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...Brown sent the Horizon report to Biden, and his position was backed by two other industrial state senators — Ohio Republican JD Vance and Pennsylvania Democrat Bob Casey — in comments to the FT....
...The company plans to invest €3.7bn between 2023 and 2027 in North America, which includes major expansions of petrochemical plants in Geismar, Louisiana, and in Cincinnati, Ohio....
...The Russian dark fleet’s insurance arrangements with Ingosstrakh potentially expose coastal states in Europe and Asia to huge potential clean-up costs in the event of a spill....
...Lawyers’ fees account for just over half of the cost, with another third paid to insurance advisers....
...Moreno defeated Matt Dolan, a more moderate state legislator who had received the endorsement of Mike DeWine, the state’s popular Republican governor....
...At full capacity the $600mn plant will employ more than 1,000 workers, giving a jolt to the economy of the rural community on the fringes of Columbus, the Ohio state capital....
...Petra Hielkema, head of Eiopa, which supervises the bloc’s insurers, said a steady rise in losses from natural disasters such as floods and wildfires needed to be addressed by firms, member states and broader...
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
...Tim Spence, chief executive at Fifth Third Bank, based in Cincinnati, Ohio, said the competition for deposits remained “robust”, but that banks were no longer having to offer customers such generous terms...
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...New York-listed Chubb will pay $350mn to the US state of Maryland, as insurers start to cover the collapse of Baltimore’s Key Bridge in March....
...The company is also building a new government-subsidised plant in Germany. Intel’s manufacturing business incurred operating losses of $7bn in 2023, steeper than the year before....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...The state of Ohio offered Intel some $2bn in incentives for the project, including a 30-year tax break....
...But state-backed insurers of last resort, which have expanded as private insurers pull back from some areas, are also big buyers of reinsurance....
...Bain & Company on Thursday....
...the outskirts of Columbus, Ohio, the state capital....
...Companies: Brazil’s state-run oil company Petrobras is to release its first-quarter results after the market closes....
...In 2006, New York State resident Martha Barotz was paid $150,000 upfront by Life Accumulation Trust III (LATIII), which took out insurance that would pay out a $5mn lump sum on her death....
...Looking forward, we will pursue rate increases in 10 states to improve margins and in other states to keep pace with increases in loss costs. Used-car costs have, in contrast, declined....
...But development in the US’s most densely populated state is heavily concentrated near shores and rivers, putting homes and businesses at risk. That risk is not being factored in to insurance premiums....
...Barings has raised billions of dollars for its private credit strategy from investors including Staffordshire County Council’s pension fund and a fund that invests the money of Ohio schoolteachers....
...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...
...Last August, the USW said it would not endorse any other bidder for US Steel, hailing the Ohio-based company as “an outstanding employer”....
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