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March 11, 2020. The medical school officially made all classes remote until the end of the semester. Tom Hanks and his wife have coronavirus. The NBA is suspended; Utah Jazz player Rudy Gobert has corona. Travel to Europe is suspended. The renal midterm can be postponed if you choose. Not going home anymore. I don’t…
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High-tax countries create an incentive for companies to finance investments with debt because interest payments are tax-deductible, which is usually not the case for equity costs. This encourages global businesses to lend money internally from entities in low-tax countries to entities in high-tax countries. Tax savings in high-tax countries can exceed the increased tax paid…
Read MoreA number of the major property and casualty insurers that are seen as most exposed to hurricane Laura’s impacts on the Gulf Coast region could tap into their reinsurance programs, should the major hurricane prove particularly impactful. Analysts from Morgan Stanley explained that Allstate, Travelers, Progressive and The Hartford are all insurers that should be…
Read MoreIf you are retired or retiring soon, you know that financial decisions you make today will have a big effect on the life you’ll be able to have going forward. Yet, the turbulence and confusion of the coronavirus pandemic can stir up emotions, making it harder than ever to see clearly. Having a retirement plan…
Read MoreAccording to our market sources, secondary market trading of catastrophe bonds under the approach of hurricane Laura was “relatively light” by comparison to other major hurricane threats, perhaps suggesting that the uncertainty in the forecast cone made it more attractive to hold onto certain positions. Hurricane Laura, while a very significant and damaging hurricane that…
Read MoreThe ongoing spate of California wildfires continues to burn, with more properties destroyed in the last day and an estimate from Moody’s Investors Service suggesting insurance and perhaps reinsurance market losses are already at over $1.5 billion. Moody’s based its estimate on the fact more than 1,800 residential or commercial properties have been destroyed by…
Read MoreMarkel CATCo Investment Management’ in run-off retrocession focused investment fund, the CATCo Reinsurance Opportunities Fund Ltd., is to release a further $25.6 million of its trapped capital back to investors, as more positions in its side-pockets see positive reserve development. The news follows a $37.9 million return of trapped capital from the retrocessional reinsurance fund’s…
Read MoreHurricane Laura has made landfall in the last hour as an extremely dangerous and large Category 4 hurricane with 150 mph sustained winds, near Cameron, Louisiana, around 30 miles SSW of Lake Charles. Hurricane Laura intensified right up until landfall, almost making it to Cat 5 strength, as its central pressure continued to drop to…
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“COVID-19 has given all of us the opportunity to live in extremely challenging times. We can choose to run away from this challenge or decide to acknowledge it as part of our journey to grow and transform. So, will you face your habitual reactions, biases, and unpleasant emotions and turn these COVID-19 related challenges into…
Read MoreThe changes represent probably the biggest overhaul of Regulation S-K disclosures in more than three decades. Original Article Posted at : https://www.accountingtoday.com/news/sec-reduces-disclosures-of-legal-proceedings-climate-change-and-human-capital-risks
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