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...“This fire sale can easily destroy hundreds of millions of euros in value,” a person familiar with the concerns warned....
...The Grenfell fire killed 72 people when it spread through the external cladding of a west London tower block....
...due to fire-safety issues....
...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...
...The British Insurance Brokers’ Association trade body backed Blanc’s call for a review of the cap....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...The only sure-fire way to keep a lid on insurance costs in risky areas is for governments to put more effort into climate mitigation strategies and support for retrofitting, including for flooding, subsidence...
...That can cause safety concerns as even small dings to battery packs can destabilise cells, potentially causing fires and even explosions....
...The legal fallout from the collapse is expected to take years to resolve, with discovery in the Australian insurance proceedings set to stretch into at least next year....
...Higher interest rates lit a fire under the corporate pensions market, with improved scheme funding levels meaning hundreds of billions of pounds of pension obligations are expected to be transferred from...
...Hankey may be playing with fire again....
...A pledge by five insurance brokers to stop sharing building insurance commissions with landlords, and to cap their own fees, applies to buildings over 11m in height, with known fire-safety issues...
...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....
...Supply chain difficulties have also driven up construction costs for fire and flood-damaged homes, and global increases in the frequency and severity of weather events are also driving up premiums....
...He doesn’t want to fire Bob Iger, he insists, but he is critical of bloated executive compensation over the past decade as shares underperformed....
...The International Union of Marine Insurance said in September that although fires caused by these vehicles were not more common or intense than those caused by traditional cars, new firefighting techniques...
...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....
...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....
...The government has taken action including overhauling prospectus regulation, consulting on scrapping short selling bans on government debt, and taking steps to repeal regulations on packaged retail and insurance...
...Rescue operations were being carried out “on the surface of the water, subsurface” and “on the deck of the ship itself”, said Baltimore fire department chief James Wallace....
...But it’s insurance — you should pay for insurance, you shouldn’t get paid for it. Nassim would say, well, there is a fair amount of alpha to how you construct the options strategies....
...The management of the Federal Deposit Insurance Corporation, which has come under fire in the past week following a report of widespread sexual harassment and gender discrimination at the agency, on Tuesday...
...This evokes memories of the long-running, and very expensive, payment protection insurance scandal. Any lenders funding motor finance should worry about how this problem could mushroom....
...Fire risks are also rising, given ships are carrying greater amounts of lithium-ion batteries....
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