Singapore Blocks $1.7 Billion Allianz-Income Insurance Deal
The Singapore government will block a proposed S$2.2 billion ($1.7 billion) deal by
The Singapore government will block a proposed S$2.2 billion ($1.7 billion) deal by
In the hours before Hurricane Milton reached land in Florida last week, a saildrone dispatched into the maelstrom by US government researchers sent back heart-stopping data. Ocean waves driven by supercharged winds had surged to more than 28 feet tall. It was a specter that sent millions of people fleeing for safety.
Damage to private property from Iran’s recent missile barrage on Israel amounted to 150 million to 200 million shekels ($40 million to $53 million), according to figures provided by Israel’s tax authority, making it the most costly since the start of war a year ago.
The cost of issuing
The National Flood Insurance Program is overdue for reform, according to
Greenhouse gas pollution is making hurricanes more powerful, and Hurricane Milton is no exception, according to an overnight analysis by the climate science group World Weather Attribution. It suggests that a day’s worth of rainfall from a storm of Milton’s scale is 20% to 30% more intense and twice as likely as it would have been in a world without climate change. The planet is now 1.3C hotter than it was before industrialization.
A federal judge cut in half Quinn Emanuel’s massive fee for work on a lawsuit by health insurers, reducing the firm’s take to $92.4 million.
(Updates with new stake in first bullet.)
A growing number of businesses are suing their insurers over denied business interruption insurance claims due to the Covid-19 pandemic. But will they be successful?
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