Legal
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The law would make it harder for attorneys to use contingency risk multiplier fees.
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Investors filed the proposed securities class action last March following the delisting of $1.2bn in preferred shares.
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Insurers have since April 2018 been expected to have a board diversity policy.
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Incumbent Joe Gunset will take an advisory role at McGlinchey Stafford after leaving the Corporation at the end of March.
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Bruce Lucas said the decline was “pretty material”.
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The deal boosts Fema’s total reinsurance cover to $2.53bn.
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The resort’s owner said it had settled its dispute with XL, Lloyd’s underwriters and US Fire over a Hurricane Irma claim.
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Ricardo Lara is accused of withholding information concerning his meetings with industry executives.
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The carriers claim in a lawsuit that Maiden wrongfully stopped paying claims in late 2018.
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In an unrelated incident, another Erie employee was dismissed over criminal charges involving invasion of privacy.
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Current rules allow lawyers in some insurance cases to collect up to 30 times what an insured is awarded for a claim.
Most Recent
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Daily Digest: Top news from 16 June
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13 June 2025