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Judge rules against insurers in Halliburton case

A Pittsburgh bankruptcy judge has ruled that insurance companies, led by Ace and Hartford, do not have standing to challenge or intervene in the judge’s decision regarding the bankruptcy cases of DII Industries and Kellog Brown & Root which are subsidiaries of Halliburton.

The two companies have filed for Chapter 11 bankruptcy and the insurance companies wanted to stop this being used to resolve their asbestos liabilities. The ruling means the insurers will have no

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Did the FCA’s leasehold commission reforms fail?

Three years after introducing reforms to tackle excessive leasehold insurance commissions, the Financial Conduct Authority is reviewing the market again, which Scott McGee observes raises questions about whether its measures have delivered meaningful change.

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