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....
...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,...
...Nicholas Malins-Smith Cambridge, UK...
...Additional contributions from Grace Ramos, Gordon Smith and George Russell...
...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....
...Despite the discomfort of King George V — whose cousin the Tsar had been executed by the Bolsheviks — Labour formally recognised the Soviet Union....
...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....
...Elizabeth Warren, the progressive Democrat from Massachusetts who had long opposed the rule changes, went so far as to say that the recent bank failures “were entirely avoidable if Congress and the Fed had...
...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...
...Howard Davies: A fundamental reform of property taxation, lowering stamp duty and making the council tax more progressive....
...As always you can reach me at sid.v@ft.com....
...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....
...For this week, insurance correspondent Ian Smith takes a look at the chat bots that are increasingly handling your claims....
...As ever, drop me a note at sid.v@ft.com if you’ve got thoughts and ideas for upcoming Future of Money newsletters....
...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...
...Many Democrats, particularly progressives, are pushing for Senate leaders to scrap the supermajority threshold in order to make it happen....
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