Hints and tips:
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...Terminal V did not respond to a request for comment....
...Additional contributions from Grace Ramos, Gordon Smith and George Russell...
...Nicholas Malins-Smith Cambridge, UK...
...Activist investor Nelson Peltz told the Financial Times that the deposit insurance limit should be increased. Here’s the latest on the US banking turmoil. 2....
...The agency estimates the deal will cost the insurance fund $13bn. Why was JPMorgan allowed to buy First Republic?...
...Biden is also calling for the deposit insurance fund, which the Federal Deposit Insurance Corporation relies on to pay back depositors in failed banks, to avoid hitting community banks as it replenishes...
...The share price of two of the largest US car insurance companies — Take Allstate and Progressive — have fallen in the past month, reflecting the rising costs of underwriting auto insurance policies....
...Lawmakers including Elizabeth Warren, the progressive Democratic senator from Massachusetts, repeatedly asked Becker and Shay if they would return their pay to the Federal Deposit Insurance Corporation,...
...Dozens of Democratic lawmakers on Tuesday rallied behind a bill led in part by progressive senator Elizabeth Warren, which called to repeal the 2018 rollback....
...Progressive Democrats this week heeded a call from President Joe Biden to “strengthen the rules for banks”....
...Another report from the Federal Deposit Insurance Corporation on Friday examined the causes of the collapse of Signature Bank, which failed in early March just days after SVB....
...Kate Duguid, US capital markets correspondent A profile of the actress who plays Flo in the Progressive ads by Caity Weaver in New York Times gets at the nature of advertising, the insurance industry and...
...Highly unusually for a bank, SVB received warrants in many of the companies it financed, in effect a bet that any losses on its loan books could be covered if just a few of the companies went on to become...
...Howard Davies: A fundamental reform of property taxation, lowering stamp duty and making the council tax more progressive....
...Me: “I’m not sure I have insurance for this.” Blackwood begins to scale the cliff to my rescue. “At this point I can catch you,” he says, to reassure me....
...As always you can reach me at sid.v@ft.com....
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...For this week, insurance correspondent Ian Smith takes a look at the chat bots that are increasingly handling your claims....
...Quarles faced criticism from the progressive wing of the Democratic party for easing some of the rules and regulations restricting banks in the aftermath of the global financial crisis....
...For our main piece, our insurance correspondent Ian Smith analyses how the deeply personal insurance broking business is trying to adjust to a digital world, and further down we have a Q&A with a digital...
...Nor is he the bleeding-heart executive making progressive policy through his company’s benefits package....
...No premiums for insurtech Once high-flying insurance start-ups like Lemonade, Hippo and Root have emerged as the biggest casualties of the broader sell off in tech stocks, the FT’s Ian Smith writes....
...Perhaps insurance companies would also buy them as a hedge. Annuities from insurers are considered poor value for money now because rates are so low....
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