[ad_1] Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Subscribe to unlock this article Try unlimited access Only $1 for 4 weeks Then $69 per month New customers only Cancel anytime during…
[ad_1] Concerns about insurance are stopping Australians from having life-saving genetic testing. Genetic screening can help prevent, diagnose and treat some conditions, however the life insurance industry is still allowed to ask for results when issuing some policies. The industry’s peak body introduced a moratorium in 2019 designed to stop discrimination but a new report…
[ad_1] Receive free UK insurance industry updates We’ll send you a myFT Daily Digest email rounding up the latest UK insurance industry news every morning. The UK is pressing ahead with plans to create a resolution regime to deal with the failure of big insurance companies, saying the “swift and decisive” action to rescue Silicon Valley…
[ad_1] Britain’s second-biggest car insurer, Direct Line, has been ordered to go back through five years of claims after admitting it had underpaid some customers who had their cars and vans written off. After an investigation into the car insurance market that began in December 2022, the Financial Conduct Authority (FCA), this week ordered Direct…
[ad_1] Receive free US insurance industry updates We’ll send you a myFT Daily Digest email rounding up the latest US insurance industry news every morning. Mayhem persists among the US’s property and casualty insurers. Auto-insurance businesses are still losing money. And a run of unusually destructive bad weather has brought additional losses for their property-insurance…
[ad_1] The largest home insurer in the US, State Farm, which is halting new homeowner policies in California due to the “rapidly growing catastrophe exposure” posed by wildfires, has hired lobbyists who also work to advance fossil fuel industry interests across 18 states, a new database shows. While State Farm in May refused to take…
[ad_1] Receive free Berkshire Hathaway Inc updates We’ll send you a myFT Daily Digest email rounding up the latest Berkshire Hathaway Inc news every morning. Berkshire Hathaway’s cash and investments in short-term Treasuries surged to $147bn at the end of the second quarter, underscoring Warren Buffett’s faith in the backbone of global financial markets despite…
[ad_1] When I tried to renew my van insurance policy with Privilege, the premium had increased from £508 to £989. Privilege said a claim had been made against me last year. In 2022, a car scraped the rear bumper of my van causing minimal damage. I reported the incident to Privilege, but did not make…
[ad_1] Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Subscribe to unlock this article Try unlimited access Only $1 for 4 weeks Then $69 per month New customers only Cancel anytime during…
[ad_1] Farmers Insurance became the latest property insurer to pull out of Florida on Tuesday despite repeated efforts by the state’s legislature and its Republican governor, Ron DeSantis, to try to calm the volatile market that is making home ownership less affordable. Farmers informed the state that it was discontinuing new coverage of auto, home…