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Climate Risk a Major Challenge for Insurance Industry, Treasury Says

The agency said state regulators need to build on their so-far “limited” efforts at getting the industry to address climate change-related risks. The agency said state regulators need to build on their so-far “limited” efforts at getting the industry to address climate change-related risks. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

Car-Insurance Firm Root Gets Takeover Bid

Embedded Insurance offered $19.34 a share, hasn’t managed to negotiate a deal. Embedded Insurance offered $19.34 a share, hasn’t managed to negotiate a deal. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to…

Allstate Stops Selling New Home-Insurance Policies in California, Citing Wildfire Risks

The company said it has become too expensive to offer home insurance in the state. The company said it has become too expensive to offer home insurance in the state. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us…

State Farm Halts Home-Insurance Sales in California

The move by one of California’s biggest insurers is a blow to the state’s efforts for years to maintain a vibrant market for homeowners in the wildfire-prone state. The move by one of California’s biggest insurers is a blow to the state’s efforts for years to maintain a vibrant market for homeowners in the wildfire-prone state. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the…

Technology Was Supposed to Transform Insurance Pricing. It Hasn’t.

ShareListen(2 min) ShareListen(2 min) FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

How a New Anti-Woke Bank Stumbled

An A-list group of financial backers including Ken Griffin and Peter Thiel gave Toby Neugebauer tens of millions of dollars to build a new kind of bank—one aimed at people who see Wall Street as too liberal.The potential customer base was huge, Mr. Neugebauer and his business partner, former Mike Pence chief of staff Nick Ayers, told the investors. Plumbers, electricians and police officers, the…

ADT Draws More Than $1.5 Billion of New Investments From State Farm, Google

ADT Inc. ADT 16.23% has secured investments totaling $1.5 billion from State Farm and a partnership aimed at expanding the security company’s customer base and improving risk-mitigation for insured homeowners, the companies said. Under the deal, which was reported earlier by The Wall Street Journal, State Farm will spend $1.2 billion to buy 133.3 million ADT shares, or about 15% of the company. That represents a share price of $9,…