Insurers impose 'tax on being poor' through monthly price hike, says Which?
Posted on Tuesday April 16, 2024
Which? asked 39 car insurers and 34 home insurers what annual percentage rates were being applied to monthly payments.
CORRECTED-UPDATE 1-Lloyd's of London inadequate on ESG, report says
Posted on Thursday April 11, 2024
The Lloyd's of London insurance market's environmental, social and governance standards are weak, as its members have exposure to fossil fuel projects and weapons, non-profit ShareAction said in a report on Thursday. Lloyd's community of more than 50 members collectively forms one of the world's biggest commercial insurers. Lloyd's came third from bottom in a table of 29 global property and casualty insurers for responsible underwriting and investment performance.
Insurer Lloyd's of London inadequate on ESG, report says
Posted on Wednesday April 10, 2024
The Lloyd's of London insurance market's environmental, social and governance standards are weak, as its members have exposure to fossil fuel projects and weapons, non-profit ShareAction said in a report on Thursday. Lloyd's, one of the world's biggest commercial insurers, is made up of more than 50 member firms, and has some regulatory oversight over them. Lloyd's came third from bottom in a table of 29 global property and casualty insurers for responsible underwriting and investment performance.
RPT-UPDATE 1-Insurers could face losses of up to $4 bln after Baltimore bridge tragedy-analyst
Posted on Wednesday March 27, 2024
Baltimore's Francis Scott Key Bridge collapse could cost insurers billions of dollars in claims, analysts say, with one putting it at as much as $4 billion, which would make the tragedy a record shipping insurance loss. With little clarity on when the Port of Baltimore would re-open, insurers and analysts are now assessing the likely losses borne by underwriters across several product lines including property, cargo, marine, liability, trade credit and contingent business interruption. "Depending on the length of the blockage and the nature of the business interruption coverage for the Port of Baltimore, insured losses could total between $2 billion and $4 billion," said Marcos Alvarez, managing director for global insurance ratings at Morningstar DBRS.
