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The bill that will be discussed in the special session is expected to be available for senator perusal later this week or early next week to allow ample time to read and discuss. -
Several firm-orders have been released, but there are widespread expectations of a much-delayed renewal as low-layer capacity remains elusive.
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Replacement changes will be made by Q4 2022 after a warning from the DoJ.
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The department said that the changes appear to automatically lower the ratings of assets solely rated by S&P’s competitors.
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The lawmakers issued the letter on Wednesday to more than a dozen insurance companies, including AIG, Berkshire Hathaway Specialty Insurance and Chubb.
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The insurance trade body said the OECD’s proposal “lacked the appropriate clarity”.
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ABIR is pushing back on behalf of the Bermuda cohort of companies, whose debt is significantly impacted.
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The state Governor’s goal is ‘to have a functioning market’ for property insurance in Florida.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The Florida governor said action was needed to prevent more carriers from failing.
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The strength of the relationship between the government, the regulator and the industry is key to the island’s position.
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The Senator is seeking to use a statute to activate a special session on property insurance.
