Tag #Insurance

Showing 13 to 24 of 127 results

kathimerini.gr

🌐 75% Global Worthiness

Mar 19, 13:14

Greece Seeks Public-Private Insurance Partnership for Disaster Management

Greece's Deputy Prime Minister proposes a new public-private partnership for disaster risk management, following recent government initiatives to incentivize insurance, in response to the high cost of the "Daniel" storm and low national insurance coverage compared to other European nations.

Greece Seeks Public-Private Insurance Partnership for Disaster Management

Greece's Deputy Prime Minister proposes a new public-private partnership for disaster risk management, following recent government initiatives to incentivize insurance, in response to the high cost of the "Daniel" storm and low national insurance coverage compared to other European nations.

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Climate Action

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What immediate actions is the Greek government taking to improve disaster response and reduce the financial burden of natural disasters?

Greece's Deputy Prime Minister, Kostas Hatzidakis, advocated for a new framework for collaboration between the state, insurance companies, and citizens to better manage climate change and natural disaster impacts. This follows government initiatives like a 20% reduction in ENFIA (property tax) for insured homes and near-mandatory insurance for properties over €500,000 and businesses with over €500,000 turnover.

smh.com.au

🌐 85% Global Worthiness

Mar 14, 04:09

Sydney Home Insurance Costs Triple in High-Risk Areas Amid Climate Change

Rising climate risks are driving a sharp increase in Sydney home insurance premiums, with some areas paying over three times the average due to increased flood, bushfire and storm risks; the average premium across Greater Sydney is \$3200, 66 percent higher than in 2020.

Sydney Home Insurance Costs Triple in High-Risk Areas Amid Climate Change

Rising climate risks are driving a sharp increase in Sydney home insurance premiums, with some areas paying over three times the average due to increased flood, bushfire and storm risks; the average premium across Greater Sydney is \$3200, 66 percent higher than in 2020.

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What are the primary factors driving the dramatic increase in home insurance premiums across Sydney, and what are the immediate consequences for homeowners?

Home insurance costs in Sydney, Australia, are surging due to escalating climate risks, with some areas experiencing premiums over three times the average. In Hawkesbury, average annual premiums reach \$7033, while some face costs as high as \$30,000, compared to a Greater Sydney average of \$3200 (66% higher than in 2020). This increase is driven by rising natural disaster frequency and rebuilding costs.

repubblica.it

🌐 75% Global Worthiness

Mar 13, 13:11

Generali Reports Record 2024 Profits, Plans Increased BTP Investments

Generali reported record 2024 net income of €3.8 billion (up 5.4%) and operating profit of €7.3 billion (up 8.2%), exceeding strategic plan targets; the company plans to increase its holdings of Italian government bonds and is awaiting regulatory approval for its Natixis joint venture.

Generali Reports Record 2024 Profits, Plans Increased BTP Investments

Generali reported record 2024 net income of €3.8 billion (up 5.4%) and operating profit of €7.3 billion (up 8.2%), exceeding strategic plan targets; the company plans to increase its holdings of Italian government bonds and is awaiting regulatory approval for its Natixis joint venture.

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Decent Work and Economic Growth

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How did Generali achieve its record profits in 2024, and what role did acquisitions and strategic investments play?

Generali's exceptional 2024 results reflect consistent organic growth across all segments, fueled by successful management initiatives and acquisitions. The company's €35.6 billion investment in Italian government bonds (BTPs) is likely to increase, further boosting the Italian economy. The strong performance highlights Generali's success in integrating acquired companies and expanding its asset wealth management area.

mk.ru

🌐 65% Global Worthiness

Mar 9, 16:10

Russia Launches Deposit Interest Insurance to Protect Against Early Withdrawal Losses

Russian banks and insurers introduced deposit interest insurance, protecting against interest loss due to early withdrawal caused by job loss, critical illness, or death of relatives; the policy is for new deposits, with details on existing deposits and coverage limits yet to be released.

Russia Launches Deposit Interest Insurance to Protect Against Early Withdrawal Losses

Russian banks and insurers introduced deposit interest insurance, protecting against interest loss due to early withdrawal caused by job loss, critical illness, or death of relatives; the policy is for new deposits, with details on existing deposits and coverage limits yet to be released.

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Reduced Inequality

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What immediate impact does the new deposit interest insurance have on Russian depositors?

Banks and insurance companies in Russia have launched a new product allowing depositors to insure interest earned on deposits against unforeseen circumstances like job loss or critical illness. If the depositor withdraws before maturity, they usually forfeit interest; this insurance mitigates that risk.

cincodias.elpais.com

🌐 75% Global Worthiness

Mar 6, 16:11

Mutua Madrileña's 2024 Profit Up Despite Adeslas' Muface Losses

Mutua Madrileña's 2024 net profit reached €453 million, a 5.2% increase year-on-year, despite €203 million in losses from its subsidiary Adeslas's public healthcare services via Muface from 2023-2024, impacting overall results.

