Insurance
Death Toll for Idalia Rises to Four as Disaster Declaration Added for Georgia Counties
CROSS CITY, Fla. (AP) — An elderly man who was cleaning debris from Hurricane Idalia in north Florida when a tree fell on him has been declared the state`s third death from the Category 3 storm, officials said Thursday. The …
Read More Wetlands Permit Dispute Pauses Construction on $2B Scout Motors EV Plant in SC
BLYTHEWOOD, S.C. (AP) — Construction work has been temporarily stopped on a $2 billion new electric vehicle plant in South Carolina being built by a Volkswagen Group-backed group trying to revive a brand that was a forerunner to today’s SUVs. …
Read More Markets/Coverages: Reinsurance MGA Envelop Risk Launches Program to Aid Cedents’ Entry Into Cyber
Envelop Risk, the UK-based cyber re/insurance and analytics specialist, announced the launch of a program for cedents that want to enter the cyber risk market or expand their existing participation. The initiative, called Cyber Partnership Platforms, is designed to enable …
Read More Ground Zero Employers Must Notify Workers of 9/11 Benefits Under New Law
New York Gov. Kathy Hochul is expected to sign legislation today to assure that people who returned to work in close proximity to Ground Zero during the critical period following the 9/11 terrorist attacks are informed that they could be …
Read More Morocco Survivors Seek Aid as Earthquake Death Toll Passes 2,100
Survivors of Morocco’s deadliest earthquake in more than six decades struggled to find food, water and shelter on Sunday as the search for the missing continued in remote villages and the death toll of more than 2,100 seemed likely to …
Read More Legacy Acquisition Specialist RiverStone Int’l Acquires Catalina Insurance Ireland
RiverStone International, the London-based provider of legacy solutions in the Lloyd’s market, has signed an agreement with members of the Catalina Group to acquire Catalina Insurance Ireland, an Irish insurance company regulated by the Central Bank of Ireland. Financial details …
Read More Reinsurers Hope Profitability Party Will Last – But All Good Things Must End
Executive summary: Fitch Ratings is projecting reinsurer returns on equity of 14% in 2023 and 2024, results that reflect a reinsurance environment that has effectively returned to the pre-soft market state of providing capital protection rather than earnings protection for …
Read More Non-Life Insurers’ Profits to See Boost From Higher Rates
Non-life insurers are set to significantly improve their profitability in the next few years as investment returns from higher rates cushion a hit from a rise in claims, a report by Swiss Re Institute showed on Saturday. Insurers invest a …
Read More SpaceX’s Starship Probe Ends With 63 Regulatory Fixes
The U.S. Federal Aviation Administration wrapped up a technical investigation into SpaceX’s April test launch of its giant Starship rocket, saying in a Friday statement that the company must implement dozens of corrective measures before flying the vehicle again. The …
Read More P/C Insurers Set to Significantly Improve Profitability Even as Claims Rise: Study
Non-life insurers are set to significantly improve their profitability in the next few years as investment returns from higher rates cushion a hit from a rise in claims, a report by Swiss Re Institute showed on Saturday. Insurers invest a …
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