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Insurance carriers potentially affected by today’s judgement in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case, are suggesting their reinsurance, including catastrophe covers, will provide support. The judgement came through from the High Court this morning and has found largely in favour of insurance policyholders in the FCA’s business interruption insurance test case.…
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The old way of thinking about the stock market is that it is economic developments that cause price changes. Investors change their assessment of what stocks are worth as new information about future economic developments becomes available to them. Q2 2020 hedge fund letters, conferences and more But Shiller showed that investors are not entirely […]
The post Economic Developments Are Never As Big a Deal As Investment Analysts Make Them Out To Be appeared first on ValueWalk.
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It seems impossible that 2020 could have brought another existential challenge to life as a lung and ICU doctor. As COVID-19 broke out earlier this year, I found myself on phone calls with physicians practicing in far-flung areas, helping host regular calls and webinar to keep doctors in my state updated on the rapidly changing…
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The UK High Court has found largely in favour of insurance policyholders in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case. The move means insurance firms may end up facing paying for many more business interruption claims from the COVID-19 pandemic than they had been hoping to, as the decision suggests coverage should…
Read MoreIf you love Amazon Prime, Walmart just unveiled a similar program. Today the retailer launched Walmart+. The membership program — which costs $98 a year or $12.95 a month after a free 15-day trial — promises an array of perks. It's not the usual blah, blah, blah. Click here to sign up for our free…
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Tremor Technologies, the insurtech company that offers a technology-based programmatic insurance and reinsurance risk transfer marketplace, is set to make its marketplace available for every major hurricane threat, with live cat auctions set to be run by the insurtech, including today for hurricane Sally. Hurricane Sally is heading for a northern Gulf Coast landfall tonight…
Read MoreEvery year, the flu season arrives on schedule — whether we like it or not. The winter of 2020-21 will be no different. However, there are some especially compelling reasons to get vaccinated this year. For starters, we are in the midst of the coronavirus pandemic. The fact that the flu and the new coronavirus…
Read MoreFor some folks, getting a new car can cost the equivalent of a year’s after-tax salary. After spending that much on four wheels and an auto body, you’d think it would run trouble-free for a decade. That’s a lovely dream. The reality is that regular maintenance and vigilance are required. That way, a small issue…
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Insurance giant American International Group, Inc. (AIG) has announced the hire of James Nash, a well known reinsurance industry senior executive who most recently worked for broker Guy Carpenter in Asia Pacific. Nash had worked at the reinsurance broker for almost 35 years, including with around 15 years of experience in senior roles in Japan.…
Read MoreThis story originally appeared on Zippia. The median income for middle-class families hasn’t changed much in 20 years. In addition, the middle class is struggling to save for retirement. Between paying for a home and day care costs, many middle-class families are relying on borrowing money rather than saving it. However, some states treat working…
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