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...Auto-insurance businesses are still losing money. And a run of unusually destructive bad weather has brought additional losses for their property-insurance businesses....
...Besides credit card debts, Blackstone has picked up home improvement loans, auto loans and loans financing rooftop solar power....
...Digging further — shelter is itself driven by “Owners’ Equivalent Rent of Residences”. This is the BLS’ estimate of what owner-occupiers would pay if they rented their homes....
...South Africa is home to more than 600 US companies across a range of sectors, employing approximately 134,600 people....
...There were 1.29mn owner occupiers over the age of 65 living in homes of four bedrooms or more in 2021, according to Savills’ analysis of the census. That is 23 per cent of all 65-plus homeowners....
...Tesla owners must be choking on their kale smoothies. Auto insurers have rapidly boosted prices for electric vehicle cover in the past year, much more than for fossil fuel cars....
...The BBC has agreed to sell the Elstree studio complex that is home to soap opera EastEnders to French insurance company Axa, providing a financial boost of up to £70mn for the cash-strapped broadcaster....
...“They couldn’t confirm what it would cost at that time,” Skelding said, adding that because they were first-time dog owners, she and her partner had expected insurance cover of £1,000 would be sufficient...
...this week when his company Knight Insurance agreed to underwrite the former president’s more palatable, reduced $175mn bond....
...“All EU regulators are really down on PE fund owners right now,” one insurance executive told the FT....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...In the UK, home loans are funded in part from deposits and lenders carry the risk of default. Insurance to protect against defaults, widespread in the 1990s, is now rarely used....
...Shares of companies with large auto-insurance businesses — ones that trade without the protection of Warren Buffett’s imprimatur, at least — have started to reflect those issues....
...Not the bit about GA being a home-run investment, which is true to date; the bit about selling PE funds to insurance clients....
...Unlike US home loans, commercial mortgages are almost entirely interest- only....
...The company plans to expand its ship fleet to eight in the next two years....
...It should be Ford and the UAW versus Toyota and Honda, Tesla and all the Chinese companies that want to enter our home market.”...
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...inflation versus food-away-from-home getting back to its historical dynamic, which means some of those consumers are just choosing to eat at home more often . . ....
...In China, by far the biggest auto market, BYD’s low-cost pure battery and plug-in hybrids account for about one-third of all new electric vehicles sold....
...The lower-price segment of the auto market has largely been abandoned by the “Detroit Three” of General Motors, Ford and Chrysler-owner Stellantis, who have concentrated instead on pick-ups and sports utility...
...Higher duties have also contributed to a fall in luxury home sales in the second half of last year, according to real estate industry experts....
...The top companies by revenue included some of the US’s most recognisable names — including Amazon, Google’s owner Alphabet, Pfizer, and Tesla but also several lesser known businesses, such as IT company...
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