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...Leaseholders pay towards insurance policies that cover the whole building, but typically have no control over how that policy is chosen or the level of commission shared with brokers and freeholders....
...Shah’s previous business Health IQ, a life insurance broker that used AI, filed for bankruptcy last year after rising interests hit its ability to meet debt payments....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Mairaj’s was one of them, in 2022. He accepted an offer to buy his home from Blue Acres, a programme led by the New Jersey Department of Environmental Protection....
...And it has plans to pursue more: . . . since 2022, the Allstate brand implemented rate increases of 33.3%, which included 16.4% in 2023 and 6.9% in the fourth quarter driven by the recent approvals in California...
...The Department of Justice said Mizuhara made “unauthorised transfers” worth more than $16mn from November 2021 to January 2024 from Ohtani’s account....
...The reinsurance industry says it cannot currently price the type of localised risk that is pushing up home insurance costs and leading to reduced coverage in states like California....
...Shohei Ohtani’s former interpreter was charged with bank fraud by the US Department of Justice, which accused him of wiring more than $16mn from the Los Angeles Dodgers baseball star’s bank account to pay...
...still to a two-and-a-half-year low of 3.2 per cent....
...Cruise’s cars were “not safe for the public’s operation”, California’s Department of Motor Vehicles said as it announced it was revoking permits for Cruise to test and deploy its vehicles on public streets...
...The plans could mean harsh cuts in some departments given promises of bigger increases in areas including healthcare....
...The company’s cars are “not safe for the public’s operation”, California’s Department of Motor Vehicles said as it announced it was revoking Cruise’s permits both to test and deploy its vehicles on public...
...The announcement comes days after California’s Department of Motor Vehicles barred Cruise’s autonomous cars from the roads and accused the company of misrepresenting details about an accident this month...
...Several big US insurers, including State Farm and The Hartford, have paused their underwriting of new home policies in the state of California....
...Sucre and Seguros Rocafuerte, and three other Ecuadorean officials, the US Department of Justice said on Monday....
...Globally, insurance companies manage assets of about $44tn, according to the International Association of Insurance Supervisors....
...This includes looking at how nature-based adaptations such as better forest management or the restoration of salt marshes can reduce wildfire or flood risk, argues Dave Jones, a former California insurance...
...Departments are already facing squeezed budgets in the next parliament....
...When suspending Cruise’s driverless permit, the California Department of Motor Vehicles said the company had misrepresented the details of the accident by failing to disclose in meetings the day after it...
...The PE insurance company subsidiaries sell annuities, that is, contracts by which individuals exchange a lump sum for a certain level of income over a certain period of time, sometimes the rest of the individual...
...The announcement marks a significant blow for Cruise and comes days after the California Department of Motor Vehicles barred the company’s autonomous vehicles from the roads and branded them “not safe for...
...As his New York trial got under way this week, Bankman-Fried filed a legal complaint against a unit of Chicago-based CNA, saying that the company had not paid out on directors and officers insurance intended...
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