GRM Legal & Regulation
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April 22, 2024
Rates drive change in AM Best’s London market outlook to positive
Rating agency AM Best says strong pricing is driving underwriting profitability and behind its positive outlook on the London insurance…
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April 18, 2024
India insurers free to change wording in corporate policies
The Insurance Regulatory and Development Authority of India (IRDAI) is to allow general insurers to change the wordings in all…
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April 16, 2024
Fitch shifts state-linked Chinese insurers to negative outlook
Fitch Ratings has affirmed the ratings of seven Chinese insurers but revised the outlooks for six of these seven to…
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April 16, 2024
Singapore regulator acts to bolster cyber resilience
The Monetary Authority of Singapore (MAS) and Mastercard have signed a Memorandum of Understanding (MoU) to enhance cooperation over cybersecurity,…
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April 12, 2024
NFP sues Alliant over real estate group ‘raid’
A unit of US broker NFP Corp has sued rival Alliant Insurance Services for allegedly poaching 19 employees, including real…
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April 11, 2024
US introduces law to protect drinking water from PFAS pollution
The US government has issued the first-ever national, legally enforceable drinking water standard to protect communities from exposure to harmful…
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April 11, 2024
Fenchurch law to ‘level playing field’ for policyholders in Singapore
Fenchurch Law, the leading UK law firm that works exclusively for insurance policyholders and brokers, will offer its specialist legal…
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April 4, 2024
AIG files action against Dellwood leadership for stealing ‘trade secrets’
AIG has filed an action against a group of former senior executives who left the insurer to launch US excess…
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April 4, 2024
Australian class actions ‘bounce back’ after lull in 2022
Australian businesses faced the second ever highest number of class actions in 2023 and the sectors at risk are expanding,…
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April 2, 2024
DWF expands global risks practice in London
Law firm DWF has expanded its global risks practice in London with the appointment of energy and marine insurance experts…
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March 25, 2024
Former US insurance commissioner pleads guilty to health insurance fraud
Former Georgia Insurance Commissioner John W. Oxendine has pleaded guilty to conspiracy to commit health care fraud and agreed to…
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March 5, 2024
Latin America and Asia see big growth in ‘true risk managers’ as insurance becomes business enabler
Risk and insurance managers in key growth markets Latin America and Asia are becoming more sophisticated as their businesses expand…
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February 27, 2024
Hong Kong pushing for further captive and ILS growth
The Hong Kong Insurance Authority (HKIA) is stepping up its efforts to firmly establish the territory as a leading centre…
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February 16, 2024
IAIS publishes updated register of Internationally Active Insurance Groups
The International Association of Insurance Supervisors (IAIS) has published its updated register of Internationally Active Insurance Groups (IAIGs) as disclosed…
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February 2, 2024
AM Best gives thumbs up to Hadron’s Folgate acquisition
AM Best has placed under review with positive implications the Financial Strength Rating of UK carrier Folgate Insurance, following the…
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January 29, 2024
Defining year for global Insurance Capital Standard, says IAIS
The International Association of Insurance Supervisors (IAIS) says 2024 will be a defining year for the global Insurance Capital Standard…
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January 19, 2024
Growth in North American organisations facing ESG litigation
One in ten organisations in North America experienced ESG litigation in 2023, compared to just 2% the year before, according…
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January 17, 2024
GFIA report highlights uniqueness of insurance industry
Policymakers must consider the significant differences between the insurance industry and other financial industries when considering future regulations, according to…
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January 12, 2024
Renewables manufacturers risk denial of coverage for subcontractors’ errors, lawyers warn
Renewables manufacturers and contractors have been warned that their insurance coverage is at risk if they fail to ensure sub-contractors…
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January 11, 2024
Cyber war debate rumbles on as Merck settles with insurers
Merck’s settlement with its insurers early this year draws a line under NotPetya cyber insurance coverage disputes, but insurance buyers…