Insurance

'Drop mandatory insurer strength ratings'

Monday 18th of June 2018

The law requires licensed insurers to have a current rating from an independent ratings agency.

It can cost about $100,000 to get a rating.

But insurance law specialist Crossley Gates said that was of little use to the companies' customers. He said the issue had been highlighted again by the failure of CBL.

"If insurer failure is the problem we are trying to avoid I don't t...

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