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The insured was sued for and settled a claim for $77.5 million under the California False Claims Act for overcharging California government entities under the terms of particular contracts despite their offer of low prices to the government. The insured sued the insurer for an indemnity for its loss.
South Africa’s third-quarter unemployment statistics were released in November, reported at a whopping 30.8% and thus falling within the top twenty highest in the world.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?