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Deductibles can be confusing and ambiguous – Blog about real estate insurance coverage

A recent case in Louisiana 1 shows the difficulty of interpreting deductible when sub-limits for a hazard apply. The case is significant because many high-profile trade policies have similar deductible clauses, which the courts have found ambiguous and given the policyholder a much greater recovery. The Federal Court noted the language of insurance and the question: The insurance policy originally …

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Requirements for maintaining insurance as part of a construction contract

See the entire video at https://www.rumble.com/zalma and at https://youtu.be/cp2sKP5PySU Insurers who insure suppliers' liability include in their insurance a guarantee that forces the main contractor to obtain proof that all its subcontractors are insured. In an important case, North American Capacity Insurance Co. v. Claremont Liability Insurance Co. Court of Appeal, Second District, 177 Cal.App.4th 272, No. B207878 (Cal.App. Dist. …

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Officer responsible for the crime of police companies leaving the DOJ

(Reuters) – Longtime official of the US Department of Justice Daniel Kahn, who supervised high-profile bribes against the French energy company Alstom SA and the Brazilian construction conglomerate Odebrecht SA, is leaving the government for the private sector, a source told Reuters. 19659002] Mr. Kahn will join the white shoe defense company Davis Polk & Wardwell LLP, said the source, …

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Aon sues former employees who joined the rival

Last week, Aon PLC filed a loophole against four former transport insurance executives who joined McGriff, the retail brokerage unit for Truist Insurance Holdings Inc., last year. The four employees – Josh Thompson, Daniel Johnson, Annette Nitti, Jack Cole and Holly Williams – violated the restrictions on client restrictions after employment in the limited warehouse units they have received, according …

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Reinsurance companies can strengthen the cyber market: Standard & Poor's

Insurance companies will continue to raise cyber insurance rates and adjust terms, especially exemptions, and reinsurance companies can support market growth, said Standard & Poor & # 39 ;s Corp. on Wednesday. "The market would benefit from the development of a comprehensive retrocession market and the use of (insurance-linked securities) or alternative capital to improve capacity, according to the report, …

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Student-athletes should be considered as employees: NLRB

The National Labor Relations Board's General Council has re-established a policy introduced by an Obama administrator and issued updated guidance that certain student athletes may be considered employees under the National Labor Relations Act, and has therefore provided protection for the law. [19659002] Wednesday's memo by NLRB Advocate General Jennifer Abruzzo reinstates a policy introduced in January 2017 by Obama-appointed …

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All work, play in the heart of underwriter training programs

Hamilton, Bermuda-based Hiscox Ltd. do not play with educating their new employees — or are they? The international insurer said it plans to train more than 90% of its junior guarantors with a "gamified simulation training app" created specifically for those new to insurance. Built by Attensi, the app offers "3D insurance training simulator for warranties "" a way for …

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Oregon is considering rules for legal fees following appeals decisions

The Oregon Workers & # 39; Compensation Division is now establishing a procedure for assessing legal costs when temporary disability benefits are obtained upon reconsideration, as required by a recent decision of the Court of Appeal. On September 15, the State Court of Appeal published its decision in Dancingbear v. SAIF Corp . claims that the plaintiffs' lawyers are entitled …

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SEC rules to call for hedge funds, appropriations to vote

(Reuters) – The highest US securities regulator on Wednesday will propose that large hedge funds and appropriations reveal how they vote for executive pay, giving this link of influential investors in line with other top funds that have made their payrolls public for a decade . The amendments proposed by the Securities and Exchange Commission will also include a mandate …

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