Contingent auto liability insurance is a commercial product primarily designed for leasing companies that own vehicles they lease to others. Contingent liability is different than secondary liability, when one or more insurance companies have similar policies on the same vehicle and must decide who provi...
Contingent Risk Insurance is tailored to the specific circumstances of the risk in question and typically offers coverage for risks such as: Legal interpretation risk Pension associated risks Shareholder disputes TUPE disputes Specific accounting treatment Environmental risks Regulatory exposures Any party to...
(but several markets will remain OTC, need to regulate CCPs) – Margin coverage ratios – Concentration limits – Stress tests allowing for interaction of aggregate solvency and liquidity risks • We need to gather better and relevant data first • We should empower both regulators and markets...
The 1993 charge was offset by $1.0 billion of expected insur- ance proceeds; the 1998 charge was offset by $100 million of expected insurance recov- ery. The firm engaged in litigation with some of its insurers regarding the extent of insurance coverage for these losses. Describe the impact ...
Contingent Liabilities means, respectively, each obligation and liability of the Credit Parties and all such obligations and liabilities of the Credit Parties incurred pursuant to any agreement, undertaking or arrangement by which any Credit Party either: (i) guarantees, endorses or otherwise becomes ...
Determining the optimal guaranteed rate of life insurance policies can effectively promote sustainable societies and disaster-resilient communities in times of war. Nevertheless, such strategic coverage remains uncommon in many countries. This article presents a capped-down-and-out call option model to ...
The benefit of workers comp coverage for businesses is that it protects them from tort liability. In industries like construction, where injuries can be serious, coverage can be helpful. The disadvantage is that workers comp is no-fault, and you’re required to pay for the coverage. So next...
Although it is difficult to estimate exactly how other jurisdictions will receive the decision, in a previous case the Iowa Supreme Court rejected the argument that employers liability coverage extends to sexual discrimination claims.6BY KEVIN G. FITZGERALD...