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...Florida has the highest density of golf courses of any US state, with more than 1,250 courses, according to the National Golf Foundation....
...Supporters of mutuality are excited by the platform that the Nationwide/Virgin Money deal in particular will bring....
...JAB says it is better positioned than other private capital competitors to become an owner of an integrated insurance and asset management company....
...The chief executive of Aon, one of the world’s largest insurance brokers, has called for better modelling of climate risks, saying conditions in the property insurance market were “stressed” after a surge...
...Lloyd’s of London has attracted its biggest syndicate backed by individuals, or “Names”, since the early 1990s, as the insurance market looks to rebuild a base among private investors after its best performance...
...A couple of months ago, my insurance company decided to raise the price of the yearly insurance premiums on our Brooklyn home by 51 per cent over three years, after more than doubling the estimated cost...
...Under the terms of the transaction, Nationwide will pay 218p in cash for each share of Virgin Money and a final dividend of 2p, the companies said on Thursday....
...Several companies have also left Florida, which has frequent episodes of flooding and hurricanes; many households are now covered only by the state-backed insurer of last resort....
...The deal would also be a rare acquisition of a listed company by a mutual, which is owned by its more than 16mn members who have a current account, mortgage or savings with the company....
...Disney and the state of Florida have settled a lawsuit over the governance of the company’s Orlando theme parks spawned by last year’s takeover of the district’s board by Ron DeSantis, the state’s governor...
...Four years since Covid-19 lockdown curbs forced Burger & Lobster to close its restaurants, the purveyor of gourmet patties and crustacean rolls is still battling with its insurance company to recover some...
...While recognising the hurdles, people familiar with Nationwide’s approach say that its mutual status affords it greater time to pull off the integration than if it were a listed company beholden to shareholders...
...The mutual will pay 220p per share for the challenger bank, in a combination that the companies say will create the second-largest provider of mortgages and savings in the UK....
...Disney has settled a lawsuit over the governance of the company’s Orlando theme parks stemming from last year’s takeover of the district’s board by Ron DeSantis, the governor of the US state of Florida....
...With no intention to convert to a public listed company, there is no requirement to consult Nationwide’s 3.7mn committed members....
...In early 2023, Ajit Jain was weighing Berkshire Hathaway’s exposure to the risk of a devastating hurricane hitting Florida....
...I would hope that the US Department of Justice, Federal Trade Commission or Consumer Financial Protection Bureau might consider looking into how major insurance companies communicate on pricing and coverage...
...A number of listed UK companies seem priced for a quick sale. On Thursday, Britain’s largest private building society Nationwide announced it had provisionally agreed a takeover of Virgin Money....
...House prices fell year on year for most of 2023 reflecting rising borrowing costs. The average house price was £262,000 in April, Nationwide said, down from a peak of £274,000 in August 2022....
...The ship’s liability insurance is provided in the first instance by Britannia P&I, part of a global group of liability insurers that share their losses between themselves and $3bn worth of reinsurance....
...The steep rise in the cost of home insurance in the US and elsewhere can be traced, in part, to a move two years ago by P&C reinsurers to increase the price of cover against natural catastrophes and toughen...
...Reinsurers “need to feel that it is not just about selling insurance and making a profit. It’s about responsibility as part of society”, Hielkema said....
...Disney filed the lawsuit last year against DeSantis and other Florida officials for “weaponising the power of government to punish private business” after the company stated its opposition to the law, which...
...,” which is Florida’s state-run insurance company....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
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