‘Cautious Optimism’ for Cyber Buyers as More Focus on Risk Controls: Marsh

New You can now listen to Insurance Journal articles! While the market for cyber insurance is expected to remain challenging “for the foreseeable future,” there is optimism for rate stabilization as organization focus on cyber hygiene, according to broker Marsh. In a recent briefing, the broker said “steep rate increases of the past several quarters … Read more

INsight podcast: reinsurance in focus as floods hit again – Daily – Insurance News

INsight podcast: reinsurance in focus as floods hit again 6 July 2022 The severe flooding in NSW and reinsurance market implications from Australia’s natural catastrophes are discussed during the latest Insurance News podcast. NSW has experienced four flood emergencies in the past 18 months and insurers expect the number of claims from the latest event … Read more

Real Estate slumps 21% in 1H22, focus on mortgage rates

hxdbzxy/iStock via Getty Images Real Estate sector lost 21.2% in 1H22, and the Real Estate Select Sector SPDR ETF (XLRE) was down 21.1%. Never seen rising mortgage rates (currently at 5.7% from an average of just 3.2% at 2022 start), rising home prices and a imbalanced home supply and demand have been some characteristics of … Read more

Reinsurers demand higher renewal rates as floods in focus – Local – Insurance News

Reinsurers have sought significant rate increases at the Australian June and July renewals as the market responds to the high level of local and global natural catastrophes and a changing economic environment, international broking groups say. “The June and July renewals were a market-changing event for Australia,” Aon says in a report. “The market is … Read more

Odisha presents Rs 2-trn budget for FY23 with focus on infra, education

The Odisha government on Saturday presented a Rs 2-lakh crore budget for the 2022-23 financial year in the state assembly with a focus on strengthening infrastructure, developing education and health sectors and improving livelihoods of people. Odisha Finance Minister Niranjan Pujari claimed that the estimated outlay for the current … Read more

SUP ban: 10-day grace period to comply, govt shifts focus on awareness

The Delhi government has decided to be lenient towards those violating the ban on single-use plastic (SUP) items for the initial 10 days and has launched a massive campaign to create awareness against the use of such commodities and promote their alternatives. It will also provide incentives to SUP … Read more

Merged agencies to hone federal disaster focus – Daily – Insurance News

Merged agencies to hone federal disaster focus 1 July 2022 The Federal Government plans to merge the National Recovery and Resilience Agency (NRRA) and Emergency Management Australia (EMA) to strengthen the focus on natural disasters. Emergency Management Minister Murray Watt says it’s proposed the two agencies would form a new organisation called the National Emergency … Read more

Ocwen deal and Ginnie Mae milestone point to FHLB program focus

A milestone in Ginnie Mae’s issuance under the Federal Home Loan Bank of Chicago’s Mortgage Partnership Finance program, and a new servicing pact at the Indianapolis FHLB’s equivalent this week highlight renewed attention to public policy regarding this part of the secondary market. Total Ginnie/MPF mortgage-backed securities issuance has now topped $3 billion, according to … Read more

Focus now on tribals as NDA selects Droupadi Murmu as Prez poll nominee

With the BJP-led NDA nominating as its presidential election candidate Droupadi Murmu, hailing from the Santhal community, the third-largest ethnic tribal group in India, the focus is now on the tribals who constitute 8.67 per cent of the country’s population. If Murmu who hails from Odisha is elected, political … Read more