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The latest decision comes as judges across the US compel plaintiffs pursuing BI claims to show clear evidence of direct damage from coronavirus.
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The company continues its diversification from Florida with its 19th state authorisation.
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The Hartford and Cincinnati Financial Corporation have experienced the highest level of litigated claims. -
Kodak shares leapt to a six-year high on July 29 as news emerged of an unusual $765mn loan from the US federal government to manufacture Covid-19 drugs.
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The federal body ordered Lloyd’s, Cincinnati Insurance, The Hartford and Society Insurance to demonstrate why the cases should not be consolidated on an insurer-by-insurer basis.
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The UK Financial Reporting Council imposes the financial penalty and orders improvements.
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Houston-based Valic Financial Advisors was earlier charged with failing to disclose key information to investment clients.
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Data harnessed from a new litigation tracking product suggests the cruise and care home industry are prime targets.
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Brokers and underwriters say a reinsurance backstop scheme could increase the availability of cover for small businesses decimated by Covid-19.
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Representative Cleaver says the Federal Insurance Office must work closely with the industry to understand the availability of such cover.
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The company has a December deadline to increase market cap.
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The hearing relates to a regulatory investigation into the sale of Carry Guard policies.
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