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When people used to ask me what a typical day entailed for me, I would gladly share the early starts, the long days on my feet in the OR, and on-calls where anything would happen. I would laugh at how I must have a bladder of steel and cry over some of the saddest stories…
Read MoreThe Coronavirus Aid, Relief, and Economic Security (CARES) Act creates two new tax benefits for donors to non-profits. One will mostly benefit low- and middle-income…
Read MoreThe ongoing legal action to force pandemic business interruption and shutdown claims from the Covid-19 coronavirus outbreak into property or catastrophe insurance and reinsurance programs may be tempered by an appreciation that this would significantly impact the global re/insurance market, A.M. Best believes. A.M. Best has revised its outlook for the United States commercial insurance…
Read MoreRight now, many Americans are stuck at home, due to the COVID-19 pandemic. If you’re trying to figure out how to better your finances today — without leaving home — know that there are several things you can do to make a difference. Following are some actions to better manage your money as we settle…
Read MoreThe next time you shop at a grocery store — or even beloved retailers like Target and Costco — make sure you really want the items you are about to purchase. A clutch of retailers has outright suspended returns, or otherwise modified their return policies, due to the coronavirus pandemic. It’s not the usual blah,…
Read MoreMillions of us complete our taxes each year only to find that we owe Uncle Sam a few bucks — or a lot more. This situation can turn scary if you don’t have the funds to write a check to the government. Even if this is the case, the IRS urges you to file anyway.…
Read MoreKey Findings A capital allowance is the amount of capital investment costs a business can deduct from its revenue through the tax code via depreciation. Higher capital allowances can boost investment which, in turn, spurs economic growth. The average of Organisation for Economic Co-operation and Development (OECD) countries’ capital allowances has decreased since 2000, including…
Read MoreInsurance and reinsurance companies need to adapt to a “dynamic risk landscape” to incorporate socio-economic factors, climate change research and risk mitigation in their modelling, in order to keep weather risks insurable, Swiss Re warned today. In 2019, extreme weather events were once again the main driver of losses for the insurance and reinsurance industry,…
Read MorePeak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered global reinsurer that is majority backed by Fosun International, said this morning it has entered into a definitive agreement to acquire Bermuda-based insurance-linked securities (ILS) asset manager Lutece, which it will rename Peak Capital. Lutece was launched back in 2017 by Erik Manning, an experienced…
Read MoreThe central catastrophe bond investment proposition has held during the extreme financial market volatility created by the coronavirus pandemic, with the ILS asset class positively outperforming other traditional asset classes, according to Twelve Capital. The overwhelming majority of catastrophe bonds are fundamentally unaffected by the current Covid-19 coronavirus crisis, as only a small fraction of…
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