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...The growth in casualty insurance is intended to provide a “better balance” to its catastrophe-exposed property policies....
...development, according to government officials and the property tribunal....
...] and its creditors,” the complaint states....
...The letter states that the company’s management was “not acting in the best interest of the creditors” and had taken a series of decisions that were creating “the imminent danger of causing significant harm...
...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!...
...Continental European commercial property insurance prices rose at the start of the year for the 22nd consecutive quarter, according to an index from broker Marsh....
...Probitas, which provides commercial insurance including professional liability and property catastrophe cover, will keep its management team and brand....
...The lack of affordable property insurance has even driven some to move home....
...The ship’s lead liability insurer, Britannia P&I, said on Thursday it was “working closely with the vessel’s owner and manager and the relevant US authorities as part of the investigation into the casualty...
...Its property and casualty insurance division weakened, posting an overall underwriting loss reflecting worse conditions for areas such as credit insurance, but its major life and health insurance division...
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...The attorney-general’s office suggested the $175mn bond, which is underwritten by Knight Specialty Insurance Company, should be deemed ineffective, and Trump given another week to find an alternative backer...
...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....
...Six residential property and casualty insurers became insolvent in 2022, according to the state....
...Europe’s second-biggest insurer, which cemented its focus on property and casualty insurance with the $15.3bn acquisition of XL in 2018, said it would prioritise dividend growth and annual share buybacks...
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...It is 28 per cent owned by the Shenzhen Metro, occupying a middle ground between a private and state-owned company....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...It’s not dissimilar to finding a way to house state-of-the-art materials within the historic structure of Hunts Green Barn....
...to the court in order to avoid property seizures while he appeals against a near half-billion-dollar judgment against him and his companies....
...Property and casualty insurers may comfort themselves that their exposure to climate risk is limited by annual contracts — an industry standard that enables them to reprice, limit or completely withdraw...
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...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....
...Overall, the group posted a €5.1bn operating profit for the period, up 17 per cent on the same period last year, with profitability improving at its property and casualty division despite losses from European...
...Insurance also operates on rolling contracts. Right now, auto insurers are perhaps pushing up premiums to make up for higher post-pandemic costs. Both should settle, but it will require patience....
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