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...The former US president’s team has spent “countless hours negotiating with one of the largest insurance companies in the world”, the lawyers wrote in a filing, citing a broker they hired, but have concluded...
...Chubb declined to comment....
...The former president’s team had spent “countless hours negotiating with one of the largest insurance companies in the world”, the lawyers wrote, but had concluded that “very few bonding companies will consider...
...The insurance company Chubb was attacked by employees and investors earlier this month after it posted $91.6mn to cover Trump’s defamation damages to E Jean Carroll in the sexual assault case....
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
...That bond was underwritten by a subsidiary of the Chubb corporation....
...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....
...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....
...Last year, the company also completed an acquisition of New York-listed Cigna’s life and health insurance businesses across six Asia-Pacific markets, including Taiwan....
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...In any event, ask whether trustee indemnity insurance is in place, which might offer some reassurance....
...Presenting the company’s fourth-quarter results on Wednesday, Greenberg said property catastrophe insurance is “an opportunity” for Chubb as price rises remained ahead of the rise in payouts....
...American International Group and Chubb have curbed insurance sales to affluent homeowners in high-risk areas....
...This trend has intensified in recent years with large insurers following suit: for example, Allstate, Chubb and AIG sharply scaled down operations in California citing onerous price regulation....
...In 2022, 5 per cent of their wealth was invested this way, according to the company....
...In a strongly worded response, the insurance company’s board of directors argued conducting an audit would violate insurance laws in multiple US states, which “prohibit the consideration of race in underwriting...
...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....
...It demanded the companies pull out of the Net-Zero Insurance Alliance (NZIA), a UN-convened body set up two years ago for insurers wanting to cut their carbon footprint and reduce climate change risk....
...and Retirement and composite peers Here are those companies arranged by market cap: However, here is its compensation peer group: You might notice that Chubb and The Travellers Companies are the only...
...New York-listed Chubb disclosed an underwriting loss of $107mn on its agricultural insurance policies, citing a severe lack of rainfall in the country’s so-called corn belt of producer states....
...Skinner was a veteran of the marine protection and indemnity industry, according to industry publication TradeWinds....
...The fund is managed day-to-day by an insurance services company, Thomas Miller....
...Andrew Correll, insurance solutions director of SecurityScorecard, which rates companies on their cyber security defences, predicted confusion in the aftermath of an incident as insurers seek to argue it...
...In December, protection and indemnity insurers, which provide liability insurance to seaborne trade, warned that their reinsurers had cancelled certain insurance covers for Ukraine war-related claims....
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