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...The move has already caused ructions among direct insurers, contributing to the decisions of insurers such as State Farm to stop underwriting new home cover in California....
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...In wildfire-prone California, large insurers, including State Farm, have paused new applications....
...from state-owned insurance companies....
...Such an attack could cause $3.5tn in global economic damage, according to modelling by the Cambridge Centre for Risk Studies for the Lloyd’s of London insurance market, released in October....
...Wes Moore, the governor of the state of Maryland, has declared a state of emergency after the elevated roadway’s disintegration into the Patapsco river....
...Lloyd’s itself caused controversy when it insisted on an exclusion in standard cyber insurance policies for big state-backed attacks....
...Read more here. 5) Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour....
...Several big US insurers, including State Farm and The Hartford, have paused their underwriting of new home policies in the state of California....
...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....
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...The global insurance sector is expecting billions of dollars of claims after the Dali container ship struck the Francis Scott Key Bridge on Tuesday, in what Lloyd’s boss John Neal said could be the largest...
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...California last month struck a deal with insurance companies to continue writing policies for property in disaster-prone areas, after big US names such as State Farm and Allstate stopped issuing any new...
...Yet Sam Day, an insurance adviser who works in the county’s Southlake Mall, said she was in a “really scary spot”, as the soaring cost of living crimped her disposable income....
...Can she make it to Super Tuesday on March 5, when 16 states and territories will hold their primary contests?...
...A leading voice in Lloyd’s of London’s marine insurance market has called for a “Plan B” on western sanctions levelled against Russia over its war in Ukraine, amid rising concerns over unintended consequences...
...Bank of America raised concerns with Lloyd’s of London about a move to exempt big “state-backed” cyber attacks from standard insurance policies, underscoring the concern among financial institutions about...
...Nearly all of her games with Iowa have sold out this season, and she has built a sponsorship portfolio worth $3.1mn, including blue-chip brands Nike, Gatorade, Buick and State Farm insurance, according to...
...The FCA’s probe has echoes of the payment protection insurance scandal, which eventually led to banks paying out more than £50bn....
...The debate unleashed by Lloyd’s has also exposed how contentious the question of cyber insurance has become for the industry....
...The UK’s market is centred on Lloyd’s of London, which is a hub for negotiation of these policies, while Switzerland is host to big insurance and reinsurance groups such as Zurich and Swiss Re....
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