Interruption

Seven Corners Travel Insurance Plans Now Available Through Travellinsurance.com

Retrieved on: 
Tuesday, February 6, 2024
Seven Corners, Virginia, Entrepreneurship, Choice, Travel, Interruption, Insurance

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- TravelInsurance.com is pleased to welcome Seven Corners Travel Insurance to its leading travel insurance comparison marketplace.

Key Points: 
  • NEW YORK, Feb. 6, 2024 /PRNewswire/ -- TravelInsurance.com is pleased to welcome Seven Corners Travel Insurance to its leading travel insurance comparison marketplace.
  • Travelinsurance.com offers travelers the easiest way to compare and buy travel insurance from top global travel insurers online.
  • Seven Corners' award-winning trip protection plans represent a valued addition to TravelInsurance.com's product offerings.
  • Seven Corners Travel Insurance offers customized insurance and 24/7 emergency medical and travel assistance services for individuals and groups.

Mallinckrodt Receives Court Approval for "First Day" Motions to Support Ongoing Operations

Retrieved on: 
Wednesday, August 30, 2023
LLP, Bankruptcy, Partnership, Wachtell, Lipton, Rosen & Katz, File, Chapter 11, Title 11, United States Code, Latham & Watkins, RSA, AlixPartners, The Company, Patient, Interruption, Ordinary course of business, Court, United States bankruptcy court, Guggenheim Partners, Nursing, Security (finance), Mallinckrodt

DUBLIN, Aug. 30, 2023 /PRNewswire/ -- Mallinckrodt plc (OTCMKTS: MNKTQ) ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today announced that it has received approvals from the U.S. Bankruptcy Court for the District of Delaware for its "First Day" motions related to the Company's voluntary Chapter 11 petitions filed on August 28, 2023.

Key Points: 
  • As expected, the Court granted Mallinckrodt approval to access $150 million of the $250 million of commitments for new financing it received from certain of its creditors, as well as new borrowing availability from lenders under its asset-based loans.
  • I would also like to thank our customers, vendors, suppliers and other stakeholders for their continued partnership as well as the entire Mallinckrodt team for their continued commitment."
  • Latham & Watkins LLP, Wachtell, Lipton, Rosen & Katz, Arthur Cox LLP, Richards, Layton & Finger PA, and Hogan Lovells US LLP are serving as Mallinckrodt's counsel.
  • Guggenheim Securities, LLC is serving as investment banker, and AlixPartners LLP is serving as restructuring advisor.

Mallinckrodt Receives Court Approval for "First Day" Motions to Support Ongoing Operations

Retrieved on: 
Wednesday, August 30, 2023
LLP, Bankruptcy, Partnership, Wachtell, Lipton, Rosen & Katz, File, Chapter 11, Title 11, United States Code, Latham & Watkins, RSA, AlixPartners, The Company, Patient, Interruption, Ordinary course of business, Court, United States bankruptcy court, Guggenheim Partners, Nursing, Security (finance), Mallinckrodt

DUBLIN, Aug. 30, 2023 /PRNewswire/ -- Mallinckrodt plc (OTCMKTS: MNKTQ) ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today announced that it has received approvals from the U.S. Bankruptcy Court for the District of Delaware for its "First Day" motions related to the Company's voluntary Chapter 11 petitions filed on August 28, 2023.

Key Points: 
  • As expected, the Court granted Mallinckrodt approval to access $150 million of the $250 million of commitments for new financing it received from certain of its creditors, as well as new borrowing availability from lenders under its asset-based loans.
  • I would also like to thank our customers, vendors, suppliers and other stakeholders for their continued partnership as well as the entire Mallinckrodt team for their continued commitment."
  • Latham & Watkins LLP, Wachtell, Lipton, Rosen & Katz, Arthur Cox LLP, Richards, Layton & Finger PA, and Hogan Lovells US LLP are serving as Mallinckrodt's counsel.
  • Guggenheim Securities, LLC is serving as investment banker, and AlixPartners LLP is serving as restructuring advisor.

When Lightning Strikes: How Business Can Protect Its Bottom Line

Retrieved on: 
Monday, April 24, 2023
Professional Services, Small Business, Commercial Building & Real Estate, Construction & Property, Insurance, Harger, Insurance Information Institute, Telephone, Structural Damage, Luigi, Risk, LPI, Lightning, Interruption, National Small Business Week, SBA, Fire, Property insurance, Risk management

Properly installed lightning protection systems include utilizing a certified lightning protection contractor and a third-party inspection program.

Key Points: 
  • Properly installed lightning protection systems include utilizing a certified lightning protection contractor and a third-party inspection program.
  • Surge protection alone does not protect against the damage of a direct lightning strike.
  • Installing a complete lightning protection system which includes surge suppression will protect a business from the impact of lightning.
  • But smart entrepreneurs also recognize insurance and risk mitigation are essential elements to an overall business plan,” said Kevelighan.

IMG Named a Top Travel Insurance Company by Forbes Advisor

Retrieved on: 
Tuesday, May 10, 2022
International Medical Group (Uganda), Insurance, Student, Policy, Death, Travel, IMG, Interruption, Mind, LX, Industry, Missionary, Human, Multimedia, Forbes

INDIANAPOLIS, May 10, 2022 /PRNewswire/ --International Medical Group (IMG), an award-winning global insurance benefits and assistance services company, has been recognized in two Forbes Advisor Best Of 2022 Awards categories: Best Travel Insurance Companies Of 2022 and Best 'Cancel For Any Reason' Travel Insurance of 2022."

