Legal
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The ICA welcomed the step closer to clarity, after insurers lost the first BI test case over the interpretation of the Quarantine Act.
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Berenberg believes EUR3.5bn would be a manageable loss for the insurer and estimates that it would be earned back in well under a year, but a EUR6.8bn loss would be more challenging.
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The broker also filed a lawsuit against Goode, Honeycutt, Forst, Rice, Lee and Keenan as individual defendants.
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A judge found no evidence Mike Harden unlawfully solicited colleagues who “did not want to work for an Aon-controlled organisation”.
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The insurer has agreed to indemnify physios who closed their premises in order to comply with Covid-19 guidance from medical bodies.
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Huge disputes over aggregation of claims and ongoing coverage disputes point to uncertain overall exposures.
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The DoJ was given a deadline to provide Aon’s lawyers with pertinent evidence collected from third parties during its investigation into the $30bn mega-merger.
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Leisure broker NDML said the settlement was an ‘initial figure’, with more claims yet to be finalised.
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Judge orders Marsh to stop poaching; prevents 3 top execs from working for Marsh for months amid the hiring dispute.
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Aon will have to wait until November at the earliest to argue the case in Federal Court for its $30bn merger with Willis Towers Watson.
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The London-listed carrier has paid 384 claims of £49,000 each on average.
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Miami-Dade Circuit Judge Michael Hanzman warned of an "allocation issue" between those who have lost loved ones, and those "lucky enough" to have only lost property.
