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Insights

Pension Plan Limitations for 2016: "What is Old is New Again"

As recently announced by the Internal Revenue Service, most of the annual dollar limitations relating to pension and other retirement plans will not be changing for 2016. In addition, the Social Security Administration has determined that the 2016…

The FAST Act: Regulatory Relief for Financial Institutions

On December 4, 2015, President Obama signed a highway bill, the “Fixing America’s Surface Transportation Act” (the FAST Act). Tacked onto this bill were numerous amendments to banking, securities, and housing laws that are intended to provide…

Waiver of Suretyship Defenses - Not a Sure Thing?

A “surety” is generally known as one who agrees to be liable for the debts or contractual obligations of another. Lenders and borrowers often rely on sureties to act as guarantors to assure or guaranty that a borrower will fulfill its obligations to…

Cybersecurity Insurance Policies May Not Provide Expected Coverage

Companies purchase cybersecurity insurance policies to cover financial losses from cyber threats. However, such insurance policies may not provide the expected coverage. BitPay recently incurred such a loss, but its insurance carrier refused…