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In this article we explore the recent Federal Court decision in Inchcape Australia Limited v Chubb Insurance Australia Limited, which highlights the importance of considering the precise wording of the policy when determining whether a cyber insurance policy will adequately cover an insured for potential losses.
Buzzfeed's kate is still with us as is michael steel. i want to start with you to explain to people exactly what happened this week. it gets confusing. t shaun mccutchen was giving check to campaigns and basically the aggregate limit meant he could give to 28 candidates. if it's okay to give to 28, why can't i give to 29. can you explain what the answer to that was and what the significance of this ruling really is? >> sure. if you go back to the post slaughter gait gate era there's a supreme court decision, 1976. this decision is almost the bedrock of what the supreme court says about money, ...
Give that much and in the past have given up to the aggregate limit. if you take into account the whole two-year cycle $123,200. that is one in 4 million americans but it is 1 in 6 billionaires. the coch brothers and others are among that class. we were a country that was founded on, you know, let's remove tyranny, let's remove kings, but there used to be this concept of divine right of kings. now we have this divine right of corporations and divine right of the .01%. i don't think the american public agrees with that. >> this is useful. let me dig down on this a little bit. i like the idea th...
Corporations and unions can spend unlimited amounts of money to influence elections. the mccutcheon decision keeps in place caps on how much a person can give to any one candidate, a party committee, but it eliminates the overall cap on contributions to candidates and committees over a two-year period. before today, that aggregate limit was $123,200. as of today, that limit is history. a single donor can give millions of dollars directly to candidates and party committees every election cycle. in fact, they only need to write a single check to a joint fund-raising committee which can then dist...
Laws since the 2010 citizens united decision which said corporations and unions can spend unlimited amounts of money to influence elections. the mccutcheon decision keeps in place caps on how much a person can give to any one candidate, a party committee, but it eliminates the overall cap on contributions to candidates and committees over a two-year period. before today, that aggregate limit was $123,200. as of today, that limit is history. a single donor can give millions of dollars directly to candidates and party committees every election cycle. in fact, they only need to write a single che...