[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…
[ad_1] It was a snowy day in early March when Ruth Joad pranged her car. The one-year-old Volkswagen needed a new bumper and sensors. Her insurer, Aviva, told her to book it into an approved dealership – and that’s where it’s been ever since. “Four months on, there’s still no update on when they’ll have…
[ad_1] Receive free Legal & General Group PLC updates We’ll send you a myFT Daily Digest email rounding up the latest Legal & General Group PLC news every morning. Sir Nigel Wilson has called for greater UK investment to allow early-stage businesses to rival their western counterparts, as he presented his final set of results…