BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
BRUSSELS—The European Parliament will delay its vote on Omnibus II, the directive that will introduce Solvency II in transitional stages, until next April, it announced.
The European Parliament had been slated to vote on Omnibus II late this year. That delay could result in a delay in implementing Solvency II, which is slated to start going into effect on Jan. 1, 2013, according to KPMG L.L.P.
“This is another blow to the insurance industry, significantly shrinking the time frame between final rules being issued and the industry having to comply,” Janine Hawes, a director in KPMG’s Solvency II team in London, said in a statement. “These latest delays mean the industry will be forced to spend another four months in the dark.”