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The sixth annual ranking of companies in the region with the highest growth. Health tech businesses thrive post-pandemic even as VC funding drops. Plus: Singapore draws in start-ups; new models of corporate success in Japan; India’s EV expansion
...Home insurance is becoming increasingly unaffordable in areas such as California and Australia, as global warming has made storms, floods and wildfires more frequent and severe....
...Lemonade, whose shares have fallen more than 70 per cent since its first day of trading in New York in 2020, provides a range of insurance including for homes, pets and cars to customers in the US and Europe...
...So far, its lending has funded 1,800 homes. It has financed projects including 316 rental homes in Bath and a joint loan with insurance group Generali for 65 homes for sale in Canary Wharf....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...The work-from-home trend made for a listless atmosphere at its City headquarters. Now numbers are back to nearly four-fifths of pre-pandemic levels, Tuesdays and Thursdays....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...This was offset by a positive contribution from other business lines, such as home insurance and motor rescue....
...The costs of core insurance products, such as home and motor insurance, have come under increased scrutiny amid a cost-of-living squeeze on UK households....
..., which is a significant provider of home, motor and life insurance, and has more than 18mn customers worldwide....
...Rising premiums have lifted the fortunes of insurance brokers, who take home a proportion of the premium as commission....
...We liked the south of Spain, too, but there just aren’t the direct flights [to Tampa],” says the software company owner, who preferred not to disclose his surname....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
....— Euclid Elk Mountain crests above a frozen moonscape, like a giant stone whale breaking through the snowy scrub plains of Carbon County, in southern Wyoming, in the great American West....
...Last month, Wegovy received FDA approval to help reduce heart attack and stroke risk in patients with cardiovascular disease, enabling it to be covered by insurance for the more than 50mn Americans on Medicare...
...and workplace insurance products such as pensions....
...But public car insurance would be even harder to design than flood-zone home insurance: how would any government limit the number it covered?...
...The insurance sector is expecting a hefty bill....
...The latter two are considered “core services”, because rent costs can be sticky and Americans don’t necessarily pay increases in owners’ equivalent rent in real time....
...Its insurance customers carried lower costs of capital than banks, making them a good home for many loans, said Gray....
...The result is that home insurance costs are rising fast, up by a fifth in the US on average last year....
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