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...“This fire sale can easily destroy hundreds of millions of euros in value,” a person familiar with the concerns warned....
...The Grenfell fire killed 72 people when it spread through the external cladding of a west London tower block....
...11 metres in height, with known fire-safety issues, and to cap the proportion of the premiums that they take at 15 per cent....
...Insurance prices are surging as companies look to repair their margins after years of significant losses from severe weather to insured properties, exacerbated by inflation in rebuild costs....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...EVs are on the cusp of breaking even with traditional internal combustion engines, as cheaper running costs offset the higher upfront cost of the vehicle....
...(“English councils ‘forced to the pawnshop’ in fire sale of assets”, Report, FT.com, February 28)....
...Vanguard chief executive Tim Buckley is stepping down at the end of this year after six years, following a period of rapid growth that included the $9tn asset manager coming under fire for its stance on...
...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...
...Next, the shadow banking system — an assortment of financial institutions ranging from hedge funds to insurance companies — still lacks the liquidity to weather price adjustments, according to the FSB....
...In the filing, IAG also claims that Marsh, the world’s biggest insurance broker and the company that placed Greensill’s cover with insurers, “ought reasonably to have known” that the wording of a key 2019...
...He doesn’t want to fire Bob Iger, he insists, but he is critical of bloated executive compensation over the past decade as shares underperformed....
...Higher interest rates lit a fire under the corporate pensions market, with improved scheme funding levels meaning hundreds of billions of pounds of pension obligations are expected to be transferred from...
...The campaign recently launched its own TikTok account. Biden has also come under fire from parts of the Democratic party for his support for Israel during its war in Gaza....
...deposit insurance fund had to cover, from the bank failures last year....
...The home insurance industry has also been affected by pricing regulations put in place at the beginning of last year, which stamped out the practice of so-called price walking, where renewing customers would...
...Insurance companies have pushed up the costs of protecting homes, cars and valued possessions from loss and damage....
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...Admiral has traditionally led the wider motor insurance market on prices. Peer Direct Line may be about to report the same uplift in results due next month....
...The firm’s “apparent conflicts of interest permeated FTX’s bankruptcy filing and every aspect of the case”, wrote Jonathan Lipson of Temple University and David Skeel of the University of Pennsylvania....
...An investigation into the cause of the fire has begun, according to the Dutch coastguard....
...The PLD impact assessment estimated annual payouts from the reformed system could reach €217mn and insurance costs for companies rise around 10 per cent....
...Downing Street insisted “no decision has been taken” on HS2 but senior Conservatives said Sunak had decided to save billions of pounds by building only the southern leg between London and Birmingham....
...French container shipping magnate pivots to media Rodolphe Saadé, the head of French container shipping giant CMA CGM, has long shunned the limelight at the helm of his family-owned company in Marseille...
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