Search for: "Commercial Risk Reinsurance Company Limited"
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26 Mar 2020, 8:22 am
Oceana Grill alleges that it purchased an “all risk policy” from defendant Certain Underwriters at Lloyd’s London (“Underwriters”) which covers all direct physical losses to its property “unless the loss is specifically excluded or limited in the policy. [read post]
25 Mar 2020, 7:51 am
The guidance states, “[t]he DFR encourages both Businessowner Package and Commercial Package policyholders to contact their agent or company to determine if their reported income should be adjusted for the current or renewal policy term. [read post]
5 Jan 2016, 8:14 am
The report identifies that a key component of how insurance companies analyze risk remains their exposure to hurricane loss and the recoveries of reinsured losses. [read post]
5 Jan 2016, 8:14 am
The report identifies that a key component of how insurance companies analyze risk remains their exposure to hurricane loss and the recoveries of reinsured losses. [read post]
4 Feb 2020, 7:04 am
One risk concerns the level of transparency a company decides to provide regarding its positions on social responsibility. [read post]
15 Aug 2012, 3:51 pm
You can also self-fund portions of risk without any reinsurance at all. [read post]
20 Mar 2008, 4:58 am
Lastly, a report on business risks, measures to address and minimize risk, and any limitation to the risk taking capacity of the company, are also required to be furnished on a quarterly basis.Such governance framework atleast insofar as listed companies are concerned militate against media reports of companies not having understood the risks or undertaken transactions without properly factoring in the risks. [read post]
22 Dec 2016, 7:44 am
It is also not uncommon for the primary insurance company to cede or reinsure part of its own risk. [read post]
28 Oct 2018, 8:24 pm
For that reason, it “should come as no surprise” that Transatlantic Reinsurance’s October 2018 analysis of the U.S. public company D&O liability insurance marketplace reveals “price inadequacy” – that is, that the “level of compensation in the market is not commensurate with the risks being taken. [read post]
21 Apr 2022, 9:01 pm
On March 21, 2022, the Securities and Exchange Commission proposed, in a 510-page release, climate-related disclosure rules for public companies. [read post]
What Every InsurTech Entrepreneur Should Know About Convertible Promissory Notes and SAFE Agreements
11 Mar 2019, 2:51 pm
Indeed, InsurTech companies often find themselves involved with both Investors that seek only financial returns as well as Investors that provide important strategic support as evidenced by commercial agreements. [read post]
12 Jul 2012, 10:46 am
(Re),[3] the Ontario Court of Appeal considered whether finality was an absolute requirement for recognition and enforcement of an order under REJUKA [4] In Cavell, the respondent, Cavell Insurance Company Limited (“Cavell”), a subsidiary of a British company, was registered in Ontario to accept property and casualty reinsurance business. [read post]
9 Aug 2023, 9:01 pm
Impose an output floor that would limit the amount capital calculated with internal models could deviate from the expanded standardized approach to 72.5%. [read post]
1 Oct 2020, 3:51 pm
New Mexico: On September 4 (originally drafted March 20, 2020, but reported on September 4, 2020), the State of New Mexico Office of Superintendent of Insurance released Bulletin 2020-006 to all admitted and non-admitted insurance companies regarding a request to all insurance companies to refrain from cancelling or non-renewing policies of business and individuals negatively impacted by the disruption due to non-payment of premiums during the public emergency. [read post]
31 Mar 2020, 8:45 pm
In addition, the Department acknowledges that company response times may be slower as more company employees work from home. [read post]
15 Oct 2007, 3:05 am
Consequently, an insurer in general breaches no duty to its insured when it seeks to pursue contribution against another insurance company issuing similar coverage at the same layer/risk. [read post]
15 Oct 2007, 3:05 am
Consequently, an insurer in general breaches no duty to its insured when it seeks to pursue contribution against another insurance company issuing similar coverage at the same layer/risk. [read post]
4 Sep 2012, 2:38 pm
Among other things, SB 1448 would require the board of directors of an insurer that is part of a holding company system to file a statement affirming that the board is responsible for overseeing corporate governance and internal controls, and SB 1448 would authorize the insurance commissioner to evaluate the enterprise risk related to an insurer that is part of a holding company. [read post]
2 Oct 2012, 11:55 am
In addition, SB 1448 authorizes the insurance commissioner to evaluate the enterprise risk related to an insurer that is part of a holding company. [read post]
25 Apr 2017, 3:21 pm
Sponsors and plan fiduciaries also need to be concerned about other risks beyond sponsoring employers’ excise tax liability exposures for sponsoring a non-compliant group health plan. [read post]
