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The company was founded in 1999 as Daiwa Securities SB Capital Markets Co. Ltd., a joint venture between Daiwa Securities Group (Daiwa) and Sumitomo Bank (SB). It was renamed in 2001 to Daiwa Securities SMBC Co. Ltd., after Sumitomo Bank merged with Sakura Bank on 1 April 2001 to form Sumitomo Mitsui Banking Corporation (SMBC), a wholly owned ...
Directors and officers liability insurance (also written directors' and officers' liability insurance; [1] often called D&O) is liability insurance payable to the directors and officers of a company, or to the organization itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for ...
Avoided burden (also known as the 0:100 method or end-of-life method) is an allocation approach used in life-cycle assessment (LCA) to assess the environmental impacts of recycled and reused materials, components, products, or buildings. While the approach has been adapted to fit a variety of LCA goals, it generally considers products with ...
In October 2012, Nationwide agreed to pay $7.2 million to resolve a market conduct investigation by a multistate insurance regulator task force regarding its use of the Social Security Death Master File database for paying life insurance claims. Life insurance policies make it clear that it is up to the beneficiaries to notify the insurer.
Life & Retirement includes Group Retirement, Individual Retirement, Life, and Institutional Markets. [7] [8] [9] AIG is the title sponsor of the AIG Women's Open golf tournament. In 2023, for the sixth consecutive year, DiversityInc named AIG among the Top 50 Companies for Diversity list. [10]
Directors and Highly Compensated Employees: At time of contract issue, the insured employee was a director, or a 5% or greater owner of the business at any time during the preceding year, or received compensation in excess of $95,000, adjusted for future inflation, in the preceding year, or was one of the five highest-paid officers, or was ...
A family in San Carlos, California, is facing an impossible decision: spend more than $40,000 to remove a nearly 500-year-old heritage white oak tree in their backyard or find new homeowners ...
Three years later, Citigroup sold Travelers Life & Annuity to MetLife. [19] In 2003, Travelers bought renewal rights for Royal & SunAlliance Personal Insurance and Commercial businesses. [20] [21] In 2004, the St. Paul and Travelers Companies merged and renamed itself St. Paul Travelers, with its headquarters set in St. Paul, Minnesota. [22]
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