--- title: Audit, Compliance and Risk Blog | STP | Insurance description: Insurance | STP's blog giving insight into audit, compliance and risk issues for EHS, business and accounting. --- [![Specialty Technical Publishers](https://blog.stpub.com/hubfs/STP-logo-white-orange.png)](http://www.stpub.com/) - [My Account](http://stponline.stpub.com) - 1-800-251-0381 # Audit, Compliance and Risk Blog ## [If You’re In A Flood Zone, Your Insurance Options May Be Changing](https://blog.stpub.com/if-youre-in-a-flood-zone-your-insurance-options-may-be-changing) Posted by [Jon Elliott](https://blog.stpub.com/author/jon-elliott) on Tue, Apr 16, 2019 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hubfs/Flooding-1.jpg) ](https://blog.stpub.com/if-youre-in-a-flood-zone-your-insurance-options-may-be-changing) Millions of people live and work in flood-prone areas, and rely on federal insurance to facilitate their activities. The Federal Emergency Management Agency (FEMA) administers the National Flood Insurance Program (NFIP), under which FEMA defines which flood-prone areas qualify for insurance. In March, FEMA announced plans to change its definitions and underwriting; meanwhile legislation has been introduced in Congress to change NFIP. Depending how these changes turn out, thousands of locations will gain or lose eligibility, and the costs of NFIP insurance could change considerably. As climate change exacerbates the likelihood and severity of floods, the importance of these changing provisions grows – for participants and for the general tax-paying public who often end up subsidizing them. [Read More](https://blog.stpub.com/if-youre-in-a-flood-zone-your-insurance-options-may-be-changing) 0 Comments [Click here to read/write comments](https://blog.stpub.com/if-youre-in-a-flood-zone-your-insurance-options-may-be-changing#comments-listing) Tags: [Business & Legal](https://blog.stpub.com/topic/business-legal), [Environmental risks](https://blog.stpub.com/topic/environmental-risks), [Environmental](https://blog.stpub.com/topic/environmental), [Insurance](https://blog.stpub.com/topic/insurance), [Insurance Claims](https://blog.stpub.com/topic/insurance-claims) ## [Buyer’s Guide to Active Shooter Coverage](https://blog.stpub.com/buyers-guide-to-active-shooter-coverage) Posted by [STP Editorial Team](https://blog.stpub.com/author/stp-editorial-team) on Tue, May 30, 2017 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hubfs/images/Police%20tape-1.jpg) ](https://blog.stpub.com/buyers-guide-to-active-shooter-coverage) *By Paul Marshall and Karen Masullo* [Read More](https://blog.stpub.com/buyers-guide-to-active-shooter-coverage) 0 Comments [Click here to read/write comments](https://blog.stpub.com/buyers-guide-to-active-shooter-coverage#comments-listing) Tags: [Workplace violence](https://blog.stpub.com/topic/workplace-violence), [Insurance](https://blog.stpub.com/topic/insurance), [Insurance Claims](https://blog.stpub.com/topic/insurance-claims) ## [Director’s Liability Insurance Does Not Cover Personal Guarantee Given By Director](https://blog.stpub.com/directors-liability-insurance-does-not-cover-personal-guarantee-given-by-director) Posted by [Ron Davis](https://blog.stpub.com/author/ron-davis) on Thu, Jul 14, 2016 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hubfs/images/Gavel_2.jpg) ](https://blog.stpub.com/directors-liability-insurance-does-not-cover-personal-guarantee-given-by-director) In *Great American Insurance Co. v. Ramsoondar* (2016 ABQB 73), the Alberta Court of Queen’s Bench was asked to declare that a director and officer liability insurance policy did not cover the losses claimed against *Fredy v. Ramsoondar* pursuant to a personal guarantee he granted to Faunus Group Inc. (FGI), a client of United Protection Services Inc. (UPSI). UPSI was a wholly owned subsidiary of United Protection Services Group Inc. (UPSG), and UPSG obtained a director and officer liability policy from Great American Insurance Co., and listed Ramsoondar as its chief financial officer on the policy. [Read More](https://blog.stpub.com/directors-liability-insurance-does-not-cover-personal-guarantee-given-by-director) 