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Aon reports further redundancies from restructuring

Aon PLC has reported an increase in the number of estimated job reductions due to the ongoing restructuring. In its annual 10-K statement filed on Tuesday with the US Securities and Exchange Commission, Aon said it expects to eliminate an estimated 4,800 to 5,400 jobs as a result of the ongoing restructuring, up 12.5 percent from 4,200 to 4,800 estimated …

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S & P warns of the risks of electricity supply in California

A lack of legislative and legislative reforms to reduce the risk of California power tools could leave the state without investment owned by investors before the 2019 fire season, according to a summary published Tuesday by S & P Global Ratings Inc. [19659002] I its report said S&P that California's Liability Laws effectively enforce tools to act as state reinsurers, …

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Britain handles Huawei risks, has no evidence to spy: Official

(Reuters) – Britain can handle the security risks of using Huawei telecom equipment and has not seen any evidence of malicious business by the company, a senior official said on Wednesday and withdrew against US allegations of Chinese state espionage. Ciaran Martin, head of the UK's National Cyber ​​Security Center, said the UK has not yet decided on its security …

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Credit Suisse loses bid to reject trial in the US over write-downs

(Reuters) – A US judge has rejected Credit Suisse Group AG's bid to reject a lawsuit accusing the Swiss bank of deceiving the shareholders about the risk appetite and risk management before taking $ 1 billion of write-downs on acid debt. The decision of US district director Lorna Schofield in Manhattan was announced Wednesday. Judge Schofield said that investors who …

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Scors 2018 profit increases despite blows from natural disasters

(Reuters) – The French reinsurance company Scor SE, which was the target of a disappeared acquisition of rival Covea Mutual Insurance Group Co. last year, an overall increase of 2018 showed a net income despite a loss in the fourth quarter caused by a slate of natural disasters. Net income increased by 13% in 2018 to EUR 322 million ($ …

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Wholesale brokers are all clearly provided by British watchdogs

(Reuters) – The UK's wholesale insurance broker got a clean health food from the market watchdog on Wednesday, providing some relief for an industry that already spends millions of pounds on Brexit. London's insurance market, spanning the Lloyds London market and brokers like Aon PLC, Willis Towers Watson PLC, Jardine Lloyd Thompson Group PLC and Marsh Ltd. controlled $ 60 …

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A copy in each law office is needed

For the insurance industry to survive and profit, it is imperative that it maintain a staff of insurance-accountable professionals who can read, understand, and apply the insurance terms and assure all insurers fairly and in good faith, and keep all promises from the insurance policy. In addition, the insurance application must recognize and defeat attempts at insurance fraud when acting …

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Insurance coverage for Frozen Food Recall Tops Off Huntons "Recall Roundup" for February

Attorney's Syed Ahmad and Jennifer White contributed to the Hunton Retail Law Resource "Recall Roundup" for February with a discussion on Starr Surplus Lines Insurance Company's costume against CRF Frozen Foods, LLC. Starr aims to revoke a product pollution policy based on claims that CRF during the insurance application failed to disclose "violations" identified by Washington State and federal inspectors, …

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What is direct life insurance?

Perhaps the easiest way to understand direct life insurance is to use their second name – DTC, or directly to the consumer. As this phrase suggests, we talk about life insurance that you buy directly from a life insurance company or company – usually online – without going through an agent or other designer. Before we go any further, it …

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