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...The growth in casualty insurance is intended to provide a “better balance” to its catastrophe-exposed property policies....
...In partnership with Johns Hopkins University in Maryland, Lloyd’s is conducting research into the role of insurance in the transatlantic slave trade, through which millions of Africans were forcibly transported...
...The ship’s lead liability insurer, Britannia P&I, said on Thursday it was “working closely with the vessel’s owner and manager and the relevant US authorities as part of the investigation into the casualty...
...These larger vessels have a greater risk of grounding, collision, allision, and marine casualties. These risks have resulted in limitations to operations within the Harbor....
...The insurance sector is expecting a hefty bill....
...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...
...The insurance claim stemming from the accident could reach $1bn-$3bn, Barclays analysts estimated on Wednesday....
...Kweisi Mfume, the Democratic congressman representing the bridge’s Maryland district, said the collapse was “an unthinkable horror”....
...Its property and casualty insurance division weakened, posting an overall underwriting loss reflecting worse conditions for areas such as credit insurance, but its major life and health insurance division...
...Europe’s second-biggest insurer, which cemented its focus on property and casualty insurance with the $15.3bn acquisition of XL in 2018, said it would prioritise dividend growth and annual share buybacks...
...Overall, the group posted a €5.1bn operating profit for the period, up 17 per cent on the same period last year, with profitability improving at its property and casualty division despite losses from European...
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...Farmers Insurance, one of the biggest property and casualty providers in the US, found itself under attack this year for political “wokeness”....
...He spent the weekend at the Camp David presidential retreat in Maryland preparing for the speech....
...That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...insurance coverage at short notice....
...These costs would presumably be reflected in property and casualty insurance rates, along with many other pressures that are affecting the world right now....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Having outperformed other financials last year, the S&P Property & Casualty Insurance index is down 7 per cent so far this year. That compares with the S&P 500’s 15 per cent gain....
...Among Berkshire’s operating segments, the backbone insurance business has had a strong 2023. High interest rates have boosted investing income in 2023....
...Across the board, US property & casualty insurers had a $27bn net underwriting loss last year, their worst performance since 2011....
...Further reading: — What’s going on with US car insurance? — Car insurance! Again! — The US insurance storm continues — Taking a CLOser look at insurers...
...This was offset by strong trading in property and casualty insurance, which helped the company generate €4.1bn in underlying earnings....
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