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...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...Such insurers tend to hold a higher proportion of illiquid assets, and the fund has urged national regulators to consider the risks to the wider financial sector....
...Bank of America has come under fire from environmentalists for changing its tune on Arctic drilling and coal power plants....
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...Rescue operations were being carried out “on the surface of the water, subsurface” and “on the deck of the ship itself”, said Baltimore fire department chief James Wallace....
...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...Hartford Financial Services, which writes far fewer home insurance policies, is down just 5 per cent. Some states limit insurers’ ability to raise premiums....
...But it’s going to be dependent on which data, which company and which time....
...Today, Kaori reports on a UN team developing insurance to help cities cover their costs of hurricanes, fires and other disasters fuelled by global warming....
...Hurricane winds last week led to a firestorm that has claimed at least 99 lives on the island of Maui. Moody’s estimates the insured losses from these fires will exceed $1bn....
...said his party would support the cut in national insurance....
...Workers found escape routes blocked, windows barred and fire extinguishers inoperable. Over 250 of them burned or suffocated to death....
...Shapps said the assaults on shipping had forced 12 international companies, including energy group BP and Maersk, to suspend passage through the Red Sea, and caused insurance costs to increase 10-fold since...
...Online delivery problems are a complaints category all of their own (if you ever run out of things to talk about on a date, this is a sure-fire winner)....
...Geir Belsnes, chief executive of J. Ludwig Mowinckels Rederi, said no one was injured and the crew managed to extinguish the fire....
...Since then, the US backlash against ESG investing has turned its fire on insurance companies, after Texas Republican lawmaker Bryan Hughes reportedly wrote to large insurers with concerns about shareholder...
...But with the years passing and no successor chosen, it might be just a matter of time....
...left any of our existing customers without insurance cover”....
...spill insurance, exposing coastal states in Europe and Asia to huge potential clean-up costs in the event of a disaster....
...The treaty covers the two-thirds of the world’s waters that are not within national jurisdictions....
...The main kind of national and current insurance contribution is being cut by two points or indeed the changes to self-employed National Insurance....
...So today, Mr Speaker, I am going to cut the main 12% rate of employee National Insurance....
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