[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 said in a statement that the decision was based on risk exposure…
[ad_1] Receive free Apollo Global Management LLC updates We’ll send you a myFT Daily Digest email rounding up the latest Apollo Global Management LLC news every morning. Many rivals of Apollo Global Management were convinced that its merger with Athene Holding, its retirement annuities affiliate, would prove a strategic blunder. The risk was that the…
[ad_1] Households in Florida, the third most populous state in the US, have been grappling for some time with a property insurance crisis that is making home ownership unaffordable for many. After at least six insurers went insolvent in Florida last year, Farmers on Tuesday became the latest to pull out of the Florida market,…
[ad_1] Receive free Zurich Insurance Group AG updates We’ll send you a myFT Daily Digest email rounding up the latest Zurich Insurance Group AG news every morning. The administrator for the German bank that was owned by failed supply chain finance group Greensill Capital is suing insurer Zurich in London’s High Court for more than…
[ad_1] I am curious to know whether my experience of being priced off the road by insurance companies on account of my age (92) is shared by other readers. I am lucky enough to be in excellent health with no disabilities and have never had an accident. I was insured through Age UK, but I…
[ad_1] Receive free Insurance updates We’ll send you a myFT Daily Digest email rounding up the latest Insurance news every morning. The global insurance industry has racked up $50bn in losses from natural catastrophes in the worst start to a year since 2011, highlighting the challenge the sector faces from global warming. As well as…
[ad_1] In 2022, Stephen Sangster had an uneventful year behind the wheel of his brand-new Dacia Jogger, covering 6,000 miles with no accidents or traffic offences. So the father of four was shocked when his car insurance renewal quote landed and the price had soared by a “shocking” near-90%. “My quote has come through 87%…
[ad_1] Receive free Climate change updates We’ll send you a myFT Daily Digest email rounding up the latest Climate change news every morning. The heads of Europe’s largest insurers have warned that a growing political backlash in the US has jeopardised their ability to join forces to combat climate change. The industry’s effort to tackle…
[ad_1] Car insurance costs may be racing ahead of inflation but there are things you can do to cut what you pay that will help some save hundreds of pounds. Here we round up some of the key advice and insider tips. Shop around This has been the key piece of advice for years but…
[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. You’re in good hands with Allstate. But the hands are maybe slightly less good than they were a few years ago, from a credit-ratings perspective. Allstate’s holding company just caught…