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...He called for forward-looking analytic models that better understand the risk and so improve the supply of insurance....
...The division had roots in Credit Suisse First Boston’s New York mortgage securitisation business in the 1980s and was led by veteran executive Jay Kim, who moved with most of the team to Atlas SP when the...
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...Questions over the dark fleet’s insurance are a long-standing industry concern, with doubts over the ability and willingness to cover the costs of a large spill such as the Exxon Valdez disaster or the Braer...
...This part of the insurance industry has been hit by four consecutive years of outsized losses from extreme weather....
...The Vancouver-based group said on Thursday that the loan, which is the largest ever extended by the US Department of Energy to a mining group, will help it develop the Thacker Pass project that will generate...
...Hielkema warned the industry against the “easy solution” of just excluding high-risk areas from coverage. “If you do that, you will, in the end, lose trust and lose your reason to be there.”...
...The state regulates home insurance premiums to protect homeowners, but in some cases that has made business unviable....
...The chief executive of FTSE 100 group Admiral, one of the biggest UK car insurers, said its motor insurance prices had peaked, signalling the end of a surge in premiums across the industry that sent the...
...Tysers and HW Wood, two reinsurance broking firms that operate in the Lloyd’s of London insurance market, agreed to pay bribes between 2013 and 2017 to the then-chair of two state-owned insurers, Seguros...
...It has also prompted lawmakers in both red and blue states to introduce so-called “Taylor Swift” bills aimed at reining in the ticketing giant....
...”, when the cost of insurance fell as miles driven, and accidents, plummeted....
...Hyperexponential is just one of several new businesses hoping to automate the data input and analysis that is the mainstay of the job of underwriters — the insurance industry’s core decision makers....
...Many economists say rising real wages, falling inflation, cuts in national insurance and the increase in the living wage will all help household incomes and spending....
...Trump is narrowly leading Biden in five swing states — Arizona, Georgia, Michigan, Nevada and North Carolina — according to RealClearPolitics’ average of polls — and in effect tied in Pennsylvania and Wisconsin...
...Nevada: unemployment and the economy Economic messaging will be critical in Nevada, where the Covid-19 pandemic walloped the state’s casinos and the recovery has been slow....
...Though the gambling business is doing just fine — the Vegas Strip generated record revenue of $821mn in November — city and state leaders are also pushing to expand the economy beyond tourism, gaming and...
...And for all of the histrionics of Musk, there is not even a hint that other big public companies are set to abscond to Texas, Nevada or any other state....
...The US offers the greatest potential at the closest distance to the earth’s surface, led by states such as Nevada and California....
...Behind the scenes Biden is heading to Nevada and Arizona this week as his campaign builds its political operation in the two swing states....
...Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour. Yet last year’s performance was the best for 16 years....
...This was offset by a positive contribution from other business lines, such as home insurance and motor rescue....
...However, overall premiums fell shy of the £56bn revenue target set last year, which Keese said was partly a result of firms not writing as much business as anticipated in areas such as cyber and directors...
...The insurer was likely to “receive questions about potentially buying a commercial lines [property and casualty] business at the top of the cycle . . . but the purchase price seems reasonable in this respect...
...Amazon’s online pharmacy business is benefiting from the frenzied demand for anti-obesity drugs among Americans, according to the division’s head, in a boost to ecommerce giant’s bid to disrupt the $4tn...
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