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On January 15, 2021, just weeks after the FDIC issued its final rule (the Rule) establishing requirements the parent entity of an industrial bank or industrial loan company (collectively, ILC) must meet for the ILC to have FDIC deposit insurance, Rakuten, a Japanese e-commerce and financial technology company, filed its third application in less than two years seeking FDIC deposit insurance for its U.S. [read post]
24 Mar 2009, 9:38 pm
Connecticut health officials have informed officials at Aetna Insurance in downtown Hartford that five employees there have been infected with E. coli bacteria in the past three to four weeks. [read post]
15 Dec 2009, 2:50 am
During the National Association of Insurance Commissioners’ (NAIC) winter meeting, the Restructuring Mechanisms for Troubled Companies (E) Subgroup adopted the “White Paper on Alternative Mechanisms for Troubled Companies” (the “White Paper”). [read post]
10 Oct 2018, 7:49 am by Hector E. Lora
Court of Appeals for the Eleventh Circuit recently affirmed the dismissal of consolidated putative class action cases against mortgage loan servicers and an insurance company, holding that the filed-rate doctrine barred the plaintiffs’ claims. [read post]
5 Apr 2019, 7:53 am by VPM Legal
  Roughly 30% of companies currently have some form of cyber insurance. [read post]
29 May 2020, 4:06 pm by VPM Legal
Commercial General Liability (CGL) Policies and Cyber Liability Most companies do not have specific cyber insurance policies and instead rely on patchwork CGL and E&O coverage. [read post]
22 Jun 2021, 1:25 pm by Bob Ambrogi
“With their combined resources and expertise, Litify and LegalStratus will give corporate legal departments, government agencies and insurance providers unparalleled transparency and integrated tools to help them optimize operations,” the companies said in announcing the acquisition. [read post]
30 Oct 2012, 6:17 am by Mark S. Humphreys
The interesting aspect of the article is how insurance companies use factors unrelated to driving to set rates. [read post]
9 Apr 2007, 6:43 am
In e-mails State Farm Insurance Company had threatened to fire a firm hired to inspect storm-damaged homes after Hurricane Katrina, and firm leaders suggested that the insurer was dissatisfied with how it was reporting damage. [read post]
4 Mar 2013, 12:38 am by Kevin LaCroix
The modern public company D&O insurance policy provides coverage not only for the directors and officers of the company but also for the company itself – however, in the public company D&O insurance policy, the entity coverage applies only to securities claims, a limitation that sometimes leads to disputes whether or not a particular matter constitutes a securities claim. [read post]
18 Jun 2012, 10:51 am by Andrew Ramonas
-based company behind the first online sale of a health insurance policy in the United States. [read post]
5 Mar 2009, 9:37 am
Do you TRULY believe the insurance company wants to  pay you $500 because they feel bad? [read post]