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...That, AM Best reportedly argued, left the market and insurance customers relying on outdated information and left the company at risk of breaching its own policies on prompt publication....
...The advisory services company, which is part of Los Angeles-based B Riley Financial, does restructuring and turnaround work, forensic accounting and litigation support, and valuations....
...Read up on those transactions in the piece, as well as one relatively opaque deal that hasn’t gotten any media attention at all: an $82bn dividend Berkshire’s biggest insurance unit paid the parent company...
...Lloyd’s of London and Arch Insurance are listed as representative defendants on behalf of the multiple insurers on the policies....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...“This has resulted in insurers having to pass on these increases in premiums.”...
...Barings won a preliminary injunction against the company and key employees in a North Carolina court last month....
...Waste-management companies, on the other hand, are expected to pass through most of their extra costs to ratepayers/all of us: The waste industry is likely to pass along the costs of PFAS treatment to customers...
...That deadline is what makes this entire situation interesting (outside of this blogger’s inexplicable interest in insurance)....
...We’re also reading . . . America’s home insurance crisis: Rana Foroohar uses her own experience to explain the difficulties of finding affordable home insurance in the US....
...Auto-insurance businesses are still losing money. And a run of unusually destructive bad weather has brought additional losses for their property-insurance businesses....
...Insurance Australia Group, the Sydney-based insurer embroiled in litigation over the collapse of finance company Greensill Capital, has said it has 20 claims with an aggregate value of A$7bn ($4.5bn) related...
...“You ought to be very frightened if you’re a CEO,” reckons former Unilever chief executive Paul Polman, who has supported some climate litigation....
...It’s fairly hard for an insurance company to argue against death. Unless you’re Lord Lucan....
...So they are an insurance company for insurance companies. They do have a primary property casualty insurance unit, but mostly they’re reinsurance....
...We’re also in a relatively soft period in terms of demand because of the impact of all those interest rate rises that we’ve seen, and thus it might not be that easy for companies to directly pass on these...
...Knight Insurance agreed to underwrite the former president’s more palatable, reduced $175mn bond....
...And you’re not seeing as much evidence of that in this auto insurance story. Alex SkaggsYeah. So the auto insurers all track their margins in great detail. Ethan WuYeah....
...It said it was still looking for ways to recover losses including through insurance claims and litigation....
...In today’s newsletter: Mnuchin profits from NYCB crisis A look at the ‘eccentric’ company behind Temu Trump’s Treasury secretary finds opportunity in NYCB’s rescue Steven Mnuchin is on track to earn...
...“The US is going to be more competitive in the buildout of this infrastructure. We’re going to do it faster.”...
...Shares of companies with large auto-insurance businesses — ones that trade without the protection of Warren Buffett’s imprimatur, at least — have started to reflect those issues....
...Rees-Mogg might have looked less silly had he thought to mention the insurance industry, where EU laws had restricted companies’ investment in illiquid assets....
...“It’s the product of the 10 years of investments we’ve made and the 10 years we’re about to make that’s going to continue to see that kind of growth going forward,” Lake said....
...Breaking it down by the number of impacted companies, Brenis finds that out of 248,445 firms in Great Britain importing globally, some 40,619 (16 per cent) were importing ‘at risk’ plant and animal products...
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