California Sees Two More Property Insurers Withdraw From Market
California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., plan to withdraw from the wildfire-prone state entirely starting in July.
Exclusive-Tokio Marine Has $10 Billion for Potential Acquisitions, Executive Says
Tokio Marine Holdings GAAP EPS of ¥64.37, Net Premiums Written of ¥1179.08B
All You Need to Know About Tokio Marine Holdings Inc. (TKOMY) Rating Upgrade to Strong Buy
Tokio Marine Holdings Inc. (TKOMY) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in
NAIC Report Show 2020 Premiums Grew 29.1% as Cyberthreats Rise
WASHINGTON, Nov. 8, 2021 /PRNewswire/ -- The National Association of Insurance Commissioners (NAIC) released its Cyber Insurance report, utilizing data found within the Cyber Supplement, as well as
Daimler CEO: automakers may face chip shortages by 2023
According to media reports, Ola Kaellenius, chief executive of German carmaker Daimler, said on Sunday that the surge in demand for semiconductor chips means it may be difficult for the car industry to procure enough semiconductor chips from next year to 2023, but then the supply shortage should not be so severe. Carmakers, most of which were forced to close their factories last year as a result of the COVID-19 epidemic, faced fierce competition from the huge consumer electronics industry in chip delivery and were hit by a series of supply chain disruptions during the outbreak. At the same time, cars are becoming more and more dependent on chips-from improving fuel economy
The method of quality inspection is uncertain. Delivery of Boeing Co Dreamliner 787 will be suspended until the end of October.
Boeing Co may suspend deliveries of Boeing Co Dreamliners, at least until the end of October, after the Federal Aviation Administration (FAA) rejected a recent proposal by Boeing Co to inspect the 787 Dreamliners, media reported on Saturday. Boeing Co met with FAA on Aug. 2 local time to try to persuade the authority to approve an inspection method to speed up delivery through targeted inspection rather than nose-to-tail disassembly, but failed to agree with FAA on this quality inspection method, the report said. On the evening of July 12, local time, FAA issued a statement saying that the root of the authority
Oxford Institute of Economics: House prices in the richest countries are overvalued by 10%
The housing boom of the past decade has been one of the strongest in history; the Netherlands, Canada, France and Sweden are the riskiest markets. After a decade, one of the most prosperous periods since 1990, house prices in the richest countries may have been overvalued by about 10 per cent, according to the Oxford Institute for Economics. The British research firm ranks the Netherlands, Canada, Sweden, Germany and France as the riskiest real estate markets based on long-term trends and price-to-rent ratios. It estimates that house prices in 14 developed economies have risen by 43% over the past decade. The duration of the current boom has been ranked in the past 120 years.
Tesla Musk responded to the price increase: mainly due to supply chain pressure and raw material costs
Tesla (TSLA.US) CEO Elon Musk responded on Twitter on Monday that the price rise of Tesla Model Y is mainly due to supply chain pressure and raw material costs throughout the industry. Earlier, a car owner said on Musk's Twitter that Tesla had removed the waist support configuration of Model Y while raising the price of the car. In May, Tesla raised the prices of Model 3 and Model Y, the fifth time Tesla has raised the price of his car in just a few months, Electrek reported. On the earnings conference call in April this year, Ma
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