Key Points: 
  • INDIANAPOLIS, May 10, 2022 /PRNewswire/ --International Medical Group (IMG), an award-winning global insurance benefits and assistance services company, has been recognized in two Forbes Advisor Best Of 2022 Awards categories: Best Travel Insurance Companies Of 2022 and Best 'Cancel For Any Reason' Travel Insurance of 2022."
  • "It's an honor for IMG to be recognized as one of the best travel insurance companies in the market," said Grant Hayes, IMG Director of International Sales Travel.
  • Forbes Advisor evaluated a total of 46 travel insurance plans to determine the best options in the market and used data provided by Squaremouth, a travel insurance comparison provider.
  • The preeminent provider of travel and health safety solutions, IMG offers a wide range of insurance programs, including international private medical insurance, travel medical insurance, and travel insurance, as well as enterprise services, including insurance administrative services and 24/7 emergency medical, security, and travel assistance.

IMG Named a Top Travel Insurance Company by Forbes Advisor

Retrieved on: 
Tuesday, May 10, 2022
International Medical Group (Uganda), Insurance, Student, Policy, Death, Travel, IMG, Interruption, Mind, LX, Industry, Missionary, Human, Forbes

"Our 'Cancel For Any Reason' coverage is an optional add-on benefit that is available to travelers on our iTravelInsured Travel LX plan," said Amanda Winkle, IMG Chief Commercial Officer. "We're seeing an increase in travelers taking advantage of this benefit when purchasing their policy, enjoying the peace of mind that comes with knowing they won't lose their entire trip investment should they need--or want--to cancel."

Key Points: 
  • INDIANAPOLIS, May 10, 2022 /PRNewswire/ --International Medical Group (IMG), an award-winning global insurance benefits and assistance services company, has been recognized in two Forbes Advisor Best Of 2022 Awards categories: Best Travel Insurance Companies Of 2022 and Best 'Cancel For Any Reason' Travel Insurance of 2022."
  • "It's an honor for IMG to be recognized as one of the best travel insurance companies in the market," said Grant Hayes, IMG Director of International Sales Travel.
  • Forbes Advisor evaluated a total of 46 travel insurance plans to determine the best options in the market and used data provided by Squaremouth, a travel insurance comparison provider.
  • The preeminent provider of travel and health safety solutions, IMG offers a wide range of insurance programs, including international private medical insurance, travel medical insurance, and travel insurance, as well as enterprise services, including insurance administrative services and 24/7 emergency medical, security, and travel assistance.

USI Affinity Travel Insurance Services Launches New Road Trip Insure Travel Protection Plan

Retrieved on: 
Thursday, April 7, 2022
Organization, IFAR, Fairfax Financial, United States Fire Insurance Company of New York, Association, Crum, Interruption, Travel, Forster, GLOBE, CFAR, Pet, USI, Insurance, Car rental

PHILADELPHIA, April 07, 2022 (GLOBE NEWSWIRE) -- USI Affinity today announced the launch of a new travel protection plan, Road Trip Insure, offered through its Travel Insurance Services division.

Key Points: 
  • PHILADELPHIA, April 07, 2022 (GLOBE NEWSWIRE) -- USI Affinity today announced the launch of a new travel protection plan, Road Trip Insure, offered through its Travel Insurance Services division.
  • USI Affinity Travel Insurance Services is pleased to meet the travel protection needs of this growing market with a travel protection plan that is custom-tailored for this unique form of travel.
  • The new plan also offers standard travel insurance benefits travelers have come to expect from a travel protection plan, such as Trip Cancellation, Trip Interruption, Travel Delay, Emergency Accident & Sickness Medical Expense, Emergency Medical Evacuation & Repatriation of Remains.
  • For additional information on Road Trip Insure, offered through USI Affinity Travel Insurance Services, visit my.travelinsure.com/roadtripinsure .

Buenaventura Announces Second Quarter and Six Month 2020 Results

Retrieved on: 
Friday, July 31, 2020
Mining, Minerals, Natural Resources, Uchucchacua, Mining, Compañia de Minas Buenaventura, Academic disciplines, Forward-looking statement, Interruption, Human behavior

The phone number provided will be automatically called and connected to the conference without any interruption to the participant.

Key Points: 
  • The phone number provided will be automatically called and connected to the conference without any interruption to the participant.
  • (Please note: Participants will be joined directly to the conference and will hear hold music until the call begins.
  • Buenaventura currently operates several mines in Peru: Orcopampa*, Uchucchacua*, Mallay*, Julcani*, El Brocal, La Zanja and Coimolache, and is developing the Tambomayo project.
  • Actual results could differ materially from those projected in the forward-looking statements as a result of a variety of factors discussed elsewhere in this Press Release.

Best’s Commentary: Social Inflation May Affect COVID-19 Business Interruption Losses

Retrieved on: 
Tuesday, March 31, 2020
Insurance, Professional services, Economy, Types of insurance, Finance, Money, Insurance, Insurance industry, Business interruption insurance, Interruption, BI

With business operations dramatically interrupted by the COVID-19 virus outbreak, questions have arisen about the extent of business interruption (BI) coverage.

Key Points: 
  • With business operations dramatically interrupted by the COVID-19 virus outbreak, questions have arisen about the extent of business interruption (BI) coverage.
  • A new AM Best commentary states that the complexity of business interruption insurance may prove to be a boon for attorneys as insureds and insurers disagree about coverage.
  • The Bests Commentary, titled, Social Inflation May Affect COVID-19 Business Interruption Losses, states that insurers likely will continue to suffer potential BI and related contingent business interruption (CBI) losses until the COVID-19 situation abates.
  • If the majority of COVID-19 business economic losses are left uncovered by the primary market, it is possible the U.S. government could create a federal backstop.