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Signa Holding
Signa creditors push to oust management over property fire sale fears
...More than a dozen German insurance companies filed a petition with Vienna’s district court last week, a copy of which was seen by the FT, demanding an end to Signa Prime’s self-administration....
February 28, 2024
UK housebuilding
UK sends Canary Wharf landlord first cladding bill under new powers
...“We are not going to comment on this matter save as to say that the [secretary of state] has taken such action without as much as requesting a meeting with the companies,” the company said....
March 28, 2024
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
War in Ukraine
Russian ‘dark fleet’ lacks disaster insurance, leaks suggest
...The Russian dark fleet’s insurance arrangements with Ingosstrakh potentially expose coastal states in Europe and Asia to huge potential clean-up costs in the event of a spill....
March 15, 2024
The FT ViewThe editorial board
The painful rise in home insurance costs
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
April 1, 2024
Climate change
EU regulator urges action on climate threat to insurance
...Hielkema said any pan-EU scheme would need to be carefully calibrated to make sure individual states are pulling their weight on adaptation measures, among other considerations....
April 22, 2024
UK insurance industry
UK home insurers hit by surge in weather damage claims
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
April 14, 2024
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
Insurance
Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
March 28, 2024
Due Diligence
Delaware fires back at corporate lawyers Premium content
...The state-backed group is the second-largest developer by sales in China and is one of the companies that has helped build modern China....
March 15, 2024
Donald Trump
Donald Trump claims he may need ‘fire sale’ to pay $464mn fraud judgment
...“I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!”...
March 19, 2024
Maritime accidents and safety
Search suspended for missing people in Baltimore bridge collapse
...Rescue operations were being carried out “on the surface of the water, subsurface” and “on the deck of the ship itself”, said Baltimore fire department chief James Wallace....
March 27, 2024
Unions
VW workers in Tennessee vote to join union in win for US labour movement
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
April 20, 2024
Airlines
US airlines under fire for raising baggage fees again
...“While we don’t like increasing fees, it’s one step we are taking to return our company back to profitability and cover the increased costs of transporting bags.”...
March 10, 2024
United Talent Agency Inc
Hollywood power broker splits with UTA over $950,000 ‘special expenses’ fund
...for both companies....
March 13, 2024
Inside BusinessSujeet Indap
Delaware, Inc agonises about Musk backlash as its lawyers seek changes
...It has not been an ordinary year in the First State. About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
April 23, 2024
News in-depthDonald Trump
Trump masks his rage as ‘hush money’ trial starts
...Nearby, the pavement was still stained in the spot where a man espousing wild conspiracy theories set himself on fire on Friday....
April 23, 2024
FT Live
Climate Capital Live
The leading global platform for climate science, finance and business
Wednesday, 19 March 2025London, UK & Online
Donald Trump
Trump’s bond reduced to $175mn in civil fraud case
...The order from the appeals court provided a significant reprieve for Trump, who had been rushing to secure the cash for a bond after several insurance companies refused to accept his real estate holdings...
March 25, 2024
FT MagazineJancis Robinson
Napa Valley is California’s wine barometer, an expensive one
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
April 20, 2024
ExplainerMaritime accidents and safety
The Baltimore bridge disaster: what happened and who will pay?
...Wes Moore, the governor of the state of Maryland, has declared a state of emergency after the elevated roadway’s disintegration into the Patapsco river....
March 27, 2024
Wildfires
Texas battles second-largest wildfire in US history — in winter
...The area of land affected so far is exceeded only by the 1825 Miramichi fire, which burnt 3mn acres in eastern Canada and the state of Maine, according to a list compiled by the Western Fire Chiefs Association...
March 4, 2024
Donald Trump
Trump finds a sympathetic crowd in New York’s Harlem neighbourhood
...“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].”...
April 20, 2024
LexElectric vehicles
Electric vehicles: insurers balk at battery fires and write-offs Premium content
...That can cause safety concerns as even small dings to battery packs can destabilise cells, potentially causing fires and even explosions....
October 28, 2023
Houthi movement
Fuel tanker’s crew extinguish fire after hours of struggle
...The Copenhagen-based company’s other vessels have been travelling via the Cape of Good Hope since December....
January 27, 2024
EU defence
Denmark fires defence chief over Red Sea failures
...But military officials on the continent say the attempts are being complicated by surging inflation and the weakened state of Europe’s defence industry....
April 4, 2024
Moral Money
Soaring insurance costs threaten hurricane-prone US states Premium content
...,” which is Florida’s state-run insurance company....
October 9, 2023
Insurance
Auto-insurance costs rear their ugly head yet again
...Looking forward, we will pursue rate increases in 10 states to improve margins and in other states to keep pace with increases in loss costs. Used-car costs have, in contrast, declined....
February 13, 2024

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