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...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...Adam Winslow, head of Aviva’s general insurance business in the UK and Ireland, said individuals, companies and countries “all have to play their role” in the transition to a climate-friendly economy....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...encourage consumers to buy electric models....
...Motor insurance prices have hit an all-time high, with both combustion engine and electric vehicles feeling the squeeze....
...The company’s UK operations have been losing about £1.5mn a day. T V Narendran, Tata Steel’s chief executive, told the Financial Times the status quo was “not sustainable”....
...Investors will also be looking for changes in focus at Elon Musk’s company after reports it was slowing plans for a cheaper electric car in favour of self-driving “robotaxis”....
...Executives from India’s Tata Steel, including chief executive T V Narendran, have flown in for the talks with union leaders in London to discuss plans for the future of the company’s UK operations, which...
...Losses are exacerbated by general inflation, particularly for car insurance. New cars and parts have been affected by supply chain challenges....
...ByteDance’s US investors include private equity company General Atlantic as well as Susquehanna International Group, Sequoia Capital and Coatue Management....
...companies.”...
...For example, US carmaker General Motors has committed to selling only electric vehicles by 2035, presenting its legal team with many challenges....
...Separately, India’s government signed off on a plan to lower import taxes on some higher-priced, imported electric vehicles....
...General Motors chief executive Mary Barra said this year that the company had ordered two “giga press” machines with the intention of using the technology for mass-market vehicles....
...Companies: Walt Disney shareholders vote at the entertainment giant’s annual general meeting on whether to award billionaire activist Nelson Peltz a board seat....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...Given that Britain’s two greatest postwar manufacturing companies — Imperial Chemical Industries and the General Electric Company — were reduced to corporate rubble by overambitious bid activity, rolling...
...The progress made by Chinese companies and regulators in Beijing poses a new challenge to the west, which is already lagging behind China in the development of electric vehicles, according to analysts, and...
...Lending can also be structured to mimic the effective price-insurance provided by acquisition authorities....
...Also relatedly, the Chinese car company BYD has overtaken Tesla as the world’s number one producer of electric vehicles, and a Volkswagen joint venture with a state-owned Chinese manufacturer has started...
...Thiel’s venture firm, Founders Fund, put in $400mn, its single largest cash investment into any company. General Catalyst eventually decided to invest, too, handing over $30mn in 2019....
...Sir Keir Starmer is on a mission to reassure business over his proposed reforms to workers’ rights should Labour win the general election....
...Gaps in coverage are already emerging: US companies State Farm and Allstate have stopped accepting new home insurance policies in California thanks to the state’s wildfire risk....
...Stellantis is considering a partnership with China’s CATL to build low-cost electric car batteries in Europe, in a move that would increase the affordability of its electric vehicles but deepen its reliance...
...Globally, insurance companies manage assets of about $44tn, according to the International Association of Insurance Supervisors....
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