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Lemonade Inc
Lemonade chief rounds on ‘naysayers’ who predicted insurance start-up’s demise
...The company expected net cash flow to turn “consistently positive” in the first half of next year....
March 3, 2024
War in Ukraine
Russian ‘dark fleet’ lacks disaster insurance, leaks suggest
...The Russian dark fleet’s insurance arrangements with Ingosstrakh potentially expose coastal states in Europe and Asia to huge potential clean-up costs in the event of a spill....
March 15, 2024
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
Climate change
Lloyd’s of London warns insurers climate-related pain is still to come
...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....
October 22, 2023
IPOs
Safety testing group UL Solutions plans one of largest IPOs of the year
...The UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
October 26, 2023
Inside BusinessSujeet Indap
Delaware, Inc agonises about Musk backlash as its lawyers seek changes
...It has not been an ordinary year in the First State. About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
April 23, 2024
The FT ViewThe editorial board
The painful rise in home insurance costs
...In wildfire-prone California, large insurers, including State Farm, have paused new applications....
April 1, 2024
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
Climate change
EU regulator urges action on climate threat to insurance
...Hielkema said any pan-EU scheme would need to be carefully calibrated to make sure individual states are pulling their weight on adaptation measures, among other considerations....
April 22, 2024
Gillian Tett
Companies must rethink how they handle cyber risk
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
April 18, 2024
Insurance
Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
March 28, 2024
News in-depthDementia
Alzheimer’s drug Leqembi falls short of blockbuster status in faltering US rollout
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
April 22, 2024
The Big Read
The uninsurable world: what climate change is costing homeowners
...Several big US insurers, including State Farm and The Hartford, have paused their underwriting of new home policies in the state of California....
February 13, 2024
Insurance
Auto-insurance costs rear their ugly head yet again
...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....
February 13, 2024
Special ReportFuture of Water
US housing market belatedly wakes up to flood risk
...But development in the US’s most densely populated state is heavily concentrated near shores and rivers, putting homes and businesses at risk. That risk is not being factored in to insurance premiums....
March 22, 2024
ExplainerMaritime accidents and safety
The Baltimore bridge disaster: what happened and who will pay?
...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....
March 27, 2024
John Gapper
The black box that could ease your car insurance problems
...This has already occurred in home insurance relating to climate, with US states including Florida providing cover for homeowners who are unable to get it; the UK’s Flood Re is a joint government and industry...
January 19, 2024
FT Live
Climate Capital Live
The leading global platform for climate science, finance and business
Wednesday, 19 March 2025London, UK & Online
The Big Read
The dubious climate gains of turning soil into a carbon sink
...Few food and agriculture companies state how much their net zero goals depend on using land as a carbon sink....
January 23, 2024
Renewable energy
Supply chain strains pose threat to UK renewables targets, report warns
...Suppliers have been reluctant to develop new factory capacity because of uncertainty around turbine sizes and the level of state support for wind farm developers....
April 16, 2024
Labour Party UK
Labour vows to boost UK investment in floating offshore wind
...However, Labour refused to say how much GB Energy would commit to the floating wind farms, saying only that Flow would be the new state-owned company’s “first priority”....
March 25, 2024
The Big Read
The problem with Europe’s ageing wind farms
...It was 2003 when the 98 state-of-the art machines were erected. Now their age is showing....
February 22, 2024
Ian Smith
Is state intervention needed for cyber insurance?
...Axa’s deputy chief executive, Frédéric de Courtois, said a public-private partnership on cyber is a “must-have”, given it is generally only the biggest companies, which have also invested in prevention,...
November 1, 2023
Europe Express
Why the EU is once again scrambling to find urgent arms for Ukraine Premium content
...Small farms under 10 hectares would be completely exempted from the requirements. Governments could make more allowances if there was extreme weather....
April 22, 2024
ObituaryGerald Levin
Gerald Levin, AOL-Time Warner executive, 1939-2024
...turn dry land into farms....
March 15, 2024
ExplainerTikTok Inc
What’s next for TikTok after Biden approves ban
...The state of Montana passed a bill last year to ban TikTok, also by forcing its removal from app stores accessed from inside the state....
April 24, 2024
Ukraine
Foreign investor in Ukraine accuses officials of corruption
...The company, which offers themed small-stakes games online, paid €60mn in taxes last year, official tax filings show. The state tax service signed off on its accounts in August, Damerau said....
April 18, 2024
Mergers & Acquisitions
Cigna and Humana in deal talks to create US health insurance giant
...Both companies have previously had deals blocked....
November 29, 2023

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