Hints and tips:
...Allstate’s 2Q underwriting results (as measured by its “combined ratio”) highlights what can happen when weather and economic conditions turn against property and casualty insurers....
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...In recent months, both State Farm and Allstate have announced plans to stop writing new policies in fire-prone California....
...Big insurers such as State Farm and Allstate said recently they had suspended offering home insurance to new customers in California....
...It wouldn’t accept insurance or take money from pharmaceutical companies. And it would have its own medical advisory council as an alternative to the US Centers for Disease Control and Prevention....
...No premiums for insurtech Once high-flying insurance start-ups like Lemonade, Hippo and Root have emerged as the biggest casualties of the broader sell off in tech stocks, the FT’s Ian Smith writes....
...and casualty market have produced an unknown — but potentially huge — vulnerability....
...companies....
...POP Ziggyology , by Simon Goddard, Ebury Press, £20, 352 pages After the comeback and the V&A retrospective comes Bowie fatigue. Do we need more adulation?...
...Over the last year, we understand that a number of AIG’s 100,000+ employees have left A.I.G. to join the company’s direct competitors in the global property and casualty and life insurance businesses....
...Because Jim Crow laws were overturned, black CEOs today run Fortune 500 companies....
...Investment banks that bought mortgage origination companies in the housing boom – such as Morgan Stanley, Lehman Brothers and Merrill – have let go of many staff in these companies....
...Allstate and State Farm, two big property and casualty insurers, now want other states and the federal government to establish reinsurance schemes as well....
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