In Part 1 of this series, we introduced the Federal Acquisition Regulation’s (FAR) approach to insurance and risk allocation in federal procurement, with a focus on FAR Part 28 and the ...

Explore how abandonment and salvage work in insurance, the process of property forfeiture and claims, and key examples in marine insurance contracts.

Starting in the first quarter of next year, the sales commission paid to insurance agents will be distributed monthly over a period of 3 to 7 years to improve the retention rate of insurance contracts ...

In a 9-0 decision, the U.S. Supreme Court held on February 21, 2024, that choice-of-law clauses in marine insurance contracts are presumptively enforceable under federal maritime law. These clauses ...

The financial authorities will establish a bridge insurer (tentatively named Yepyeol Insurance) to facilitate the restructuring of MG Insurance. The bridge insurer will maintain and manage contracts ...