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Business Insurance
Insurers tighten underwriting to focus on profitability Feb 25, 2025
* According to Aon’s Q4 2024 Global Insurance Market Insights Report, Japan’s four leading insurers, which control 90% of the market, have adopted stricter underwriting practices, resulting in reduced capacity, higher prices, and the elimination of some favorable coverages, Insurance Asia reported. The tightening market is expected to persist through mid-2025, with property insurance facing double-digit premium hikes and constrained per-risk capacity, and casualty coverage becoming more restrictive.

*Singer-Pianist Roberta Flack, former Schoolteacher, dies at 88.* Bird Flue (H5N1) and egg prices - Egg prices continue to skyrocket due to the birdflu pandemic ravaging poultry farms. The average cost for a dozen eggs is now over $8;00. Source: USDA AMS L&P Livestock, Poultry, and Grain Market News
 * According to the dailydozen at Forbes.com Feb 24 2025
​The Dow Jones Industrial Average sank 1.7% on Friday, its worst day this year, following a report that the federal government is probing UnitedHealth Group. Shares of the U.S.’ largest health insurer plummeted as much as 12.7%, the latest in a turbulent stretch on Wall Street as its business practices come under scrutiny.

Local

With regards to "Election Fever" growing in the Cayman Islands, and great anticipation of who will be running, and which team who will be joining, all eyes are open and focused on the News papers, and all ears are listening to radios and the gossip rumor-mill, as to which team or Independent will win the up coming Election slated for April 2025. Yesterday, an Independent after a long hiatus, rejoin his former team.

Congratulations to Local born Author : Jonathan Piercy on his new book The Power of Light: The Deception of Darkness. Pre-orders can be made by going to Facebook. The book will be in stores early April 2025. 

Congratulations to the beautification of the central George Town area by the Post Office.

Stay tune for more up coming Local News.  

Business

According to Business Insurance Daily Briefing and Reuters reporting, Feb 24, 2025.
* Warren Buffet's Berkshire Hathaway said Saturday that, its operating profit set a record in the fourth quarter, and for the third straight calendar year, bolstered by improved underwriting and higher investment income in its insurance businesses.
* Much of that income comes from Berkshire's enormous cash stake, which ended 2024 at a record $334.2 billion, twice as much as a year earlier.
​* While overall insurance underwriting profit quadrupled in the fourth quarter, Berkshire projected a $1.3 billion pre-tax hit from last month's wildfires in the Los Angeles area.
*On a final note, the 94 year old, Warren Buffet stated in, his annual letter to Berkshire shareholders, the company would prefer investing in businesses to holding cash.                                   

Health

There are many ways you can make a powerful impact in our fight against Cancer, locally and Internationally, by donating to your local Cancer foundation today.

According to The "American Cancer Society" approximately 107,320 people in the USA, will be diagnosed with Colorectal cancer in 2025. Also, did you know that it's the third most common cancer in men and women, and when you look at deaths from cancer, it is the number two cause of cancer deaths, when numbers for men and women are combined.

Take the time to Visit a senior or an elderly who cannot get out, and spend some quality time with them, because loneliness can lead to mental illness and depression.

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