Mutua Madrileña's 2024 Profit Up Despite Adeslas' Muface Losses

Mutua Madrileña's 2024 net profit reached €453 million, a 5.2% increase year-on-year, despite €203 million in losses from its subsidiary Adeslas's public healthcare services via Muface from 2023-2024, impacting overall results.

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Good Health and Well-being

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What were the key factors influencing Mutua Madrileña's 2024 financial performance, and what are the immediate implications for the company?

Mutua Madrileña closed 2024 with a net profit of €453 million, a 5.2% increase from the previous year. However, its subsidiary Adeslas incurred losses of €203 million from 2023-2024 due to its public employee healthcare services via Muface, impacting overall results.",",A2="Adeslas' losses stemmed from its participation in Muface, a public employee healthcare program. Despite a 17% increase in premiums, Adeslas and Asisa (the only two bidders) will break even over the next three years. This reflects the challenging financial environment of providing public healthcare services.",",A3="The €266 million in losses from Muface (2022-2024) highlight the financial strain of public health contracts. The decision to continue participation, despite losses, suggests a strategic focus on maintaining market share and its relationship with public sector employees. Future profitability will depend on managing costs and negotiating premiums.",",Q1="What were the key factors influencing Mutua Madrileña's 2024 financial performance, and what are the immediate implications for the company?",",Q2="How did the Muface contract affect Adeslas' profitability, and what broader implications does this have for public-private partnerships in healthcare?",",Q3="What are the long-term strategic implications of Mutua Madrileña's continued participation in the Muface contract, and what risks and opportunities does this pose?",",ShortDescription="Mutua Madrileña's 2024 net profit reached €453 million, a 5.2% increase year-on-year, despite €203 million in losses from its subsidiary Adeslas's public healthcare services via Muface from 2023-2024, impacting overall results.",",ShortTitle="Mutua Madrileña's 2024 Profit Up Despite Adeslas' Muface Losses",

kathimerini.gr

🌐 85% Global Worthiness

Feb 28, 19:10

Natural Disasters Strain Insurance Industry, Exposing Uninsured Gap

Increasingly frequent and severe natural disasters are straining the insurance industry, prompting companies to limit coverage in high-risk areas, resulting in a growing uninsured gap and highlighting the need for systemic solutions to address the economic burden of climate change; 2022 disaster cos...

Natural Disasters Strain Insurance Industry, Exposing Uninsured Gap

Increasingly frequent and severe natural disasters are straining the insurance industry, prompting companies to limit coverage in high-risk areas, resulting in a growing uninsured gap and highlighting the need for systemic solutions to address the economic burden of climate change; 2022 disaster cos...

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Climate Action

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What are the specific strategies employed by insurance companies to mitigate their risk exposure in areas vulnerable to natural disasters, and how effective are these measures in the context of rising climate change impacts?

This escalating crisis highlights the interconnectedness of climate change, insurance practices, and governmental responsibility. The $368 billion in losses from natural disasters in 2022, exceeding the inflation-adjusted average since 2000, underscores the scale of the problem, with climate-related events like tropical storms and floods posing the biggest threats. A significant portion of these costs remain uninsured, even with public sector contributions.

bbc.com

🌐 85% Global Worthiness

Mar 18, 04:11

Nottingham Homeowner Suffers £45,000 Flood Damage, Highlighting Climate Change Risk

Claire Sneddon's home in Trowell, Nottingham, flooded in 2023 during Storm Babet, causing £45,000 in damages, despite previous assurances that the area was safe from flooding; this incident highlights the increasing risk of flooding due to climate change and the need for more accurate risk assessmen...

Nottingham Homeowner Suffers £45,000 Flood Damage, Highlighting Climate Change Risk

Claire Sneddon's home in Trowell, Nottingham, flooded in 2023 during Storm Babet, causing £45,000 in damages, despite previous assurances that the area was safe from flooding; this incident highlights the increasing risk of flooding due to climate change and the need for more accurate risk assessmen...

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Climate Action

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What are the immediate financial and emotional consequences for homeowners in high-flood risk areas, as exemplified by Claire Sneddon's experience?

In 2023, Storm Babet flooded Claire Sneddon's home in Trowell, Nottingham, causing £45,000 in damages despite assurances from her estate agent that the 2021 flood was a "once-in-a-lifetime event". The flood reached the top of the skirting boards, necessitating extensive repairs that took nearly a year. Ms. Sneddon benefited from a government scheme providing affordable insurance for high-risk areas.

kathimerini.gr

🌐 85% Global Worthiness

Mar 13, 01:15

Piraeus Bank Acquires 90.01% Stake in Ethniki Asfalistiki for €600 Million

Piraeus Bank finalized the purchase of a 90.01% stake in Ethniki Asfalistiki from CVC Capital Partners for €600 million, expanding its financial services offerings and strengthening its market position.

Piraeus Bank Acquires 90.01% Stake in Ethniki Asfalistiki for €600 Million

Piraeus Bank finalized the purchase of a 90.01% stake in Ethniki Asfalistiki from CVC Capital Partners for €600 million, expanding its financial services offerings and strengthening its market position.

