Hints and tips:
...Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...support for diversity, writes chief data reporter John Burn-Murdoch....
...Kate Duguid, US capital markets correspondent A profile of the actress who plays Flo in the Progressive ads by Caity Weaver in New York Times gets at the nature of advertising, the insurance industry and...
...His much-vaunted “float” from Berkshire’s insurance segment now totals $165bn....
...“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....
...It is an optimism shared by Julian Teicke, the chief executive of privately held German insurtech Wefox, who likens the challenge facing the listed early stage insurance companies to a “valley of death”....
...No premiums for insurtech Once high-flying insurance start-ups like Lemonade, Hippo and Root have emerged as the biggest casualties of the broader sell off in tech stocks, the FT’s Ian Smith writes....
...MoneyLion has added Even’s insurance and personal loan services into its banking app and hopes the company’s software offering will also bring new customers to its own products....
...The fate of Didi Chuxing, China’s leading ride-hailing app and another high-profile casualty, is also uncertain....
...Lordstown’s chief executive Steve Burns told investors on Wednesday that the company was complying with an information request from the SEC....
...Eric Yuan, chief executive, claimed the company was moving from being “a killer app company to a platform company”....
...Chinese mobile apps, which have proliferated across India, are another casualty....
...Lloyds said on Monday that it would be able to maintain its progressive ordinary dividend policy, but it suspended the remainder of its annual share buyback programme....
...Its iptiQ unit helps other companies to develop insurance products....
...Our insurance team’s favorite life companies are Prudential and ASR We remain overweight of P&C Defensive: The sector should be agnostic to the cycle (having no correlation with HY spreads and PMIs) yet...
...… and high cash burn and capital commitments mean leverage has taken a permanent step up....
...HSBC has some discussion about V and W shaped recoveries; its own model resembling “the Nike swoosh” is made by combining a proper V in mainland China forms and more of an L among Western European and American...
...Only a handful of companies have liquidity issues by 2021,on our estimates –assuming credit cannot be rolled....
...Can these companies really countenance the presidency of Donald Trump, and his desire to overturn Roe v Wade? Walter Jospin Atlanta, GA, US...
...We expect only a progressive resumption of schedules through Q3, and air traffic will likely be significantly down yoy throughout 2020....
...CIB missed on lower EQ revenues, while Insurance & Corporate Center beat. Payments were line....
...If the shutdown is prolonged, the $1.0bn monthly burn could be mitigated via capex and SG&A reductions and deferrals in newbuild progress payments as well as scheduled debt payments....
...Exane likes Sampo and Lancashire as the most defensive of the property and casualty insurers....
...However, the England v France game was cancelled due to Typhoon Hagibis, the most powerful storm to hit the country in decades....
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