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US baseball team sues Ace subsidiary

(BestWire) - The Los Angeles Dodgers have filed a lawsuit alleging an insurance company it used to insure one of its pitchers has not paid the more than $9 million in claims the club says is owed to them.

As baseball players begin to earn many millions of guaranteed dollars over multiyear contracts, teams look to protect themselves with insurance from the risk of a player being hurt and being unable to

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Soft market tempers Axa UK’s personal lines gains

Axa Group has reported 5% growth in property and casualty gross written premiums to £58bn, driven by commercial lines and strong new business in personal lines globally, but softer pricing in UK & Ireland dragged down personal lines rates.

Why the FCA’s fair value rules need a rethink

Four years after their introduction, Branko Bjelobaba is principal of Branko Ltd, observes the Financial Conduct Authority’s fair value rules remain costly, unclear, and ineffective offering consumers little real insight into whether general insurance products genuinely deliver value.

Will the CMA tame pet insurance costs?

In the latest episode of the Insurance Post Podcast, deputy editor Scott McGee (and proud puppy owner to Ozzy) digs into why pet insurance costs have soared and whether the Competition & Markets Authority’s proposed reforms of the veterinary sector could make cover more affordable.

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