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...Industry title Insurance Insider previously reported Aspen was planning a US IPO....
...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...
...Several companies have also left Florida, which has frequent episodes of flooding and hurricanes; many households are now covered only by the state-backed insurer of last resort....
...In early 2023, Ajit Jain was weighing Berkshire Hathaway’s exposure to the risk of a devastating hurricane hitting Florida....
...,” which is Florida’s state-run insurance company....
...This has already occurred in home insurance relating to climate, with US states including Florida providing cover for homeowners who are unable to get it; the UK’s Flood Re is a joint government and industry...
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...A significant factor has been a sharp rise in the cost of property catastrophe reinsurance, or insurance for insurance companies....
...from state-owned insurance companies....
...The risk ‘genius’ pulling the insurance strings In early 2023, Ajit Jain was weighing Berkshire’s exposure to the risk of a devastating hurricane hitting Florida....
...If the measure passes, it would nullify the state’s ban on abortion at 15 weeks of gestation. Here’s what it could mean for the vote in Florida. 4....
...“Society, including insurance companies, has globally not been strict enough on prevention,” says Frédéric de Courtois, deputy chief executive of Axa....
...One marine insurance expert said the liability insurance payout, including bridge damage, could rival the approximately $1.5bn paid after the crash of the Costa Concordia cruise ship in 2012, a record....
...Her take is political: she critiques the ruthlessness of the “wellness” industry, and sees the body mass index as essentially a scam by insurance companies....
...Could ESG better account for a company’s climate governance?...
...It caused eight insurance company collapses. On one side of the trade are the insurers (or businesses and governmental bodies) seeking protection from catastrophe-linked losses....
...United continued to win trophies for much of the first decade of the Glazers’ ownership, adding several Premier League titles and one Champions League....
...US Supreme Court: The court hears arguments over the legality of Republican-backed state laws in Texas and Florida that constrain the ability of social media companies to curb content on their platforms...
...Ajit Jain, a Berkshire vice-chair who oversees its insurance operations, told shareholders at the annual meeting in May that the company had wagered heavily on the Florida insurance market and had written...
....— Royal Insurance and Sun Alliance & London Insurance merged, forming the company that would eventually become RSA Insurance, which was then acquired — so they both show up as acquired here.— Several FTSE...
...Dr Samuel Ross likes to use his title, an honorary one bestowed on him by the University of Westminster in 2021 for his success in fashion and design....
...Investors will also be looking for changes in focus at Elon Musk’s company after reports it was slowing plans for a cheaper electric car in favour of self-driving “robotaxis”....
...Among Berkshire’s operating segments, the backbone insurance business has had a strong 2023. High interest rates have boosted investing income in 2023....
...A group of lenders accused Byju’s of wiring more than $500mn to an obscure Florida-based hedge fund with a registered address to a branch of pancake chain IHOP....
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