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...ies such as AIG, which understand foreign markets. FREE TRADE AND THE WORLD I...res: Auto, Health, Marine, Products Liability, Workers' Compensation, and so f...

... versus foreign production is ... General Liability ...

...may find the E&O concept somewhat foreign because they typically don’t d...

... . For example, AIG has extended its expertise in financial banking to U.S. corporate clients that do business in Asia but find their U.S. bankers unwilling to take the risk of providing financing abroad. Similarly, many IMMS members are large surety brokers with a wealth of expertise and knowledge of their corporate clients. They can extend this expertise internationally by working with companies such as AIG, which understand foreign markets. FREE TRADE AND THE WORLD INSURANCE MARKET The U.S. Canadian Free Trade Agreement has accelerated the growth of Canadian firms into the United States, while mid-sized U.S. firms have expanded into Canada. There has been some growth in Mexico but not to the extent experienced in Canada and the U.S. Anticipating passage of the Free Trade Agreement, many companies began to position themselves in the Canadian market ... the early 1980s. They saw Canada as an entry-point for export into the United States because Canadian laws are less punitive, particularly in the areas of product liability. Many of these firms are insured by the multinational alphabet-house brokers who provide extensions of coverage from a master program established in Europe or Japan. A few IMMS members have succeeded in meeting some of the essential insurance requirements in such lines as Products Liability through major insurers in Canada, particularly those with operations in the United States. Agents have been able to access U.S. insurers that frequently include Canadian exposures under their U.S. coverage. European insurers are following their European manufacturing accounts into North America. Canadian brokers and U.S. agents are involved in placing insurance in Canada or the United States on behalf of the European insurers and their clients ...

... by the traditionally narrow considerations of only those perils addressed by standard commercial insurance policies. Significant crisis perils to be considered include, but are not limited to the following: fire, flood, earthquake, severe windstorm, building collapse, workplace violence, product contamination, death and torts. Less traditional, but potentially severe exposures, include kidnap, embezzlement, theft, disability, appropriation of assets (foreign or domestic), product extortion or product recall. Some organizations have not survived the adverse publicity following a serious product liability loss and/or recall situation. 5.2 Unique Loss Vulnerability Identification Even more important than the mere potential of crises is the unique exposure vulnerability susceptibility which adversely impacts and influences loss magnitude. Frequently the quickest and most simple way to identify a critical vulnerability exposure is by using ... and categorized as to severity as follows: Magnitude I (Minimum Severity) Magnitude I loss is one that is easily manageable within the risk-bearing capacity of the organization. For example: fire at a production location that does not result in significant asset loss or business interruption. Other examples include an accident involving a company vehicle resulting in injuries and establishment of disability reserves or adverse legal judgement in a product liability case. Magnitude II A Magnitude II loss can be defined as one with a significant impact of life safety, revenue and existing assets, but without the major threat to the financial stability Of the organization. For example: a major fire resulting in significant damage to the contents and structure of a manufacturing facility. A Magnitude II loss would affect no more than 50% of the revenues. ...

...coverage they might want, such as foreign uninsured motorist coverage, absent ...red in other types of policies. All liability policies the agent has should be...

... to those factors, and implement and monitor the agreed procedures. A risk management analysis will consider all aspects of the operation including: cash management; just-in-time' inventory management; availability of alternate suppliers; key customers; key facilities, equipment, and people; computer dependence; valuable papers, designs, and intellectual property; quality control; loss prevention to real and personal property; transit exposures; foreign contract evaluation; internal and external crime audit; product liability; hiring and firing practices; safety committee review; employee and public safety; automobile and fleet safety; directors, officers and fiduciary responsibilities; product tampering; extortion; kidnap and ransom; credit risk, claims and self-insurance monitoring; claim funding alternatives; environmental hazards; effects of marketing cycles; and effects of new legislation. This ... can be expanded to reflect the client's own concerns and to include newly identified risks. These topics could form the core of a typical risk management analysis. It should be evident that a supplier will be unable to deliver an integrated, comprehensive review, and that insurance consultants will be too narrowly focused. After considering identified exposures and agreeing on the best methods to address them, review existing and future insurance needs. The industry delivery system was created 100 years ago, and the selling of products has changed little since then. There's some justification for this lack of innovation. The legal system, which will always have the last word on a policy's intent and performance, has specific interpretations from which insurers deviate at their peril. A knowledgeable in-house professional or risk-management consultant should be on hand to interpret ...

...bited' shareholders means that no foreigners may be shareholders, other 'C' co...or assets swap has the same tax and liability advantages for the acquiring fir...

...s and is required to qualify as a foreign corporation with full power and auth...unconditional without regard to the liability of any other party. Each and eve...

... will continue beyond termination of employment for any reason by the Company, but if Signator is called upon for such assistance after termination of employment, Signator is entitled to fair and reasonable fee in addition to reimbursement of any expenses incurred at the request of the Company. 8. Patent Application. Company agrees to pay all expenses in connection with the preparation and prosecution of patent applications in the and all foreign countries wherein Company may desire to obtain patents. Company agrees to pay Signator a cash award of upon execution by Signator of application for United States Letters Patent for such invention or improvement and issuance of a patent on said application, together with an assignment thereof to Company. Excepted from this Agreement are inventions or improvements relating to Company business made by Signator before commencement of this employment by Company which ... was used and that was developed entirely on Signator's own time and: that does not relate to Company's business or to Company's actual demonstrably anticipated research or development or; that does not result from work performed for Company. Signator hereby assigns to Company all releases and discharges Company, any affiliate of Company and their respective officers, directors and employees, from and against any and all claims, demands, liabilities, costs, and expenses of Signator arising out of, or relating to, any Propriety Information. 7. Execution of Instruments. During employment by Company, upon request and without compensation other than as herein provided but at no expense to Signator, Signator shall execute any documents and take any action Company may deem necessary or appropriate to effectuate the provisions of this Agreement, including without limitation assisting ...