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  • The decline and fall of US independent broker Near North was heightened last week when the Chicago Transit Authority sued the firm for alleged misrepresentation over the commissions it charged the organisation in 2001.
  • On 12 September, Insider Week stated that Equitas' insolvency margin had increased. This was incorrect. The opening paragraph of the story should have read: Equitas announced its annual results for the year ended 31 March 2005 last week, revealing...
  • Equitas announced its annual results for the year ended 31 March 2005 last week, revealing a rise of 2.4 percent in its insolvency margin.
  • Ratings agency Fitch has launched a new database listing report and account information on over 6000 insurance companies across 100 countries.
  • Despite the risks of criminal proceedings, over 717,000,or 58 percent, of UK businesses have failed to carry out an asbestos assessment on their business premises, according to research commissioned by law firm Davies Arnold Cooper (DAC).
  • Lloyd’s insurer Wellington has appointed outsourcing firm Xchanging to handle its treaty claims written before it spun-off its reinsurance arm into Aspen in 2002.
  • A new online quoting engine specialising in D&O liability insurance for small to medium size enterprises has been launched.
  • The multibillion dollar coverage dispute between World Trade Center leaseholder Larry Silverstein and the building’s insurers is set for a 9 February 2004 trial date.
  • Brokers Benfield Group, has acquired a further 43 percent of the world’s only dedicated space insurance intermediary, International Space Brokers (ISB).
  • The P&I market is performing below its full potential despite two years of hard markets, according to a new report release by HSBC Insurance Brokers.