LONDON By the time David Kaisel got back from selling his flour at a farmers' market, a wildfire in California's Capay Valley had burned both his tractor and the shipping container where he kept some tools. His insurer is set to pay out a sixth of his losses.
LONDON, Sept 5 (Thomson Reuters Foundation) - The United
Nations warned on Thursday that more than half its reproductive
health facilities in war-hit Yemen would close by the end of
this month, putting the lives of women and babies at risk,
unless it got more funding.
LONDON Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said.
LONDON Nearly a third of the companies in Britain's FTSE 100 index of blue chip firms have agreed to cut pension payments for executives, the Investment Association said on Wednesday, amid increasing scrutiny of the gap between bosses' and ordinary workers' pensions in Britain.
LONDON Softbank Group's Vision Fund has made its first foray into energy storage technology with a $110 million investment in Switzerland-based Energy Vault.
LONDON British insurer Admiral on Wednesday posted a 4% rise in first-half pretax profit helped by the release of money put aside for claims written in previous years.
* H1 Ogden Rate hit 33.3 mln stg
(Adds detail from statement, CEO quote, bullet points)
LONDON Lloyd's of London met a second-quarter target to complete at least half of its insurance under-writing deals electronically, as part of efforts to modernize operations and save costs.
* Lloyd's members accept 60.2% of in-scope risks
LONDON Under-fire Neil Woodford leads a list of underperforming money managers two months after his flagship fund was frozen, triggering anger among investors and lawmakers.