Financial
Hope of a Coronavirus stimulus check 2 still up in the air
Many people are looking for an update on any potential IRS stimulus check number 2. So far a second round of stimulus checks is far from a guarantee, but it is possible that lawmakers will include more checks for households in the phase 4 stimulus package. Here’s an update on the possibility of an IRS […]
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Read MoreWaivers – OK For Colleges, Maybe Not For Trump
Waiver – OK For Colleges, Maybe Not For Trump; Colleges Can Use Waivers to Open This Fall Without Immunity Q1 2020 hedge fund letters, conferences and more Waivers Can Provide An Excellent Shields From Legal Liability WASHINGTON, D.C. (June 15, 2020) – Although some legal experts have suggested that the waiver those attending Trump rallies […]
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Read MoreWhite House Claims It Never Promised PPP Transparency
Administration Refuses to Disclose PPP Loan Level Data to The Public Q1 2020 hedge fund letters, conferences and more Kudlow: The Disclouse Of PPP Loan Data Isn’t Necessary WASHINGTON, D.C. – In response to White House economic advisor Larry Kudlow’s claim this morning on CNN’s “State of the Union” that it’s not necessary for the administration […]
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Read MoreStimulus payment card destroyed and other problems
About 4 million Americans received their IRS stimulus payment as a prepaid debit card. However, the execution left something to be desired because many people destroyed their cards, thinking they were a scam or credit card offer. The IRS has now issued guidance on what to do if you destroyed your stimulus payment card or […]
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Read MoreTrump wants at least $2tn for next coronavirus stimulus
Almost daily, we see some news related to the second stimulus package. However, there is still no confirmation on whether there will be a second round, or if there is to be one, what it might offer. On Saturday, we got the biggest hint that President Donald Trump is possibly considering the next coronavirus stimulus […]
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Read MoreProperty cat seen +5-15%, retrocession +20-25% at July 1st renewal: KBW
Expectations for further strong rate increases at the July 1st reinsurance renewals are clear, with analysts from KBW explaining that the market is discussing increases of between +5% to +15% for U.S. southeast property catastrophe reinsurance programs, with retrocession rates seen up even more at +20% to +25%. The market has been anticipating the recent…
Read MorePRA to assess whether UK ILS regs need post-Brexit transition changes
The United Kingdom’s Prudential Regulatory Authority (PRA), part of the Bank of England, said it will keep its policy related to insurance-linked securities (ILS) and insurance special purpose vehicles (iSPV’s) under review as the Brexit transition proceeds, in case any changes are need. The UK’s withdrawal from the European Union, the so-called Brexit process, has…
Read MoreBlue Halo Re 2020 cat bond target lifted to $150m at higher pricing
The target for the new Blue Halo Re Ltd. (Series 2020-1) catastrophe bond transaction from Allianz Risk Transfer has been lifted by 50% to $150 million, while the pricing has moved towards the upper-end of guidance. Allianz Risk Transfer, the specialist and alternative risk focused unit of the global insurance and reinsurance group Allianz, returned…
Read MoreAchmea looks to upsize its Windmill II Re cat bond by 25%
European insurer Achmea is hoping to increase the size of its new Windmill II Re DAC (2020) catastrophe bond transaction by as much as 25%, with the offering now targeting up to EUR 100 million (US $113m) of reinsurance protection for the company. Dutch headquartered European market focused insurance group Achmea returned to the catastrophe…
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