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UK politics
Jeremy Hunt targets further 2p cut in national insurance
...However, the government came under fire from the IMF again this week....
April 19, 2024
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
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
Climate change
Climate targets group under fire over Bezos-backed carbon offsets decision
...The world’s leading arbiter of corporate climate targets is under fire from staff after a decision to allow controversial carbon credits in dealing with emissions, an approach backed by its key financial...
April 11, 2024
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
Thames Water
Chinese state banks are lenders to Thames Water’s parent company
...Two Chinese state-owned banks hold a crucial role in the future of Thames Water, as part of a group of lenders involved in a stand-off over debt at the parent company of Britain’s largest water utility....
April 4, 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
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
The FT ViewThe editorial board
The painful rise in home insurance costs
...In wildfire-prone California, large insurers, including State Farm, have paused new applications....
April 1, 2024
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
Edwin Heathcote
Farewell to stock exchanges — fire is not their only enemy
...Copenhagen’s fire may be symbolic as well as catastrophic. Edwin Heathcote is the FT’s design and architecture critic...
April 20, 2024
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
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
Aviation accidents and safety
Japan Airlines fire to give insights into latest manufacturing materials
...[so] you end up with a barrier against the progression of fire.”...
January 3, 2024
Ian Smith
Is state intervention needed for cyber insurance?
...Axa’s deputy chief executive, Frédéric de Courtois, said a public-private partnership on cyber is a “must-have”, given it is generally only the biggest companies, which have also invested in prevention,...
November 1, 2023
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
Tefaf Maastricht 2024
Battle to keep sculpture in Britain highlights European museums’ struggles
...More importantly, the Italian system engenders “a bad relationship between the state and the citizen”, she adds....
March 2, 2024
FT Live
US Decarbonization and Industrial Transition Summit
Securing the resources to build and finance America's clean energy future
Wednesday, 29 MayWashington, D.C., USA
Chinese society
Millions drop out of China’s state health insurance system
...China’s state health insurance system has lost tens of millions of subscribers, as higher costs have put one of the world’s largest healthcare schemes out of reach for many people already struggling in a...
December 10, 2023
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
Special ReportFuture of Water
US housing market belatedly wakes up to flood risk
...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....
March 22, 2024
War in Ukraine
Russian operator blames ‘external action’ for fire at Baltic gas terminal
...The Leningrad region governor said there were no casualties as a result of the Ust-Luga fire and all workers had been evacuated....
January 21, 2024
Letter
Letter: Plea for mutual respect
...Cara Spinks Head of Insurance Consulting, OAC, London EC2, UK...
March 21, 2024
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
Moral Money
Soaring insurance costs threaten hurricane-prone US states Premium content
...,” which is Florida’s state-run insurance company....
October 9, 2023
John Gapper
The black box that could ease your car insurance problems
...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...
January 19, 2024
Tesla Inc
Tesla evacuates German plant after suspected arson attack triggers power cuts
...The US company told the Financial Times there had been “no attack on or fire at the factory”, which is situated in the Brandenburg region south-east of Berlin and produces 6,000 cars a week....
March 5, 2024
Thames Water
Thames Water’s parent company defaults on debt
...The Financial Times on Thursday revealed Kemble’s creditors include two Chinese state-owned banks, part of a group of lenders that were involved in a stand-off over extending a £190mn loan due at the end...
April 5, 2024

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