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Crowe has joined the growing number of firms offering solutions to aid in Paycheck Protection Program participation. Original Article Posted at : https://www.accountingtoday.com/news/crowe-creates-ppp-loan-forgiveness-management-solution-for-lenders
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London’s efforts to develop a market for insurance-linked securities (ILS) has been “hampered by bureaucracy” according to a new report from the market-wide body that represents the London specialist commercial insurance and reinsurance sector. The London Matters 2020 report from the London Market Group (LMG) and consultancy McKinsey explains that London was reacting to a…
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Key Findings Removing tax policy barriers can help businesses and individuals invest, work, create jobs, and lift the economy during a post-pandemic recovery without requiring lawmakers to create new spending programs. One of the most cost-efficient options available to lawmakers is to improve the cost recovery treatment of structures. Residential structures must be depreciated over…
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Insurance giant Allstate’s top-end target for its latest catastrophe bond transaction has been lifted to as much as $200 million, while at the same time price guidance for the Sanders Re II Ltd. (Series 2020-2) cat bond deal has been lifted to the top-end of initial guidance. Allstate returned to the catastrophe bond market a…
Read MoreThe internet has been abuzz with the question: Should you wash fruit and vegetables with soap to get rid of the coronavirus? Soap and water seems intuitively to be the right way to go. After all, if that’s good for cleaning our bodies, shouldn’t it also be good for food? Actually, no. Soap is not…
Read MoreIf someone offers you a COVID-19 test in exchange for your Medicare information, run in the other direction. It’s still difficult to get tested for the coronavirus disease in many parts of the country. So, it’s not surprising to learn that scammers are exploiting the shortage, and they’re targeting seniors in particular. They use stolen…
Read Morebbernard / Shutterstock.com With everyone sheltering in place at home, we are using more electricity, water and heat or air conditioning than usual. Soaring utility bills are bound to follow. At the same time, many of us have to shrink spending because of — or in case of — a job loss. The need to…
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NN Life, part of the Nationale-Nederlanden (NN Group), has secured reinsurance arrangements with leading reinsurers Canada Life, Munich Re and Swiss Re to transfer all of the longevity risk associated with some EUR 13.5 billion of pension liabilities from the Netherlands. NN Group said that the longevity reinsurance arrangements will lower its required capital and…
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Florida’s Citizens Property Insurance Corporation has now pulled the largest $200 million tranche of Coastal Account linked notes from its Everglades Re II Ltd. (Series 2020-1 & 2020-2) catastrophe bond issuance, leaving just a $100 million tranche being marketed. It seems likely the move is a response to Florida reinsurance market conditions, as having already…
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Specialist London market insurance and reinsurance firm Beazley has successfully raised around $300 million through an equity placement designed to fund growth, enable it to capitalise on rates and help it respond to the Covid-19 pandemic. Beazley’s move, to raise capital, had been expected and comes on the heels of Hiscox doing the same. The…
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