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...Donald Trump is planning to gut US President Joe Biden’s landmark climate law, increase investment in fossil fuels and roll back regulations aimed at accelerating the transition to electric vehicles if he...
...At some point, American politicians will have to grasp this nettle....
...(Simon Mundy) Smart read Climate change is now reshaping the insurance industry, with severe consequences for some homeowners in vulnerable regions, this FT Big Read explains....
...Lloyd’s said the agreement with Chinese insurance company Ping An, which has owned the building for a decade, will allow it to continue its renovation of workspaces and make further refurbishments, including...
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
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...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...Many customers are buying weight-loss drugs outside insurance schemes as obesity is not a widely covered condition in the US....
...The subsidies included in President Joe Biden’s landmark Inflation Reduction Act have been criticised as protectionist by US allies....
...The new obligations under the Digital Markets Act for the largest, mostly American, tech companies, strike at the heart of the way the likes of Apple and Meta generate billions of dollars in revenues in...
...More Americans trust Trump to handle the economy, according to the most recent FT-Michigan Ross survey....
...Visa and Mastercard have agreed to cut their US transaction fees in a landmark settlement that merchants say will save them $30bn over five years....
...The insurance sector is expecting a hefty bill....
...Globally, insurance companies manage assets of about $44tn, according to the International Association of Insurance Supervisors....
...And despite the threat of tougher enforcement, the policies have never been cheaper, thanks to an increasing number of insurance companies entering the market....
...The pledge comes three years after the insurance market apologised for its role in the trade, which included extending crucial insurance to voyages and even insuring slaves as cargo....
...Big private equity-cum-asset managers buy insurance companies (see also: Apollo/Athene, Brookfield/American Equity) not to cross-sell, but to gain a source of stable capital....
...But the motivation behind the Super League — money, power and an inability to copy the “closed league” system favoured by American sports — haven’t changed for the rebel teams or their billionaire backers...
...Barclays is relying on American consumers to help it achieve that aim and is targeting an $8bn increase in US credit card lending in the next three years....
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