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...“The role of reinsurance, particularly offshore reinsurance, is making [it] even harder to regulate an already opaque life insurance sector,” he added....
...According to the business department, taxpayers could be liable for £2mn in redundancy payments that were paid to staff of Greensill Capital’s management company by the National Insurance Fund....
...The jury in an Illinois state court came to the conclusion that one of its formulas for premature babies, Enfamil Premature 24, which is manufactured by Reckitt’s US infant formula business Mead Johnson,...
...The company can either seek a post-trial dismissal motion or, if that fails, appeal to an Illinois district appellate court....
...The area of private medical insurance that has seen the strongest growth has been in the number of people taking out personal cover, according to a survey by Statista Consumer Insights, a research company...
...The FTSE 250 company, which runs 39 hospitals as well as clinics and medical centres, said it was also benefiting from a strong rebound in corporate private medical insurance as more employers take out policies...
...Monday’s report also called for bodies such as the National Infrastructure Commission, an executive agency that provides advice to the government, to be given a “broader remit and be less at the mercy of...
...Car owners have been squeezed by a surge in insurance prices since their pandemic lows, as companies try to reflect a surge in claims costs....
...National General implemented rate increases at 10% in 2022 and an additional 12.8% in 2023....
...Most Conservative MPs welcomed the cut in national insurance rate from 10p to 8p, which repeated a 2p cut in the Autumn Statement....
...He confirmed the heavily trailed 2p cut in national insurance contributions, a shake-up of the “non-dom” tax regime and the creation of a “British Isa” to encourage investment in UK-listed companies....
...A 2p cut in national insurance would cost about £10bn. The Treasury declined to comment....
...But in terms of the internal battle within the Tory party, the national insurance cut has done its job, in that Rishi Sunak is still prime minister....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...Such insurers tend to hold a higher proportion of illiquid assets, and the fund has urged national regulators to consider the risks to the wider financial sector....
...He believes we have to start with civic engagement “to break through the partisan divide at the national level”....
...Some Tory MPs believe income tax should have been cut rather than national insurance. “People don’t really understand national insurance,” complained one....
...The Institute of Directors has requested tax credits for companies that train staff where there are national shortages....
...The boss of one UK business with more than 15,000 employees told the FT his company had given its entire staff private medical cover, in response to the pressures on state healthcare....
...Auto-insurance businesses are still losing money. And a run of unusually destructive bad weather has brought additional losses for their property-insurance businesses....
...government wanted to “bring national insurance down” in the “next parliament”....
...A preliminary report into the Alaska incident by the National Transportation Safety Board is also expected to be published this week....
...One Tory MP, when told that Hunt intended to cut national insurance and not income tax, said simply: “Oh no.”...
...The point of the temporary accounting-rule change, from the National Association of Insurance Commissioners, was to shield life insurers’ capital from losses caused by rising interest rates....
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