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...Chief executive Andrew Carrier said 2023 was a “landmark year” where the insurer recorded its best underwriting performance in a decade, making it the latest firm to be lifted by a global surge in insurance...
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...She added that since many of the most advanced AI companies were currently based in the US, the American government’s expertise was key to both understanding the risks of AI and to holding companies to their...
...The so-called pensions lifeboat takes over the assets and liabilities of failed companies’ pension schemes....
...The housing department said: “Where developers and freeholders have profited from unsafe buildings, we will use powers in the landmark Building Safety Act to recover funds . . ....
...At some point, American politicians will have to grasp this nettle....
...(Simon Mundy) Smart read Climate change is now reshaping the insurance industry, with severe consequences for some homeowners in vulnerable regions, this FT Big Read explains....
...Lloyd’s said the agreement with Chinese insurance company Ping An, which has owned the building for a decade, will allow it to continue its renovation of workspaces and make further refurbishments, including...
...The bond, which Trump had to post in order to pause the enforcement of the judgment while he appeals against it, was underwritten by the Knight Insurance Group in California, according to a filing to a Manhattan...
...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...The latter two are considered “core services”, because rent costs can be sticky and Americans don’t necessarily pay increases in owners’ equivalent rent in real time....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...The new obligations under the Digital Markets Act for the largest, mostly American, tech companies, strike at the heart of the way the likes of Apple and Meta generate billions of dollars in revenues in...
...Last month, Wegovy received FDA approval to help reduce heart attack and stroke risk in patients with cardiovascular disease, enabling it to be covered by insurance for the more than 50mn Americans on Medicare...
...More Americans trust Trump to handle the economy, according to the most recent FT-Michigan Ross survey....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...Many customers are buying weight-loss drugs outside insurance schemes as obesity is not a widely covered condition in the US....
...Globally, insurance companies manage assets of about $44tn, according to the International Association of Insurance Supervisors....
...And despite the threat of tougher enforcement, the policies have never been cheaper, thanks to an increasing number of insurance companies entering the market....
...The subsidies included in President Joe Biden’s landmark Inflation Reduction Act have been criticised as protectionist by US allies....
...Big private equity-cum-asset managers buy insurance companies (see also: Apollo/Athene, Brookfield/American Equity) not to cross-sell, but to gain a source of stable capital....
...I’m paying for that when I pay my insurance. Consequently, I think the American public is getting it, understanding it....
...But the motivation behind the Super League — money, power and an inability to copy the “closed league” system favoured by American sports — haven’t changed for the rebel teams or their billionaire backers...
...The pledge comes three years after the insurance market apologised for its role in the trade, which included extending crucial insurance to voyages and even insuring slaves as cargo....
...Unambitious: Europeans are “less hard-working” than Americans, Norway’s state oil fund boss told the FT, with the gap between the continents widening....
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