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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....
...Lawyers’ fees account for just over half of the cost, with another third paid to insurance advisers....
...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!...
...(Politico) A new poll has Trump leading Biden in six of seven swing states, with the president ahead only in Wisconsin....
...Companies: Brazil’s state-run oil company Petrobras is to release its first-quarter results after the market closes....
...Wisconsin’s 10 electoral college votes may, however, be decided by which party can get their supporters to the polls: Marquette’s poll showed just 49 per cent of registered voters in Wisconsin were enthusiastic...
...Petra Hielkema, head of Eiopa, which supervises the bloc’s insurers, said a steady rise in losses from natural disasters such as floods and wildfires needed to be addressed by firms, member states and broader...
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...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...
...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....
...The listed units of state-backed entities reported falling revenues and profits for the full 2023 year and the first quarter of this year, according to Nikkei Asia’s Kenji Kawase....
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...Murdoch cited tight US senate races in key states such as Michigan, Wisconsin and Pennsylvania as contests where political advertising dollars would flow to Fox’s local stations....
...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...
...Buffett has long heaped praise on Apple’s management team and in 2022 he described the company as one of Berkshire’s “four giants”, alongside its insurance operations, the BNSF railroad and its energy and...
...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 biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...Bain & Company on Thursday....
...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....
...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....
...The real action here is whether Chinese companies will be able to sneak autos into the US market via Mexico. EVs thus join steel in the “purely performative” category of Biden tariffs....
...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....
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