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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....
...The Grenfell fire killed 72 people when it spread through the external cladding of a west London tower block....
...due to fire-safety issues....
...The Australian businessman’s company Greensill Capital, which counted former UK prime minister David Cameron as an adviser, collapsed in 2021 after failing to renew its insurance cover....
...Insurance prices are surging as companies look to repair their margins after years of significant losses from severe weather to insured properties, exacerbated by inflation in rebuild costs....
...The firm collapsed in March 2021 after it failed to renew its insurance cover....
...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....
...The latest French farmers’ protests have served as a baptism of fire for Gabriel Attal, 34, whom President Emmanuel Macron appointed in January as the nation’s youngest ever prime minister....
...That can cause safety concerns as even small dings to battery packs can destabilise cells, potentially causing fires and even explosions....
...Hankey may be playing with fire again....
...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....
...“Farmers Insurance is well on its way to becoming the Bud Light of insurance,” Florida’s CFO Jimmy Patronis said, referring to the culture wars controversy that embroiled beer company Anheuser-Busch InBev...
...supply chain finance company had should pay out....
...the company in as many years....
...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...
...beyond many Chinese residents, particularly farmers and migrant workers who lack access to better urban and private benefit schemes....
...Water companies are increasingly coming under fire for loading themselves with debt while paying out lucrative dividends to shareholders and pay to executives, but not investing sufficiently in vital infrastructure...
...A hotter planet, scientists say, means harsher weather: storms, floods, droughts, fires....
...To quote the avuncular, ’roided out Iroh, former Fire Nation General and tea aficionado from Avatar: The Last Airbender, “the key to wisdom and tea is proper ageing.”...
...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....
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...Decades of low prices have left cash-strapped west African farmers unable to invest in their plantations....
...The company’s interim payout dipped. Admiral shares should yield just over 5 per cent in 2024, according to Visible Alpha consensus....
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