Tropical storm Fay insured loss estimated at $400m by KCC

Recent tropical storm Fay, which took the record as the earliest F named storm in history as it targeted the U.S. northeast region, is estimated to have caused an insurance market loss of roughly $400 million by catastrophe risk modeller Karen Clark & Company (KCC). Tropical storm Fay formed off the North Carolina coast on…

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In Interview With Chinese Media, Bill Gates Says Coronavirus Vaccine Efforts Will “Help Create A Better World”

bill gates china

Bill Gates has praised China’s efforts in the fight against the coronavirus, and now he continues to talk about China’s role in global health. In an email interview with Caixin Global, he talked about how his foundation has been battling COVID-19 and about China’s response to the pandemic. Q2 2020 hedge fund letters, conferences and […]

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Employees With Workplace Competition Are More Productive

Workplace Competition

Competition in the workplace has a reputation for being toxic and damaging to relationships between team members. Left unchecked, hypercompetitive workplace atmospheres can cause stress and anxiety (not to mention decreased productivity between employees). When individual performance is the only yardstick employees use to gauge their success to that of someone else, it’s easy for […]

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Travelers reveals $400m PG&E subrogation recovery, plus $854m Q2 cat losses

U.S. primary insurance carrier Travelers is the first major player to reveal its expectations of making a relatively significant PG&E subrogation recovery, while at the same time revealing $854 million pre-tax catastrophe losses from the second-quarter. As we’ve been documenting over recent months, Pacific Gas and Electricity (PG&E), the wildfire stricken California focused electrical utility…

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