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...cap, while using western-based insurance services — a potential breach of restrictions imposed by western powers to try to crimp Moscow’s oil revenues....
...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...The mechanics of the NAIC’s rule change (as described by Barclays, Bank of America, regulators, industry groups and various other sources) are . . . not especially simple....
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
...Analysts at Bank of America said the deal should not worsen the outlook for capital returns at Aviva....
...Investors will be keen to learn more about its efforts to speed up its rollout and development of AI products....
...The company is expected to report a loss of $1.21 a share, compared with a loss of 69 cents a year ago....
...Instead, he said, they should focus on supporting the energy transition, by creating new types of insurance coverage that support key technologies and companies involved....
...US new home sales: Economists have forecast that sales of new homes in the US increased in March to an annualised pace of 670,000 units, up from 662,000 in February....
...The company warned in the previous quarter of a slowdown in North America in both food and beverages that continued into this year, which was partly affected by the recall of some Quaker Foods products....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
...The London-listed company said winning new North American customers had proved more difficult in the third quarter, pointing to “softer” demand and people moving house less frequently because of soaring...
...The company’s short-term Treasury portfolio and cash generated north of $115mn in interest income for Berkshire’s insurance unit every week last year — or some $6.1bn —, eclipsing the $5.5bn it earned in...
...A British company that becomes listed in Germany will almost inevitably become more German-oriented. A Japanese acquirer of a UK tech company will own that company’s intellectual property....
...In North America, real internal growth was down 5.8 per cent on falling sales of frozen food. Sales in the region fell 7.7 on a reported basis to SFr5.8bn....
...Trump’s lawyers last week said his team had spent “countless hours negotiating with one of the largest insurance companies in the world” in order to secure an appeals bond for the full amount, concluding...
...Insurance groups are now bracing themselves for billions of dollars of losses stemming from the accident, with reinsurers likely to foot the bill in a legal fallout expected to last for years....
...Profits may be hit by additional fees as part of the Federal Deposit Insurance Corporation’s plan to recover losses associated with rescuing Silicon Valley Bank and Signature Bank last year, most of which...
...The Financial Reporting Council, reviewing 263 mainly FTSE350 companies as part of its latest annual review, found 25 requiring restatements of their accounts....
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