June, 2023

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“Bang” Goes the Gavel: Ownership of Social Media Accounts

Hunton Andrews Kurth

In granting a summary judgment motion on June 16, 2023, the Southern District of Florida Bankruptcy Court developed a new framework to determine the ownership rights to a corporate social media account. The court found that Vital Pharmaceuticals, the manufacturer and seller of “Bang” energy drinks, is the rightful owner of three social media accounts used to market Vital’s products, rather than the company’s former CEO who often posted to the accounts.

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2024 Health Plan Renewal Perspective

Scott Insurance

As we have reached the year’s midpoint, employers are increasingly focusing on their upcoming 2024 health plan renewals. Numerous factors contribute to the renewal rates and overall costs of health plans, and this year, employers may experience higher premiums than in the recent past due to ongoing COVID-19-related impacts and general inflation, among other factors.

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What is causing the home insurance rate increase?

Relation

The home insurance rate increase is stemming from the perfect storm of market trends that have driven up the cost of building homes — and with it the cost of insuring them for repair and replacement. More severe weather There have been 18 weather/climate disaster events in the U.S. in 2021 with losses exceeding $1 […] The post What is causing the home insurance rate increase?

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Annuity Awareness Month 2023

Brokers’ Service Marketing Group

Annuity rates have seen unprecedented increases in the past year. Now is a great time to take advantage of the best rates we have seen in a generation despite markets being relatively flat after a year of extreme volatility. For more details, check out the infographic below.

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The Benefits of a Vendor’s Single Interest Policy, According to AI

Unitas Financial Services

It seems like all anyone can talk about these days is AI (artificial intelligence), and for good reason. AI is at the forefront of helping companies across many industries streamline and improve efficiency. So, it was no surprise when we asked ChatGPT about the benefits of a vendor’s single interest policy that the response was spot-on.

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The 2023 Hurricane Season Outlook

Risk Management Monitor

Atlantic hurricane season officially began recently, kicking off a disaster season that will run from June 1 through November 30. According to predictions from the National Oceanic and Atmospheric Administration (NOAA), the 2023 hurricane season will consist of 12 to 17 named storms, five to nine hurricanes and one to four major hurricanes. This falls into a fairly average range, but “average” is a bit unusual under the conditions currently emerging around the season. “The upco

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What is an instant life insurance policy?

QuickQuote

Although it’s best to buy coverage before you need it, there are times when you might need an immediate life insurance policy. Finding no medical exam life insurance isn’t as easy as a traditional policy, but it’s not impossible. Instant life insurance coverage might not be ideal for everyone. Before committing, it’s essential to verify. The post What is an instant life insurance policy?

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Second Circuit Approves Nonconsensual Third-Party Release in Purdue Pharma Case: Where Do Third Party Releases Stand Now?

Hunton Andrews Kurth

In an anticipated decision, on May 30, 2023, the Second Circuit Court of Appeals issued its decision approving a Chapter 11 plan’s inclusion of a nonconsensual release of direct claims against non-debtor third parties. Purdue Pharma LP v. City of Grand Prairie (In re Purdue Pharma LP) , No. 22-110 (2d Cir. May 30, 2023). The facts of the Purdue Pharma bankruptcy case are well known.

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FTC Issues Proposed Order Against Home Security Camera Company Ring

Hunton Andrews Kurth

As reported on Hunton’s Privacy and Information Security Law Blog , on May 31, 2023, the Federal Trade Commission announced a proposed order against home security camera company Ring LLC (“Ring”) for unfair and deceptive acts or practices in violation of Section 5 of the FTC Act. According to the FTC’s complaint , Ring allegedly made false or misleading representations that it took reasonable steps to ensure that Ring home security cameras are a secure means to monitor private areas of cons

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Unprecedented Wildfires Devastate Canada, Leave Eastern U.S. Blanketed in Smoke

Risk Management Monitor

Wildfire season has started two months early in Canada, and the devastating scale of the blazes is already unprecedented. Over 400 fires have caused roughly 10 million acres of burn damage so far, and have blanketed a wide swath of North America in smoke, creating orange skies and toxic levels of air pollution for communities all the way from Canada to the Southeastern United States.