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...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...Carbon credit insurance is another option....
...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!...
...Allstate’s holding company just caught its second credit downgrade to BBB+, three tiers above junk, this time from S&P Ratings....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Barclays operates a partnership model in the US market, running co-branded credit cards for 20 companies including The Gap, JetBlue Airways and the AARP....
...Far from saving art for the nation, the German law caused an exodus of works in the run-up to its introduction, says the Munich-based dealer Daniel Blau....
...The BBC has agreed to sell the Elstree studio complex that is home to soap opera EastEnders to French insurance company Axa, providing a financial boost of up to £70mn for the cash-strapped broadcaster....
...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...
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Shares of companies with large auto-insurance businesses — ones that trade without the protection of Warren Buffett’s imprimatur, at least — have started to reflect those issues....
...The details of the company’s decline are complex but essentially it overexpanded, an investor took over, and Cox left in 2007....
...The company said the head of its insurance operations, Gilles Dellaert, would lead the combined unit....
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
...Those with the most exposure to home insurance have suffered more. Shares in Allstate, the country’s second-biggest home insurer by premium volume, have fallen by a fifth....
...Take a break from the news V-necks have been verboten for as long as most of us can remember, writes Teo van den Broeke....
...The company compares the hybrid method to “Thinking, Fast and Slow”, the phrase coined by psychologist Daniel Kahneman to describe the power of harnessing fast pattern recognition to more deliberative logical...
...companies.”...
...Big insurers such as State Farm and Allstate said recently they had suspended offering home insurance to new customers in California....
...Insurers named in the suit include legacy insurer RiverStone International, Berkshire Hathaway International Insurance, UK insurer RSA and a unit of Germany’s Munich Re....
...Bevan and Fellner, whose company produced hit films such as Four Weddings and a Funeral, said in a statement: “Maida Vale Studios has been synonymous with artistic excellence for generations....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...Daniel Davies is a managing director at Frontline Analysts, a research firm. He is the author of Lying For Money and is also available on Substack....
...This trend has intensified in recent years with large insurers following suit: for example, Allstate, Chubb and AIG sharply scaled down operations in California citing onerous price regulation....
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