Hints and tips:
Related Special Reports
...A string of big home insurers have halted new business in California, for example, in response to a surge in extreme weather losses....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Notably, economists at Goldman Sachs on Monday predicted an acceleration in transportation-services costs as part of a “January effect”: First, we expect a temporary boost to core CPI from start-of-year...
...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for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...In fact, since 85 per cent of US wine is grown in California, Napa Valley is emblematic of all American wine. I spent a week there earlier this month, at perhaps the most beautiful time of the year....
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...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...
...Local insurance brokers say they have seen a big jump in calls from homeowners in search of cover as companies pull out of certain neighbourhoods....
...The gains were fuelled by strong results from Berkshire’s insurance unit, including at Geico, as well as higher interest rates....
...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....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...But, in reality, US companies benefit hugely from favoured access to American capital markets, just as US investors benefit from superior connections to American corporates. Location matters....
...As far as the country as a whole is concerned, cutting national insurance did not move the dial in November and I doubt it is going to do so in March....
...of 20 American countries....
...into a drug trafficking hub as Latin American groups step up exports of cocaine to meet growing demand in Europe and the US....
...Now that Americans have amassed $10.6tn in defined contribution plans, asset managers and plan sponsors are trying to hang on to those assets for as long as possible by offering the income products inside...
...as a counterweight to riskier equities....
...The bond, which Trump had to post in order to pause the enforcement of the judgment while he appeals against it, was underwritten by the Knight Insurance Group in California, according to a filing to a Manhattan...
...I’m paying for that when I pay my insurance. Consequently, I think the American public is getting it, understanding it....
...The big banks are lending as much as they can, with the four largest US banks having $4tn of loans and leases outstanding, according to FDIC data....
...But JPMorgan stole a march on rivals with its purchase of First Republic after the collapse of the California-based lender, hearkening back to the period when the bank scooped up firms such as Bear Stearns...
...So, as a survey by the Barracuda consultancy notes, while “companies with cyber insurance were more likely to pay the ransom to get their data back”, some “77 per cent of organisations with cyber insurance...
...There are of course other important announcements due this week, not least a steady flow of results, probably best described as a smorgasbord, from retailers and drugmakers to technology companies and insurance...
...To step back a bit, readers may want to think of this as the opposite of the wireless-phone price wars that helped weigh down inflation in 2017....
...But the role of companies? It existed only insofar as media companies participated in communicating between the sides....
International Edition