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The global pandemic is accelerating the hard reinsurance market, according to Jean-Paul Conoscente, chief executive officer of SCOR Global P&C. Speaking to Artemis ahead of the virtual Monte Carlo renewal discussions, he said that trends which had begun in 2019 were being further fuelled by the expected claims impact of COVID-19. “Collateral will be trapped…
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Global reinsurance giant Swiss Re is forecasting more rate hardening across all lines of business at the upcoming renewal season, while also expecting positive market growth at the same time with increasing demand. At the same time, the reinsurer explained this morning that it expects there to be increased pressure on the underwriting side of…
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“While Imperial County faces a confluence of vulnerabilities that have led to its susceptibility during COVID-19, it is not alone. Like an insidious undercurrent, these deficiencies are lurking in every region of the United States. Structural issues require structural solutions—to effectively contain COVID-19, our local, state, and federal leaders must address these underlying faults…
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While there are certainly instances of malicious intent in thoughts, feelings, and actions, most people operate with the intent to do good, be good, offer good to the world – but what we do isn’t always received in the way we set out to offer it. In the words of Oscar Wilde, “No good deed…
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Major life changes requires changes to your budget. My wife and I are getting used to being empty nesters as both our kids are now away at college. Since it’s just the two of us, our needs have changed so we’re reevaluating all our spending and adjusting our budget accordingly. Below are four expenditures…
Read MoreBetween rising grocery prices and food shortages, the coronavirus has changed the way we shop for groceries. Many people are making as few trips to the grocery store as possible to avoid exposure to the virus, too. Freezing is one way to stock up and extend the shelf life of certain foods. While you may…
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“We haven’t been to the doctor since COVID started.” “It was just a checkup; we didn’t need to go to it.” “We are trying to avoid going to the doctor unless it is really important.” I have taken care of many children and their families who have postponed checkups due to fear of catching COVID-19…
Read MoreShopping for car insurance can be tedious and tiresome. But cutting corners with this process can mean wasting money at best, and risking your savings at worst. With a financial product as expensive yet indispensable as auto insurance, even a small misstep can lead to a fall. The following insurance-buying mistakes can easily cost you…
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AXA Climate, the parametric specialist risk transfer unit of global insurance and reinsurance company AXA, has partnered with SatSure AG, a provider of decision intelligence solutions using satellite data, to roll-out parametric risk transfer solutions around the globe. AXA Climate will underwrite the parametric risks, presumably on an insurance and reinsurance or derivative and swap…
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Dr. Anthony Fauci, National Institute of Health Director of Allergy and Infectious Disease and White House Coronavirus Task Force member, recently underwent surgery to remove a vocal cord polyp. This is not surprising given that a major risk factor for developing vocal cord polyps is overuse of the voice, something Fauci has likely experienced during…
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