:40 am by Gregory Dell
And we’re going to talk about Principal long-term disability insurance company and specifically what your options are if your long-term disability claims have been denied. [read post]
7 Jan 2021, 10:16 am by Disability Lawyers Dell & Schaefer
And we’re going to discuss New York Life Insurance Company and the handling of a long-term disability insurance claim. [read post]
28 Dec 2020, 8:52 am by Disability Lawyers Dell & Schaefer
STEPHEN JESSUP: Standard is a major company, but it’s not one of the companies we probably get the most calls on, not like a Cigna or a Prudential. [read post]
22 Dec 2020, 1:21 pm by Patty Tan and Hannah McAslan (UK)
With the Brexit transition period nearing its end, we set out below an update on the EU 27 temporary transitional measures – the table below lists the jurisdictions for which we have received confirmation of the current position, further updates to other jurisdictions will be posted as and when we receive them. [read post]
17 Dec 2020, 8:47 am by Gregory Dell
And we’re going to discuss long-term disability insurance buyouts with Prudential Insurance Company. [read post]
17 Dec 2020, 8:35 am by Disability Lawyers Dell & Schaefer
On the risk side, in exchange for the lump sum buyout, the insurance company will require that the claimant gives up any right to future long term disability benefits. [read post]
16 Nov 2020, 1:00 am by Jocelyn Hutton
Second, issues arising out of the case of Prudential Assurance Company Limited v Commissioners for Her Majesty’s Revenue and Customs [2018] UKSC 39. [read post]
13 Nov 2020, 6:14 am by John Jascob
The report recommends that stress testing be conducted under various climate scenarios, and consideration should be given to how to use existing frameworks by prudential regulators and market regulators. [read post]
12 Nov 2020, 12:10 pm by Gregory Dell
The insurance companies have been a little sensitive or good about dealing with these nuances. [read post]
The Annual Report provides insights in the rearrangement of the regulator’s priorities and prudential framework due to the impact of COVID-19, with a focus on operational and financial resilience, contingency planning and the suspension of its policy and supervisory agenda, and the insurance of new banking and insurance licences. [read post]