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...One reason auto insurance can make such a big impact on inflation is, to put it simply, there are way more car owners in the US than there are homeowners in disaster-stricken California, Louisiana and Florida...
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...A version of this article was first published by Nikkei Asia on August 4. ©2023 Nikkei Inc. All rights reserved....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...They say that the fees they can charge in most cases are capped at about €7,000 and are often paid by their clients’ insurance. “It’s cost intensive,” said Cäsar-Preller owner Joachim Cäsar-Preller....
...Assured Guaranty, a New York-listed insurance company, has amassed more than $10bn of exposure to UK water utilities and recently struck more deals in the space....
...The list included a lifetime subscription to the EV maker’s self-driving services and a three-year extension of car insurance. Li said the company promised to give them a response by Tuesday....
...Her fictitious financier buys an eclectic range of assets, from commercial debt to life insurance policies whose original owners no longer want them — a trade that one character calls “creepy”....
...Berkshire made modest additions in the quarter, buying 1.2mn shares of Louisiana-Pacific, a maker of construction supplies, and 2.4mn shares of MTV owner Paramount Global....
...Under the microscope Apollo’s bold bet on insurance has made it the envy of the private equity world. But it has also invited more scrutiny, Bloomberg reports....
...The company says: “For over 35 years, the Sompo Museum of Fine Art in Tokyo has proudly displayed ‘Sunflowers’....
...The deposits will sit with Goldman, which as a licensed bank has access to US government-backed insurance....
...It will become a minority owner of VillageMD. Walgreens will remain the majority shareholder with a 53 per cent stake....
...But multiple public hospitals in Beijing and Shanghai, where Paxlovid is covered by state-backed health insurance, said the pill would be reserved for patients with critical underlying conditions....
...Buffett, who has said he regretted passing on earlier investments in Google owner Alphabet and Amazon, has had his fair shares of misses....
...Another Chinese tech giant, ByteDance, owner of the TikTok video-sharing app, was reportedly among the applicants....
...Evernorth, a subsidiary of health insurance company Cigna, has invested an undisclosed amount and will be a minority owner in VillageMD....
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
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