Legal
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The complaint on behalf of Markel investors follows the disclosure of regulatory probes into the accounting of loss reserves.
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An extension to the Article 50 Brexit deadline “would be a welcome solution for the sake of certainty”, Biba said.
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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.
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New regulation threatens telematics-linked insurance products, industry body says.
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The fund steps in once industry losses breached a threshold of about $7.3bn.
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The president described the situation as "disgraceful".
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The claimants say more accounts are required from the carrier to reach a figure for final damages.
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The new rules provide for EEA carriers that choose not to enter the post-Brexit temporary permissions regime.
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Ricardo Lara replaced Dave Jones yesterday.
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The California utility faces lawsuits from Allstate, State Farm and USAA, among others.
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The state-backed flood insurance scheme re-opens for new business after Fema called a halt on 26 December.
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