"Let's fix the roof before it starts raining," Insurance Superintendent James Wrynn said. "Coastal New York has been lucky for a while to escape a direct hit from a hurricane, but luck is no substitute for planning. Homeowners have already been pummeled by rising rates, nonrenewals and threats of nonrenewal of their homeowners insurance policies. Homeowners shouldn't have to worry about whether they will be able to get coverage when their policies expire. This uncertainty must be addressed. We have extensively reviewed our rules and regulations and we are planning for the storm we know is coming."
Employers can be held liable for the activities of employees under the common law doctrine of agency – respondeat superior. This doctrine states that the superior (or “principal”) is held responsible for the acts of its subordinate (or “agent”). A company (the “principal” in this case) can be held liable for the actions of its employees and others deemed agents of the company, even if the agents are acting independently. This is called “vicarious liability.”
Tags: Agency (law), Brave New World, Company, discrimination, Employment, insurance, Insurance Industry News, Internet Professional Liability, Law, Legal liability, Media Liability, media liability, social media, Social Media Liability, social networking, Swett & Crawford, United States
We had to know that this was coming. Due diligence guidelines and responsibilities of Advisers and Funds that make investments in other funds have been increasing steadily over the past 24 months. I don't think this is any surprise and it will be interesting to see what (if any) regulations or rules are passed as a result. See 9-12-10 Wall Street Journal article for more detail.
This happens more than we know. Read the multitude of disclaimers on your ticket and one would think we enter the stadium at our own risk. It will be interesting to see how this pans out. Interestingly the NY Jets were not named in the suit and it was there unruly fans that did the damage. Stay tuned.
Check out article in Insurance Journal siting that the Pittsburgh Steelers Star Safety, Troy Polamalu's hair is insured for a $1mm by Head and Shoulders (Shampoo Company). Awesome!