INSURANCE: BOLKESTEIN PROMISES TO RULE ON LLOYD'S BY YEAR END.

Internal Market Commissioner Frits Bolkestein has promised to decide by the end of the year whether the UK should face a legal challenge for failing to uphold EU legislation on market regulation in the case of insurer Lloyd's of London. More than 200 private investors, who lost savings between 1989 and 1994 after Lloyd's discovered it had not made sufficient provision for asbestos claims in the US and Canada, have sent a petition to the European Parliament, demanding that action be taken...