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...due to fire-safety issues....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
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...The increase was mostly due to higher adjusted pay and benefits, according to the company’s earnings commentary....
...Honeywell Legal Department: Outside counsel management Liberty Mutual...
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Case studies in best practice among general counsel and company legal teams in North America
...“While we don’t like increasing fees, it’s one step we are taking to return our company back to profitability and cover the increased costs of transporting bags.”...
...That can cause safety concerns as even small dings to battery packs can destabilise cells, potentially causing fires and even explosions....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...Mnuchin started Liberty in 2021 after leaving the Trump administration....
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...Hankey may be playing with fire again....
...Boston-based Liberty Mutual said in 2019 that it would not underwrite companies with exposure to thermal coal of more than 25 per cent....
...But consumer groups argue that any drag on returns is far outweighed by the potential losses from rapid outflows that can lead to fire sales....
...When I chaired the FDIC during the financial crisis, we sold the failed the mortgage lender Washington Mutual to JPMorgan. It was our only bidder and was prepared to take over WaMu immediately....
...Next, the shadow banking system — an assortment of financial institutions ranging from hedge funds to insurance companies — still lacks the liquidity to weather price adjustments, according to the FSB....
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...London-based PIC has more than 300,000 policyholders amassed through so-called bulk annuity deals, where it takes over pension fund liabilities and the assets backing them from their sponsoring companies...
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