-
The new adjustments will increase rates 7.6% on average after February 1, 2022. -
A federal judge finds that a new law banning contractors from advertising that insurance may cover roof repairs unconstitutional.
-
The brokers have offered to divest Willis’ largest corporate risk and broking clients to Gallagher’s Crombie Lockwood.
-
The Commerce Commission has extended its review of the merger by another six weeks.
-
The CCCS has identified competition concerns around executive pay consulting services.
-
As new regulations on climate risk disclosures are developed, insurance industry argues for a measured approach.
-
Local executives expect the island to weather global reform efforts in light of Bermuda’s other advantages and the time it will take to implement minimum tax levels.
-
The news marks the second year in a row members have ceded more than $1bn in risk to the Caribbean Catastrophe Risk Insurance Facility.
-
The California Insurance Working Group suggested the policy to cover areas with high wildfire risk.
-
The new law limits insurer liabilities for attorney fee suits against insurers and reduces time limits for claims.
-
The new accounting framework is being brought in to replace current GAAP reporting measures.
-
The executive said reforms will help insurers, but more challenges remain to be tackled, as local executives remain divided on the potential impact of the legislation.
