Legal
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The UK watchdog has also required the accounting firm to report back on 2018 audits of insurance undertakings.
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The decision is the first judicial guidance about how primary carriers must present such liabilities.
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The bill, which will now be debated by the full Senate, aligns with a House version of the proposed benefits crackdown.
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Arguments were held Monday before the US Supreme Court in a case that could open the door to more lawsuits and D&O claims.
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The regulator also becomes the first supervisor to lay out expectations for managing and disclosing climate change risk.
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A firming D&O market is making insurers think twice about granting activism-related coverage extensions.
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Indian carriers must continue to cede 5 percent of each policy they write to GIC.
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The legislation would limit attorney fees in AOB cases, and would allow insurers to sell AOB-exempt cover.
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A woman alleged she was fired from Aon for airing grievances about sexual harassment. -
The regulator sounds a general warning bell following work which honed in on travel, tradesman and motor purchase add-on insurance.
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The committee approved Florida SB 714 in a 7-10 vote Monday.
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Plaintiffs were “satisfied” with the settlement, according to legal filings.
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