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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...There would be many debates over liability such as who was responsible for the vessel and whether the port authority carried any liability, he said....
...Michael Wise of the South Carolina insurance regulator said he was aware that his Bermudian counterparts were addressing issues at 777 Re, and that the state continued to “co-ordinate our efforts as necessary...
...One area of focus has been a reliance on securities such as collateralised loan obligations — packaged-up corporate debt — to back insurance liabilities....
...Known locally as the “TDO”, it barred young teenagers from concerts and clubs unless chaperoned by a parent or guardian and required events catering to under-18s to have $1mn in liability insurance and the...
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
...Julien Horn, a partner at insurance broker McGill & Partners, said the potential liabilities “go beyond the rebuilding of the bridge and will need to consider removing the bridge debris” from the ship and...
...The Tesla co-founder’s frustration with Delaware law has brought unprecedented attention to the state this year....
...Bright orange poppies, California’s protected state flower, dotted the verges....
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
...country to file a “plan” with New York State to adjust its debt....
...This year it did the biggest UK deal of its kind, when general insurer RSA offloaded £6.5bn of liabilities to the group....
...Deutsche Bank has hired Andy Tam from Perella Weinberg Partners as co-head of Americas insurance in the financial institutions group. He will be based in New York....
...“Trump is actually popular,” said Federico Rosario, 40, a father of three, who works in insurance sales. “If you ask me, the country was better when Trump was [in the White House].”...
...Earlier this year, Eurostat came out with its third stab at quantifying quite how big these non-debt-like liabilities are. Their answer is big. Actually, make that BIG....
...A revised Product Liability Directive reverses the burden of proof on manufacturers of physical and digital goods....
...This means that offloading liabilities, and the assets backing them, to insurance companies is becoming a viable option for more businesses....
...At the same time, the state has moved to ease the impact of the “Don’t Say Gay” law....
...Terraform Labs, the company behind the $40bn collapse of TerraUSD digital tokens in 2022, has filed for Chapter 11 bankruptcy protection in the state of Delaware as its co-founder Do Kwon faces a civil trial...
...agreed to delay the enforcement of non-monetary penalties imposed as part of the judgment, such as the barring of Trump and his elder sons from running a business in New York and applying for loans in the state...
...Japan’s state dealmaking Is Japan back to the era of state interventionism?...
...Such infrastructure businesses, Buffett noted, are most often operated as natural monopolies for which equity returns are mandated by state regulators....
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...AI leaders, including OpenAI chief executive Sam Altman and chipmaker Nvidia’s chief executive Jensen Huang, have become regular visitors to the Gulf state....
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