Hints and tips:
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...But two of the ships, the Nichole and the Yasa Golden Dardanelles, did have protection and indemnity insurance from western providers at the time of the voyages, respectively the American Club and Britannia...
..., such as professional indemnity, to be structured for ILS investors....
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
...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...
...As companies exit some areas and demand higher premiums in others, affordable home insurance cover — for many an essential annual outlay, often a condition of their mortgage debt — is getting harder to secure...
...Martin Gruenberg, chair of the Federal Deposit Insurance Corporation, warned of “significant downside risks to the banking industry”....
...But it does raise questions of competence and also why the cost of providing indemnity insurance to the buyer should be borne by the listed fund and not the manager....
...Unemployment insurance claims are low. The four-week average of initial claims is below where it spent most of 2023, and on par with 2019 levels....
...Insurance companies have long complained about obesity-related costs, but also don’t like the idea of tens of millions of Americans suddenly going on semaglutides....
...Skinner was a veteran of the marine protection and indemnity industry, according to industry publication TradeWinds....
...The fund is managed day-to-day by an insurance services company, Thomas Miller....
...Fed talk: Federal Reserve Bank of Minneapolis president Neel Kashkari participates in a question-and-answer session hosted by the Wharton Central Banking Club in Philadelphia....
...Philadelphia’s unruly sports fans, at least, know this well....
...In December, protection and indemnity insurers, which provide liability insurance to seaborne trade, warned that their reinsurers had cancelled certain insurance covers for Ukraine war-related claims....
...with the Financial Times, Roppestad estimated that since Russia invaded Ukraine “several thousand” more ships were trading around the globe without cover from the International Group of 12 Protection & Indemnity...
...US politics: In Philadelphia’s electorally crucial suburbs, sympathy for Donald Trump and his legal woes is dwindling....
...Norway’s Gard, part of the international group of 13 protection and indemnity clubs, also said on its website on Tuesday that a resolution had been found....
...Although the price-cap mechanism allows western companies to continue to underwrite such cargos, it has become harder for shippers to get some types of insurance....
...Pension reform has come under the spotlight as research by Ondra Partners shows holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to...
...Customers Bancorp, based in suburban Philadelphia, cut its commercial real estate lending by nearly $25mn in the first quarter....
...Rana Foroohar: Last month, a big insurance company said it would stop selling California homeowners coverage because of wildfire risk....
...The International Group of P&I Clubs, which provides prevention and indemnity insurance to 90 per cent of the industry, has said it cannot comply....
International Edition