Kaith Re Ltd., the transformer vehicle owned by global reinsurance firm Hannover Re, has issued seven series of private catastrophe bond notes, all Seaside Re (Series 2025), for a total of $84 million of notes sold to investors.Hannover Re remains a key facilitator to ILS market participants and its clients, through the matching of reinsurance … Read more
In California, commercial vehicle insurance is crucial for businesses. If a commercial vehicle, such as a box truck is involved in an accident, commercial truck insurance or commercial vehicle insurance helps pay for the damages. In such a case, if the business is sued, such insurance will cover all the repair costs, the expense of … Read more
Thales is enhancing vehicle access with its latest contactless solutions, aimed at improving user experiences while ensuring data security in the automotive industry. The company’s offerings include a digital car key solution compliant with the Car Connectivity Consortium (CCC) standard, now complemented by the introduction of the Thales NFC CARd Key. These innovations enable drivers … Read more
An Animal Spirits listener emailed in to ask: Great question. Michael and I both responded on the podcast in the same way — you do NOT buy a 16-year-old the new vehicle! When your kid turns 16 they get the hand-me-down and you drive the new one. That’s how it’s always been and how it … Read more
Most Texas drivers will no longer be required to have their cars pass an annual safety exam after state lawmakers removed the rule from Texas code. Texas is one of 15 states that mandate annual inspections for noncommercial cars. That will change on Jan. 1 because the Texas Legislature approved House Bill 3297, which eliminates … Read more
