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...part of the military alliance....
...Globally, insurance companies manage assets of about $44tn, according to the International Association of Insurance Supervisors....
...The Big Read Earlier this week, Knight Insurance Group, one of a handful of companies owned by Los Angeles-based subprime auto loan billionaire Don Hankey, put up the $175mn bond for Donald Trump....
...At PacWest, brokered deposits made up 22 per cent of all deposits at the end of September, up from 11 per cent a year earlier. At Western Alliance, the figure is about 12 per cent of total deposits....
...This has been another form of intrawar deterrence, bolstered by shipping and insurance interests....
...In the US, insurers have aggressively raised prices of premiums. In perilous locations such as California and Florida they have even stopped writing new policies....
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
...Proponents of AV technology claim it will put a stop to collisions caused by human driver error, helping to reduce road fatalities, traffic jams and insurance rates....
...The state of California itself supported the creation of a specialised insurance fund to socialise risk. Claims against Hawaiian Electric may be trickier to resolve. The population is smaller....
...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...
...this brilliant prize, which is membership of the US-led western military alliance....
...Western Alliance reported about $49.4bn in total deposits as of Tuesday, up from $48.8bn a week earlier when it last provided an update....
...as PacWest and Western Alliance — similarly came under pressure but ultimately survived....
...FT foreign editor Alec Russell characterises the changes as a move to a new “à la carte” world. “The age of the western set menu is over....
...Scores of major companies have flocked to Expo City on the outskirts of Dubai for the world’s biggest UN climate summit, to rub shoulders with some of the near-200 governments and tout their business....
...Western Alliance fell 15.1 per cent....
...Shares of Western Alliance, which has also become a focus of investor angst following the seizure of three banks by US regulators since March, fell 38.5 per cent on Thursday....
...“Everyone is still living in a peacetime dream world, but those days are gone,” one western defence adviser said....
...sustainability at the world’s biggest insurance broker Marsh McLennan and a member of the UK Committee on Climate Change....
...Insurance Alliance, which used this risk as justification to endorse insurers even if they continued to do business with companies developing new coal mines....
...Mainz-based company, which pioneered the use of messenger RNA in vaccines....
...western companies grapple with efforts to “de-risk” their operations....
...The insurance industry has picked up on World Weather Attribution’s work to inform its own modelling. Some risks will almost certainly become seen as too great....
...For instance, Western Alliance chief executive Kenneth Vecchione last month noted that the Phoenix-based lender had been able to “rapidly reduce reliance on higher-cost FHLB borrowings”, which fell to $5bn...
...First Republic, PacWest, Western Alliance, Zions Bancorp and UMB Financial were among them. A drop the day before channelled fears of instability....
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