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...He and other local activists say they will step up their campaign to halt LNG developments by not just opposing their planning and licensing but also targeting the banks, private equity and insurance companies...
...Louisiana, which in 2020 was hit by the highest number of storms in any hurricane season on record, has also lost private insurance companies in recent years....
...“Society, including insurance companies, has globally not been strict enough on prevention,” says Frédéric de Courtois, deputy chief executive of Axa....
...One reason auto insurance can make such a big impact on inflation is, to put it simply, there are way more car owners in the US than there are homeowners in disaster-stricken California, Louisiana and Florida...
...But one can hardly blame the insurance companies for their reluctance to be in these markets given the rise in the accumulation of risk in disaster-prone areas....
...to one of the biggest risk modelling companies....
...Berkshire made modest additions in the quarter, buying 1.2mn shares of Louisiana-Pacific, a maker of construction supplies, and 2.4mn shares of MTV owner Paramount Global....
...Shipping insurance was needed to underwrite the buyers who, under the US-led sanctions regime, were legally allowed to buy some threshold of oil from Iran....
...Barr appeared alongside Martin Gruenberg, chair of the Federal Deposit Insurance Corporation, and Nellie Liang, under-secretary for domestic finance at the Treasury....
...The company also bought a $13mn stake in investment bank Jefferies and purchased $300mn worth of building materials maker Louisiana-Pacific....
...John Kennedy, a Republican senator from Louisiana, asked banking regulators during a Senate hearing. “Was anyone watching this?”...
...The EU and UK’s new ban on companies insuring Russian crude shipments is due to take effect in December....
...The company estimates its Axa XL division will pay out €400m, before tax and after reinsurance recoveries, as a result of Hurricane Ida, which hit Louisiana at the end of August and also caused destruction...
...Warning signals allow companies to move staff and equipment out of danger areas....
...“We were worried about Hurricane Ida [in Louisiana this year], but it turned out that the models overestimated losses by two and a half times. So that was good.”...
...Municipal debt has long been a haven asset class, popular with long-term investors including pension funds and insurance companies....
...The insurance hit from Ida is expected to be substantial....
...In the energy sector, the crisis has forced companies to go under as rocketing prices have hit producers....
...“Insurance companies are investing in risk knowledge to better understand, model and assess risks,” says Michael Gloor, climate change lead at Swiss Re, the reinsurance company....
...This week, a Louisiana court approved an injunction against the moratorium, although analysts said the federal government had other methods to continue the leasing pause....
...One of the challenges is to get three very disparate groups — insurance companies, governments and aid agencies — to work together....
...He will also chair Taveta Investments, the holding company controlled by Tina Green....
...For the past nine years, Jessica Tucker has earned $7.50 an hour working at a bulk laundry company in Greenville, Mississippi, which services several hospitals in the state as well as neighbouring Louisiana...
...The $300bn investment group, which is owned by insurance company Prudential, has targeted Methanex, a Canadian chemicals company with a market capitalisation of $6bn, in what M&G described as “an extraordinary...
...He could be a billionaire by the end of this decade and, by the end of the next, his contract would be worth more than the insurance company which stands behind it, Aviva France. Matthew C....
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