Legal
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Some had argued that the definition of occurrence used by judges could make it harder for insurers to aggregate treaty claims.
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The government releases further detail about the new claims portal for low-value road traffic accidents.
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Allianz, IAG, Chubb and Swiss Re Corporate Solutions have filed pleadings in the Federal Court.
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Changes to the matching adjustment and risk margin would unleash funds that could be invested in renewables, the organisation says.
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The organisation charts record progress in meeting its seven key principles.
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The ratings agency downplays concerns centered on probable UK changes to the risk margin.
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The decision removes the risk of a “cliff edge” when temporary leeway according in the Brexit trade deal expires later this year.
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The central bank governor says Brussels is wrong to insist UK rules shouldn’t change independently of the EU.
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The broker association’s CEO says Brexit speaks to the need for a lighter rulebook.
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The Australian carrier has also modestly increased its reserves for Covid-19 BI claims.
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The government removes a previous cap of 49% in its budget.
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The ratings agency foresees no “material effect” on the capital or earnings of UK commercial property insurers following the Supreme Court ruling.