Three major non-bank financial firms need to provide more detail on how they could be unwound in bankruptcy after a collapse, regulators said Tuesday in their first response to the companies’ living wills. The statement by the Federal Reserve and …
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Berkshire Hathaway Specialty Insurance (BHSI) today launched Professional First Bankers Professional Liability Insurance in the U.S., adding to its executive and professional liability products for financial institutions. Professional First Bankers Professional Liability Insurance offers banks, their executives and employees, coverage …
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Authorities say at least 12 people were injured when a swing ride at an amusement park in Bowling Green, Kentucky, tipped over. The Daily News reports emergency officials were dispatched to Beech Bend Amusement Park around 6 p.m. on July …
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Mobile, Ala., officials have unveiled a new public safety initiative that will allow police access to more than 2,000 surveillance cameras. AL.com reports that as of July 23, the Mobile Police Department had access to over 2,000 live security camera …
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Irish state-owned health insurer Vhi Insurance DAC borrowed money from Warren Buffett’s Berkshire Hathaway Inc. to help avoid a bailout as the company comes under central bank regulation for the first time. Berkshire gave Vhi a 90 million-euro [$97.6 million) …
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Marsh & McLennan Cos., the largest insurance broker by market value, is seeking ways to cut tax obligations as rivals shift to Europe, where rates are lower. “The search for tax efficiency for us started several years ago,” Dan Glaser, chief executive …
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Hamilton Underwriting Limited, the Lloyd’s managing agency of Bermuda-based holding company Hamilton Insurance Group, announced that Trevor Carvey has been hired as head of treaty. Carvey will report to Dermot O’Donohoe, chief executive officer of Hamilton Underwriting Limited. He will …
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AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2015 of $63 million, or $0.63 per diluted common share, compared with $191 million, or $1.79 per diluted common share, for the second quarter …
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The Geneva Association has released a 47 page report that details the particulars of insuring the risks from floods in Asia’s “high growth” markets. “In Asia, the insurance protection gap is yawning particularly widely,” the study concludes. “Less than 10 …
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Records show that collisions between vehicles and deer in South Carolina are declining. The State in Columbia reports that a review by South Carolina public safety officials shows that vehicles and deer collided more than 2,200 times in 2014. That …
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