1 Comment [Click here to read/write comments](https://blog.stpub.com/directors-liability-insurance-does-not-cover-personal-guarantee-given-by-director#comments-listing) Tags: [Insurance](https://blog.stpub.com/topic/insurance), [Insurance Claims](https://blog.stpub.com/topic/insurance-claims), [Canadian](https://blog.stpub.com/topic/canadian), [directors](https://blog.stpub.com/topic/directors), [directors & officers](https://blog.stpub.com/topic/directors-officers) ## [Super Priority Charge Over Insolvent Corporation’s Assets Despite Existing Insurance Coverage](https://blog.stpub.com/super-priority-charge-over-insolvent-corporations-assets-despite-existing-insurance-coverage) Posted by [Ron Davis](https://blog.stpub.com/author/ron-davis) on Tue, Mar 01, 2016 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-1647083359-jpg/images/Ontario_court.jpg) ](https://blog.stpub.com/super-priority-charge-over-insolvent-corporations-assets-despite-existing-insurance-coverage) The Ontario Superior Court of Justice issued an initial order in an insolvency proceeding under the Companies’ Creditors Arrangement Act (CCAA) providing a $3.1 million director’s charge even though the directors were covered by an existing D&O liability insurance policy and indemnities from the company (*Re P.T. Holdco Inc.*, 2016 ONSC 495). The CCAA proceedings involved various corporate entities involved in the Primus telecommunications service business in Canada and the United States. Primus’ business was failing and it had arranged to sell its business to another company and wished to use the CCAA to finalize the sale and distribute the sale assets while its creditors were stayed from enforcing their claims. [Read More](https://blog.stpub.com/super-priority-charge-over-insolvent-corporations-assets-despite-existing-insurance-coverage) 0 Comments [Click here to read/write comments](https://blog.stpub.com/super-priority-charge-over-insolvent-corporations-assets-despite-existing-insurance-coverage#comments-listing) Tags: [Corporate Governance](https://blog.stpub.com/topic/corporate-governance), [Insurance](https://blog.stpub.com/topic/insurance), [Canadian](https://blog.stpub.com/topic/canadian), [directors](https://blog.stpub.com/topic/directors), [directors & officers](https://blog.stpub.com/topic/directors-officers) ## [Mold Damage Insurance Claim: When It Doesn’t All Come Out in the Wash](https://blog.stpub.com/bid/197167/Mold-Damage-Insurance-Claim-When-It-Doesn-t-All-Come-Out-in-the-Wash) Posted by [Barry Zalma](https://blog.stpub.com/author/barry-zalma) on Wed, May 14, 2014 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-711738213-jpg/images/washing_machine_cropped.jpg) ](https://blog.stpub.com/bid/197167/Mold-Damage-Insurance-Claim-When-It-Doesn-t-All-Come-Out-in-the-Wash) In February 2014, the U.S. Supreme Court declined to take up a closely-watched legal battle concerning claims against manufacturers and retailers of front-loading washing machines accused of causing [mold](http://www.stpub.com/mold-a-comprehensive-claims-guide-online) infestations. [Read More](https://blog.stpub.com/bid/197167/Mold-Damage-Insurance-Claim-When-It-Doesn-t-All-Come-Out-in-the-Wash) 1 Comment [Click here to read/write comments](https://blog.stpub.com/bid/197167/Mold-Damage-Insurance-Claim-When-It-Doesn-t-All-Come-Out-in-the-Wash#comments-listing) Tags: [Business & Legal](https://blog.stpub.com/topic/business-legal), [Insurance](https://blog.stpub.com/topic/insurance), [Insurance Claims](https://blog.stpub.com/topic/insurance-claims), [mold](https://blog.stpub.com/topic/mold) ## [Understanding Insurance Law: ERISA Has No Limitation of Suit Provision](https://blog.stpub.com/bid/196565/Understanding-Insurance-Law-ERISA-Has-No-Limitation-of-Suit-Provision) Posted by [Barry Zalma](https://blog.stpub.com/author/barry-zalma) on Wed, Apr 16, 2014 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-670054371-jpg/images/insurance1.jpg) ](https://blog.stpub.com/bid/196565/Understanding-Insurance-Law-ERISA-Has-No-Limitation-of-Suit-Provision) Bridget Gordon (“Gordon”) appealed a district court’s summary judgment in favor of Deloitte & Touche, LLP Group Long Term Disability Plan (the “Plan”), which is insured by Metropolitan Life Insurance Company (“MetLife”). The summary judgment was granted based on Gordon’s failure to file the action within the applicable limitation period. In *[Bridget Gordon, Plaintiff v. Deloitte & Touche, LLP Group Long Term Disability Plan](http://caselaw.findlaw.com/us-9th-circuit/1663208.html?DCMP=NWL-pro_insurance)*, No. 12–55114, United States Court of Appeals, Ninth Circuit (April 11, 2014) the Ninth Circuit Court of Appeal was called upon to determine what statute of limitation, if any, applies to an ERISA claim. [Read More](https://blog.stpub.com/bid/196565/Understanding-Insurance-Law-ERISA-Has-No-Limitation-of-Suit-Provision) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/196565/Understanding-Insurance-Law-ERISA-Has-No-Limitation-of-Suit-Provision#comments-listing) Tags: [disability claim denied](https://blog.stpub.com/topic/disability-claim-denied), [Corporate Governance](https://blog.stpub.com/topic/corporate-governance), [Business & Legal](https://blog.stpub.com/topic/business-legal), [Employer Best Practices](https://blog.stpub.com/topic/employer-best-practices), [Employee Rights](https://blog.stpub.com/topic/employee-rights), [Insurance](https://blog.stpub.com/topic/insurance), [Insurance Claims](https://blog.stpub.com/topic/insurance-claims), [Disability benefits](https://blog.stpub.com/topic/disability-benefits) ## [Construction Litigation: No Privity No Suit](https://blog.stpub.com/bid/195172/Construction-Litigation-No-Privity-No-Suit) Posted by [Barry Zalma](https://blog.stpub.com/author/barry-zalma) on Wed, Mar 12, 2014 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-567352268-jpg/images/condo_construction.jpg) ](https://blog.stpub.com/bid/195172/Construction-Litigation-No-Privity-No-Suit) People who are victims of a construction defect will seek as many defendants as possible to recover the costs of repairing and replacing the defects. Sometimes they will file one suit naming every possible defendant. Other times they will attempt to file separate suits against the various categories of defendants thinking it best to divide the defendants and then conquer them independently and thereby avoid excessive litigation costs. [Read More](https://blog.stpub.com/bid/195172/Construction-Litigation-No-Privity-No-Suit) 2 Comments [Click here to read/write comments](https://blog.stpub.com/bid/195172/Construction-Litigation-No-Privity-No-Suit#comments-listing) Tags: [Corporate Governance](https://blog.stpub.com/topic/corporate-governance), [Business & Legal](https://blog.stpub.com/topic/business-legal), [Health & Safety](https://blog.stpub.com/topic/health-safety), [Insurance](https://blog.stpub.com/topic/insurance), [Insurance Claims](https://blog.stpub.com/topic/insurance-claims) ## [Insurance Law: Public Adjusters: Proceed with Caution](https://blog.stpub.com/bid/193769/Insurance-Law-Public-Adjusters-Proceed-with-Caution) Posted by [Viola Funk](https://blog.stpub.com/author/viola-funk) on Tue, Feb 11, 2014 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-499077404-jpg/images/hurricane_sandy.jpg) ](https://blog.stpub.com/bid/193769/Insurance-Law-Public-Adjusters-Proceed-with-Caution) When filing insurance claims for cases involving extensive damage, consumers sometimes choose to hire a public adjuster (PA) to help them submit the claim to their insurer. The PA handles every detail of the claim, working closely with the policyholder and the insurer to obtain a prompt and reasonable settlement. [Read More](https://blog.stpub.com/bid/193769/Insurance-Law-Public-Adjusters-Proceed-with-Caution) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/193769/Insurance-Law-Public-Adjusters-Proceed-with-Caution#comments-listing) Tags: [Corporate Governance](https://blog.stpub.com/topic/corporate-governance), [Business & Legal](https://blog.stpub.com/topic/business-legal), [Insurance](https://blog.stpub.com/topic/insurance), [Insurance Claims](https://blog.stpub.com/topic/insurance-claims) ## [Canadian Oil Industry—Liability Insurance for Rail