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...Mutuals are run for their members. It’s high time the sector got the respect it deserves. Cara Spinks Head of Insurance Consulting, OAC, London EC2, UK...
...Looking forward, we will pursue rate increases in 10 states to improve margins and in other states to keep pace with increases in loss costs. Used-car costs have, in contrast, declined....
...Insurer Aviva and Rock Rail, a UK-based owner and asset manager of rolling stock, have teamed up with the UK’s state-owned infrastructure investment bank to come up with a new way of funding the costly decarbonisation...
...The insurance claim stemming from the accident could reach $1bn-$3bn, Barclays analysts estimated on Wednesday....
...Wes Moore, the governor of the state of Maryland, has declared a state of emergency after the elevated roadway’s disintegration into the Patapsco river....
...An EU diplomat said: “This is yet another sign that EU-UK relations have matured to a point where long-term mutual benefits prevail over short-sighted political pandering.”...
...Although Switzerland is not an EU member state, its former trade arrangements with the UK were based on EU rules....
...Prices for insuring EVs as cargo, whether on sea or land, are one-and-a-half-times as expensive as for combustion engines, according to one insurance market participant....
...A McKinsey global survey of autonomous vehicle executives, published this month, revealed an industry in a state of flux....
...A 30 per cent rise in call-outs directly due to potholes was “a reflection on the state of the roads”, said Jakob Pfaudler, chief executive of the private equity-owned roadside rescue group....
...California regulators have barred Cruise’s autonomous vehicles from the state’s roads and accused the company of misrepresenting details about an accident, dealing a sharp setback for the General Motors-owned...
...Only half of 4,000 people surveyed by Royal London knew that they needed 35 years of national insurance contributions to get the full amount of the new state pension....
...Allstate touted a 22-per-cent drop in new-issued applications in its 1Q presentation, with especially steep declines in three states where it has faced challenges to raising rates....
...The wall of buying has Beijing’s fingerprints all over it as Central Huijin, an investment arm of China’s sovereign wealth fund, joined a raft of state-owned insurance companies and asset managers in buying...
...The CPUC’s decision has no bearing on other states. Nor has it provided a new framework for safety....
...But if business finds COPs hard going, the feeling can be mutual....
...No part of Toyota’s new tech push has received as much attention as the batteries, including solid-state, that its engineers are developing in-house....
...The unit had been developing a car project known internally as Da Vinci, which involved taking a stake in heavily indebted state-backed automaker Guoji Zhijun and making cars at its plant in the south-eastern...
...That was the same year that it met its target of having a Chase branch in all of the 48 continental US states....
...At Old Mutual, he became chief executive, spearheading a management buyout with the backing of private equity firm TA Associates....
...When I started in the late ‘60s, mutual funds were coming into their own. Consumers had a lot of money [to invest]. Mutual funds started to take off like rockets....
...Just last year he told Moral Money that corporations’ risk of pursuit by competition authorities due to climate action had been “exaggerated” — even as he worked as a special legal adviser to the Net-Zero Insurance...
...Much of this year’s cascade into money market funds in the US has been driven by retail investors rather than corporate treasurers, mutual funds and insurance companies....
...The fewer batteries are left in a state to be reused, the greater the environmental toll of the EV supply chain as a whole....
...State and federal law should be changed to explicitly require bank boards to consider the interests of the FDIC insurance fund and the larger economy in the exercise of their fiduciary duty as corporate...
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