Lloyd's Proposes Radical Modernization
By Lisa S. Howard, London Editor
NU Online News Service, Jan. 17, 12:30 p.m. EST, London--Lloyd's of London today unveiled radical modernization proposals that would change structures that have existed for much of the market's 314-year history, including an end to unlimited liability capital and its support structure--the annual venture--as well as a move to GAAP accounting.
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