repayment

NFIP’s Helene loss estimate rises to $6.75bn. Two cat bonds extended with partial repayment – Go Health Pro

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NFIP’s Helene loss estimate rises to .75bn. Two cat bonds extended with partial repayment – Go Health Pro

Artemis has learned that FEMA has increased its estimate for National Flood Insurance Program (NFIP) losses from hurricane Helene, raising the figure to $6.75 billion and as a result two FloodSmart Re catastrophe bond tranches have had their maturity dates extended, with partial repayments of principal to be made.The U.S. Federal Emergency Management Agency’s (FEMA) … Read more

Reversed burden of proof under strict conditions to exercise early repayment rights of consumer credit- the CJEU in C-326/22 – Go Health Pro

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Case C-326/22 Z  arose regarding Article 16(1) of Directive 2008/48/EC on consumer credit and the right to early loan repayment, which provides consumers with a right to repay their loan early and to the costs of the loan reduced accordingly. The facts Six consumers assigned to Z their claims regarding 15 consumer credit contracts that were repaid early, who … Read more

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