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...followed reporting by the Financial Times that Dubai-based Paramount Energy & Commodities DMCC had traded a type of Russian oil last year that routinely priced above the G7 cap, while using western-based insurance...
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...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
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...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...The insurance sector is expecting a hefty bill....
...The analysts at Employ America have also highlighted auto insurance’s role in the recent gap between the CPI and the Fed’s favoured PCE indicator — and reckon that part of the gap could very possibly narrow...
...The mechanics of the NAIC’s rule change (as described by Barclays, Bank of America, regulators, industry groups and various other sources) are . . . not especially simple....
...the company in as many years....
...Mercedes-Benz said Baltimore was among several ports used by the company in the US....
...The order from the appeals court provided a significant reprieve for Trump, who had been rushing to secure the cash for a bond after several insurance companies refused to accept his real estate holdings...
...Instead, he said, they should focus on supporting the energy transition, by creating new types of insurance coverage that support key technologies and companies involved....
...Marine insurance experts told the Financial Times that the accident would probably lead to a substantial claim, including for damage to the bridge and disruption to the port....
...from state-owned insurance companies....
...,” which is Florida’s state-run insurance company....
...The act has resulted in tougher reimbursement talks between medical groups and the insurance companies that pay the bills, and meant cash flows have become harder to predict, or even dried up in some cases...
...These companies collectively underwrote about 70 per cent of US homeowners’ premiums, it said. The Treasury’s proposals have highlighted the fragmented nature of US insurance regulation....
...The pledge comes three years after the insurance market apologised for its role in the trade, which included extending crucial insurance to voyages and even insuring slaves as cargo....
...That doughty — somewhat dull — Canadian insurance company known as Manulife does not often attract attention. This week, however, it caused a frisson in the real estate world....
...Berkshire Hathaway Energy is one of the largest power utilities in America....
...The fallout has already spread to other sectors including local insurance groups. The sector’s shares fell on the back of investors’ fears about their potential exposure....
...Larger banks such as JPMorgan Chase, Bank of America and Wells Fargo also saw their profits fall in the final quarter of 2023....
...Nubank began life as a zero-fee credit card managed by a mobile app and through rapid growth has expanded into a full-service banking offering, with everything from current accounts to investments and insurance...
...Arnab Datta is the managing director of policy implementation at Employ America, a macroeconomic policy research and advocacy organisation committed to achieving and sustaining full employment....
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