Hints and tips:
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
...Scaringe told a local radio station that the Normal area, with a diverse economy that includes agriculture, universities and the headquarters of the State Farm insurance company, was different from other...
...Chiang Rai is among Thailand's most glorious provinces, with its rolling hills, forests, elephant camps, sparkling waters and top-quality farm produce....
...Airlines, tourism, construction and property companies all outperformed – indicating that investors are betting on successful easing of restrictions from here. Does the move have legs?...
...Fitch notes the five groups with the biggest homeowners insurance exposures, are: State Farm Group, Heritage Insurance Group (including Hawaii focused Zephyr Insurance Company), USAA Group and Allstate...
...In the middle, the company has further debt at intermediate holding companies — such as “Altice Luxembourg”, an entity that sits above the company’s French and international businesses and has €6.2bn of...
...“In essence, there is equity, which is investments in companies, there is lending in all its forms, and there are real assets such as property....
...The primary insurers are more exposed, so the likes of State Farm, Allstate and Travelers, which have big market shares in the affected areas, will be the ones to watch....
...Analysts say the biggest hits will be taken by primary US insurers including Allstate, State Farm and Travelers. Yet even among these companies investors have been mostly cool-headed....
...A lot now is much more complex and intellectual-property intensive.”...
...Two insurance companies listed in New York, Hartford Financial Services and Allstate, both saw their share prices rise sharply on Monday....
...It all has the potential to be a multi-billion-dollar circus, and even supporters in US officialdom are wary of betting the farm on the process....
...“Pension funds, insurance companies and fiduciaries and also a lot of family offices are moving out of this space. If they still want an absolute return strategy they will look at Ucits.”...
...“He could see around corners,” says Edward Matthews, one of Mr Greenberg’s most senior lieutenants at AIG and then at C.V. Starr, his investment vehicle....
...But it will not be big enough to reverse the cyclical downturn in overall property and casualty pricing, analysts said....
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