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...Second, auto-insurance prices — our favourite CPI component from the past year! — has also been more muted in the PCE, the Fed’s preferred inflation gauge....
...John Murray Guildford, Surrey, UK Letter in response to this letter: Capital gives owners of banks skin in the game / From Thomas Timberg, Bethesda, MD, US...
...Insurance also operates on rolling contracts. Right now, auto insurers are perhaps pushing up premiums to make up for higher post-pandemic costs. Both should settle, but it will require patience....
...“I’d suddenly panic and ask Will [Fisher, her partner and co-owner of Jamb] ‘How are we going to find 12 beds?’” she recalls....
...Tesla owners must be choking on their kale smoothies. Auto insurers have rapidly boosted prices for electric vehicle cover in the past year, much more than for fossil fuel cars....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...this week when his company Knight Insurance agreed to underwrite the former president’s more palatable, reduced $175mn bond....
...The new owners also include Zimmer’s business partner Steven Kofsky....
...The Federation of Small Businesses said New Financial’s proposals “might make sense to a City fund manager” but “they’re too hard on regular employees and business owners”....
...UK auto-enrolment contributions are at 8 per cent of salary, mostly from the employee, compared to an Australian system moving to 12 per cent....
...Many of the bigger companies going bust last year were fashion retailers, transport providers, real estate companies and auto suppliers....
...Thomas Robertson, who serves on the board, intends to retire....
...Need to know: business General Motors agreed a deal with the UAW union to end the carworkers’ strike, following similar deals struck by Ford and Chrysler owner Stellantis....
...One reason auto insurance can make such a big impact on inflation is, to put it simply, there are way more car owners in the US than there are homeowners in disaster-stricken California, Louisiana and Florida...
...Catastrophe insurance is a leading indicator....
...insurance....
...Today’s top stories The Financial Times revealed that TikTok’s US revenues hit $16bn last year, highlighting the scale of the video app’s American ambitions as its Chinese owner ByteDance — set to become...
...The UK government hopes to persuade Britain’s second-largest car assembler, Jaguar Land Rover-owner Tata, to press ahead with a battery factory in Somerset....
...Their deaths, including Walter Scott, Thomas Murphy and David “Sandy” Gottesman, have forced Berkshire to bring in a number of new overseers....
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