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List of corporate collapses and scandals - Wikipedia

54 rows · A corporate collapse typically involves the insolvency or bankruptcy of a major business enterprise. A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Many recent corporate collapses and scandals have involved false or inappropriate accounting of some sort.…

What Constitutes an “Abrupt Collapse”? Property ...

Sep 03, 2018 · Nova Casualty Company, 2 a California federal district court recently addressed the meaning of the phrase “abrupt collapse,” which the commercial insurance policy at issue defined as “an abrupt falling down or caving in of a building or any part of a building with the result that the building or part of the building cannot be occupied for its intended purpose.” 3…

Will homeowners insurance cover a collapsing ceiling?

Oct 05, 2017 · Ultimately that decision is going to be up to your homeowners insurance company based on the terms and coverage of your policy, so you will need to contact them directly the inquire about your coverage. Unless collapse is specifically excluded from your policy (if you have an open-peril policy) or it is not listed as a covered loss (if you have a named-peril policy), it's highly likely that you will be covered.…

What Constitutes a Collapse Under a Property Insurance ...

Pennsylvania General Insurance Co., (18) collapse coverage was triggered when a front corner of the plaintiff's home actually fell down and a window casement separated from the wall. Notably, where a partial collapse is at issue, coverage generally applies, if at all, only to that portion of the structure that suffers "direct physical loss or damage."…

What Went Wrong at AIG? - Kellogg Insight

The collapse and near-failure of insurance giant American International Group (AIG) was a major moment in the recent financial crisis. AIG, a global company with about $1 trillion in assets prior to the crisis, lost $99.2 billion in 2008. On September 16 of that year, the Federal Reserve Bank...…