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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...
...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....
...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....
...Mercedes-Benz said Baltimore was among several ports used by the company in the US....
...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...
...Although Switzerland is not an EU member state, its former trade arrangements with the UK were based on EU rules....
...Big insurers such as State Farm and Allstate said recently they had suspended offering home insurance to new customers in California....
...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....
...A McKinsey global survey of autonomous vehicle executives, published this month, revealed an industry in a state of flux....
...One company was looking to commission a ship with “fully contained” storage for cars, Gunn added. Shipowners could face growing pressure from clients to make these kinds of upgrades....
...Shares of companies with large auto-insurance businesses — ones that trade without the protection of Warren Buffett’s imprimatur, at least — have started to reflect those issues....
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
...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...
...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...
...In recent months, both State Farm and Allstate have announced plans to stop writing new policies in fire-prone California....
...That was the same year that it met its target of having a Chase branch in all of the 48 continental US states....
...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...
...But if business finds COPs hard going, the feeling can be mutual....
...The CPUC’s decision has no bearing on other states. Nor has it provided a new framework for safety....
...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....
...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....
...Fiscal policy: Is the state pension really ‘a Ponzi scheme’? Labour markets: UK wages: which sectors are driving up pay?...
...high, and that it amounts to a federal subsidy for banking companies....
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