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...However, the government came under fire from the IMF again this week....
...The world’s leading arbiter of corporate climate targets is under fire from staff after a decision to allow controversial carbon credits in dealing with emissions, an approach backed by its key financial...
...“This fire sale can easily destroy hundreds of millions of euros in value,” a person familiar with the concerns warned....
...due to fire-safety issues....
...US officials gave no specific details about casualties after it launched its retaliatory strikes, but said no Iranians were believed to be killed in the attack....
...The British Insurance Brokers’ Association trade body backed Blanc’s call for a review of the cap....
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...Allstate’s 2Q underwriting results (as measured by its “combined ratio”) highlights what can happen when weather and economic conditions turn against property and casualty insurers....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...The only sure-fire way to keep a lid on insurance costs in risky areas is for governments to put more effort into climate mitigation strategies and support for retrofitting, including for flooding, subsidence...
...[so] you end up with a barrier against the progression of fire.”...
...And one thing to start: Adam Neumann, the co-founder of WeWork, has submitted a conditional bid of about $600mn for the bankrupt co-working company he led until 2019, according to three people briefed on...
...That can cause safety concerns as even small dings to battery packs can destabilise cells, potentially causing fires and even explosions....
...Over the weekend Greater Manchester Fire and Rescue Service said it had worked “closely” with the venue to ensure fire safety measures were in place ahead of Saturday’s event and would continue to do so....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...The Leningrad region governor said there were no casualties as a result of the Ust-Luga fire and all workers had been evacuated....
...The IDF and Hizbollah said there was small arms fire at IDF posts along the border....
...Higher interest rates lit a fire under the corporate pensions market, with improved scheme funding levels meaning hundreds of billions of pounds of pension obligations are expected to be transferred from...
...IAG was one of the main insurers behind $10bn of cover arranged for Greensill through Bond & Credit Co, an underwriting agency the Australian insurer owned a 50 per cent stake in before selling it to Tokio...
...Blackstone merged its credit and insurance investment operations in September in preparation for a push into asset-backed lending markets, Gray and co-founder Stephen Schwarzman have told shareholders....
...“Disney is stupid because I’m not trying to fire [chief executive] Bob Iger, I want to help him,” he says, unsolicited. “We don’t fire CEOs.”...
...The index providers “have not received the attention they deserve,” Natalie Bugalski, IDI’s co-founder, told me....
...Auto-insurance losses were part of the reason Fitch Ratings downgraded Allstate’s credit to BBB from A- this week, as auto-policy underwriting is the insurer’s biggest line of business by premiums collected...
Carriers have come to rely on check-in charges as a source of revenue but face new disclosure rules
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
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