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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....
...Several big US insurers, including State Farm and The Hartford, have paused their underwriting of new home policies in the state of California....
...A McKinsey global survey of autonomous vehicle executives, published this month, revealed an industry in a state of flux....
...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...
...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....
...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 fact that you have these massive labour stoppages in the traditional union states definitely will benefit southern states as companies are looking to grow,” says Pat Wilson, economic development commissioner...
...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....
...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 CPUC’s decision has no bearing on other states. Nor has it provided a new framework for safety....
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
...charging, robotaxis and international market expansion, the companies said....
...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...
...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....
...Now, the company is eyeing Europe and China as healthier markets for its hydrogen cars....
...Jaber, who juggles at least eight different jobs, including chief executive of the United Arab Emirates’ Abu Dhabi National Oil Company and chair of the state-owned renewable energy company Masdar, met Azerbaijani...
...Battery makers, recyclers, manufacturers, dealers, leasing companies, insurance companies, scrapyard owners and individual vehicle owners may all find themselves jostling for position in this new market....
...Rivals bristled last month when TenneT, the Dutch-state-owned company which owns and runs electricity cables in the Netherlands and Germany, signed agreements worth €5.5bn for 7,000km of electricity cables...
...That’s a big reason that State Farm, one of the country’s largest insurance companies, announced late last month that it would stop selling coverage to California homeowners — not just those in wildfire...
...Gaps in coverage are already emerging: US companies State Farm and Allstate have stopped accepting new home insurance policies in California thanks to the state’s wildfire risk....
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