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...He called for forward-looking analytic models that better understand the risk and so improve the supply of insurance....
...But one government official with direct knowledge of the matter said: “The Treasury is working towards a September fiscal event and will try to cut national insurance by another 2p. That’s the plan.”...
...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...But regulators are studying the liquidity risks being stored up in these strategies, and the potential spillover effects for the wider financial sector....
...MS Amlin, one of the biggest Lloyd’s of London insurers, plans to expand in areas such as marine cover and liability insurance after spending three years repairing its underwriting profit margins....
...A spokesperson said they wished to avoid the risk of “secondary sanctions and damaged reputation”....
...Funabiki said it had since worked “vigorously” to improve checks and balances and strike a “better balance between our risk-taking activities and our risk controls and risk management”....
...“We don’t believe we fully understand the risks associated with these offshore insurance companies,” said Natalie Winterfrost, a professional trustee and former chair of the investment committee at The Society...
...This further concentration of corporate power risks creating a seemingly impregnable intellectual capital and computing complex in AI....
...Rising insurance prices were “a reflection of the risks, and the risks are going up, and they are going up quickly. It’s a call for action”, Hielkema added....
...Lloyd’s benefited as a mixture of the Ukraine war, inflation and climate risks sparked a significant repricing of reinsurance contracts....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...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....
...The bright minds of the insurance industry are used to sizing up big global risks, from systemic cyber attacks to natural disasters....
...The attorney-general’s lawyers further claimed Knight Insurance sent “100 per cent of its retained insurance risk to affiliates in the Cayman Islands”, where “lax regulations” allowed the company to bolster...
...The UK government’s extended childcare offer risks jeopardising the quality of provision for the most vulnerable children in England, the independent public spending watchdog has found....
...Bilal Mirza, commercial litigation partner in the London office of law firm JMW Solicitors, says whenever you travel it is vital to have appropriate and adequate travel insurance....
...Encouraged by the Eurovita collapse, policymakers, regulators and some investors are now urging greater scrutiny of the special risks to insurers and their millions of policyholders created by this shift...
...The judge ruled that several “bugs, errors and defects” meant there was a “material risk” that the Horizon system was to blame for faulty data used in the Post Office prosecutions....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Lloyd’s chief executive John Neal, who is leading a push to encourage outside investors, last year predicted insurance spending would double in the next decade because of worries about risks such as climate...
...According to the index, insurance costs were still up more than 80 per cent since the start of 2021....
...The group, which is one of the world’s biggest insurers and offers broader financial services including banking, reported operating profits down a fifth at Rmb118bn ($16bn) last year, in results released...
...Your Big Read on the home insurance affordability crisis (February 14) adds to an ever-growing body of evidence about the effects of climate change and the case for swifter, deeper action....
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
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