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...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...More than a dozen German insurance companies filed a petition with Vienna’s district court last week, a copy of which was seen by the FT, demanding an end to Signa Prime’s self-administration....
...Premiums, and commissions, have surged since the Grenfell fire for buildings with combustible cladding and other building defects....
...The ship’s lead liability insurer, Britannia P&I, said on Thursday it was “working closely with the vessel’s owner and manager and the relevant US authorities as part of the investigation into the casualty...
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...As insurance companies recover from recent losses, and inflation falls, there should be scope for more competitive pricing....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...The state-backed group is the second-largest developer by sales in China and is one of the companies that has helped build modern China....
...“I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!”...
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...That can cause safety concerns as even small dings to battery packs can destabilise cells, potentially causing fires and even explosions....
...“While we don’t like increasing fees, it’s one step we are taking to return our company back to profitability and cover the increased costs of transporting bags.”...
...Farmers Insurance, one of the biggest property and casualty providers in the US, found itself under attack this year for political “wokeness”....
...Rescue operations were being carried out “on the surface of the water, subsurface” and “on the deck of the ship itself”, said Baltimore fire department chief James Wallace....
...Europe’s second-biggest insurer, which cemented its focus on property and casualty insurance with the $15.3bn acquisition of XL in 2018, said it would prioritise dividend growth and annual share buybacks...
...The Leningrad region governor said there were no casualties as a result of the Ust-Luga fire and all workers had been evacuated....
...“Fire fighting [is] very difficult” on modern car carriers, said Richard Gunn, a casualty lawyer at law firm Reed Smith, who added that ships tended to be built with several decks that were built as low...
...He made a distinction between private capital groups that buy insurance companies as a long-term balance sheet investment, and situations where the insurer is owned through a private equity fund with a shorter...
...Hankey may be playing with fire again....
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...A UTA spokesperson said that “Kassan was terminated by UTA on March 7 and made aware well before that UTA had grounds to fire him....
...Vietnam has in recent years emerged as a top destination for companies looking to diversify manufacturing away from China due to rising tensions between Washington and Beijing....
...The governor of the Nizhny Novgorod region in central Russia said a drone struck the Kstov industrial zone, causing a fire at an oil refinery owned by Lukoil, the largest non-state owned Russian oil company...
...Next, the shadow banking system — an assortment of financial institutions ranging from hedge funds to insurance companies — still lacks the liquidity to weather price adjustments, according to the FSB....
...Previous Houthi strikes, which have mostly hit container ships or ships for dry bulk commodities, have caused minimal damage and any fires have been quickly extinguished....
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