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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....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...National General implemented rate increases at 10% in 2022 and an additional 12.8% in 2023....
...The restrictions set out by the Federal Deposit Insurance Corporation on Thursday would apply to any takeover that created a bank with more than $50bn in assets, and increase for any deal above $100bn....
...By European standards, then, Britain seems to balance the public interest in retaining national heritage with the rights of property owners, but it only makes sense if the money can realistically be raised...
...Deposit Insurance Corporation has warned....
...The writer is a former chair of the US Federal Deposit Insurance Corporation and a senior adviser to the Systemic Risk Council Thoughtful shoppers distinguish between best price and best value....
...The company on Wednesday reported a $355mn net loss in the first quarter....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...They say the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency have exceeded their remit and could diminish the competitiveness of US banks by unilaterally...
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...But the apparent death of customer service in the UK has moved the national conversation on from talking about the weather....
...labour and environmental standards through its contracting....
...Today, the National Flood Insurance Program is about $20bn in debt....
...On Monday, an Ipsos poll for the Evening Standard put support for the party at a record low of just 20 per cent, the lowest level since the company began its tracker poll in 1978....
...However, the business made back some its losses when it boosted US sales during a national baby formula shortage, after competitor Abbott Laboratories closed a factory following reports of bacterial infections...
...“We will continue to hold Boeing to the highest standard of safety and will work to ensure the company comprehensively addresses these [report] recommendations,” the FAA said....
...The accident, which involved Boeing’s 737 Max 9, is being investigated by the US Department of Justice, the National Transportation Safety Board and the US Federal Aviation Administration....
...The deal still needs to be approved by a federal court. But it has the potential to drive down commission rates and force hundreds of thousands of agents out of the industry....
...They have also garnered the support of Republicans in the House, who called on the heads of the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency...
...Here’s what else I’m keeping tabs on today: Companies: Boeing is expected to report a first-quarter loss later today amid ongoing concerns about safety standards at the aircraft maker....
...It was, Flirtey said, the first US Federal Aviation Administration-approved commercial drone delivery. Yet eight years on, the US still lacks a national drone delivery service....
...In the wake of three of the largest bank failures in US history a year ago, the US Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are all pushing...
...The point of the temporary accounting-rule change, from the National Association of Insurance Commissioners, was to shield life insurers’ capital from losses caused by rising interest rates....
...Here’s why the states believe their move would protect retirees, widows and orphans relying on annuities and other insurance products. 2....
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