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Decent Work and Economic Growth

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What are the immediate financial implications of Piraeus Bank's acquisition of Ethniki Asfalistiki?

Piraeus Bank has acquired a 90.01% stake in Ethniki Asfalistiki from CVC Capital Partners for €600 million. This acquisition is expected to diversify Piraeus Bank's revenue streams and enhance shareholder value.

elpais.com

🌐 85% Global Worthiness

Mar 12, 04:11

Innovative Insurance Plan Addresses Devastating Colombian Wildfires

In response to devastating wildfires in Colombia's páramos, the Strata consulting firm has developed an innovative insurance plan, supported by the Global Innovation Lab for Climate Finance, to provide rapid funding for fire suppression and ecosystem restoration, directly benefitting affected commun...

Innovative Insurance Plan Addresses Devastating Colombian Wildfires

In response to devastating wildfires in Colombia's páramos, the Strata consulting firm has developed an innovative insurance plan, supported by the Global Innovation Lab for Climate Finance, to provide rapid funding for fire suppression and ecosystem restoration, directly benefitting affected commun...

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Climate Action

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What is the immediate impact of the slow response to wildfires in Colombian páramos, and how does this affect biodiversity and local economies?

More than 340 wildfires ravaged 17,000 hectares of páramos in Colombia during the first months of 2024, and this year started with another blaze in Boyacá, affecting over 1,000 hectares including the critically endangered espeletia tibamoensis. The slow governmental response highlights the vulnerability of small municipalities lacking resources to combat such fires.",

theglobeandmail.com

🌐 85% Global Worthiness

Mar 6, 16:11

U.S. Tariffs Trigger Sharp Decline in Canadian Home Sales

New U.S. tariffs on steel and aluminum are causing a significant drop in Canadian home sales, mirroring early-pandemic market conditions, as uncertainty and increased construction costs deter buyers and developers.

U.S. Tariffs Trigger Sharp Decline in Canadian Home Sales

New U.S. tariffs on steel and aluminum are causing a significant drop in Canadian home sales, mirroring early-pandemic market conditions, as uncertainty and increased construction costs deter buyers and developers.

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Decent Work and Economic Growth

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What is the immediate impact of the new U.S. tariffs on the Canadian real estate market?

New tariffs on steel and aluminum imposed by the White House are causing significant disruption in the Canadian real estate market. Homebuyers are delaying purchases due to uncertainty, leading to a 28.5 percent drop in Toronto home sales from January to February, the steepest decline since the pandemic's start. This uncertainty is also impacting the homebuilding industry, with developers facing increased costs and potential supply chain issues.

nbcnews.com

🌐 75% Global Worthiness

Mar 5, 16:14

Schiff Demands Wildfire Insurance Coverage for Uninhabitable Homes

Senator Adam Schiff is demanding that 10 major California insurance companies cover the costs of remediation and temporary housing for Los Angeles residents whose homes are uninhabitable due to the January wildfires, which displaced 150,000 and killed at least 29.

Schiff Demands Wildfire Insurance Coverage for Uninhabitable Homes

Senator Adam Schiff is demanding that 10 major California insurance companies cover the costs of remediation and temporary housing for Los Angeles residents whose homes are uninhabitable due to the January wildfires, which displaced 150,000 and killed at least 29.

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Good Health and Well-being

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What immediate actions are required to ensure Los Angeles wildfire survivors receive necessary financial assistance for uninhabitable homes and living expenses?

Senator Adam Schiff urged California's top insurers to cover Los Angeles residents' uninhabitable homes due to January wildfires. His letter, following an NBC News report, demands coverage for living expenses and remediation costs, emphasizing that home accessibility doesn't equate to habitability. The fires displaced 150,000 people and killed at least 29.

smh.com.au

🌐 85% Global Worthiness

Feb 22, 01:09

Mangione's Lawyer Challenges Legality of Arrest in Thompson Murder Case

Luigi Mangione, accused of fatally shooting Brian Thompson, a UnitedHealthcare executive, on December 4th in Manhattan, appeared in court on Friday, where his lawyer challenged the legality of his arrest in Pennsylvania, citing potential evidence suppression.

Mangione's Lawyer Challenges Legality of Arrest in Thompson Murder Case

Luigi Mangione, accused of fatally shooting Brian Thompson, a UnitedHealthcare executive, on December 4th in Manhattan, appeared in court on Friday, where his lawyer challenged the legality of his arrest in Pennsylvania, citing potential evidence suppression.

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Peace, Justice, and Strong Institutions

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What immediate impact did the evidence found during Mangione's arrest have on the legal proceedings?

Luigi Mangione, accused of murdering Brian Thompson, appeared in a New York court on Friday. His lawyer, Karen Agnifilo, argued his arrest was unlawful, citing potential suppression of evidence found during an allegedly illegal search in Pennsylvania. The evidence included a firearm, clothing matching the shooter's description, and a notebook mentioning an intent to kill an insurance executive.

Showing 13 to 24 of 127 results