Hints and tips:
Related Special Reports
...On the effort to find insurers and investors willing to underwrite catastrophe risks at a price that is ultimately affordable for consumers, he added: “That equilibrium is getting stressed right now.”...
...“I genuinely think they’ve changed,” he said, adding that Lloyd’s was now seen “as a lead market again on big, complex international risks”....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...Generali now plays no role in Ingosstrakh’s management....
...“We are now ready to . . . invest more into MS Amlin and use it as a driver to lead our international growth going forward,” Funabiki said....
...“What you now see is governments starting to realise that [responding to disasters] through just public spending might not be the best way forward....
...After years of experiencing gentle inflationary increases in insurance premiums, many homeowners are now getting an unwelcome surprise as they open their latest bills....
...But some are now turning their focus to a problem that seems almost as intractable: breaking the stranglehold of Excel on the business of specialist underwriting....
...Premiums from its general insurance division, which includes car insurance, also grew....
...“I wouldn’t call it top of the cycle, it is now where it needs to be for the next four or five years [to satisfy investors],” he added....
...Now numbers are back to nearly four-fifths of pre-pandemic levels, Tuesdays and Thursdays. The culture still needs improvement....
...In recent years, its performance has been blighted by higher than expected compensation payouts linked to mis-sold payment protection insurance....
...The average earner will now have in effect the lowest tax rate in the UK since 1975 and, coupled with cuts made in the autumn, that equated to an average £900 more in the pockets of each employee....
...We now talk about there being four tier-one reinsurance brokers, and we are one of them.”...
...“All EU regulators are really down on PE fund owners right now,” said one insurance executive....
...Conditions in the UK insurance sector are now improving, with the cost of motor cover having risen to an all-time high....
...The group said its motor business had now “turned the corner” as it pushed up prices, adding that policies sold in the second half were estimated to achieve a net insurance margin — a new measure which calculates...
...In recent years, its performance has also been hit by higher than expected compensation payouts linked to mis-sold payment protection insurance....
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...The move comes after the FCA launched a probe last month into now-banned commission practices in the car finance sector stretching back to 2007, which could open the way for up to £13bn in compensation payments...
...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....
...Insurance has always been more costly for those regarded as higher risks, but it is now in danger of becoming prohibitive....
...Now, much rests on what Direct Line’s brand new chief executive Adam Winslow delivers at full-year results this Thursday....
...Louise Thomas, motoring expert at Confused.com, said that while data suggested “increases could be slowing for now”, drivers should consider adding antitheft features, such as wheel locks, to their car,...
...Now aircraft insurers are fighting claims because there’s a war on (WSJ $) — US political media having a very normal year already (Semafor) — The Eric Adams Smash-and-Grab (New York Magazine, metered paywall...
International Edition