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...Lawyers’ fees account for just over half of the cost, with another third paid to insurance advisers....
...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...
...Separately, 777-backed budget airline Bonza entered voluntary administration in Australia last month and cancelled its flights, forcing passengers to seek alternative travel arrangements....
...Signa Holding, the central company in the group that owns Selfridges in London, the Chrysler building in New York and KaDeWe in Berlin, filed for administration last month....
...More than a dozen German insurance companies filed a petition with Vienna’s district court last week, a copy of which was seen by the FT, demanding an end to Signa Prime’s self-administration....
...“The good news here is the insurance is in force,” said Neal on Thursday. “The boat is insured, the bridge is insured, the port authority is insured.”...
...The Biden administration has warned of a lengthy disruption to one of the US’s busiest ports, as carmakers reroute their shipments and insurers brace themselves for multibillion-dollar claims following the...
...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....
...The product of four years of study with the Maryland Port Administration, the report recommends that the Corps dredge the West Seagirt Branch Channel to a depth of 50 feet and a width of 750 feet, even wider...
...The insurance sector is expecting a hefty bill....
...Kweisi Mfume, the Democratic congressman representing the bridge’s Maryland district, said the collapse was “an unthinkable horror”....
...Eurovita fell into administration last year, as rising interest rates exposed balance sheet weaknesses....
...was taken into special administration last year following a capital shortfall....
...Wells Fargo and Wilmington Savings Fund Society are named in the suit having allegedly provided administration services to FCI. They have been contacted for comment. How big a deal might all this be?...
...Chris Van Hollen, a Maryland senator who has been critical of Biden for being “feckless” in dealing with Netanyahu, praised the president for moving to enforce a “red line” he had set with respect to Rafah...
...Hur was nominated by Trump in 2017 to serve as US attorney for Maryland and confirmed with bipartisan support in the US Senate....
...The popularity of salary sacrifice for EVs has been helped by a crop of third-party providers, including Octopus and Tusker, stepping in to manage the administration of leasing arrangements....
...Some users of Medicare, the US government-funded insurance programme for seniors, will be able to access weight-loss drugs if they suffer from certain conditions such as cardiovascular disease, officials...
...Eurovita, an Italian life insurer owned by a fund operated by Cinven, the British private equity firm, went into special administration this year after the owner did not provide the level of capital injection...
...The IMF’s paper highlighted the case of Eurovita, a small Italian life insurer that was taken into special administration this year as higher interest rates on other savings products encouraged customers...
...Trump and Milei, who have previously traded friendly messages on social media, both addressed the Conservative Political Action Conference in the US state of Maryland on Saturday. “He’s Maga....
...The FDIC rule change comes at a time when Joe Biden’s administration has been more heavily enforcing rules that seek to stop big corporate deals that risk throttling competition....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...Lord Ken Clarke, former Conservative chancellor, has warned that an incoming Labour government would face the biggest set of problems of any new UK administration since the second world war....
...Some Conservatives, remarkably, still hanker for the kind of economic risk-taking that toppled Liz Truss’s shortlived administration....
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