Bits and pieces:
- Medmal caps in Nevada being challenged.
- Updated hurricane forecasts here and here. The short story: not much change to May’s grim predicitons.
- Rates in UK solicitors’ professional indemnity (what US insurance calls legal professional liability) seem likely to rise double-digits, given Quinn, Hiscox and Catlin leaving the market.
- Quote of the day from Nomura Securities investment banker Guillaume d’Hauteville on the M&A market:
Every deal that has a financial side — except for some marginal ones to make minor adjustments — has been stopped. The reason is simple: no one’s going to embark on a major deal without knowing the impact of Basel III and Solvency II.