Buoyed by CBN Monetary Inclusion Insurance policies, Monetary, Insurance coverage Subsectors’ Annual Progress Charge Reached 10.07% in This fall 2021

Kayode Tokede
As Nigeria’s Gross Home Product (GDP) grew by 3.4 per cent in 2021, monetary and insurance coverage subsectors hit a brand new annual development of 10.07 per cent on the finish of final yr, information launched by the Nationwide Bureau of Statistics (NBS) has revealed.

The Finance and Insurance coverage Sector consists of the 2 subsectors, Monetary Establishments and Insurance coverage.
In response to the most recent report by the Nationwide Bureau of Statistics, each subsectors recorded annual development of 9.37 per cent in 2020 as towards 2.03 per cent in 2019.
Additional evaluation of the NBS information

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Berkshire Hathaway Specialty Insurance coverage Introduces D&O Legal responsibility and Asset Supervisor D&O and E&O Legal responsibility Insurance policies in Germany

BOSTON & COLOGNE, Germany, November 15, 2021–(BUSINESS WIRE)–Berkshire Hathaway Specialty Insurance coverage (BHSI) right now introduced the launch of its Government First® Administrators & Offi­cers (D&O) Legal responsibility coverage for industrial prospects and a modular Skilled First D&O and Errors & Omissions Legal responsibility resolution for Asset Managers in Germany.

“Firms within the German market face rising and evolving administration and errors & omissions exposures and an evolving regulatory setting, on the similar time they need to navigate difficult insurance coverage market circumstances,” stated Carsten Keune, Head of Government & Skilled Strains, BHSI in Germany. “BHSI is happy to

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The price of FEMA flood insurance coverage insurance policies goes up, however taxpayers are nonetheless serving to to foot the invoice

Life on the water is a dream for a lot of householders — till their property floods.



On flooded Rt. 1, Lawrence Fire Company personnel take residents by boat to safety at a nearby Wawa early morning after devastating levels of rain fell in the state from the remnants of Tropical Storm Ida.


© Michael Mancuso | NJ Advance Med
On flooded Rt. 1, Lawrence Hearth Firm personnel take residents by boat to security at a close-by Wawa early morning after devastating ranges of rain fell within the state from the remnants of Tropical Storm Ida.

After Superstorm Sandy ravaged New Jersey, some householders moved away to keep away from the chance of extreme flooding, however many stayed and rebuilt. And there’s been no slowdown in building in flood-prone areas, at the same time as extreme

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Battle over California hearth insurance coverage insurance policies intensifies

SACRAMENTO, Calif. (AP) — Large wildfires are making it more durable for some California householders to get property insurance coverage, pitting the state’s insurance coverage commissioner in opposition to the business in an escalating battle that may probably stretch into 2022’s statewide elections.



FILE - In this Feb. 18, 2020, file photo, California Insurance Commissioner Ricardo Lara speaks at a state Capitol news conference in Sacramento, Calif. Massive wildfires are making it harder for some California homeowners to get property insurance, pitting commissioner Lara against the industry in an escalating conflict that will likely extend into 2022's statewide elections. Lara, a Democrat, has ordered the pool, the California Fair Access to Insurance Requirements Plan - also known as the FAIR Plan, to sell more than just fire insurance. (AP Photo/Rich Pedroncelli, File)


© Offered by Related Press
FILE – On this Feb. 18, 2020, file photograph, California Insurance coverage Commissioner Ricardo Lara speaks at a state Capitol information convention in Sacramento, Calif. Large wildfires are making it more durable for some California householders to get property insurance coverage, pitting commissioner Lara in opposition to the business in an escalating

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Why I Unbundled A few of My Insurance coverage Insurance policies

For a very long time, I had bundled my dwelling insurance coverage and auto insurance coverage coverages. This meant I had a number of insurance policies with one insurance coverage supplier. I made the selection to do this as a result of I used to be given a multi-policy low cost in trade for having my dwelling and our household vehicles protected by the identical insurer.

Just lately, nonetheless, I made the choice to unbundle my insurance coverage insurance policies and to as an alternative purchase dwelling and auto insurance coverage protection from completely different carriers. This is why that

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