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...The UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
...Most agree that an insurance sector that took in about $12bn in premiums last year, according to figures from S&P Global Ratings, is by no means large enough to cover a systemic cyber attack....
...Under-insurance is a vast problem in the island nation; 95 per cent of those affected by 2021’s Hurricane Elsa did not have insurance....
...Having outperformed other financials last year, the S&P Property & Casualty Insurance index is down 7 per cent so far this year. That compares with the S&P 500’s 15 per cent gain....
...Major oil companies often stop using tankers after 15 years of wear and tear....
...In the US S&P 500, three out of the 10 companies targeted by climate-related shareholder proposals for the 2023 AGM season have been insurers....
...and research at S&P Global Ratings....
...Kelsey Gragert, a 31-year-old crop insurance underwriter who is a Democrat, doubted that DeSantis has what it takes to beat Trump....
..., which initially shrank as existing underwriters derisked, quickly became a magnet for new profit-hungry insurance capital....
...Among the eligibility criteria, companies must be ranked in the top 75 per cent of their industry group by S&P’s ESG ratings team....
...Trans Mountain’s current insurance policy expires at the end of August, with Marsh, the world’s biggest insurance broker, in charge of finding underwriters that will stomach the reputational risk....
...Businesses are scurrying to buy insurance. Unsurprisingly, the price of cover is rising....
...“We plan to continue investigating the validity of the insurance policies,” Endo said....
...Gold for December delivery settled 0.3 per cent higher to $2,039 a troy ounce....
...SelectQuote, an online insurance comparison platform, sold shares on Wednesday, raising $570m....
...The benchmark S&P 500 closed 0.6 per cent higher at 3,039.4, taking it past its previous peak of 3,025.9 on July 26 and notching an intraday record of 3,044.1 in the process....
...Aon With 85 per cent of the value of S&P 500 groups represented by intangible assets such as intellectual property (IP), many companies cannot find adequate insurance cover....
...“What about the underwriters?” I asked. “Oh, they are probably different underwriters. Each year we review our underwriters.” “And don’t you give their new low prices to all existing customers?”...
...But executives at some of the world’s largest tanker companies said there was unlikely to be panic....
...Jill McDonald, managing director of M&S’s clothing and home arm for just over 18 months, will step down with immediate effect, the company said....
...The insurance industry has undergone a spate of M&A activity in recent years as brokers and underwriters react to falling prices, which have put revenues and profits under pressure....
...Aside from the Lutine Bell, quaint traditions include liquid lunches for underwriters and steep admin costs....
...Last year, Bob Diamond’s Atlas Merchant Capital bought $3bn worth of annuities from The Hartford, a US insurance company, pledging to manage its assets in-house....
...“Evergrande is very levered, so, yes, they do need cash,” said a high-yield debt underwriter at a western bank in Hong Kong....
...“I’d love to get the company back to being the underwriter that basically sets the standards in our industry.”...
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