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Insurance
Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge
...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
March 28, 2024
ExplainerMaritime accidents and safety
The Baltimore bridge disaster: what happened and who will pay?
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
March 27, 2024
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
Maritime accidents and safety
Search suspended for missing people in Baltimore bridge collapse
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
March 27, 2024
US insurance industry
The US insurance storm continues
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
August 3, 2023
Hipgnosis Songs Fund
About that knife-edge Hipgnosis continuation vote . . .
...But it does raise questions of competence and also why the cost of providing indemnity insurance to the buyer should be borne by the listed fund and not the manager....
September 29, 2023
War in Ukraine
Russian sanctions heighten threat of oil spill disaster, shipping insurer warns
...He raised concerns about the reliability and ability of non-IG insurers to handle a spill or other accident....
April 2, 2023
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
ExplainerEnergy crisis
How the G7’s oil price cap blocked the Bosphorus
...accident, it is absolutely required for us to confirm in some way that their P&I insurance cover is still valid and comprehensive,” he said in a letter seen by the Financial Times....
December 6, 2022
Letter
Letter: Extending sanctions to ship insurance poses risks
...Gillian Tett (Opinion, April 29) suggests that the global impact of sanctions against Russia could be enhanced by bans on the provision of property and indemnity (or liability) insurance to vessels carrying...
May 5, 2022
News in-depthRussian business & finance
Insurance ban to tighten squeeze on Russian oil shipments
...The maritime sector has its own special insurance arrangements through the International Group of P&I Clubs, 13 protection and indemnity insurers, most of which operate from Europe....
June 2, 2022
The Future of Money
Claims bots assemble Premium content
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
August 29, 2022
Chubb Corp
Chubb to buy Cigna’s Asian and Turkey businesses for $6bn
...Chubb said on Friday it planned to take over the “life and non-life insurance companies that house the personal accident, supplemental health and life insurance business” of Cigna in South Korea, Taiwan,...
October 8, 2021
UK Budget
Arts and culture sector handed £408m funding boost
...While theatre owners and companies welcomed the extra money ploughed into the sector, the Budget announcement did not address the lack of Covid-related insurance for big productions....
March 3, 2021
Personal Finance
Care homes after Covid: counting the cost
...Care England is pressing for at least a £7bn annual increase in funding to the sector in England, including higher local authority fees, government-backed indemnity insurance to protect against negligence...
May 21, 2021
Equities
Markets Now - Wednesday 15th April 2020
...The V-shaped recovery in consumer spending feels too bullish in our view....
April 15, 2020
Special ReportEurope’s Road to Growth
How Mate Rimac is supercharging electric cars
...Rimac prepared a 29-page presentation, detailing how and why the accident happened....
November 21, 2018
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
FT Magazine
Rehab USA: how should America treat its opioid victims?
...And when the pills started to run out, many turned to heroin. In 2016, 42,200 Americans died from an overdose, more than from either car accidents or gun violence....
June 21, 2018
Insurance
Berkshire takes on $1.5bn asbestos risk from Hartford
...Hartford has agreed to pay a premium of $650m for the reinsurance from National Indemnity, a subsidiary of Berkshire. The deal will reduce Hartford’s fourth quarter after-tax profits by $423m....
January 3, 2017
Cyber Security
Global insurers worry about cyber crime exposure
...In one case, Travelers Indemnity, an insurance company, asked a federal court in 2014 to rule that a general liability policy it sold to PF Chang did not cover a breach of customer data at the US Chinese...
July 6, 2017
US & Canadian companies
Buffett-AIG deal prompts fears over US insurance
...That is in contrast to a similar deal AIG reached six years ago when Berkshire’s subsidiary National Indemnity Company (Nico) took on responsibility for handling asbestos-related claims....
January 23, 2017
FT’s personal finance highlights of 2017
Best of FT Money 2017: Giving financial advice to ‘The Archers’
...Floods, livestock disease, plummeting milk yields and nasty accidents are staples of the script, interwoven with family feuds, triumphs and tragedies....
September 1, 2017
News in-depthWeek in Review
Week in Review, August 20
...Andrew Mackenzie, chief executive of the world’s most valuable mining company, acknowledged that he and the group were still coming to terms with the accident, which had led to “huge suffering”....
August 19, 2016
World
Insurer Beazley seeking nod for move back to UK
...Insurance company and Lloyd’s underwriter Beazley is seeking shareholder backing to move back to the UK six years after it relocated to Ireland....
February 25, 2016
Pharmaceuticals sector
Managing multiple sclerosis: a transatlantic tale of healthcare in US v UK
...At first he dismissed the creeping numbness, but when his symptoms worsened in the days that followed, a friend drove him to the accident and emergency unit of a local hospital in west London....
May 15, 2016
US & Canadian companies
BP settles with Transocean and Halliburton over gulf spill
...litigation over the accident....
May 21, 2015
Autumn Statement
George Osborne’s Autumn Statement speech in full
...We’re going to bring forward reforms to the compensation culture around minor motor accident injuries. This will remove over £1bn from the cost of providing motor insurance....
November 25, 2015

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