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A recent report outlines to what extent OECD countries rely on various tax revenue sources. Today’s map looks at property tax revenue in European OECD countries, which, compared to other types of taxes, accounts for a relatively small share of total tax revenue. In 2018, property taxes accounted on average for only 4.6 percent of tax…
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The California Wildfire Fund, which was established last year to back some of the wildfire liabilities related to utilities operating in the state, will go back to the reinsurance market to seek a renewal and an expansion of its first program for 2020 and beyond. The California Wildfire Fund was set up to provide a…
Read MoreChoosing how and when to take Social Security benefits is one of the most important financial decisions you will ever make. Social Security benefits have many nuances, though, and the choices you make can radically alter the benefits you ultimately receive. Many people need help making decisions about Social Security. One way to get advice…
Read MoreThe central bank of the U.S. – also known as the Federal Reserve – is charged by Congress with maintaining economic and financial stability. Mainly, it tries to keep the economy afloat by raising or lowering the cost of borrowing money, and its actions have a great deal of influence on your wallet. Officials on…
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The insurance and reinsurance market looks increasingly disciplined and as a result Lancashire Holdings has taken some opportunities to grow in the first-quarter and expects this discipline to persist, driving further improvements in risk pricing, CEO Alex Maloney said today. Lancashire Holdings reported that it has set up a reserve of $35 million for potential…
Read MoreMoney Talks News has partnered with CardRatings for our coverage of credit card products. Money Talks News and CardRatings may receive a commission from card issuers. Economic hard times are upon us — and if you didn’t see it coming, at least not in the form of a pandemic-induced shock to the global system —…
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The Pacific Island nation of Tonga is to receive a $4.5 million payout from its parametric disaster insurance policy with the Pacific Catastrophe Risk Insurance Company (PCRIC), the largest payout to date from the regional catastrophe insurance facility. The Pacific Catastrophe Risk Insurance Company (PCRIC) is a regional catastrophe insurance platform that provides governments of…
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Markel Corporation has put some of its own money behind the running-off of its retrocessional reinsurance investment manager Markel CATCo, investing $90 million in one of the CATCo funds in the first-quarter to boost capital available to fund investor redemptions. Markel has repeatedly shown its commitment to ensuring investors in the catastrophe loss stricken Markel…
Read MoreThe Enterprise Assessment platform is a cloud-based advisory tool for accountants to identify client needs, win new prospects and drive firm growth. Original Article Posted at : https://www.accountingtoday.com/news/the-visionary-group-creates-platform-to-make-bringing-in-new-business-easier
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Swiss Re, the Zurich headquartered global reinsurance firm, has fallen to a group net loss of -$225 million for the first-quarter of 2020, after taking a pre-tax charge of $476 million for its property and casualty businesses due to the Covid-19 pandemic. Swiss Re has set aside a considerable reserve for the initial expected claims…
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