Fairfax Financial Holdings may face net losses between $500 million and $750 million from the wildfires that impacted the Los Angeles area, based on preliminary estimates, according to a report from AM Best. During a fourth-quarter earnings presentation, president and chief operating officer Peter Clarke stated that the fires would primarily be a reinsurance event … Read more
Today’s Animal Spirits is brought to you by ProShares and Fabric: See here for more information on ProShare’s full range of ETFs Go to meetfabric.com/spirits for more information on life insurance from Fabric by Gerber Life Get a random Animal Spirits chart here On today’s show, we discuss: Listen here Recommendations: Charts: Tweets/Bluesky: pic.twitter.com/mvgK6pFtB5 — Dan … Read more
At some point, you may have seen the question, “Would you rather have a penny that doubles each day for a month or 1 million dollars?” You may be wondering whether the option you’d instinctively choose is the best option. Fortunately, you can figure it out with a little math. If you had to pick … Read more
Aventum, the London-based international re/insurance group, is investing $12 million over two years to create an inhouse proprietary tech function across its global operations. The group now has 25% of its global workforce employed in tech and IT functions, including a ringfenced Innovation Lab dedicated to fail-fast innovation. The multi-million-dollar investment will see the development … Read more
PayPal was issued a $2 million fine from the state of New York for failing to properly secure customer data. The New York state department of financial services said the seven-figure payout would be part of a settlement deal stemming from the 2022 data breach that saw some customer Social Security numbers exposed to threat … Read more
