Analysts at AM Best have warned ahead of the second special session of Florida lawmakers that further insurer insolvencies are possible if immediate and substantive long-term reforms arent realised. Source: Rebecca Blackwell, AP Governor of Florida, Ron DeSantis, has called the session in order to work with the Legislature to introduce more competition and policies…
OLDWICK, N.J.–(BUSINESS WIRE)–As Florida legislators prepare another special legislative session to help stabilize its troubled property insurance market, AM Best is of the view that without immediate and substantive long-term legislative reforms, the potential for further insurer insolvencies remains. The Bests Commentary, Florida Government Seeks to Repair Property Insurance Market, states that many market participants…
Two former Bury FC chairmen who were involved in the running of the club during its darkest dayshavebeen declared bankrupt within months of each other. In July, a bankruptcy order was made for businessman Steve Dale who bought the club in December 2018. In October, the man from whom he bought the club, Stewart Day,…
The liquidators of Rangers’ old operating company have come to a 54million settlement with HMRC, 10 years after the oldco was declared insolvent. The revenue service had initially claimed 94.4m, the bulk of which came from the use of employee benefit trusts (EBTs) to pay staff between 2001 and 2009. Players, staff and directorshad been…
(Credit: Unsplash) This article is brought to you in association with theEuropean Commission. The European Commission has today put forward measures to further develop the EUs Capital Markets Union (CMU): to make EU clearing services more attractive and resilient, supporting the EUs open strategic autonomy and preserving financial stability. to harmonise certain corporate insolvency rules…
Two former Bury FC chairmen who were involved in the running of the club during its darkest dayshavebeen declared bankrupt within months of each other. In July, a bankruptcy order was made for businessman Steve Dale who bought the club in December 2018. In October, the man from whom he bought the club, Stewart Day,…
08 December 2022 Consultancy.uk 4 min. read After another month of grim reading in terms of national insolvency figures, many firms will be acutely aware that as the economic situation deteriorates further they could be next. Lynne Darcey Quigley, Founder and CEO of Know-it, discusses how firms can mitigate risk, and avoid becoming a statistic…
The joint administrators of Rowanmoor Personal Pensions Limited have exchanged contracts with Alltrust Services Limited for a sale of the firms assets. Alltrust is an established provider of trusteeship and administration services for various types of pension scheme. The deal is expected to complete in February 2023. Rowanmoor Personal Pensions Limited is a Sipp and…
TALLAHASSEE With Floridas property insurance system in turmoil, state lawmakers could be poised to take major steps to try to stabilize the market during a special legislative session next week. Senate President Kathleen Passidomo, R-Naples, and House Speaker Paul Renner, R-Palm Coast, released a formal session proclamation Tuesday that indicated lawmakers will consider a series…
Posted on Dec 6, 2022 As the cost of living crisis continues to squeeze personal finances, experts from personal insolvency provider, Creditfix, are warning of the impact that debt problems can have on employees. With more people struggling to afford utility bills, rent, mortgages and food, this can have a huge impact on an individuals…