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...Some bulk annuity providers such as Aviva and Legal & General are part of broader groups offering other types of insurance and investments but PIC, founded in 2006, is a privately owned specialist in the...
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
...Brookfield has offered to acquire American Equity Investment Life for $4.3bn, making it the latest private capital manager looking to expand in credit investing by adding retirement annuity and life insurance...
...A second use of the money that I propose: people are very badly insured in poor countries; the insurance market has not really managed to penetrate....
...But he has attracted new billionaires: Tim Mellon, a scion of the Mellon banking family who wants to “build the wall”, Texas oil titans Kelcy Warren and Tim Dunn, Trish Duggan, a Florida scientologist divorced...
...The North American unit is a leading producer of cement, concrete and roofing, and generated about $11bn of net sales last year, roughly 40 per cent of the group’s total....
...The recently-completed Dangote refinery in Nigeria is purchasing American crude oil, described as “a sign of just how competitive American barrels have become in the global market.”...
...Adam SilversteinMemberOtterbourg Over the past year, Adam Silverstein has played a crucial role in clamping down on big corporations deploying the so-called Texas two-step, whereby a company facing mass...
...Students who want a Peterson Academy “general education degree” — unaccredited — will have to watch 90 eight-hour-long courses....
...In 2013, the American Psychiatric Association’s diagnostic manual, which is essential for accessing health insurance for a disorder, put gambling on par with drug and alcohol addiction....
...AEL fired back at Brookfield, calling it a “direct competitor” that could not remain on the board because in 2022 it acquired a Texas-based life insurer, American National, for $5bn....
...Two-thirds of the North American population is at risk of power shortages this summer during periods of extreme heat, the North American Electric Reliability Corporation, a non-profit, warned in May....
...ballistic missiles, according to Hugh Griffiths, a former co-ordinator of the UN panel of experts monitoring North Korea sanctions breaches....
...Republican attorneys-general from states including Texas, Virginia and Alabama argued in a recent letter to these insurers that the push to “rapidly reduce emissions” had raised insurance costs and fuel...
...Shares plummeted 95 per cent, class-action lawyers were circling and commentators were openly speculating about whether the bank would be taken over by the Federal Deposit Insurance Corporation....
...But the Federal Deposit Insurance Corporation, advised by longtime investment banker and former Obama administration official Jim Millstein, became frustrated....
...Thanks to that and a reluctant decision by the Federal Deposit Insurance Corporation to allow GE to participate in the same lines of credit and government guarantees the agency was affording traditional...
...The hubris-to-nemesis story of how this emblematic American corporation ended up being hounded by activist investor Nelson Peltz and broken up under its current chief executive Larry Culp must count as one...
...Operations and people management WINNER: American Red Cross Originality: 8; Leadership: 8; Impact: 8; Total: 24 Rather than spend $1.4mn a year on outside counsel to handle the administration of donations...
...Its interest expense shot up 10-fold, to $525mn in the last three months of 2022, from just under $50mn a year earlier, data from the Federal Deposit Insurance Corporation shows....
...AHIP, a group representing more than 1,300 companies that provide health insurance to 200mn Americans, said its members were not averse to paying for gene therapy drugs, as long as they proved to be effective...
...Two days after the Federal Deposit Insurance Corporation took control of the bank’s assets, the Treasury, Federal Reserve, and FDIC announced that depositors would have access to all of their money on Monday...
...And even though in general insurance is handled externally, like, you file your claims directly to the insurance company. It’s not clear to me how confidential those records really are....
...For Profit: A History of Corporationsby William Magnuson, Basic Books £10.99 The author, a professor at Texas A&M University School of Law, has put current debates on the role and behaviour of corporations...
...She emerged from prison with a really sweet jailhouse braid and was met by Republican Congressman Louie Gohmert of Texas, who presented her with a folded American flag....
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