Hints and tips:
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...We believe the company continues to face catastrophe risks in its homeowners business line in the third and fourth quarters of 2023 mainly from wind and fire disasters that could further erode earnings,...
...But after one scooter caught fire in March, Ola recalled the batch of 1,400....
...Aniket Ullal, head of ETF data and analytics and CFRA, a data provider and consultancy, said that at the end of 2022 there were 170 buffer ETFs in the US with $21bn in assets, but that this number had grown...
...Our first pick, the property casualty reinsurer and primary insurer Everest Group, ticked all our boxes well: a cheap stock with a history of delivering growth, and with industry tailwinds to boot....
...Berkshire disclosed it earned $1.4bn of interest income in the quarter and just over $2.5bn in the first half of the year....
...Nikkei Inc....
...Meanwhile, Berkshire remains so well-capitalised, it should absorb any property and casualty claims from its customers....
...They needed their own training, insurance and vital equipment....
...Maga Inc, a pro-Trump super Pac, has booked just $6.5mn....
...Since the global financial crisis, the world economy has been hit by two enormous shocks, first Covid and then the cost of living....
...Signature’s sudden collapse was an early casualty of the turmoil now sweeping across the banking sector....
...Scaringe told a local radio station that the Normal area, with a diverse economy that includes agriculture, universities and the headquarters of the State Farm insurance company, was different from other...
...“My first reaction was really one of curiosity,” the veteran technology executive recalls. “I started visualising what could have happened.”...
...He also proposed accelerating the licensing of weapons for “authorised civilians”, and revoking national insurance rights from “families that support terrorism”....
...The court papers say that Yasuda Fire and Marine Insurance “recklessly, if not purposefully, ignored the provenance of Sunflowers that Christie’s published”....
...Oliver Roeder is the FT’s US senior data journalist and author of “Seven Games: A Human History” Follow @FTMag to find out about our latest stories first wherever you listen...
...a slimmed down, specialist property and casualty insurer....
...AIG’s split was first promised in 2020 as part of a plan to revive its flagging fortunes....
...Gold told Mack he was investigating the wrong person and should fire Gilbert. “I said give us the proof, and we’ll investigate it....
...Elsewhere. insurtech has been the hardest hit subsector of fintech, with Lemonade, Hippo and Root among the biggest casualties of the rout in tech stocks, reports our Insurance correspondent Ian Smith....
...A key area of Alleghany’s operations is property and casualty insurance and reinsurance, expanded under the leadership of chief executive Weston Hicks between 2004 and 2021....
...not have afforded to support anyone else on Cobra [health insurance] or any other of the many needs that you have when you’re running a household without income and without health insurance....
...The company first turned to a barbecue maker in Thailand to make the battery pack, as part of its “dumpster fire of stupidity”, before deciding to do it in-house....
...Alleghany, a property and casualty insurance and reinsurer, has long been described as a mini-Berkshire Hathaway....
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