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...More than a dozen German insurance companies filed a petition with Vienna’s district court last week, a copy of which was seen by the FT, demanding an end to Signa Prime’s self-administration....
...Premiums, and commissions, have surged since the Grenfell fire for buildings with combustible cladding and other building defects....
...11 metres in height, with known fire-safety issues, and to cap the proportion of the premiums that they take at 15 per cent....
...White Oak, another Greensill investor, claimed in a separate lawsuit this year that some companies listed as owing Liberty Commodities money had “no transaction history whatsoever” with the group....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Over the weekend Greater Manchester Fire and Rescue Service said it had worked “closely” with the venue to ensure fire safety measures were in place ahead of Saturday’s event and would continue to do so....
...Also in the group is Manuel Sánchez Rodriguez, a former top executive at Spanish bank BBVA and a board member, since 2018, of the US government-backed mortgage insurance company Fannie Mae....
...Earlier this year, CVS Health spent nearly $20bn to acquire home health provider Signify Health and primary care network provider Oak Street Health....
...That can cause safety concerns as even small dings to battery packs can destabilise cells, potentially causing fires and even explosions....
...Wright sold the Oak Park property in 1925. The Frank Lloyd Wright Trust acquired it in 1974 and spent 13 years restoring it to its 1909 appearance....
...Hankey may be playing with fire again....
...Between 2000 and 2008, the Federal Deposit Insurance Corporation issued 1,243 new insured commercial bank charters, an average of 138 a year....
...Next, the shadow banking system — an assortment of financial institutions ranging from hedge funds to insurance companies — still lacks the liquidity to weather price adjustments, according to the FSB....
...the company in as many years....
...In the filing, IAG also claims that Marsh, the world’s biggest insurance broker and the company that placed Greensill’s cover with insurers, “ought reasonably to have known” that the wording of a key 2019...
...London-based PIC has more than 300,000 policyholders amassed through so-called bulk annuity deals, where it takes over pension fund liabilities and the assets backing them from their sponsoring companies...
...Cigna is reportedly in talks to merge with Humana in a deal that would create a US health insurance company worth $140bn....
...In the most serious attack so far, on January 26 a missile struck the oil products tanker Marlin Luanda carrying products for commodities trader Trafigura, starting a fire that took the crew and naval vessels...
...By contrast, the amount paid in claims during the quarter was up 11 per cent, as insurers paid out to cover fire, theft, weather, water leaks, and other events....
...Insurance companies have pushed up the costs of protecting homes, cars and valued possessions from loss and damage....
...Acknowledging that the impact of climate change varies by region and each so-called “peril”, such as wind, fire and flood, Mitchell-Wallace called for a “well-considered” approach from the market with investment...
...Under bareboat charters, charterers take charge of crewing and other operational matters....
...through two quick-fire deals for rival banks....
...Admiral has traditionally led the wider motor insurance market on prices. Peer Direct Line may be about to report the same uplift in results due next month....
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