$3.1 billion. that is less than half of its value at close of play on friday but it is the best of a bad situation. the bank of england has said it offers stability and restores some confidence. inevitably, though, these comparisons now to 2008, especially following the collapse of silicon valley bank and signature in the us last week. this is happening because interest rates are rocketing, global energy prices have gone up and that has an impact on how much borrowing costs and some banks are not coping. markets in asia this morning have reacted, they are down between 1% and 2% this morning. not disastrous but not wholly reassuring. this deal in some ways has steadied the ship but experts are saying far from smooth sailing ahead. lats but experts are saying far from smooth sailing ahead.- but experts are saying far from smooth sailing ahead. lots of big questions- smooth sailing ahead. lots of big questions. for smooth sailing ahead. lots of big questions. for now, smooth sailing
For immediate release
NEW YORK, Jan. 28, 2021 The U.S. insurance industry
recognizes governmental policy priorities will change in 2021 given the outcomes of 2020’s elections, a panel agreed today at the Insurance Information Institute’s (Triple-I) annual Joint Industry Forum (JIF). “What we have seen is nothing less than a tectonic shift in the power structures in D.C. and that is going to have profound implications for the policy initiatives that are going to be inbound toward us as an industry,” said David Sampson, President and CEO, American Property Casualty Insurance Association (APCIA), during a panel called
Trade Winds Navigation: More Rough Waters or Smooth Sailing Ahead ?