Hints and tips:
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Take Allstate and Progressive: It isn’t total market mayhem, but it isn’t exactly copacetic, either....
...Yet shares of insurers such as Allstate, Progressive and AIG are down between 3 per cent and 22 per cent this year, while the S&P 500 has climbed 16 per cent....
...An engineer at a hardware technology company, Tsai Tsung-lin earns more than many of his peers....
...Alex SkaggsLike, so Allstate, Progressive, all those guys. Ethan WuMargins just being the difference between cost and price, yeah. Alex SkaggsYeah, their profitability. Ethan WuRight....
...Last week, US insurer Allstate posted a net loss of $310mn in the fourth quarter as higher motor insurance prices were not enough to overcome increased claims costs and related increases in its reserves....
...Thursday’s complaint marks the first direct challenge to a strategy that sits at the core of the buyout business model....
...The share price of two of the largest US car insurance companies — Take Allstate and Progressive — have fallen in the past month, reflecting the rising costs of underwriting auto insurance policies....
...A verdict against BioNTech would likely have limited direct financial damage on the company because of an EU legal shield that largely protected vaccine makers from legal liability if they caused unforeseen...
...“You don’t have this level of progressive thinking.” The company is now the second-largest employer in the metro area that includes Normal and neighbouring Bloomington....
...Howard Davies: A fundamental reform of property taxation, lowering stamp duty and making the council tax more progressive....
...As always you can reach me at sid.v@ft.com....
...She got a job as the head of media relations to a powerful Greek businessman who owned media and insurance companies....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...That paved the way for bands to use crowdsourcing as a means of direct financing to record albums or pay for tours....
...For progressives, the early days of the DeSantis administration were also earth-shaking....
...Yet high-profile insurance company bankruptcies are nowhere to be seen....
...The final pillar includes hundreds of billions of dollars for federal programmes intended to combat climate change, including a scheme that would pay utility companies to increase their renewable energy...
...“It’s quite a progressive company in that respect.” Stuart Perry, a regional organiser at the GMB union, has a more cynical view of The Offer in particular....
...Progressive oil companies’ focus on so-called scope 1 and scope 2 emissions — essentially, their carbon pollution from getting the fossil fuels out of the ground and to the market — is welcome....
...Eric Yuan, chief executive, claimed the company was moving from being “a killer app company to a platform company”....
...The insurance company Clover Health, which is backed by Chamath Palihapitiya, also said in February it had received a letter from the SEC....
...In the UK, Direct Line said on Wednesday that it was expecting a reduction in claims on motor insurance policies....
...He adopted the typographic convention of describing recovery: “The first part . . . will look like a sharp V shape . . . but what does the last part look like?...
International Edition