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Join Dickinson Wright Attorney Kevin M. Doherty for the
Tennessee Business Roundtable s Captives 101: Using TN
Captive Entities to Insure Enterprise Business Risks webinar
on Thursday, March 4, 2021 at 2 p.m. CT.
This webinar will explain the basics of captive insurance,
including the types of captives, the insurance risks that captives
can write, and the benefits that captives provide to businesses.
Participants will gain critical knowledge about this little-known,
valuable risk-management mechanism from three of Tennessee s
top captive insurance experts:
Kevin M. Doherty, Member, Dickinson Wright PLLC
The Delaware Supreme Court, sitting en banc, unanimously held that a trial court committed reversible error by instructing a jury that a seller of a business could be liable for fraud through.
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The past few days have been trying ones for Texans suffering due
to the loss of electric power in their homes and business.
Already we have received several subrogation assignments arising
from claims involving burst water and sprinkler piping. Other
claims involve damage due to lack of heat to inventories and other
property.
The question presented is whether a subrogated property carrier
has any recourse against those responsible for the brownout, either
or both the electrical utility or the Electric Reliability Council
of Texas, Inc (ERCOT).
On 19 February 2021, the Monetary Authority of Singapore
(
MAS ) issued a consultation paper
inviting public comments on proposed revisions to MAS Notice 126 on
Enterprise Risk Management, MAS Notice 125 on Investments of
Insurers and MAS Notice 124 on Public Disclosure Requirements.
The proposed revisions to MAS Notices 126, 125, and 124 are
intended to align MAS rules and regulations for insurers in
line with the development of the Holistic Framework for Systemic
Risk in the Insurance Sector (and corresponding updates to the
Insurance Core Principles) by the International Association of
Insurance Supervisors in November 2019 for the purpose of
mitigating systemic risk in the insurance sector.
1. Applicability of the MAS Notices to Insurers
In part two of this three-part series shining a spotlight on captive insurance companies, Executive Director, Sherman Taylor identifies the key elements required to establish an effective captive.