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As a healer who has been doing my work in the dark, blind in a sense, today was a big day. The visit was scheduled, not as a phone visit but as my first Zoom visit since the pandemic began 150 days ago. Usually, I see about 30 patients in-person a week. During the five…
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Placing ILS fund manager Nephila Capital as the single point of entry to the property catastrophe reinsurance market for Markel Corporation is seen as a “cleaner option” for the company and also a way of generating operational efficiencies, Markel senior executives said yesterday. It was recently announced that Nephila Capital, the largest dedicated insurance-linked securities…
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Our recently published 2020 International Tax Competitiveness Index (ITCI) measures and compares how well OECD countries promote sustainable economic growth and investment through competitive and neutral tax systems. This week, we examine how European OECD countries rank on individual taxes, continuing our series on the ITCI’s component rankings. The ITCI’s individual tax component scores OECD…
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The impacts and eventual insurance market losses from hurricane Zeta’s landfall on the Louisiana Gulf Coast is not expected to result in any direct losses to catastrophe bonds, but may move the price on certain aggregate cat bonds, according to Plenum Investments. Zurich-headquartered catastrophe bond and insurance-linked securities (ILS) focused investment manager Plenum said that…
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AXIS Capital, the Bermuda-based globally-active insurance and reinsurance company, has reported a decline in the level of fee income earned through the use of third-party and insurance-linked securities (ILS) capital for the third-quarter, some of which is likely down to catastrophe losses experienced and shared with its investors. At the same time, the level of…
Read MoreThe holidays are approaching fast, and Amazon has several deals that can put a little extra purchasing power in your pocket. Buy an Amazon gift card for the first time, in an amount of at least $50, and you will get a $15 promotional credit, Amazon announced recently. The offer is available until Dec. 20.…
Read MoreThis story originally appeared on Construction Coverage. Homeownership has long been considered part of the American dream. But first-time homebuyers — especially millennials and Gen Xers — are facing an uphill battle when it comes to house hunting. This is in part because of a growing trend in which baby boomers, the generation that owns…
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Hurricane Zeta made landfall in Louisiana with 100 mph sustained winds yesterday evening, having intensified as it approached the Gulf Coast, against meteorologists earlier expectations. The hurricane, now the fifth major tropical storm to impact Louisiana in what has been a tiring year of weather for the state, had originally been forecast to have little…
Read MoreThis story originally appeared on Self. Along with housing prices, rental prices have risen dramatically in the last decade. According to data from the Department of Housing and Urban Development (HUD), the average rental price for an apartment is about $1,400 per month in 2020, an increase of 32% in nominal dollars from 2010. Some…
Read MoreIS YOUR LENDER COMPLIANT WITH THE NEW YORK STATUTE OF LIMITATIONS? In New York an action to foreclose a mortgage may be brought to recover unpaid sums which were due within the six-year period preceding the commencement of the action. The notice of acceleration must be “clear and unequivocal.” Find out more at https://www.wrongfullyforeclosed.com/
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