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...The Russian dark fleet’s insurance arrangements with Ingosstrakh potentially expose coastal states in Europe and Asia to huge potential clean-up costs in the event of a spill....
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...Hielkema said any pan-EU scheme would need to be carefully calibrated to make sure individual states are pulling their weight on adaptation measures, among other considerations....
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
...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 company disclosed that its auto insurer Geico had passed along higher rates to customers and had suffered fewer claims, lifting its results....
...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....
...But state-backed insurers of last resort, which have expanded as private insurers pull back from some areas, are also big buyers of reinsurance....
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...SAIC Motors, the largest Chinese auto exporter, has “initiated a site selecting process for a European auto manufacturing base”, according to its latest annual report....
...Robinson and other experts have likened the probe to the payment protection insurance scandal, which dates back to the 1990s when banks mis-sold insurance to millions of customers, leading banks to later...
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...Shares in Chinese state-owned carmaker Changan Automobile climbed on Monday, after the company announced an investment into a spin-off of tech group Huawei’s smart car business....
...The tide of money flowing into Indian healthcare also illustrates the widening gulf between the country’s expanding private networks and the parlous state of its underfunded public hospitals....
...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...
...The insurance arrangements potentially expose coastal states in Europe and Asia to huge potential clean-up costs in the event of a spill. 4....
...this week when his company Knight Insurance agreed to underwrite the former president’s more palatable, reduced $175mn bond....
...In 2006, New York State resident Martha Barotz was paid $150,000 upfront by Life Accumulation Trust III (LATIII), which took out insurance that would pay out a $5mn lump sum on her death....
...But development in the US’s most densely populated state is heavily concentrated near shores and rivers, putting homes and businesses at risk. That risk is not being factored in to insurance premiums....
...The attorney-general’s lawyers further claimed Knight Insurance sent “100 per cent of its retained insurance risk to affiliates in the Cayman Islands”, where “lax regulations” allowed the company to bolster...
...The company has a plant in Nevada and is building a second one in Kansas. Panasonic recently ended its talks with the Oklahoma government about investing in the state....
...This has already occurred in home insurance relating to climate, with US states including Florida providing cover for homeowners who are unable to get it; the UK’s Flood Re is a joint government and industry...
...Huawei has been at the heart of US-China tensions for several years amid Washington’s belief that the company poses national security risks stemming from alleged state and military links....
...America’s home insurance crisis: Rana Foroohar uses her own experience to explain the difficulties of finding affordable home insurance in the US....
...The collapse of the legacy car market after decades of growth poses an existential threat to scores of foreign and state-backed carmakers operating in China....
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