State Farm seeks stay order to put Directive 218 on hold

State Farm seeks stay order to put Directive 218 on hold

State Farm is seeking a stay order from the Louisiana Division of Administrative Law (DAL) to put on hold Commissioner of Insurance Jim Donelon’s directive requiring the company to pay policyholders’ evacuation expenses for Hurricane Ida. Donelon issued Directive 218...
Due diligence: Paralysis by analysis

Due diligence: Paralysis by analysis

By MICHAEL G. MANES Manes and Associates Dale Dauten is one of my favorite writers. His weekly syndicated column, The Corporate Curmudgeon, appears in about a hundred newspapers. To me, one of his most memorable columns was published in July 2003, Innovation Comes...
First investor in Lloyd’s cell opens the door to ILS trading

First investor in Lloyd’s cell opens the door to ILS trading

London ViewsBy LEN WILKINSLondon Correspondent On Nov. 10 Lime Street announced that Ontario Teachers’ Pension Plan Board will be the first investor to provide capital for Lloyd’s London Bridge Risk Protected Cell Company that will offer Insurance Linked Securities...