New Zealand's Spark partners with Netflix
WELLINGTON, Feb 27 New Zealand telecommunications company Spark said on Monday it was partnering with U.S. video streaming giant Netflix in an arrangement that was the first of its kind.
Oct 10 Moody's Investors Service sees a 10.8 percent rise for homeowner policies and other rate hikes granted Florida's Citizens Property Insurance Corp as a credit positive for the storm-prone state's property insurer of last resort.
State-owned Citizens is rated by Moody's as A2 with a stable outlook. It has campaigned for years to shift policies back to private insurers.
Many large private insurers have exited Florida or cut back exposure in the state, which has driven a big jump in market share for Citizens. In 2005, Citizens covered 19 percent of the Florida market. It now has a 27 percent share, with 1.4 million customers.
"The increase is a credit positive step toward bringing (Citizens) rates more in line with competitors, helping to reduce the number of properties it insures and increasing capital available to pay claims on remaining policies," Moody's analysts said in written commentary. "Higher rates also reduce (Citizens') need for additional assessments and bond issuance."
* Partnership gives Spark broadband customers a subscription to Netflix's standard plan for one year Source text for Eikon: Further company coverage:
BARCELONA, Spain, Feb 26 Samsung Electronics said on Sunday it would launch its next key device in the aftermath of a burning-battery scandal, the Galaxy S8, on March 29.