Legal
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The distribution firm has accused the MGA platform of illegally recruiting staff. -
The appeals court has ruled that composite policies provide multiple limits.
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The aircraft lessor said it did not expect additional recoveries.
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Financial details will not be revealed until the publication of Avolon’s full-year results.
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Brokers and insurers must obtain informed consent from clients for the commissions.
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The restructuring arrangement is designed to protect creditors.
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This follows a ruling to declass the representative proceeding filed against IAL.
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CEO McManus vows broker “will not be silent” over “unlawful” competitor behaviour.
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The court will consider appeals against initial judgments that found in policyholders’ favour.
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A California ruling could set an important precedent as other courts consider similar cases.
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The regulator alleges customers were promised discounts they did not receive.
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Current efforts to battle third-party litigation funding are focused on disclosure.
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