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...The insurer is due to underwrite about £2bn of business within Lloyd’s this year and then grow that as a central part of owner Mitsui’s five-year strategy to reach £3bn within Lloyd’s and the so-called company...
...Tanker owners must be able to prove they hold adequate insurance against spills in order to be allowed to access ports and other facilities....
...Industry title Insurance Insider previously reported Aspen was planning a US IPO....
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...Two marine experts said this would require the owners to show they did not have any previous knowledge of problems with the ship....
...Insurance also operates on rolling contracts. Right now, auto insurers are perhaps pushing up premiums to make up for higher post-pandemic costs. Both should settle, but it will require patience....
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...“All EU regulators are really down on PE fund owners right now,” said one insurance executive....
...Second, auto-insurance prices — our favourite CPI component from the past year! — has also been more muted in the PCE, the Fed’s preferred inflation gauge....
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...Robinson and other experts have likened the probe to the payment protection insurance scandal, which dates back to the 1990s when banks mis-sold insurance to millions of customers, leading banks to later...
...Car owners have been squeezed by a surge in insurance prices since their pandemic lows, as companies try to reflect a surge in claims costs....
...The attorney-general’s lawyers further claimed Knight Insurance sent “100 per cent of its retained insurance risk to affiliates in the Cayman Islands”, where “lax regulations” allowed the company to bolster...
...Tesla owners must be choking on their kale smoothies. Auto insurers have rapidly boosted prices for electric vehicle cover in the past year, much more than for fossil fuel cars....
...This story has been amended to correct a reference to the owner of Eurovita....
...Nusrat Ghani, industry and economic security minister, welcomed the announcement: “This is a further vote of confidence in the UK economy and exciting news that shows our plan for the auto industry is working...
...this week when his company Knight Insurance agreed to underwrite the former president’s more palatable, reduced $175mn bond....
...Don Hankey, a Los Angeles-based subprime auto loan billionaire, has said two of his biggest early-career mistakes were to only do business with honest people and to trust his gut to pick those people out...
...Wingefors, Embracer’s co-founder and largest shareholder, said he planned to be a “long-term, active, committed and supportive owner of all three entities”....
...Geely’s 2017 bailout of Lotus, when it took a stake in then-owner Proton, was welcome for a business that always drove on the verges of solvency....
...The auto industry is facing a number of existential, yet simultaneous, challenges: the uncertain pace of the shift to electric vehicles, growing competition from Chinese exports, geopolitical trade risks...
...“China imposes restrictions on American autos and other foreign autos operating in China,” Biden added....
...Besides credit card debts, Blackstone has picked up home improvement loans, auto loans and loans financing rooftop solar power....
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