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...High spending on customer acquisition has been a concern for investors in Lemonade and other insurance start-ups....
...These types of asset-backed debts have become hotly coveted in the private capital industry as large managers such as Brookfield, Apollo Global and KKR manage insurance-based investment assets, generating...
...Tokio Marine is being sued by investors seeking payouts on the credit insurance, but expects no material financial impact....
...The remaining third passed down the family, which — no longer attached to Kansas City — is selling its portion....
...Kansas-based Spirit manufactures jet parts and was a part of Boeing until its 2005 divestiture to private equity. Yet today, 70 per cent of revenue in its largest division comes from Boeing....
...Last Sunday, the city’s National Football League franchise, the Ravens, narrowly lost their bid for a berth in the Super Bowl, following defeat at the hands of defending champions, the Kansas City Chiefs...
...But notably, the closure’s cost to the FDIC’s deposit insurance fund — $54mn — eclipsed the size of its entire $48mn loan book....
...Cigna is in talks to merge with Humana in a deal that would create a US health insurance giant worth $140bn and provide a significant test for antitrust authorities, according to people briefed about the...
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter....
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...Spirit, based in Wichita, Kansas, also confirmed the talks while cautioning that it could give no assurances that the two groups would reach an agreement, or on what terms....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...The Big Read Millions of homeowners worldwide are on the front line of an insurance affordability crisis....
...The game between the San Francisco 49ers and defending champions Kansas City Chiefs is also expected to draw an audience boost from Taylor Swift....
...The country’s largest banks expensed $16bn to cover the government-imposed “special assessment”, which replenished a deposit insurance fund that was heavily depleted by the failures of Silicon Valley Bank...
Case studies in best practice among general counsel and company legal teams in North America
MassMutual arm files for temporary restraining order and preliminary injunction after 20 employees defect
...The surge in supply led to gluts in the region surrounding CVR’s two refineries in Coffeyville, Kansas and Wynnewood, Oklahoma, allowing the company to buy crude oil at knockdown local prices and sell refined...
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...The gains were fuelled by strong results from Berkshire’s insurance unit, including at Geico, as well as higher interest rates....
Trends in geopolitics force faster responses from legal teams
...Lyft’s insurance cost per trip is about $2.43, or 50 cents per mile....
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...“But Dai-ichi Life is clearly on the conservative side and people will look at it and say that’s Japan Inc. It’s great news for M&A in Japan.”...
...One thing to start: Cigna is in talks to merge with Humana in a deal that would create a US health insurance giant worth $140bn and provide a significant test for antitrust authorities, according to people...
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