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Panama to change decade-old insurance law

Monday, July 25, 2011

\ For the first time in 10 years, Panama’s insurance laws are soon to be changed by the National Assembly.\ \ The need for the new rules was highlighted by the collapse of British American Insurance, which left 25,000 clients and employees without adequate compensation.\ \ The new rules will ensure that companies wil be restricted in the use of reserves outside of Panama.\ \ \ \ Original source (in Spanish): La Estrella\ \ \ \ \