Budget Deficit Hits $1.5T as Fiscal Year Nears End
The interest burden on outstanding U.S. debt remained a major drag on the budget. Interest costs in the first 10 months of the fiscal year totalled $956 billion, up 32% from 2023. The Federal...
Monthly Archive: August 2024
Walnut Insurance Secures $4.6M to Transform Insurance Distribution with Embedded Technology
Walnut is revolutionizing insurance distribution by enabling partner-driven growth through technology solutions for insurers and enterprise businesses Toronto, ON (Aug. 8, 2024) – Walnut, an innovative force in the insurance distribution industry, is pleased...
Ledger Investing Expands Capabilities to Further Advance the Casualty ILS Market
Establishment of new subsidiaries and agreement signifies watershed moment for maturation of casualty ILS market New York, NY (Aug. 6, 2024) – Ledger Investing, the leading marketplace connecting insurance risk to capital, announced today...
Illinois Company Fined $138K for Selling Unregistered Pesticide Product
Article 0 Comments The U.S. Environmental Protection Agency announced a settlement with Amerikal Products Corp. of Waukegan, Illinois, for allegedly selling and distributing an unregistered pesticide product in violation of the Federal Insecticide, Fungicide,...
LPL Updates Brand at Yearly Conference
Topics include artificial intelligence, behavioral finance, estate planning, client segmentation and marketing. Some of the event’s keynote speakers are Olympic medalist Apolo Ohno and former NFL Super Bowl champion Jon Dorenbos, who also was a...
Markets Go on Wild Ride in Week Marked by Forced Selling
What You Need to Know With many asset groups not yet screaming economic angst, one bullish mantra is starting to emerge from the noise: Buy the dip. Panicked moves were the theme of the...
BofA Private Bank Hires Citi’s Palacio in South Florida Push
Bank of America Corp. hired private banker Luke Palacio from Citigroup Inc. as it seeks to capture more business serving wealthy individuals in South Florida. Palacio is joining Bank of America Private Bank in...
California Commissioner Moves to Implement Insurance Rate Review Reforms
Article 0 Comments California Insurance Commissioner Ricardo Lara on Friday released a statement on his latest administrative action designed to address the state’s homeowners insurance crisis. Lara today issued a bulletin implementing rate review...
Judge Tosses Suit Alleging Excessive Force During Dakota Access Pipeline Protest
Article 0 Comments BISMARCK, N.D. (AP) — A federal judge in North Dakota has thrown out the remainder of a lawsuit by an Arizona man who alleged excessive force was used against him when...
Leading U.S. Insurer Awards Verint $4.5 Million Contract to Deploy AI-Powered Bots
Melville, NY (Aug. 1, 2024) – Verint®, The CX Automation Company™, is pleased to announce that a leading insurance company awarded Verint a $4.5 million contract over three years. They will use the Verint...