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...More than a dozen German insurance companies filed a petition with Vienna’s district court last week, a copy of which was seen by the FT, demanding an end to Signa Prime’s self-administration....
...“We are not going to comment on this matter save as to say that the [secretary of state] has taken such action without as much as requesting a meeting with the companies,” the company said....
...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....
...The UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
...In wildfire-prone California, large insurers, including State Farm, have paused new applications....
...But state-backed insurers of last resort, which have expanded as private insurers pull back from some areas, are also big buyers of reinsurance....
...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...
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...Dang Minh Tam, solutions architect lead at Alibaba Cloud, said the company used co-location — a term for renting out space from data centre operators — in partnership with the two state companies to park...
...The Leningrad region governor said there were no casualties as a result of the Ust-Luga fire and all workers had been evacuated....
...The governor of the Nizhny Novgorod region in central Russia said a drone struck the Kstov industrial zone, causing a fire at an oil refinery owned by Lukoil, the largest non-state owned Russian oil company...
...“Fire fighting [is] very difficult” on modern car carriers, said Richard Gunn, a casualty lawyer at law firm Reed Smith, who added that ships tended to be built with several decks that were built as low...
...He was the latest casualty in a years-long corruption crackdown led by Communist party secretary-general Nguyen Phu Trong....
...,” which is Florida’s state-run insurance company....
...That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...Big insurers such as State Farm and Allstate said recently they had suspended offering home insurance to new customers in California....
...In recent months, both State Farm and Allstate have announced plans to stop writing new policies in fire-prone California....
...Several big US insurers, including State Farm and The Hartford, have paused their underwriting of new home policies in the state of California....
...That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...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....
...The PLD impact assessment estimated annual payouts from the reformed system could reach €217mn and insurance costs for companies rise around 10 per cent....
...Rescue operations were being carried out “on the surface of the water, subsurface” and “on the deck of the ship itself”, said Baltimore fire department chief James Wallace....
...Companies: Paramount, which is preparing to fire its chief executive Bob Bakish, reports results. Domino’s Pizza, SBA Communications and NXP Semiconductors also release earnings....
...insurance contributions....
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