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Top related persons:
Chibuike Oguh - 2 Douglas - 1 Mike Segar - 1 Douglas Elliman - 1 Berkshire Hathaway's - 1 eXp - 1 Glenn Kelman - 1 Soham Bhonsle - 1
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U.S Berkshire New York Manhattan's New York City , New York Kansas City , Missouri America Western Missouri
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REUTERS - 2 Thomson - 2 World Holdings - 1 National Association of Realtors - 1 Compass - 1 NAR - 1 Hurricane - 1 UBS - 1

Search resuls for: "Chibuike Oguh Jonathan Stempel"


2 mentions found


☆ Shares of Elliman, other realtors fall after $1.78 billion broker commission verdict
  + stars: | 2023-11-01 | by ( Chibuike Oguh Jonathan Stempel | Chibuike Oguh | Jonathan Stempel | ) www.reuters.com   time to read: +3 min
The verdict could upend decades-old practices that have allowed real estate agents to boost commissions by forcing sellers to pay commissions to buyers' real estate brokers. Representatives of Compass and Douglas Elliman declined to comment. BTIG analyst Soham Bhonsle in an investor note said the fact that Douglas Elliman, Redfin, Compass and eXp were being sued by the same lawyers was a negative for their stocks. Zillow (ZG.O) shares initially fell 0.33% after brokerage Jefferies cut its price target, citing the impact of Tuesday's verdict. While Zillow is not a defendant in either lawsuit, Jefferies said Tuesday's verdict "increases the chances of a ban on commission sharing and Zillow having to pivot the business model."
Persons: Douglas, Mike Segar, Douglas Elliman, Berkshire Hathaway's, eXp, Glenn Kelman, Soham Bhonsle, Jefferies, Zillow, HomeServices, Chibuike Oguh, Jonathan Stempel, Michelle Price, Bill Berkrot, Matthew Lewis Organizations: REUTERS, World Holdings, National Association of Realtors, Compass, NAR, Thomson Locations: Manhattan's, New York City , New York, U.S, Kansas City , Missouri, Berkshire, America, Western Missouri, Missouri , Kansas, Illinois, New York
☆ US insurers brace for Idalia claims, UBS estimates $9.36 bln cost in Florida
  + stars: | 2023-08-31 | by ( Noor Zainab Hussain Chibuike Oguh Jonathan Stempel | Noor Zainab Hussain | Chibuike Oguh | ) www.reuters.com   time to read: +4 min
A vehicle drives on a flooded road after the arrival of Hurricane Idalia, in Cedar Key, Florida, U.S., August 30, 2023. Hurricane Idalia plowed into Florida's Gulf Coast with fierce winds, torrential rains and pounding surf before weakening but turning its fury on southeastern Georgia, where floodwaters trapped some residents in their homes. At about $10 billion, Idalia would cost insurers less than 10 of the costliest hurricanes to hit the United States. Higher reinsurance rates can affect the premiums that insurers charge their customers. FLORIDA PAINFlorida has a large number of very small, thinly capitalized insurers, insurance experts have said.
Persons: Hurricane Idalia, Julio Cesar Chavez, Thomas Hayes, Gallagher Re, Michael Peltier, Berkshire Hathaway, Ajit Jain, Noor Zainab Hussain, Manya, Chibuike Oguh, Jon Stempel, Devika Syamnath, Megan Davies, Cynthia Osterman Organizations: REUTERS, Hurricane, UBS, Global, Great, Great Hill Capital, Farmers Insurance, Bankers Insurance, Lexington Insurance, AIG, Farmers, Florida Office, Insurance, Bankers, Property Insurance Corp, Property Insurance, Berkshire, Manya Saini, Thomson Locations: Cedar Key , Florida, U.S, Florida, Coast, Georgia, United States, Ukraine, California, Great Hill, New York, FLORIDA, USA, Lexington, Berkshire, Bengaluru, Chibuike
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