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Related Special Reports
...The rating agency also downgraded the Bermudian reinsurer 777 Re because of fears about the quality and diversity of investments which A-Cap and other insurers had “ceded” to 777 Re to manage....
...Ingosstrakh, which evolved out of the Soviet-era Chief Agency of Foreign Insurance, is one of Russia’s largest insurers. Insurance for shipping is a small part of its portfolio....
...The move has already caused ructions among direct insurers, contributing to the decisions of insurers such as State Farm to stop underwriting new home cover in California....
...The international agency acquired Kassan’s strategic advisory firm MediaLink in 2021 for $125mn from UK-based Ascential, and made Kassan a partner....
...In wildfire-prone California, large insurers, including State Farm, have paused new applications....
...He said the so-called dealer rule his agency passed this month is more focused on big high-speed trading firms than on hedge funds....
...“No one wants to have the largest public housing project in the state of California next to” the Crypto.com Arena, where the Lakers, LA Clippers and Los Angeles Kings ice hockey club play, he said....
...Several big US insurers, including State Farm and The Hartford, have paused their underwriting of new home policies in the state of California....
...Nevertheless, some local acceleration seems plausible given the regulatory changes occurring at the state level to permit insurers to charge higher premiums....
...Workers can seek cover in California, even if they lived elsewhere when signing the contract....
...” with other US state regulators....
...the state’s directive....
...For all the anti-climate rhetoric from Republicans in other states, California’s legislation is poised to be the most enduring climate action from the US in 2023....
...State Street Global Advisors developed a new product for the $32bn University of California retirement system aimed at this issue....
...Rating agency Moody’s last week downgraded NAI’s debt by two notches to Caa1 citing “a heightened risk of default” on a $231mn term loan, in part because of a lighter slate of film releases after last year...
...Claims could span property and cargo damage, third-party liabilities and business interruption, said Mathilde Jakobsen, senior director at AM Best, an insurer rating agency, and would “add to the increasing...
...In the 1990s Francois-Henri’s father Francois purchased a portfolio of junk bonds from Executive Life, a now defunct California insurer that had been bought by Credit Lyonnais....
...California regulators have barred Cruise’s autonomous vehicles from the state’s roads and accused the company of misrepresenting details about an accident, dealing a sharp setback for the General Motors-owned...
...Perhaps no group of analysts in the world is as influential as the team that produces the International Energy Agency’s reports on the energy sector and its green transition....
...The US’s Environmental Protection Agency is expected to finalise legally enforceable standards for PFAS in drinking water this year, and 10 states have legally enforceable standards....
...Cruise on Thursday said it was co-operating with law enforcement agencies....
...Such infrastructure businesses, Buffett noted, are most often operated as natural monopolies for which equity returns are mandated by state regulators....
...The US’s move to greener steel production has also had the effect of shifting production south, to states with less organised labour....
...We start today with Joe Biden’s plans for tonight’s State of the Union address....
...California last month struck a deal with insurance companies to continue writing policies for property in disaster-prone areas, after big US names such as State Farm and Allstate stopped issuing any new...
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