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Amid reports about eye-popping insurance executive pay and undercapitalized new insurance companies, leaders of the state-run insurer are raising an alarm about the potential of a new cycle of insurers going under — again.The Citizens Property Insurance Corp. met June 25, shortly after revelations that two executives of the 3-year-old, Tampa-based Slide Insurance — one of the companies now collecting premiums from former Citizens’ policyholders — were paid $50 million in their first two full years running the business.'Grotesque': Husband-wife insurance execs earn more than $50 million in 2 yearsCharles...

Created: Jun 09, 2025 07:16 PM (Updated: Jun 09, 2025 08:06 PM) The Eaton Fire in January destroys a structure in Altadena, California (Photograph by Ethan Swope/AP)The US property and casualty insurance industry posted a $1.1 billion net underwriting loss in the first quarter, a sharp reversal from a $9.4 billion gain during the same period last year, according to a new report by AM Best, the credit rating agency.The losses were largely attributed to January’s devastating wildfires in California, which drove catastrophe-related claims sharply higher. AM Best estimates that...

Japan’s biggest life insurer is considering taking on a little more risk with its investments in collateralized loan obligations (CLOs), as it looks for ways to eke out better returns abroad.Nippon Life Insurance last year joined other Japanese institutions that are buying CLOs — financial products made up of leveraged corporate loans — to diversify investments. They have typically focused on the highest-rated notes, which are seen as the least risky but offer lower returns."There could be a situation where we cannot secure enough spreads with the triple A-rated tranche,”...

Exactly how much should you have left in your savings account after buying? (Picture: Getty Images) After years of scrimping and saving (and maybe a little bit of help from your family), you’ve finally got enough together for a house deposit. But what really happens after you’ve bought? And crucially, how much money should you actually have left in the bank? Taking to the r/HousingUK Subreddit, @FG4u2nv asked this very question. Together with their partner, they’re currently making offers – and while they’re excited at the prospect of getting on...

Mortgage preapproval first-time homebuyersIf you’re a first-time homebuyer, here’s how to get a mortgage preapproved.Starting earlier this month, any property listing that was publicly marketed to consumers but not listed on the local MLS within one business day no longer appears on Zillow.This step is in line with the National Association of Realtors' Clear Cooperation Policy, which aims to prevent exclusive real estate listings and increase fairness among buyers.Corrections & Clarifications: The headline on an earlier version of this story gave the wrong timing. The listing changes will happen later...

Recession fears persist amid inflation and trade warsPresident Donald Trump did not rule out the possibility of a recession in a recent Fox News interview, amid his administration's continuing trade war.The U.S. economy may be heading toward a recession due to recent economic policies and global uncertainty.A recession is characterized by a decline in economic activity, including a drop in GDP, increased unemployment, and reduced consumer spending.Experts suggest preparing for a potential recession by building an emergency fund, reducing debt, and diversifying investments.Are we heading for a recession?On Monday, U.S....