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Purchasing the analytics firm will help Willis meet growing demand for climate change services.
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The new entity has an initial financial strength rating of A- from AM Best with a stable outlook.
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The ratings agency had a B rating with a negative outlook on the carrier.
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The decision is thought to be the first ruling on summary judgment against the insurance industry. -
The comments follow an order last week from the US judicial panel on MDL to consolidate lawsuits against Society Insurance.
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Mini-MDL orders against Arch and United Specialty show that courts will allow policyholders to negotiate as a bloc in niche cases.
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Mini-MDLs will be established for some lawsuits brought against Arch, United Specialty and Society Insurance.
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The multidistrict litigation panel is expected to reach a decision by early next week.
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To what extent reinsurers will pick up a share of BI exposures is a thorny question.
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Speaking Tuesday John Neal reiterated the market’s commitment to customers in the Americas.
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The 10E restaurant and bar says it sustained a direct loss from local and state coronavirus shutdown orders.
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The executive says he is optimistic about the prospects for Bermuda.
