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...“Four CarStore sites will be retained and re-franchised, expanding our retail operations with three existing carmakers, while seven remaining CarStore pods will become Evans Halshaw Direct sites.”...
...But their moves have fallen short of offering direct compensation to victims’ descendants. The insurance industry is seen as having enabled slavery given its importance to global shipping....
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...Its existing UK operation is the sixth largest in car and home insurance, according to the company....
...Insurance is not supposed to be exciting. But Direct Line needs to offer some zing to its shareholders if it is to shake off the attentions of Belgium’s Ageas....
...“They’ve really been pushing $40 [an hour] and free health insurance.”...
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
...A surge in insurance prices has repaired damage to its underwriting margins....
...Ageas said the deal would strengthen its position in the European market and help it rebalance towards non-life insurance business. Direct Line shares jumped 20 per cent to 197.5p on the news....
...Robinson and other experts have likened the probe to the payment protection insurance scandal, which dates back to the 1990s when banks mis-sold insurance to millions of customers, leading banks to later...
...Auto-insurance businesses are still losing money. And a run of unusually destructive bad weather has brought additional losses for their property-insurance businesses....
...The attorney-general’s lawyers further claimed Knight Insurance sent “100 per cent of its retained insurance risk to affiliates in the Cayman Islands”, where “lax regulations” allowed the company to bolster...
...Agoa has been one of the most progressive development support policies initiated by the US in trade and industry....
...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....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Citi was also a leader on a $310mn loan to Sunbit, a buy-now, pay-later company that specialises in auto repair shops and dentist offices....
...Indeed, UniCredit will probably buy back and consolidate its insurance businesses, at present held within joint ventures with insurance companies....
...this week when his company Knight Insurance agreed to underwrite the former president’s more palatable, reduced $175mn bond....
...As one senior executive at a global auto company told me, if the Chinese sell an EV that is just as good as a western car, but cheaper, that is one thing....
...Risky business: EU’s insurance regulator has called for urgent action over mounting economic damage from natural disasters such as floods and wildfires....
...Besides credit card debts, Blackstone has picked up home improvement loans, auto loans and loans financing rooftop solar power....
...They often maintain a crucial underlying relationship with companies and borrowers....
...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....
...Shares in Direct Line jumped 14 per cent after the UK motor insurer agreed to sell its brokered commercial insurance unit for £520mn in a bid to shore up its balance sheet after a string of profit warnings...
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