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The value of accounting adjustments made by Ronald Pipoly are said to have exceeded $300mn by the end of 2015.
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Allianz, Chubb and WRB are among the carriers that oppose the centralisation of BI claims.
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The industry must address the legacy of “redlining”, the executive says.
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Similar government schemes have been launched in the UK, Germany and France.
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Argo has consented to a cease-and-desist order and will pay a $900,000 civil penalty. -
A bill circulating in Congress would make the industry retain the first $250mn of pandemic risk, a proposal that has split industry opinion.
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A presidential ambition to designate Antifa as a terrorist organisation faces hurdles.
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The broker said that delaying the set-up of public-private partnerships would hinder economic recovery.
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The measure is supported by over 30 companies and trade organisations from across different sectors.
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At least 20 states in the US have so far moved to limit the liability of care home operators.
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The case follows lawsuits lodged earlier this month against Travelers by the firm.
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Claims were initially feared to soar as high as $34bn, according to a state regulatory agency.
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