Legal

The three-year grace period for servicing run-off books compares with leeway of up to 15 years under the equivalent UK scheme.

American broker representatives welcome clarification of the new rules.

David Bruce has been appointed CEO of the new subsidiary.

Tuesday’s House of Commons vote on Prime Minister Theresa May’s EU withdrawal agreement was both utterly predictable and surprisingly unsettling.

Some insurers in the Golden State may have been happy to see the back of the vocal and strong-willed Dave Jones, but the jury is still out on his replacement in the role of California insurance commissioner.

The complaint on behalf of Markel investors follows the disclosure of regulatory probes into the accounting of loss reserves.

An extension to the Article 50 Brexit deadline “would be a welcome solution for the sake of certainty”, Biba said.

The hospitality firm is in a legal fight with insurers over a $303mn hurricane damage claim.

The Chapter 11 procedure adds a new dimension to carriers’ legal action against the utility related to losses incurred from the Camp Fire.

New regulation threatens telematics-linked insurance products, industry body says.

The fund steps in once industry losses breached a threshold of about $7.3bn.

The president described the situation as "disgraceful".