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...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!...
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...Tesla owners must be choking on their kale smoothies. Auto insurers have rapidly boosted prices for electric vehicle cover in the past year, much more than for fossil fuel cars....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...this week when his company Knight Insurance agreed to underwrite the former president’s more palatable, reduced $175mn bond....
...She is the company’s first outsider and first female CEO, one of only 52 women leading Fortune 500 companies....
...The FT’s Patrick Jenkins examines the pros and cons of the dual-CEO model....
...Need to know: business General Motors agreed a deal with the UAW union to end the carworkers’ strike, following similar deals struck by Ford and Chrysler owner Stellantis....
...One reason auto insurance can make such a big impact on inflation is, to put it simply, there are way more car owners in the US than there are homeowners in disaster-stricken California, Louisiana and Florida...
...the world’s biggest social media company by sales — comes under pressure from the US Congress....
...Catastrophe insurance is a leading indicator....
...The share price of two of the largest US car insurance companies — Take Allstate and Progressive — have fallen in the past month, reflecting the rising costs of underwriting auto insurance policies....
...The third thing is that annuity sales have gone up for life insurance companies. Remember that when rates go up, annuities pay a higher return....
...News round-up Bored Ape crypto fans report ‘eye burn’ after Hong Kong party (FT) Ken Griffin warns against hedge fund clampdown (FT) Greensill misled German regulator on insurance deal, IAG claims (FT...
...They say that the fees they can charge in most cases are capped at about €7,000 and are often paid by their clients’ insurance. “It’s cost intensive,” said Cäsar-Preller owner Joachim Cäsar-Preller....
...The company is also increasingly facing fierce competition from domestic rivals including BYD and Li Auto....
...The FDIC said the bank’s collapse had put a roughly $20bn hole in its insurance fund....
...The group believes it can convince business owners to pay up to $5,000 per vehicle for a variety of services including smart insurance and hands-free driving....
...Cars are highly taxed there, so his Mercedes E-Class E200 had cost him $125,000 — the same car in Switzerland, where auto taxes are far lower, costs around $50,000....
...It wouldn’t accept insurance or take money from pharmaceutical companies. And it would have its own medical advisory council as an alternative to the US Centers for Disease Control and Prevention....
...Insurance regulation US insurance regulators will meet today to consider boosting capital charges on complex corporate loan instruments that some in the industry warn are creating excessive risk....
...Under the microscope Apollo’s bold bet on insurance has made it the envy of the private equity world. But it has also invited more scrutiny, Bloomberg reports....
...Patrick Jenkins is deputy editor of the FT Find out about our latest stories first — follow @ftweekend on Twitter...
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...For motor services, computer vision has implementation far beyond insurance: Auto parts providers use Tractable’s scans to help them decide which salvage vehicles to buy, and rental companies use the technology...
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