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Caribbean Insurers’ Net Income Rebounds After 2016-2017 Hurricane Seasons: AM Best
An analysis of AM Best-rated property/casualty insurers based in the Caribbean found that overall net income rebounded significantly following the 2016-2017 hurricanes to $32.2 million in 2018 compared with a $4.3 million loss in the previous year. After losses in …

POSTED JUNE 19, 2019 9:52 AM
Aspen Taps Brekenfeld from Lloyd’s as Director of Global Corporate Development
Aspen Insurance Holdings Ltd. announced that Joshua (Josh) Brekenfeld has been appointed director of Global Corporate Development. Brekenfeld joins Aspen from Lloyd’s of London where he spent six years in senior roles, most recently leading the business oversight relationship between …

POSTED JUNE 19, 2019 9:26 AM
Alera Group Selects Englert as National P&C Leader
Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm based in Deerfield, Illinois, has appointed Mark Englert as national property/casualty practice leader. Englert will be responsible for continuing Alera Group’s path toward building world-class property/casualty solutions. …

POSTED JUNE 19, 2019 5:56 AM
Higginbotham in Texas Buys Commercial Insurance Unit of Extraco Banks
Extraco Banks has sold its commercial insurance operation to Fort Worth, Texas-based independent insurance broker, Higginbotham. Extraco Insurance is a group of five property/casualty insurance professionals operating in Waco, Temple and Hamilton, Texas, for 19 years. The group will continue …

POSTED JUNE 19, 2019 5:49 AM
Company Cited, Fined $341K After Fatality at Texas Tire Retreading Facility
A Mississippi company faces more than $341,000 in penalties for failing to protect employees from serious safety hazards, a practice that led to a worker’s death at a plant in Texas, federal safety officials say. The U.S. Department of Labor’s …

POSTED JUNE 19, 2019 5:26 AM
Chicago Staffing Firm to Pay $50K to Settle Sex Harassment Lawsuit
Chicago-based Staff Management | SMX (SMX), which provides temporary employees to the light-industrial sector worldwide, will pay $50,000 to a female former employee and furnish other relief to settle a sexual harassment lawsuit filed by federal officials. The U.S. Equal …

POSTED JUNE 19, 2019 5:10 AM
Midwestern Floodwaters Harming Louisiana, Mississippi Seafood Businesses
This is a bad year for people who make their living from seafood in Louisiana and Mississippi. Floods from the Midwest are killing oysters, and driving crabs, shrimp and finfish out of bays and marshes, into saltier water where they …

POSTED JUNE 19, 2019 5:01 AM
Viewpoint: Fixing America’s Flood Insurance Problem in 5 Steps
The National Flood Insurance Program (NFIP) was originally created by Congress to transfer U.S. flood insurance risk to private insurers. However, in 1978, (when private insurance carriers assumed over 40 percent of the nation’s flood insurance risk), NFIP administrators used …

POSTED JUNE 19, 2019 5:00 AM
Facebook Plans Global Cryptocurrency, Entry into Financial Services
Facebook Inc. announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard, …

POSTED JUNE 19, 2019 5:00 AM
State Regulators Reviewing Proposed Sale of Workers’ Comp Specialist Applied Underwriters
A possible sale of workers’ compensation specialist Applied Underwriters looks to be a step closer to reality. The California Department of Insurance is reviewing an application for the sale of the Calif.-based Berkshire Hathaway subsidiary. CDI officials confirmed with Insurance …

POSTED JUNE 19, 2019 5:00 AM

Business and financial news -

7 things to know before the bell
Read full story for latest details.

POSTED OCTOBER 04, 2018 5:10 AM
SoftBank and Toyota want driverless cars to change the world
Softbank and Toyota are partnering on an effort to use autonomous vehicles and other technologies to change the world of transportation.

POSTED OCTOBER 04, 2018 5:27 AM
Aston Martin falls 5% in its London IPO
Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion.

POSTED OCTOBER 03, 2018 11:54 PM
Barnes & Noble stock soars 20% as it explores a sale
Barnes & Noble jumped more than 20% after it said it would review a sale of the troubled company.

POSTED OCTOBER 03, 2018 7:59 PM
Why it's time for investors to go on the defense
Howard Marks, co-chairman of Oaktree Capital, explains why investors should start treading lightly.

POSTED OCTOBER 03, 2018 11:28 PM
The Toys 'R' Us brand may be brought back to life
Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands.

POSTED OCTOBER 03, 2018 11:54 PM
The internet industry is suing California over its net neutrality law
Broadband trade groups and the DOJ have filed lawsuits over California's days-old law protecting net neutrality.

POSTED OCTOBER 03, 2018 5:46 PM
Priyanka Chopra is helping Bumble expand in India
It's the latest online dating app to compete for the hearts of women in India.

POSTED OCTOBER 03, 2018 1:40 PM
Microsoft unveils new Surface devices
Microsoft announced a new version of its desktop computer Surface Studio, and its first pair of smart headphones. It also announced the Surface Pro 6 and Surface Laptop 2.

POSTED OCTOBER 02, 2018 11:46 PM
Getting health insurance through work now costs nearly $20,000
Family health insurance now costs employers and workers nearly $20,000 a year, on average, according to a new report.

POSTED OCTOBER 03, 2018 10:02 AM

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