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Florida-based Gulfstream is forced to liquidate after falling into insolvency. -
The heavyweight insurer and the world's largest broker have been at the forefront of stalled efforts to create a PPP in the US.
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Fair Plan had challenged that order, arguing that it would lead to higher rates.
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Craig Swan will become CEO of the monetary authority, after working as deputy CEO for 21 months.
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Advocates of firm action by the Federal Government against competition law violations welcomed Kanter’s appointment.
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McKee sided with the ACPIA, who have opposed the legislation due to the potential for raised costs.
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The merged entity must divest its corporate and commercial short-term insurance broking in the country, as well as offload several global businesses.
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The new adjustments will increase rates 7.6% on average after February 1, 2022.
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Environmental, social and governance (ESG) factors were the primary driver in 13% of ratings actions in the year to the end of March, according to AM Best.
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A federal judge finds that a new law banning contractors from advertising that insurance may cover roof repairs unconstitutional.
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The brokers have offered to divest Willis’ largest corporate risk and broking clients to Gallagher’s Crombie Lockwood.
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The Commerce Commission has extended its review of the merger by another six weeks.
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