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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!...
...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....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...this week when his company Knight Insurance agreed to underwrite the former president’s more palatable, reduced $175mn bond....
...Need to know: business General Motors agreed a deal with the UAW union to end the carworkers’ strike, following similar deals struck by Ford and Chrysler owner Stellantis....
...One reason auto insurance can make such a big impact on inflation is, to put it simply, there are way more car owners in the US than there are homeowners in disaster-stricken California, Louisiana and Florida...
...the world’s biggest social media company by sales — comes under pressure from the US Congress....
...Catastrophe insurance is a leading indicator....
...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....
...The third thing is that annuity sales have gone up for life insurance companies. Remember that when rates go up, annuities pay a higher return....
...News round-up Bored Ape crypto fans report ‘eye burn’ after Hong Kong party (FT) Ken Griffin warns against hedge fund clampdown (FT) Greensill misled German regulator on insurance deal, IAG claims (FT...
...They say that the fees they can charge in most cases are capped at about €7,000 and are often paid by their clients’ insurance. “It’s cost intensive,” said Cäsar-Preller owner Joachim Cäsar-Preller....
...The company is also increasingly facing fierce competition from domestic rivals including BYD and Li Auto....
...The group believes it can convince business owners to pay up to $5,000 per vehicle for a variety of services including smart insurance and hands-free driving....
...Cars are highly taxed there, so his Mercedes E-Class E200 had cost him $125,000 — the same car in Switzerland, where auto taxes are far lower, costs around $50,000....
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...For motor services, computer vision has implementation far beyond insurance: Auto parts providers use Tractable’s scans to help them decide which salvage vehicles to buy, and rental companies use the technology...
...And Keith Barr, chief executive of Holiday Inn owner InterContinental Hotels, recently opined that the UK stock market is “not a very attractive place”....
...They say new owners can help companies streamline their operations, pushing them to become more competitive....
...The sector has consolidated in recent years, with media roll-up Future buying the company behind GoCompare and Confused.com bought by the owner of Uswitch....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...Business owners’ needs extend beyond insurance coverage, of course, and brokers have long provided ancillary services — cyber support being the latest example....
...The Taobao and Tianmao owner held a nearly 80 per cent share of the online shopping market in 2015, write the Financial Times’ Eleanor Olcott and Gloria Li....
...Before that Rowan was the head of operations at BlackBerry owner RIM....
...Several of the worst-performing companies in the index, including Hippo and Root, focus on personal lines of insurance such as home and auto....
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