An upstart stock exchange based in Texas has poached top talent from its big-name rivals as it prepares its push into the $11 trillion exchange-traded fund world. Cboe Global Market’s former head of exchange-traded products listings Robert Marrocco will join …
Texas Stock Exchange Hires Nasdaq, Cboe Executives for ETP Push Read More »
AM Best has placed under review with positive implications the Financial Strength Rating of C++ (Marginal) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “b” (Marginal) of Wolverine Mutual Insurance Company (Wolverine) based in Dowagiac, Michigan. The Credit Ratings …
AM Best Places Michigan’s Wolverine Mutual Under Review With Positive Implications Read More »
Several buildings at Texas Tech University in Lubbock were evacuated Wednesday night after officials said an explosion in a manhole near a substation caused multiple fires that could be seen emerging from underground across parts of the campus and widespread …
Explosion in Manhole at Texas Tech University Prompts Campus Evacuations Read More »
ACORD Solutions Group, a provider of digital solutions for the global insurance industry, announced the launch of the ADEPT Bermuda Regional Hub. As part of the data exchange hub’s launch, ACORD Solutions Group will give away one million free digital …
ACORD Solutions Group Launches ADEPT Bermuda Regional Hub for Digital Messaging Read More »
The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea is likely to hit multiple marine insurance policies, carrying an estimated combined insured value of between $50 million and $100 …
North Sea Ship Collision Could Cost Insurers Up to $100M, Hitting Marine Line’s Profits Read More »
OpenAI has asked the Trump administration to help shield artificial intelligence companies from a growing number of proposed state regulations if they voluntarily share their models with the federal government. In a 15-page set of policy suggestions released on Thursday, …
OpenAI Asks White House to Shield AI From State Rules Read More »
A federal jury convicted a Maryland woman yesterday for conspiracy to commit insurance fraud, and related charges for wire fraud, money laundering and filing false tax returns. According to court documents, Maureen Wilson, of Owings Mills, conspired with her husband …
She Took Out 40 Insurance Policies Worth $20 Million, Scamming Insurers and Investors Read More »
Ardonagh Advisory, the Ardonagh Group’s SME broking platform, announced it has acquired Anderson & Co. (Holdings) Ltd., along with its wholly owned subsidiary Anderson & Co (Insurance Brokers) Ltd. (ACIB). Financial details of the transaction were not disclosed. Established over …
Ardonagh Advisory Acquires UK Broker Anderson & Co. Read More »
NORTH CHARLESTON, S.C. (AP) — A man burned three Tesla chargers in a South Carolina parking lot and also apparently inadvertently set his clothes on fire, police said. The man spray-painted “long live the Ukraine” and a crude reference to …
Man Torches Tesla Chargers in South Carolina But Catches His Clothes on Fire Read More »
TAMPA, Fla. (AP) — Heritage Insurance Holdings Inc. (HRTG) on Tuesday reported net income of $20.3 million in its fourth quarter, a 34% drop from Q4 in 2023. The Tampa-based company said it had net income of 66 cents per …
Heritage Insurance Profits Down for Q4 But Up 36% for 2024 Read More »
