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How California’s insurance chief is quieting consumers to boost industry profits

California's insurance commissioner, Ricardo Lara, has decided that giving consumers a voice in the regulation of insurance companies is just too much accountability for himself and the industry he regulates. After years of policy disagreements with consumer groups, Lara is now trying to cancel a voter-approved system...

Ackman ‘taking a page’ from Buffett with Vantage acquisition

Bill Ackman is following Warren Buffett’s lead by acquiring insurer and reinsurer Vantage, which he will use to create a diversified holding company, the hedge fund manager said Thursday. Real estate company Howard Hughes Holdings, in which Mr. Ackman’s Pershing Square Capital Management increased...

Washington insurance commissioner issues emergency order to protect storm-impacted residents

Under the order, insurers must offer a minimum 45-day grace period for missed property and auto insurance payments and waive late fees and reinstatement fees. ...

Saga insurance partnership with Ageas goes live

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: ---------- Migo Opportunities Trust PLC - invests in closed-end investment funds traded on the London Stock Exchange, aiming to...