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week, the U.S. Judicial Panel on Multidistrict Litigation agreed to at least
one mini-MDL, consolidating the business interruption lawsuits filed against
Society Insurance Co.  At the same time,
it decided against consolidation of cases against several other insurers,
saying it would be inefficient.

August the MDL panel ruled against centralizing all COVID-19 business

Two months ago, without any prior warning or public notice, the IRS issued Notice2016-66 which defined a number of common captive insurance transactions as
“transactions of interest.” The Notice
is limited to captive insurers organized under 831(b). The IRS states that these “transactions of
interest” have the “potential for tax avoidance or evasion.” It places

Expansion of
Coverage: North Carolina Crime Coverage Part:  Embezzlement

the Owner-Manager of your Vendor your “Employee?”

            On November 14, 2014, the Eastern
District of North Carolina entered summary judgment in favor of an insured
seeking coverage for embezzlement for actions by owners of a vendor. Colony Tire Corp. v. Fed. Ins. Co., No.

we have previously reported, the North Carolina
Industrial Commission was tasked to investigate a prescription formulary for
North Carolina State workers.  The
results of the investigation were published earlier this year.  The Commission considered the potential
savings, benefits, and implementation procedures of a drug formulary, not just for State workers, but for the

With Hurricane Matthew downgraded to a tropical cyclone, it is time for affected businesses,
property owners, and insurers to focus on quantifying the amount of damage
caused by the storm.  By some estimates,
Hurricane Matthew will generation over 100,000 insurance claims and between $4 billion and $7.5
billion in property losses.  Although the
focus is typically on