Legal
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The insurer predicts there will be some release from its provision, but it will happen over time and is subject to court proceedings. -
Policy holders The Taphouse Townsville and LCA Marrickville, and insurer IAG have each filed applications for special leave to appeal to the Australian High Court.
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The findings of the Corbin & King case could have both widened coverage and increased the aggregate businesses can claim.
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Colombian authorities said that Carpenter Marsh collaborated throughout the investigation and received a 50% discount on the fine.
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The executive said that, in many cases, reinsurance contract wordings had not been tested for Covid recoveries.
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Multiple interlocking dependencies will determine whether huge potential claims from leasing companies are ultimately paid.
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The start-up said its survey shows that SPAC and de-SPAC claims would drive increasing litigation throughout 2022.
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The 30-person team move represented the latest raid from the UK-headquartered broker on Marsh McLennan.
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The court upheld decisions made in October, although it reversed some elements of the case between IAG and Meridian Travel.
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The insurer will now seek an investigation into the impact of the information misuse.
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With a Bermuda court ruling still pending over the firm’s proposed buy-out, Markel has negotiated a deal to counter US litigation.
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The ruling means the insurer will experience a significant favourable impact on previously booked reserves.
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