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Showing results for MAZZA et al v. ALLSTATE NEW JERSEY PROPERTY AND CASUALTY INSURANCE COMPANY

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Insurance
Aon chief calls for better models for ‘stressed’ property insurance market
...“There has not been a lot of new companies and additions to capital, which given the current levels of profitability . . . you would expect [to] happen....
April 7, 2024
Signa Holding
Insurers built €3bn exposure to struggling Signa property empire
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
December 12, 2023
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
Climate change
UAE’s al-Jaber invites business chiefs to climate talks on eve of COP29
...Sultan al-Jaber is planning a final flourish as president of the UN COP28 summit by calling the heads of the world’s largest energy and tech companies for climate talks in Abu Dhabi days before COP29 begins...
May 9, 2024
Lloyd's of London Ltd
Lloyd’s of London attracts biggest ‘Names’ syndicate since 1990s
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
March 28, 2024
Insurance
Auto-insurance costs rear their ugly head yet again
..., New York and New Jersey....
February 13, 2024
Berkshire after Buffett
Berkshire after Buffett: the risk ‘genius’ pulling the insurance strings
...“Ajit’s achievements since joining Berkshire have been supported by a large cast of hugely-talented insurance executives in our various P/C [property-casualty] operations,” he wrote....
May 2, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 4 September237 Park Avenue, New York, NY, USA
Rana Foroohar
The crippling home insurance crisis hitting America
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
April 29, 2024
US insurance industry
Allstate is a BBB credit now
...Allstate’s 2Q underwriting results (as measured by its “combined ratio”) highlights what can happen when weather and economic conditions turn against property and casualty insurers....
August 14, 2023
Letter
Letter: A plan to combat cost of climate disaster insurance
...The UK’s recent implementation of Biodiversity Net Gain — new rules requiring developers to deliver a nature benefit when building new homes, as well as commercial and industrial developments — can help...
March 7, 2024
US insurance industry
The US insurance storm continues
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
August 3, 2023
Israel-Hamas war
Israel votes to shut down Al Jazeera in the country
...These efforts continue, although Netanyahu has insisted that Israel’s war in Gaza would not end regardless of whether a new ceasefire-for-hostage deal is reached, as mediators await an official response...
May 5, 2024
North American prime property
The rise of the Manhattan mega renter
...According to the US census bureau, of the 545,500 residents of New York who left in 2022, 91,201 of them — just over 16 per cent — ended up in Florida, beating neighbouring New Jersey and Connecticut....
May 10, 2024
Aviva PLC
Aviva returns to Lloyd’s of London for first time in two decades
...The insurer was likely to “receive questions about potentially buying a commercial lines [property and casualty] business at the top of the cycle . . . but the purchase price seems reasonable in this respect...
March 4, 2024
The FT ViewThe editorial board
The painful rise in home insurance costs
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
April 1, 2024
LexInsurance
Sampo/Mandatum: demerger gives Nordic insurer new lease of life Premium content
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
October 2, 2023
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
Israel-Hamas war
Israel passes bill to shut local Al Jazeera office
...Abu Omar was not the only Al Jazeera casualty of the war....
April 1, 2024
Special ReportFuture of Water
US housing market belatedly wakes up to flood risk
...Faisal Mairaj knew he was buying a house in a flood zone when he purchased a rental property in Manville, New Jersey, in 2016....
March 22, 2024
Chinese economy
Chinese homebuyers favour ‘second-hand’ houses as property crisis bites
...In a sign of the property market’s precarious state, sales of new builds, which represent the basis for core national statistics on the market, are falling sharply....
May 6, 2024
Country Garden Holdings Co Ltd
Chinese developer Country Garden misses payment on dollar bond, say creditors
...Several state banks last year unveiled new credit lines to companies including Country Garden as part of government support for the property market. But Country Garden’s sales kept falling....
October 19, 2023
Climate change
EU regulator urges action on climate threat to insurance
...Continental European commercial property insurance prices rose at the start of the year for the 22nd consecutive quarter, according to an index from broker Marsh....
April 22, 2024
The Big Read
The painful slump in Hong Kong property
...In the boardrooms of Hong Kong’s big developers — Henderson Land, CK Asset, Sun Hung Kai Properties and New World Development — there is growing unease about the correction....
May 8, 2024
Zurich Insurance Group AG
Zurich’s sale of $20bn life insurance book to PE-backed group collapses
...Regulatory scrutiny of the special risks presented by private equity ownership of life insurance companies has climbed, after Italy’s Eurovita — another life insurer majority owned through Cinven funds —...
January 30, 2024
Insurance
Chubb to send $350mn insurance payout for Baltimore bridge
...New York-listed Chubb will pay $350mn to the US state of Maryland, as insurers start to cover the collapse of Baltimore’s Key Bridge in March....
May 2, 2024
Insurance
Scrapping the spreadsheet: start-ups take aim at an old insurance addiction
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
April 7, 2024
Property sector
Kazakh oligarch Timur Kulibayev sells Mayfair mansion for £35mn
...The acquirer of 41 Upper Grosvenor Street was first reported by React News....
May 9, 2024

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