A new act for Lloyd's. (insurance company Lloyd's of London) (Editorial)
Economist (US), The, July, 1992
Lloyd's has continually shown an inability to adhere to its regulations and to protect the interests of its clients. The Lloyd's Act of 1982 should be amended with stricter regulations, and external regulation should be created for the insurance industry.
London's sick insurance market needs legislative treatment
THE name-calling at Lloyd's goes on. An extraordinary general meeting on July 27th will consider several motions of no confidence in the market's ruling council. Lloyd's will escape immediate censure by calling for a postal ballot. By the time the votes are counted, elections for a new council and chairman in 1993 should be under way. But even a new council cannot escape the chorus of grumbles and lawsuits from names (the individuals who provide...
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