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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
Inside P&C’s news team runs you through the key highlights of the week.
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Lawmakers were discussing legislation that would have facilitated insurance commissioner Ricardo Lara’s ability to implement more insurer-friendly regulations, but talks stalled with just one week left in the 2023 legislative session
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The independent brokerage, founded in 2019, will now be able to sell reinsurance risks from across Latin America directly to London underwriters.
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Meanwhile, the FTC’s proposal has been delayed until April 2024 to give the agency time to consider all concerns about the rule because it faced strong opposition.
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A 15% tax is in the works, but appears manageable, and with (re)insurance being Bermuda’s largest industry, the territory will take steps to keep companies where they are.
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Board members voted five to four in favor of rate increases but fell short of the two-thirds majority required.
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Inside P&C’s news team runs you through the key highlights of the week.
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At the same time, insurers are assessing the level needed to address loss cost trends.
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The agency said it will take rating actions where warranted.
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The letter also called out California insurance companies for investing more than $536bn in the fossil-fuel industry in 2019 alone.
