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...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...
...But if this asset is worth more to another party than it’s worth in the context of OCI or the public company or of myself, then that is the more deserving owner.”...
...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!...
...The transport companies were so busy moving art, they ran out of trucks.” If Germany wants this art back, “the law should be scrapped,” says Blau....
...The top companies by revenue included some of the US’s most recognisable names — including Amazon, Google’s owner Alphabet, Pfizer, and Tesla but also several lesser known businesses, such as IT company...
...Lotus came into the Geely fold in 2017, as part of a deal to invest in Malaysian owner Proton. After taking a 51 per cent stake, Geely poured £3bn into the once-sleepy business....
...But in some roadside locations the usual adverts for churches, auto dealers and drive-through burger joints have been joined by publicity for a more unusual topic: bank capital rules....
...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)....
...Additional contributions from Gary Jones and Benjamin Wilhelm...
...this week when his company Knight Insurance agreed to underwrite the former president’s more palatable, reduced $175mn bond....
...The company’s Geico auto-insurer, which had struggled to cope with payouts on claims for much of the past two years, showed improvement....
...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....
...Bumble has named Slack chief executive Lidiane Jones as CEO, succeeding the Blackstone-backed dating app’s founder Whitney Wolfe Herd who will become executive chair....
...“This stuff would not be on if the government had not put it on,” said Julian Jones of Jones Associates, a property management company which is working with the Brocklehurst residents....
...But the push into managing regulated insurance assets doesn’t come without risk. J....
...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....
...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 Tesla chief also said that the car company’s full self-driving efforts would soon allow owners to lease out their vehicles as part of a robotaxi fleet. 3....
...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....
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