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...The FCA first said it was investigating interest-linked deals offered by motor finance companies in January....
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...Steven Kelly is associate director of research at the Yale Program on Financial Stability and publishes research notes at his Substack, Without Warning....
...“We already do this successfully with our insurance products,” the supermarket chain said in a statement on Thursday....
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...As Sonali Basak pointed out on Bloomberg last week, if the assets are held within insurance-company subsidiaries, insurance regulators will have visibility, and there will be some required disclosures....
...California last month struck a deal with insurance companies to continue writing policies for property in disaster-prone areas, after big US names such as State Farm and Allstate stopped issuing any new...
...But crises happen in 8Ks — the normally innocuous ad hoc filings that also accompany company emergencies — not 10Ks....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...Shares of companies with large auto-insurance businesses — ones that trade without the protection of Warren Buffett’s imprimatur, at least — have started to reflect those issues....
...,” which is Florida’s state-run insurance company....
...The company said the head of its insurance operations, Gilles Dellaert, would lead the combined unit....
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
...Big share price moves in Europe today include UK retailer Marks and Spencer, Danish jewellery brand Pandora and British insurance company Legal & General: M&S: The British food and fashion retailer’s shares...
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...Those with the most exposure to home insurance have suffered more. Shares in Allstate, the country’s second-biggest home insurer by premium volume, have fallen by a fifth....
...companies.”...
...Big insurers such as State Farm and Allstate said recently they had suspended offering home insurance to new customers in California....
...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...
...This trend has intensified in recent years with large insurers following suit: for example, Allstate, Chubb and AIG sharply scaled down operations in California citing onerous price regulation....
...Big share price moves in Europe today include insurer Prudential, European discount retailer B&M and UK pub group JD Wetherspoon: Prudential: Shares in the UK-based insurance company slipped 1.7 per cent...
...Activist investor Cevian Capital said Aviva had been “transformed from a poorly performing conglomerate to a focused and well-performing insurance company” as it sold out of the company three years after...
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