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Financial Services Industry Insurance Regulations Banks

Orrick, Herrington & Sutcliffe LLP

California enacts law requiring interest on hazard insurance proceeds

On August 29, California enacted AB 493, which mandates that financial institutions holding hazard insurance proceeds in a loss draft account — while property repairs are pending — pay at least 2 percent simple annual...more

Hogan Lovells

Corporate Insurance Newsletter – January 2020

Hogan Lovells on

The Hogan Lovells’ Corporate Insurance Newsletter for January 2020 has been published. This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants. In this...more

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