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...Several companies have also left Florida, which has frequent episodes of flooding and hurricanes; many households are now covered only by the state-backed insurer of last resort....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...,” which is Florida’s state-run insurance company....
...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for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...This has already occurred in home insurance relating to climate, with US states including Florida providing cover for homeowners who are unable to get it; the UK’s Flood Re is a joint government and industry...
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...from state-owned insurance companies....
...Here’s what it could mean for the vote in Florida. 4....
...“Society, including insurance companies, has globally not been strict enough on prevention,” says Frédéric de Courtois, deputy chief executive of Axa....
...The insurance sector is expecting a hefty bill....
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...It caused eight insurance company collapses. On one side of the trade are the insurers (or businesses and governmental bodies) seeking protection from catastrophe-linked losses....
...Ajit Jain, a Berkshire vice-chair who oversees its insurance operations, told shareholders at the annual meeting in May that the company had wagered heavily on the Florida insurance market and had written...
...Among Berkshire’s operating segments, the backbone insurance business has had a strong 2023. High interest rates have boosted investing income in 2023....
...A group of lenders accused Byju’s of wiring more than $500mn to an obscure Florida-based hedge fund with a registered address to a branch of pancake chain IHOP....
...It is also not clear if Trump would put any of the money from that company into his campaign, but he could use the proceeds to pay his legal fees....
...She is expected to flesh out her vision for EY at a strategy meeting of senior partners this week in Florida. Here’s more on the proposed changes....
...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...
...There are of course other important announcements due this week, not least a steady flow of results, probably best described as a smorgasbord, from retailers and drugmakers to technology companies and insurance...
...Mumenthaler said that individual companies would continue to pursue strategies to curb emissions linked to their insurance policies....
...Hurricane Ian, which hit Florida in September last year, cost insurers some $60bn. General insurers now want less of these risks....
...In perilous locations such as California and Florida they have even stopped writing new policies....
...We discuss how idiosyncratic factors like a new law in Florida and even Taylor Swift’s latest tour are showing up in US prices....
...Let’s not say anything else about Florida laws or government. Ethan WuSo Ron DeSantis, responsible for auto insurance inflation (Alex laughs). Alex ScaggsOh, God....
...Judge Arthur Engoron wrote that statements Trump businesses had submitted to banks and insurance companies “clearly contain fraudulent valuations that defendants used in business”....
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