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...He was most recently chief executive of American Equity Investment Life, which was just acquired by Brookfield for $4bn....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Discover’s is the smallest after Visa, Mastercard and American Express....
...Geico, meanwhile, has ceded market share in recent years, with analysts saying it has been slower than some rivals such as Ohio-based Progressive to adopt technology that is changing how motor insurance...
...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...
...Likewise, as progressive economist Joseph Stiglitz points out in his new book (see my recommended reading below), freedom is something that progressives need to talk more about as well....
...The $1.6tn fund’s chief executive told the FT it was “worrisome” that American companies were outpacing their European rivals on innovation and technology, leading to vast outperformance of US shares in...
...Bhalla is set to depart as chief executive of American Equity Investment Life when its $4bn sale to Brookfield Reinsurance closes in the coming days. The deal clinched him a $55mn bonus....
...Read up on those transactions in the piece, as well as one relatively opaque deal that hasn’t gotten any media attention at all: an $82bn dividend Berkshire’s biggest insurance unit paid the parent company...
...The FTC is permitting the deal to go ahead, to the huge relief of the industry — and the horror of progressives....
...The rule comes as President Joe Biden toughens his stance on fossil fuel producers in a bid to mobilise progressive voters in the run-up to this year’s presidential election....
...Biden has been particularly outspoken, joining picket lines as well as standing side by side with USW workers in Pittsburgh, declaring that US Steel should stay “American-owned, American-operated by American...
...The latter two are considered “core services”, because rent costs can be sticky and Americans don’t necessarily pay increases in owners’ equivalent rent in real time....
...The US Federal Deposit Insurance Corporation is working on proposals aimed at ensuring asset managers do not seek too much influence over the banks in which they hold large stakes....
...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...
...The Biden administration has also been pushing to offer broader student debt relief — another policy that would appeal to younger Americans, even as the president faces a backlash from some progressive voters...
...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....
...Combs’ background is insurance; the 53-year-old got his start at Progressive....
...Last month, Wegovy received FDA approval to help reduce heart attack and stroke risk in patients with cardiovascular disease, enabling it to be covered by insurance for the more than 50mn Americans on Medicare...
...Auto-insurance businesses are still losing money. And a run of unusually destructive bad weather has brought additional losses for their property-insurance businesses....
...American workers do express more enthusiasm about their jobs than Europeans. Yet even in American companies, reported Gallup last year, “only about 30 per cent of employees are truly engaged....
...Other board members include Jeffrey Coors of the eponymous brewing company....
...Many customers are buying weight-loss drugs outside insurance schemes as obesity is not a widely covered condition in the US....
...Blackstone has appointed Philip Sherrill as global head of insurance. He previously worked for Global Atlantic Financial Group as chief strategy officer....
...In the US, it and fellow index fund providers BlackRock and State Street have come under scrutiny from the left and right for the influence they wield by holding large stakes in most American public companies...
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