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...Its use of generative artificial intelligence was also growing, he said: about a fifth of all emails that come into the group — a trickier area to automate than in-app communications — are responded to by...
...All declined to comment. Aviva and Phoenix Group did not provide figures when asked by the Financial Times....
...These types of asset-backed debts have become hotly coveted in the private capital industry as large managers such as Brookfield, Apollo Global and KKR manage insurance-based investment assets, generating...
...“All eyes will be on what state-funded systems like the UK do as they scrutinise the risk-benefit calculation.”...
...All this data combined is used to decide whether to offer insurance cover and at what price....
...“All EU regulators are really down on PE fund owners right now,” said one insurance executive....
...Credit moment The slow, humdrum world of corporate lending is suddenly all the rage, Lex writes. Defamation pit bulls Law firm Clare Locke helped win a $787mn settlement against Fox News....
...“They just keep putting in apartment complexes and warehouses all around Manville and all that water comes to us,” he says....
...Insurance isn’t the flashiest business sector. We’d all rather talk about electric vehicles or hydrogen technology....
...Often, travel insurance is included either as an extra benefit or service through your bank or credit card company as part of a package of services for which you pay a monthly or annual fee....
...This has already occurred in home insurance relating to climate, with US states including Florida providing cover for homeowners who are unable to get it; the UK’s Flood Re is a joint government and industry...
...Two London insurance brokers have settled with the US government over their participation in a scheme to pay bribes of $2.8mn to Ecuadorean officials via Florida bank accounts to secure reinsurance business...
...Within a few years, Dai-ichi will have the chance to acquire all of Canyon....
...Things grow fast in Florida....
...North America highlight examples of their work in the following areas: Legal team operations Outside counsel management Sustainability and impact Commercial and strategic advice People and skills All...
...Code red Labour will close loopholes and crack down on tax avoidance to raise more money for public services....
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...All this is adding greater urgency and attention to a challenge long predicted by environmental activists: that climate change will make parts of the world uninsurable....
...Competition could potentially push down prices and reduce the risks of routing all the activity through one venue....
...This article has been updated to clarify that Barings is pausing new investments in some, rather than all, of its private credit funds....
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...Texas, Florida, Missouri and other GOP-led states followed suit with anti-ESG initiatives and divestments....
...“All EU regulators are really down on PE fund owners right now,” one insurance executive told the FT....
...Although, all in, the latest Basel rules may require more capital for most banks, this Danish Compromise should make insurance a more attractive proposition....
...Motor vehicle insurance is driving the transport services bar. So what? Calculations of OER are dubious (it is imputed based on rents for comparable rental housing)....
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