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...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...Helen Thomas will be back next week. Have a great week, Nathalie ThomasLex writer nathalie.thomas@ft.com...
...The BBC has agreed to sell the Elstree studio complex that is home to soap opera EastEnders to French insurance company Axa, providing a financial boost of up to £70mn for the cash-strapped broadcaster....
...I’m up to date on Formula 1: Drive to Survive (more about paddock personalities and the influence of wealthy owners than motor racing)....
...I worked for some years for a mutual insurance company that is now probably the best capitalised insurer in the UK....
...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....
...Thomas Robertson, who serves on the board, intends to retire....
...Many of the bigger companies going bust last year were fashion retailers, transport providers, real estate companies and auto suppliers....
...Companies such as building materials group CRH are delisting from London....
...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....
...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...
...the world’s biggest social media company by sales — comes under pressure from the US Congress....
...But hospitals, insurance companies and others are creating roles to navigate and harness the disruptive technology, The New York Times writes....
...Catastrophe insurance is a leading indicator....
...Private equity conflict Private equity firms are increasingly providing debt financing to companies they own, making them both owner and lender to businesses in their portfolios....
...On Wednesday, insurance brokerage Aon struck a deal to acquire NFP, a private equity-backed midsized property and casualty broker, for $13.4bn....
...insurance....
...) Klarna studies ‘eventual IPO’ after first profit in 4 years (FT) Revolut in talks over new Canary Wharf headquarters (FT) VistaJet owner Thomas Flohr loses bid to strike out historic legal claim (FT...
...Companies want state support....
...Orlando Bravo sees the path to a $20bn tech buyout Orlando Bravo, co-founder of Thoma Bravo, said the $131bn-in-assets group was eyeing an “arbitrage” in publicly listed software companies across the UK...
...Trump, who was headed to Michigan on Wednesday in an attempt to win the support of striking auto workers, took to social media to call the ruling a “political scam”....
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