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Palomar Insurance Holdings, the speciality California-based insurer that provides largely catastrophe exposed property products, has expanded its aggregate reinsurance protection with a new purchase, but also revealed some recoveries under other reinsurance contracts from the end of last year. Palomar has added a new $25 million aggregate excess of loss reinsurance cover that incepts from…
Read MoreSure, there’s still snow on the ground in some parts of the country, but if you happen to have a hankering for a frozen treat, Saturday is your day. It’s National Frozen Yogurt Day, and many shops will celebrate the “holiday” with deals. In fact, the following chains will give away frozen yogurt or ice…
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AXIS Capital, the Bermuda-based globally-active insurance and reinsurance company, is to part ways with its current Global Head of Risk Funding Ben Rubin, who will leave the company for sector focused private equity investor Stone Point. Rubin has worked at AXIS Capital for almost 8 years and as Global Head of Risk Funding managed the…
Read MoreThis story originally appeared on HireAHelper. The past year has been uniquely difficult for teachers. After the COVID-19 pandemic shut schools down last spring, educators were forced to transition their work to virtual schooling, with little time to plan. In the new school year, teachers have faced more difficult dilemmas. Some districts have reopened schools…
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Beazley, the Lloyd’s market focused specialist insurance and reinsurance underwriter, fell to a $50.4 million loss for 2020, with a combined ratio of 109%, but targets a more profitable year in 2021 with no additions to its COVID-19 pandemic claims in the fourth-quarter. The company is bullish on the forward-potential for its largely third-party capital…
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The Perth Hills bushfires, which continue to burn to the north east of Perth, Western Australia, has now been declared a catastrophe, as it continues to destroy structures and losses from claims are estimated to have reached $40 million, according to the Insurance Council of Australia. The fires, which have been burning since Monday and…
Read MoreYou do the meth; what’s in a name?; snow job; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-junior-achievements
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“As the mother of a child born with hypoplastic left heart syndrome, besides going through four open-heart surgeries and coding, my son has also had eight abdominal surgeries, including a Ladd’s procedure and resection of his colon. William also functions without his appendix, spleen, and gall bladder. In addition to every kind of therapy imaginable,…
Read MoreUpdated on February 4th, 2021 by Eli Inkrot Insurance can be a great business. Not only do insurers collect revenue from policy premiums, they also make money by investing the accumulated premiums not paid out in claims, known as the float. Even legendary investor Warren Buffet sees the value of insurance stocks –his investment conglomerate…
Read MoreSenator Mitt Romney is offering a child tax credit expansion plan similar to a proposal President Joe Biden is pushing to include in the next stimulus bill, offering a glimpse of areas on which Republicans and Democrats could find compromise in a bipartisan package. Original Article Posted at : https://www.accountingtoday.com/articles/romney-pitches-expanded-child-tax-credit-echoing-biden
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