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Coal Producers Forced to Self-Insure as They Are Cut Adrift by Insurers
Aug 31 2023 // Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for the fossil...
Dutch Insurer NN Says Extreme Weather May Make Further Premium Hikes Unavoidable
Aug 30 2023 // Dutch insurer NN Group NV may increase premiums further as extreme weather patterns become more prevalent, Chief Executive Officer David Knibbe said. While NN benefited from benign weather conditions in the first half of...
Car Premiums to Rise Again as British Insurers Feel the Heat
Aug 30 2023 // Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have warned. Admiral Group Plc will continue increasing motor insurance prices and expects...
Lufthansa Weighs Sale of Aviation Insurance Broker, Insurer: Sources
Aug 30 2023 // Deutsche Lufthansa AG, the German airline, is looking to sell its insurance brokerage unit Albatros and insurance business Delvag, according to people familiar with the matter. The country’s largest carrier is...
Libor Zombies Pit Hedge Funds Against Banks, Insurers in High-Stakes Feud
Aug 28 2023 // One of the most lucrative, and contentious, trades of 2023 has emerged in an obscure corner of financial markets, minting overnight profits for the hedge fund crowd of as much as 35%. The play: Load up on 1980s-era bank...
Appeals Court Blasts Insurer’s Conduct in Denying Claim Over Insured’s Conduct
Aug 28 2023 // Philadelphia Indemnity Insurance Co. is not entitled to the summary judgment it was granted by a federal district court in a building fire case in which it claimed the insured was not cooperative in accommodating its...
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