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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....
...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....
...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...
...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....
...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...
...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...
...Big insurers such as State Farm and Allstate said recently they had suspended offering home insurance to new customers in California....
...The battle for America’s automotive future is now under way in places like a cotton farm in the small South Carolina town of Florence, where, every day, yellow and red excavators are digging up enough dirt...
...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....
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
...Fiscal policy: Is the state pension really ‘a Ponzi scheme’? Labour markets: UK wages: which sectors are driving up pay?...
...Although the decisions by US insurers such as Allstate and State Farm to stop writing homeowners insurance in California may appear unduly harsh, they do serve to make the hazard risk explicit (“What happens...
...The CPUC’s decision has no bearing on other states. Nor has it provided a new framework for safety....
...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...
...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....
...It features Iowa Hawkeyes women’s college basketball icon Caitlin Clark alongside NBA Championships finalist Jimmy Butler, selling car insurance for State Farm....
...In recent months, both State Farm and Allstate have announced plans to stop writing new policies in fire-prone California....
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