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...Bank of America has come under fire from environmentalists for changing its tune on Arctic drilling and coal power plants....
...The retraction undermined their original findings that those who signed a declaration at the start of a tax form and a car insurance company claims audit were more honest....
...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...
...Hartford Financial Services, which writes far fewer home insurance policies, is down just 5 per cent. Some states limit insurers’ ability to raise premiums....
...Since then, the US backlash against ESG investing has turned its fire on insurance companies, after Texas Republican lawmaker Bryan Hughes reportedly wrote to large insurers with concerns about shareholder...
...It is also not clear if Trump would put any of the money from that company into his campaign, but he could use the proceeds to pay his legal fees....
...In 2016 a man was accused of burning down his home in Ohio after his heart pacemaker shed doubt on his insurance claim of an accidental fire....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...“The fact of the matter is [that] this is far broader than just insurance brokerage,” Williams said, although he adds that insurance is likely to remain the company’s largest business line....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...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....
...Companies that sell software to insurance groups have also fared better....
...Markets The Bank of England’s quantitative easing programme has made it the biggest holder of UK government debt (gilts), overtaking overseas investors and pension and insurance companies....
...The money will be used to help the company, which provides cycle insurance, to expand from the UK into the Netherlands. The funding brings the total raised to date to $6.4m....
...KPMG decided not to renew its sponsorship of the Duke’s Pitch@Palace network for entrepreneurs at the end of October, while Aon, the insurance broker, asked for its logo to be removed from the initiative...
...A new generation of campaigners is bringing added fire to such demands....
...Trump used his political fire-power to forge the deal and he will likely use it again down the road to hold OPEC+ to their promised cuts to the end of Q1 2022....
...(FT) Business shuns Prince Andrew The Duke of York is losing corporate support for his charitable work, with companies including KPMG and insurance company Aon distancing themselves from the Queen’s second...
...However, those transactions — Hartford/Navigators, Axa/XL Group, AIG/Validus — involved strategic buyers, not private equity firms. Those deals were also more expensive....
...For insurance companies dealing with seafront real estate, to the electric utilities that must make sure their grid can withstand large wildfires, the physical impacts of a warmer world have become impossible...
...Various factors threatened the company’s survival at this point: Camel Group might have backed out, customers might have demanded their deposits back, staff might have left, or the insurance company might...
...After the financial crisis several companies, including The Hartford, ING and Genworth, wound down or exited their VA operations, due to hefty losses....
...Earnings from finance and insurance fell by $234m, and from company management positions by $630m — more than in any other US state....
...But switching to a new auditor may not quell doubts about the reliability of the company’s earnings report....
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