Business Mag Search: Insurance
AM Best Downgrades Credit Ratings of American Millennium Ins Co and Citadel Re Co Ltd; Maintains Under Review Negative Status
AM Best has downgraded the Financial Strength Rating to C- from C++ and the Long-Term Issuer Credit Rating to “cc” from “b+” of American Millennium Insurance ...
48 minutes ago - A.M. Best - 2 articles
Growing tech budgets indicate pandemic will not halt insurers' digital transformations
Summary List Placement Global insurers were accelerating efforts to digitally transform their businesses in the lead-up to the pandemic, following slower progress in comparison...
3 hours ago - Business Insider
Poverty fell from December to January because of stimulus checks
A California food bank. Brittany Murray/Getty Images Poverty rates fell from December to January with a new round of stimulus checks and unemployment benefits. However, Black...
4 hours ago - Business Insider - 3 articles
Despite Cat Costs, Universal Narrows Fourth-Quarter Loss to $27 Million
Universal Insurance Holdings Inc. reported a fourth-quarter loss of $27 million, hurt by the record-setting frequency of weather events during the 2020 wind season. The loss is...
18 hours ago - A.M. Best - 3 articles
Biden directive expands jobless aid to more unemployed
WASHINGTON - Unemployed Americans who have turned down job offers because they feared their prospective employers weren't providing sufficient protection from the coronavirus...
19 hours ago - Chron - 3 articles
More Nevadans may soon become eligible for unemployment benefits
The U.S. Department of Labor announced new guidance for state employment departments that would expand eligibility for the unemployment insurance benefits program for...
19 hours ago - Review Journal - 2 articles
Oscar's IPO May Not Be Such A Frothy Success
Oscar Health has attempted to upend the insurance market and earlier this month it filed to do an IPO later this year. However, its innovations have not helped to obtain a...
21 hours ago - Forbes
5 signs you can't trust an investment app with your money
Summary List Placement It's important to make sure you can trust an investment app before you start using it. The least trustworthy apps have limited fee transparency, customer...
21 hours ago - Business Insider - 2 articles
Biden administration expands unemployment insurance rules to allow workers who turned down unsafe job offers
The change is the result of a pledge President Biden made to reduce the burden on those who say they have been forced to choose between staying healthy or getting a paycheck...
22 hours ago - Washington Post - 3 articles
United Insurance CEO: Fourth-Quarter Net Loss Widened on ‘Unprecedented' Storm Frequency
United Insurance Holdings Corp. Chairman and Chief Executive Officer Daniel Peed blamed unprecedented storm frequency for a widened fourth-quarter attributable net loss. The...
22 hours ago - A.M. Best - 3 articles
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DraftKings jumps 8% as sports-betting company forecasts $1 billion in...
Summary List Placement DraftKings jumped as high as 8% Friday after upgrading 2021 revenue forecasts to $1 billion. The sports-betting company also saw a 146% increase in...
Stocks mostly higher as tech rise; bond yields decline
Stocks were mostly higher in early trading Friday as technology companies, which had been beaten down in recent days, started to recover.
US stocks waver as chaotic bond rout cools and investors find new footing
Summary List Placement US equities traded mixed on Friday as bond yields reversed recent gains and tech stocks bounced back slightly. The tepid session marks a shakeup from the...
To all the Wall Street and tech bros heading out to Miami and Austin...
Summary List Placement What was once a one-off novelty is now a genre. Chad, a hedge fund guy from New York City is moving to Miami for income tax reasons. Brad, a start-up bro...
Beyond Meat rallies after McDonalds and Yum Brands partnerships overshadow...
Summary List Placement Shares of Beyond Meat gained 3.3% premarket Friday after announcing partnerships with McDonald's and Yum! Brands. The faux-meat producer also reported...
GameStop extends the week's rally to 188% as Reddit-trading craze grips...
Summary List Placement GameStop shares continued to pop early Friday, potentially stretching gains to nearly 200% for the week, during which retail investors restarted the...
Virgin Galactic slips 14% on further test flight delay, pushing commercial...
Summary List Placement Shares of Virgin Galactic Holdings tumbled 14% on Friday after the spaceflight company announced that it is delaying the next test flight of its...
Personal Income increased 10.0% in January, Spending increased 2.4%
The BEA released the Personal Income and Outlays report for January: Personal income increased $1,954.7 billion in January according to estimates released today by the Bureau...
The Latest: House to vote on $1.9T COVID-19 relief package
WASHINGTON - Democrats are ready to pass a $1.9 trillion COVID-19 relief package through the House on Friday.
Marc Benioff and other top execs laid out Salesforce's plan to grow revenue...
Summary List Placement Salesforce is expecting a strong 2021 after a blockbuster 2020 that saw its annual revenue grow 24%. The cloud giant on Thursday reported earnings for...