vs. Pipeline](https://blog.stpub.com/bid/193255/Canadian-Oil-Industry-Liability-Insurance-for-Rail-vs-Pipeline) Posted by [STP Editorial Team](https://blog.stpub.com/author/stp-editorial-team) on Wed, Jan 29, 2014 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-480392646-jpg/images/oil_pipe.jpg) ](https://blog.stpub.com/bid/193255/Canadian-Oil-Industry-Liability-Insurance-for-Rail-vs-Pipeline) Canadian regulators are focusing their attention on facilitating development in the oil and gas industry, and they are also increasing the accountability of operators. Significantly, environmental liability insurance requirements are expected to increase for both pipeline and railway operators, reducing the extent to which governments and taxpayers cover the costs of cleanup and other damages caused by spills and accidents. [Read More](https://blog.stpub.com/bid/193255/Canadian-Oil-Industry-Liability-Insurance-for-Rail-vs-Pipeline) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/193255/Canadian-Oil-Industry-Liability-Insurance-for-Rail-vs-Pipeline#comments-listing) Tags: [Business & Legal](https://blog.stpub.com/topic/business-legal), [Environmental risks](https://blog.stpub.com/topic/environmental-risks), [Environmental](https://blog.stpub.com/topic/environmental), [Oil & Gas](https://blog.stpub.com/topic/oil-gas), [Insurance](https://blog.stpub.com/topic/insurance), [Insurance Claims](https://blog.stpub.com/topic/insurance-claims), [Transportation](https://blog.stpub.com/topic/transportation), [Canadian](https://blog.stpub.com/topic/canadian) ## [Understanding Insurance Law & Mold: Winning Damages for Loss & Injury](https://blog.stpub.com/bid/190049/Understanding-Insurance-Law-Mold-Winning-Damages-for-Loss-Injury) Posted by [Viola Funk](https://blog.stpub.com/author/viola-funk) on Tue, Nov 12, 2013 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-374510946-jpg/images/apartment_block.jpg) ](https://blog.stpub.com/bid/190049/Understanding-Insurance-Law-Mold-Winning-Damages-for-Loss-Injury) A recent case in British Columbia’s Supreme Court illustrates the difficulty of winning damages for loss and injury attributed to [mold](http://www.stpub.com/identifying-mold). [Read More](https://blog.stpub.com/bid/190049/Understanding-Insurance-Law-Mold-Winning-Damages-for-Loss-Injury) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/190049/Understanding-Insurance-Law-Mold-Winning-Damages-for-Loss-Injury#comments-listing) Tags: [Business & Legal](https://blog.stpub.com/topic/business-legal), [Environmental](https://blog.stpub.com/topic/environmental), [Insurance](https://blog.stpub.com/topic/insurance), [Insurance Claims](https://blog.stpub.com/topic/insurance-claims), [mold](https://blog.stpub.com/topic/mold) [All posts](https://blog.stpub.com/all) [Next](https://blog.stpub.com/topic/insurance/page/2) ### Follow Me ### Subscribe by Email ### Browse by Topic Area - [Accounting & Tax ](https://blog.stpub.com/topic/accounting-tax) - [Business & Legal ](https://blog.stpub.com/topic/business-legal) - [Corporate Governance  ](https://blog.stpub.com/../?Tag=Corporate+Governance) - [Environmental ](https://blog.stpub.com/../?Tag=Environmental) - [Global ](https://blog.stpub.com/../?Tag=Global) - [Health & Safety ](https://blog.stpub.com/topic/health-safety) - [Internet ](https://blog.stpub.com/../?Tag=Internet) - [Transportation ](https://blog.stpub.com/../?Tag=Transportation) ### Browse by Tag - [Environmental (344)](https://blog.stpub.com/topic/environmental) - [Business & Legal (309)](https://blog.stpub.com/topic/business-legal) - [Environmental risks (300)](https://blog.stpub.com/topic/environmental-risks) - [Health & Safety (296)](https://blog.stpub.com/topic/health-safety) - [EPA (283)](https://blog.stpub.com/topic/epa) - [Terms & Conditions](https://stphub.stpehs.com/wp-content/uploads/2021/01/STP-Terms-of-Use-Dec-20.pdf) - [Privacy Policy](https://stphub.stpehs.com/wp-content/uploads/2020/12/STP-Privacy-Policy.pdf) - [License Agreement](https://stphub.stpehs.com/wp-content/uploads/2021/01/STP-License-Agreement-Dec-20.pdf) - [Sitemap](http://stpub.com/sitemap) - [Support](http://stpub.com/support) © 2021 STP ComplianceEHS - All rights reserved