Hints and tips:
...The UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
...Nearly all of her games with Iowa have sold out this season, and she has built a sponsorship portfolio worth $3.1mn, including blue-chip brands Nike, Gatorade, Buick and State Farm insurance, according to...
...The insurance sector is expecting a hefty bill....
...It is not just rising base rates that are to blame: credit card companies have increased the margin they add on to a record high, the Consumer Financial Protection Bureau found last month....
...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...
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
...If the CFPB’s funding is unconstitutional because it is not appropriated, well then so too is that of the Federal Reserve itself, as well as the Farm Credit Administration, the Federal Deposit Insurance...
...Lauren Fedor is the FT’s deputy Washington bureau chief. Thanks, Lauren. Lauren Fedor Thanks, Marc....
...That’s a big reason that State Farm, one of the country’s largest insurance companies, announced late last month that it would stop selling coverage to California homeowners — not just those in wildfire...
...But instead of going out to the hedge funds and mutual funds that usually constitute an order book in an IPO, the bank would focus on existing investors in the EQT fund....
...“Money market mutual funds don’t invest in small businesses and start-ups,” said Klein....
...These included a wind farm and a steel mill in India, a Singaporean energy company called Ultravolt, and an engineering group, Hangji Global....
...A credit default derivative is insurance you take out on a broad sector like mortgages, or it could be on an individual company like IBM or GE....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Leslie HookWe reported at the FT in collaboration with the Bureau of Investigative Journalism that one of the biggest insurance groups in the world, Marsh McLennan, had actually signed on to provide reinsurance...
...farms....
...The company, backed by private equity group TDR Capital, is seeking £845m from MS Amlin, Liberty Mutual Insurance Europe and Zurich....
...“They’ve done a good job reinventing the business without the benefit of credit and insurance.”...
...Companies This is a week for insurance earnings reports....
...If you fancied a weekend away, you could go glamping on the company farm. If this were Amazon or WeWork, it would be creepy....
...But the gimlet-eyed farm overseer could see we were rookies and insisted half our haul was substandard. He dismissed us with loose change and, I assume, pocketed the difference....
...Stuart Roberts, deputy president of the National Farmers Union, which is a separate organisation from NFU Mutual, said: “Rural crime has devastating impacts for farm businesses and those living in rural...
...Even so, like his counterparts in UK farms and factories, Patel is running into problems at the EU border....
...This week, a Louisiana court approved an injunction against the moratorium, although analysts said the federal government had other methods to continue the leasing pause....
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