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...The move has already caused ructions among direct insurers, contributing to the decisions of insurers such as State Farm to stop underwriting new home cover in California....
...The paper, sent to the commission this weekend, asks to prolong separate emergency legislation introduced during the crisis that allowed member states to accelerate permitting of wind farms and solar power...
...In wildfire-prone California, large insurers, including State Farm, have paused new applications....
...NBFIs – like mutual funds, pensions and insurance firms – can die without summoning the end of days. Or so one view goes....
...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....
...Active mutual funds experienced outflows of more than $50bn in the first three months of the year, according to Morningstar Direct, hurting large asset managers such as Capital Group, T Rowe Price and Franklin...
...Several big US insurers, including State Farm and The Hartford, have paused their underwriting of new home policies in the state of California....
...California last month struck a deal with insurance companies to continue writing policies for property in disaster-prone areas, after big US names such as State Farm and Allstate stopped issuing any new...
...Nearly all of her games with Iowa have sold out this season, and she has built a sponsorship portfolio worth $3.1mn, including blue-chip brands Nike, Gatorade, Buick and State Farm insurance, according to...
...Although Switzerland is not an EU member state, its former trade arrangements with the UK were based on EU rules....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Meanwhile, Swedish insurance companies have the highest holdings of stocks in the EU....
...Big insurers such as State Farm and Allstate said recently they had suspended offering home insurance to new customers in California....
...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...
...That was the same year that it met its target of having a Chase branch in all of the 48 continental US states....
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
...But if business finds COPs hard going, the feeling can be mutual....
...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....
...In recent months, both State Farm and Allstate have announced plans to stop writing new policies in fire-prone California....
...US underwriter State Farm cited a “challenging reinsurance market” as well as “rapidly growing catastrophe exposure” when it announced in May it would cease writing homeowners insurance for new customers...
...Fiscal policy: Is the state pension really ‘a Ponzi scheme’? Labour markets: UK wages: which sectors are driving up pay?...
...only a EU company can do EU VAT....
...“What has changed for the worse, is that for the first half of my career there was a deep, liquid savings pool focused on investing in equities — pension funds and insurance companies.”...
...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....
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