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Today we examine how European countries rank on consumption taxes, continuing our map series on our recently published 2020 International Tax Competitiveness Index (ITCI). The ITCI measures and compares the competitiveness and neutrality of all 36 OECD countries’ tax systems, looking at corporate income taxes, individual taxes, consumption taxes, property taxes, and the international tax…
Read MoreEverything from Social Security benefits to retirement account limits are adjusted regularly to account for inflation. The same goes for federal income tax brackets — the income ranges that determine your federal tax rate. And 2021 will be no exception: The IRS recently announced that every individual income tax bracket will increase a bit. Following…
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RSA Group, the UK based general insurance company, said today that it has exhausted the retention under its aggregate reinsurance program, meaning that any major catastrophe loss events in Q4 will fall to its reinsurance panel. At the same time, the company also reported that its reserves for Covid-19 claims from the pandemic, which it…
Read MoreThe COVID-19 pandemic has influenced more people to shop for a home security system — and two options earn especially high marks from consumers who have purchased them. AT&T Digital Life earned the top ranking among consumers who had a system professionally installed, according to the J.D. Power 2020 Home Security Satisfaction Study. Meanwhile, SimpliSafe…
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Munich Re does not expect its collateralised reinsurance sidecar vehicles or its retrocession program to pick up much of its losses from the COVID-19 pandemic, according to the reinsurers CFO. Speaking during a media call this morning, Christoph Jurecka, CFO of Munich Re said that Munich Re continues to focus on being a gross underwriter…
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The state of Florida is firmly in the cone of uncertainty for the soon to develop tropical system that emerges out of the remnants of recent hurricane Eta, as longer-range forecasts we discussed earlier this week now have an increasing chance of verifying. Having slammed Nicaragua with a devastating blow at near Category 5 strength…
Read MoreWelcome to the Social Security Q&A. You ask a Social Security question, our expert provides the answer. You can learn how to ask a question of your own below. And if you would like a personalized report detailing your optimal Social Security claiming strategy, click here. Check it out: It could result in receiving thousands…
Read MoreThis story originally appeared on FlexJobs. Looking for a new job can be fun and exciting, but may also bring some job search-related anxiety into a person’s life. With the global pandemic bringing so many changes, anxiety has — unfortunately — become a daily concern for many. That said, it’s natural to have some job…
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Lancashire Holdings, the specialty insurance and reinsurance group with a third-party capital management platform, is increasingly seeing new business flows that meet its return requirements across a range of business lines, in particular benefiting from growth across property catastrophe reinsurance, property direct and facultative, the company said this morning. Lancashire believes that market discipline is…
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Munich Re has reported more than EUR 1.5 billion of major losses to its reinsurance business, largely driven by the continuing significant impacts of the COVID-19 pandemic and a range of natural catastrophe losses. Reporting its nine-month results this morning, Munich Re said that it has made around a EUR 1 billion profit for the…
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