Legal
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The action opens up a new front in the war between disgruntled BI policy holders and carriers.
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Law firm Mishcon de Reya also targets additional compensation due to pay-out “delays”. -
Argo has consented to a cease-and-desist order and will pay a $900,000 civil penalty.
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A bill circulating in Congress would make the industry retain the first $250mn of pandemic risk, a proposal that has split industry opinion.
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A presidential ambition to designate Antifa as a terrorist organisation faces hurdles.
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Campaigners say ‘Totus Re’ model based on pools for terror and flood could close protection gap.
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CEO Buberl says the carrier has struck deals with 200 customers but will appeal a ruling about a Parisian restaurant payout.
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In court documents, the defence company says Aon failed to provide sufficient claims notification advice.
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The litigants warn the regulator’s case could delay a final decision by months.
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The regulator sets out the process agreed with eight insurers.
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The late July High Court hearing will also involve Arch, Argenta and QBE.
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The insurer wrote an excess casualty policy for the ride-share company in 2014.
