Second Circuit blocks insurers from recovering $7 billion in frozen Afghan bank assets
Judge Menashi dissented separately, agreeing that the president’s recognition of Afghanistan as a state should stand but arguing the bank…
Tag: Billion
QBE lifts profits above $2 billion with best underwriting result in years
Outside catastrophe experience, QBE’s underlying claims performance was broadly stable, with an ex-cat claims ratio of 59.8% (from 59.7%). The…
California wildfire claims top $22 billion as insurers support recovery
The volume and size of these claims underscore the ongoing challenges faced by the California homeowners’ insurance market. Wildfires have…
US insurance sector struck by $101 billion in weather disaster losses
Methodological rigor and conservative estimates The billion-dollar disaster dataset, now managed by Climate Central after a transition from NOAA’s National…
Ford Says Tariffs Will Cost Company $1.5 Billion in 2025
Ford Motor said on Monday that the Trump administration’s tariff policies were likely to lower its 2025 profit, before interest…