ALL STATE FIRE AND CASUALTY INSURANCE COMPANY

April 19, 2024

Russian ‘dark fleet’ lacks disaster insurance, leaks suggest

...The Russian dark fleet’s insurance arrangements with Ingosstrakh potentially expose coastal states in Europe and Asia to huge potential clean-up costs in the event of a spill....

March 15, 2024

FT Live

Global Insurance Summit

Strengthening resilience, capital and innovation as systemic risks evolve

Climate change

Climate targets group under fire over Bezos-backed carbon offsets decision

...Banks, oil and gas majors and chemicals companies will all soon be able to submit their long-term net zero emissions targets for approval by the SBTi, under guidance the group plans to release in coming...

April 11, 2024

Climate change

EU regulator urges action on climate threat to insurance

...“All actors need to move,” she told the Financial Times....

April 22, 2024

The FT ViewThe editorial board

The painful rise in home insurance costs

...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....

April 1, 2024

UK insurance industry

UK car insurance prices fall for first time in two years

...UK car insurance prices fell at the start of 2024 in the first quarter-on-quarter drop in more than two years, signalling some relief for households after costs hit an all-time high....

April 18, 2024

FT Live

Infrastructure Investment in Latin America and the Caribbean

Identifying opportunities for investors and asset managers

Insurance

Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge

...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....

March 28, 2024

Edwin Heathcote

Farewell to stock exchanges — fire is not their only enemy

...Copenhagen’s fire may be symbolic as well as catastrophic. Edwin Heathcote is the FT’s design and architecture critic...

April 20, 2024

News updates from April 18: Netflix profits surge; Jurors selected for Trump’s ‘hush money’ trial

UK car insurance prices fall for first time in 2 years

...UK car insurance prices fell at the start of the year in the first quarter-on-quarter drop in more than two years, signalling some relief for households after costs hit an all-time high last year....

April 18, 2024

Insurance

Scrapping the spreadsheet: start-ups take aim at an old insurance addiction

...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....

April 7, 2024

News in-depthMiddle East conflict

Netanyahu’s Iran gambit leaves chance of avoiding all-out war

...Syria’s Sana state news agency reported that Israeli missiles had targeted air defence positions in its southern region....

April 19, 2024

Private equity

Is private equity’s bet on life insurance turning sour?

...“All EU regulators are really down on PE fund owners right now,” said one insurance executive....

March 25, 2024

ReviewAlbums

Wagner: Parsifal review — Vienna State Opera’s all-star live recording does not disappoint

...Opera companies around the world will be fighting for her. ★★★★☆ ‘Wagner: Parsifal’ is released by Sony Classical...

March 6, 2024

Legal & General Group PLC

Legal & General’s new chief promises ‘simpler investment case’

...and workplace insurance products such as pensions....

March 6, 2024

UK insurance industry

Admiral signals end of car insurance price surge

...Car insurance prices have soared in recent years, reaching an all-time high last year according to one industry index, as insurers tried to reprice their policies to absorb spiralling inflation in the cost...

March 7, 2024

FT Live

US Decarbonization and Industrial Transition Summit

Securing the resources to build and finance America's clean energy future

Houthi movement

Fuel tanker’s crew extinguish fire after hours of struggle

...The Copenhagen-based company’s other vessels have been travelling via the Cape of Good Hope since December....

January 27, 2024

Aviation accidents and safety

Japan Airlines fire to give insights into latest manufacturing materials

...“As the material burns, all the flammable material forms a char layer . . .[so] you end up with a barrier against the progression of fire.”...

January 3, 2024

Your QuestionsLucy Warwick-Ching

Should I use the travel insurance provided by my credit card?

...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....

March 27, 2024

LexElectric vehicles

Electric vehicles: insurers balk at battery fires and write-offs Premium

...That can cause safety concerns as even small dings to battery packs can destabilise cells, potentially causing fires and even explosions....

October 28, 2023

Ian Smith

Is state intervention needed for cyber insurance?

...It takes months to repair all the breaches, and shakes confidence in the system, driving up business costs as regulations stiffen....

November 1, 2023

Donald Trump

Donald Trump claims he may need ‘fire sale’ to pay $464mn fraud judgment

...“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!”...

March 19, 2024

Signa Holding

Signa creditors push to oust management over property fire sale fears

...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....

February 28, 2024

Special ReportFuture of Water

US housing market belatedly wakes up to flood risk

...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....

March 22, 2024

Chinese society

Millions drop out of China’s state health insurance system

...China’s state health insurance system has lost tens of millions of subscribers, as higher costs have put one of the world’s largest healthcare schemes out of reach for many people already struggling in a...

December 10, 2023

Lemonade Inc

Lemonade chief rounds on ‘naysayers’ who predicted insurance start-up’s demise

...The company expected net cash flow to turn “consistently positive” in the first half of next year....

March 3, 2024

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