State Farm General said on Monday it is asking the California Department of Insurance to immediately approve interim rate increases, including 22% average for homeowners. The carrier, the state’s top homeowners insurer, is partly blaming the devastating Los Angeles wildfires for the request. “As of February 1st, State Farm General (Fire only) has received more … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japanese markets extended their slide on Tuesday as the heavy sell-off in technology stocks headed into a second day, driven in part by the overnight plunge in chipmaker Nvidia’s shares. Nvidia lost $589bn of market … Read more
The effects of a brutal storm that hit the eastern Spanish peninsula in late October were felt beyond the affected areas. Videos shared on social media and calls to television and radio programs showed the magnitude of the rain and flooding in Valencia, Albacete, and other towns in the area. Many of these testimonies had several things … Read more
In a letter final week, democratic senators Elizabeth Warren and Chris Van Hollen expressed issues about financial institution and fintech partnerships final week, sparked by what seems just like the collapse of Synapse. The letter is addressed to the heads of the FDIC, Federal Reserve and Workplace of the Comproller of the Foreign money. We … Read more
