“Underwriters only have a certain amount of premium dollars,” said David Richards, chief executive of specialty insurance brokerage EQUA Specialty Risk Partners Corporation. “If they’re historically losing money on municipal insurance … then capacity shrinks. As a result, they focus on where they can make money.”

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Georgieva said an accelerated recovery from the COVID-19 pandemic in the United States, where growth is seen reaching 7% in 2021, would benefit many countries through increased trade, but rising inflation could be more sustained than expected.

French goalkeeper Illan Meslier was installed as the Whites’ number one and has performed superbly in the club’s first season back in the Premier League last term. Casilla has been restricted to just four appearances since returning from his ban.

Market expectations suggested commodity prices would remain contained over the next few years, but inflation developments varied within advanced economies and were picking up more rapidly in Britain, the United States and the euro area, while remaining subdued in others, like Japan.

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While cities elsewhere, including in the United States, have also faced higher costs, there has been an outsized impact on Canadian municipalities due to a small pool of insurers, smaller populations and the legal requirement for municipalities to have joint and several liability (J&S) coverage, according to DBRS Morningstar.

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The IMF was working with the World Bank and other institutions to move forward on its $50 billion plan to end the pandemic, she said, arguing that quicker progress could result in trillions of dollars of added global economic output.

Although J&S is not unique to municipal policies, the perception of governments as deep-pocketed has driven outsized payouts, said Pete Karageorgos, consumer and industry relations director at the Insurance Bureau of Canada.

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Video released by the Division on Friday showed countless ‘fingerlings,’ or fish under the age of one, released last week from a chute as the plane flew over some 200 high-elevation lakes across Utah that are not accessible by other means.

Higher U.S.
interest rates, in turn, could lead to a sharp tightening of global financial conditions and significant capital outflows from emerging and developing economies, IMF Managing Director Kristalina Georgieva said in a blog published Wednesday with the IMF’s surveillance note for G20 countries.

“The municipality can still go after the other defendant if they pay more than their proportionate share.” ($1 = 1.2468 Canadian dollars) (Reporting by Nichola Saminather in Toronto Editing by Denny Thomas and Matthew Lewis)