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...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...fell as miles driven, and accidents, plummeted....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...At Unhedged, we’re betting that NYCB is not the last rate-driven market accident we are going to see in this cycle. One good read Is private equity worth it?...
...He’s made a shit ton of money for the company.” Buffett’s fascination with the insurance industry dates back more than 70 years....
...Boeing has called a company-wide safety meeting for Tuesday to discuss its response to the incident....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...The insurance sector is expecting a hefty bill....
...Even drivers with long records of accident-free motoring have faced sudden jumps in prices for the policies they legally need to hold....
...(Do this thought experiment: picture a conglomerate controlling the same empire of companies as Berkshire, including in notably unpopular industries such as energy, insurance and banking; can you imagine...
...The insurance claim stemming from the accident could reach $1bn-$3bn, Barclays analysts estimated on Wednesday....
...Marine insurance experts told the Financial Times that the accident would probably lead to a substantial claim, including for damage to the bridge and disruption to the port....
...The company said its position in the iPhone maker was worth $135.4bn in the first quarter, down from $174.3bn at the end of 2023, indicating it had sold roughly 115mn shares in the company at the start of...
...Drone companies cite possible uses in defence, safety, transport, insurance and retail. But healthcare may be the way to win regulatory hearts and minds....
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...“Having Pat take charge, and then getting that new arrangement with Boeing, has drawn the two companies even closer together....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...Buffett has long heaped praise on Apple’s management team and in 2022 he described the company as one of Berkshire’s “four giants”, alongside its insurance operations, the BNSF railroad and its energy and...
...But it will be companies with large health insurance divisions such as UnitedHealth not traditional retailers, that will have the best shot at capturing more of that $4.5tn pie. pan.yuk@ft.com...
...On Thursday the company paused production at its plant in Renton, Washington, for 15 hours to discuss quality issues with more than 10,000 workers....
...Whitaker said the overall oversight approach needs to involve more direct surveillance of the companies....
...The accidents killed a combined 346 people and caused regulators in one jurisdiction after another to ground the plane....
...Buffett in recent years has talked about how he shares similar views on capital allocation to Abel, who rose through the company’s utility business and now has oversight over all of its non-insurance operations...
...American companies so that they can pay for their coke....
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