Legal
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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. -
The state-backed flood insurance scheme re-opens for new business after Fema called a halt on 26 December.
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Insurance trade associations slam the decision, which they said ran counter to the wishes of the President and Congress.
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The global broker’s plans follow the opening of a China desk in its Dubai branch earlier this year.
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The National Flood Insurance Program had been set to expire on 21 December.
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The claim is largely unreserved in the London market, sources said.
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The regulatory investigation relates to coverage provided under a group insurance policy issued to the NRA.
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Investigation reveals deliberate under-reserving between 2009 and 2013.
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The Association of British Insurers calls for a speedy decision on the new discount rate.
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