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United Insurance Holdings (UPC Insurance) has increased the size of its catastrophe reinsurance program for 2020, buying additional cascading limit to cover multiple events and renewing its core quota share arrangement. United (UPC) focused on traditional and collateralised sources of reinsurance for its 2020 renewal, opting not to renew its catastrophe bond earlier this year…
Read MoreIf you were to count every entry on a list of car insurance companies, you would have already wasted more time than it should take to get the best coverage for your car. Nobody could be expected to go through them all, excluding the non-local auto insurance companies, filling out all the forms to get…
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Markdowns due to potential business interruption claims from the Covid-19 pandemic caused some private ILS or collateralised reinsurance funds to decline during the month of April, while pure catastrophe bonds outperformed, ILS Advisers said today. April 2020 saw the average ILS fund return drop to a negative -0.18%, according to the Eurekahedge ILS Advisers Index.…
Read MoreAnna Lurye / Shutterstock.com This story was written by Kathy Morris and originally appeared on Zippia.com. No one wants to be quarantined, and everyone has spent the past couple of months during the coronavirus pandemic just trying to make the best of it. However, some cities just aren’t great places to be stuck at home.…
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Insurance and reinsurance group AXA has cited business interruption claims as one of the “most material impacts” in its new forecast for EUR 1.2 billion of losses in its property and casualty (P&C) businesses due to the Covid-19 pandemic. AXA has been a significant purchaser of reinsurance protection in recent quarters and also cedes a…
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Dutch headquartered European market focused insurance group Achmea has returned to the catastrophe bond market to sponsor a roughly $90 million Windmill II Re DAC (2020) transaction, which will be the companies third cat bond transaction. The Windmill II Re DAC transaction is being issued using a new Ireland domiciled special purpose vehicle and this…
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Rioting and civil commotion across the United States has now been designated as a catastrophe event in multiple-states by PCS, the first time the industry loss data aggregator has done so in its history. As we explained earlier this week, the ongoing situation of riots and civil commotion affecting numerous cities across the U.S. could…
Read MoreStimulus vs. trash; donating and deducting services; the schedule of automated notices; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-a-way-forward
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“The COVID-19 pandemic has turned medical education upside-down. From exclusively virtual pre-clerkship courses, to delayed clerkships, to canceled graduation proceedings, there has been massive disruption. Now, after weeks of speculation, we’ve learned how the pandemic will be disrupting the 2020-2021 residency application cycle. The Association of American Medical Colleges (AAMC) is now recommending that all…
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As our country collectively shudders at this most recent in a series of racial flash points – the very public and cruel execution by Minneapolis…
The post ICCR “Investment Group” On A Re-commitment to “Racial Justice” appeared first on ValueWalk.
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