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With thoughts turning to the key mid-year reinsurance renewals and negotiations already underway for many Florida domestic insurance carriers, rating agency Demotech has warned that nine carriers need to report “markedly improved operating results in 2021” to sustain their current rating level. Following up on its warning ten days ago that Florida’s insurance marketplace needs…
Read MoreLooking for the cheapest way to buy a house? Here are seven strategies that can help you become a homeowner much faster than you thought possible. Original Article Posted at : https://themortgagereports.com/74921/cheapest-way-to-buy-a-house
Read MoreToday’s mortgage and refinance rates Average mortgage rates rose appreciably on Friday. So it was yet another example of rates ending a week higher than they started it. However, bear […] Original Article Posted at : https://themortgagereports.com/75077/mortgage-and-refinance-rates-today-march-15-2021
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Keto, Mediterranean, Paleo, intermittent fasting. How many times have you or your patients been sucked into the latest diet trend only to crash and burn just a few weeks later? I have tried every diet in the books and every single time, draw the same conclusion: extreme dietary restrictions are not sustainable. So many of…
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Insurance and reinsurance broker Miller, the newly independent and private equity funded broking group, has announced the launch of a Bermuda arm that will have a retrocession and ILS focus, as well as the hire of retro broking specialist Charlie Simpson from Aon to lead the unit. Miller was recently taken private after it was…
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Photo by Krakenimages.com / Shutterstock.com Countless workers scrimp and save for years with the goal of enjoying a comfortable retirement. Many of those folks do not abandon their penny-pinching ways once their golden years finally arrive. Surprisingly, fear of running out of money is not the No. 1 factor that drives retirees to stay frugal,…
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Global reinsurance firm Hannover Re has been expanding its activities in life insurance-linked securities (ILS), with its life ILS volumes passing $1 billion and a recent deal tapping its Kubera Insurance (SAC) Ltd. as an issuer to transact with life ILS investors. In fact, Hannover Re’s expanding life ILS operations are seen as an opportunity…
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Photo by Norenko Andrey / Shutterstock.com The ongoing pandemic is having a powerful effect on the U.S. economy. American workers lost 14.7 million jobs — a 9.6% drop — between February and June 2020, the federal Bureau of Labor Statistics reports. What this means for the long run isn’t yet clear. The BLS regularly forecasts…
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Bermuda headquartered ILS fund and investment manager ILS Capital Management, has said that it expects that industry losses suffered from the recent winter storms and Arctic blast in the United States will drive renewal rates higher at the mid-year and also further into 2022. The ILS investment manager revealed an expectation that, at an industry…
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Photo by Monkey Business Images / Shutterstock.com Congress just passed a major expansion of a tax credit that experts say will drastically reduce child poverty and reach more than 90% of American children. The changes to the child tax credit are one of the key provisions in the American Rescue Plan Act, a $1.9 trillion…
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