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The carrier says regulatory fines or penalties from the mistake are “reasonably possible".
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The ratings agency suggests that the SEC may introduce onerous climate disclosure requirements on public companies. -
The new law allows the state’s attorney general to fine companies $7,500 per consumer for each breach.
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Sources have emphasised that such pauses are a routine part of the Phase II review process.
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The proposals will also develop a framework to help insurers and property owners better quantify the degree of risk that buildings face from wildfires.
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Phase II reviews conducted by the supranational body can take up to 135 days to complete.
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The legislation would create a presumption of bad faith for any auto claims under $3,500 denied by insurers.
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All Republican members of the committee voted to move the legislation forward, along with one Democrat, Senator Linda Stewart.
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The state financial regulator says that making payments to criminals may be fueling losses.
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APCIA, Namic and the NIC say the proposed law is likely unconstitutional.
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Finance minister Nirmala Sitharaman said the government will lift the foreign direct ownership cap from 49% to 74%.
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In a joint submission, the intermediaries argue that the deal will not reduce market competition in New Zealand.
