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...Ingosstrakh said it maintains higher standards on vetting clients than many rivals....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...That, AM Best reportedly argued, left the market and insurance customers relying on outdated information and left the company at risk of breaching its own policies on prompt publication....
...also come under pressure because US regulators have pushed insurance group A-Cap to cut exposure to the group....
...“The BMA would not approve any transaction that the [insurance company’s home] regulator does not support,” said the BMA....
...New York-listed insurer Assured Guaranty had more than $12bn of exposure to UK water companies at the end of 2023, with more than $2bn to Thames Water alone....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...New York-listed insurance company Assured Guaranty has amassed more than $10bn of exposure to some of the most heavily indebted UK water utilities, underlining how the risks in the troubled sector have spilled...
...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for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...Laura Hughes, its manager for general insurance policy, said the government should “guarantee that flood prevention and resilience measures are considered in all planning decisions and building standards...
...Better building standards could curb rising losses. More investment in climate change mitigation could do the same....
...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....
...Because UK handsets operate on the GSM standard, barred handsets can be shipped overseas and used on foreign networks with a new Sim card....
...Now the world’s largest tea company owns zero plantations, and just has to worry about ensuring its suppliers adhere to its new ESG standards....
...My first port of call was the Institute of Customer Service, an independent professional body that campaigns to raise standards....
...US plans for shutting down a global bank call for removing top management, wiping out the shareholders and imposing losses on creditors of its holding company....
...When a bank fails, the least cost standard requires the FDIC to sell the bank to the highest bidder irrespective of the impact on competition....
...A-Cap owns five insurers: Sentinel Security Life, Haymarket Insurance and Jazz Reinsurance in Utah, as well as Atlantic Coast Life Insurance and Southern Atlantic Re in South Carolina....
...Underwriters have put in tougher exclusions on standard cyber policies for major state-backed cyber attacks, meaning such events will not typically be covered, unnerving some big commercial clients....
...The 20 vessels identified by the FT and Danwatch were carrying a total of about 10mn barrels of oil, according to Kpler, a data and analytics company....
...Reeves said Labour would “absolutely” vote for a 2p cut in the rate of national insurance contributions and for an £11bn “full expensing” tax break for companies that invest in plant and IT....
...“We have argued strongly in favour of regulation to raise standards across the industry and protect consumers,” the company added....
...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....
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