Investments
Beware: Your coronavirus stimulus checks could be garnished
The IRS has already started sending out the third stimulus checks of up to $1,400. This latest round of stimulus checks is the highest amount so far (earlier checks amounts being up to $1,200 and $600). However, the third round of coronavirus stimulus checks don’t have the same protection as the earlier rounds, and could […]
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Read MoreUber Reverses Its Employment Policy
Uber reverses its employment policy and re-classifies 70,000 UK drivers as workers. Q4 2020 hedge fund letters, conferences and more Uber Changes Its Employement Policy “Uber’s decision to reclassify its 70,000 drivers as workers will reverberate through the entire gig economy. It has become clear that the Supreme court’s decision last month steered Uber into […]
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Read MoreAnalysts say Volkswagen could overtake Tesla very soon
Volkswagen AG (OTCMKTS:VWAGY) could overtake Tesla Inc (NASDAQ:TSLA) as the best-selling electric vehicle maker sooner than most were expecting. One analyst notes that Volkswagen could overtake Tesla by hundreds of thousands of vehicles this year. Meanwhile, another predicts that the German automaker could beat the Silicon Valley superstar next year. [soros] Q4 2020 hedge fund […]
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Read MoreAll That You Need To Know On Getting An Electronic Visa Waiver For Entering UK
If you’d thought that you require having family or friends in the UK for being able to visit the country, you’re wrong. All you need is an Electronic Visa Waiver UK (EVW) to travel to the UK for business, leisure, study and for common reasons of visiting your friends and family members. The EVW has […]
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Read MoreProgressive makes $40m reinsurance recovery for US winter storms
The Progressive Corporation has revealed that its losses from the recent winter storms in the United States drove a $40 million reinsurance recovery for the firm, after claims exceeded its occurrence retention. Progressive’s property insurance business reported a net catastrophe loss ratio of 47.4%, driving a combined ratio for that segment of 143.7% for February…
Read MoreRenaissanceRe Capital Partners hires Beach from Aon
RenaissanceRe Capital Partners, the newly rebranded home of third-party capital management and insurance-linked securities (ILS) at Bermuda reinsurance firm RenaissanceRe (RenRe) has hired Roger Beach from Aon, as a Senior Analyst focused on investor relations. Beach joined RenaissanceRe Capital Partners in February as a Senior Analyst, based in Bermuda. He will be reporting into Laura…
Read MoreGlobal Parametrics & Fathom partner on global flood index
Global Parametrics and specialist flood risk modeller Fathom have partnered to develop a global parametric flood index that can be used in triggers of risk transfer, insurance and reinsurance arrangements. Global Parametrics is set to utilise high resolution data from Fathom to create the new flood risk index, significantly reducing basis risk for clients. The…
Read MoreMunich Re expecting winter storm loss in the mid-hundreds of millions
German reinsurance giant Munich Re said that it is expecting its losses from the recent US winter storm and extreme freezing weather event to be in the mid hundreds of millions of Euros. The reinsurance carrier is the first major player to disclose anything on the recent winter weather event, mentioning its expectations for claims…
Read MoreCat claims 34% above 10-year average in 2021 on US winter storm: Jefferies
Insurance and reinsurance industry catastrophe claims are likely running around 34% above the 10-year average for the year-to-date thanks to the significant contribution from US winter storms and freezing weather, according to analysts at Jefferies. In its latest update on catastrophe and weather losses facing the insurance and reinsurance industry, the analyst team from the…
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