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...Based in Duluth, Minnesota, Allete is known in the utilities sector for powering mines of taconite which is used to create iron ore used by the steel industry....
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...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
...It should also temper the financial power of state-backed clubs....
...New York-listed Chubb will pay $350mn to the US state of Maryland, as insurers start to cover the collapse of Baltimore’s Key Bridge in March....
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...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...He said Tennessee state law was even more strict. “We are not allowed to. If we did, we would lose significant state funding. That would be a serious risk for the university....
...Bain & Company on Thursday....
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...Looking forward, we will pursue rate increases in 10 states to improve margins and in other states to keep pace with increases in loss costs. Used-car costs have, in contrast, declined....
...But development in the US’s most densely populated state is heavily concentrated near shores and rivers, putting homes and businesses at risk. That risk is not being factored in to insurance premiums....
...This has already occurred in home insurance relating to climate, with US states including Florida providing cover for homeowners who are unable to get it; the UK’s Flood Re is a joint government and industry...
...The problem for executives and risk experts on both sides of the Atlantic arguing for a state backstop on cyber is, partly, the other backstops they have argued for in recent years — on pandemic reinsurance...
...However, increased demand for private work could take doctors and nurses away from the state’s free-at-the-point-of-use NHS, Warren warned....
...In February 2023, the labour department found that Packers had employed at least 102 children — mostly undocumented migrants — at 13 plants across eight states, from Texas to Minnesota....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...In a statement, Matt van Buren, CBRE’s New York tri-state president, thanked Stacom, saying: “During her more than 20 years here, Darcy drove some of New York’s most iconic transactions and has been a champion...
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...Investigations needed to happen quickly because the danger could increase as the pathogen evolved, said Michael Osterholm, professor of environmental health sciences at Minnesota university....
...28 states, transporting 15 per cent of America’s natural gas and serving 13mn customers....
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...Since no state has changed the law and it is not clear how others would react, it looked more like a way to pressure Minnesota into staying in line....
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