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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....
...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...
...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...
...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...
...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....
...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 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....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...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....
...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...
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...,” which is Florida’s state-run insurance company....
...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....
...This has already occurred in home insurance relating to climate, with US states including Florida providing cover for homeowners who are unable to get it; the UK’s Flood Re is a joint government and industry...
...The figures from Nationwide — which put the average cost of a property at £261,142 — were worse than expected....
...Insurance companies have lifted prices drastically in the past couple of years after spiralling inflation in their claims costs — as items such as car parts and second-hand cars became much more expensive...
...Unlike Las Vegas, what happens in Florida does not stay in Florida. This week the state’s highest court issued a pair of rulings that ought to keep Donald Trump awake at night....
...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 2022 law...
...No concessions of liability have been made,” the company said....
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