Business

P/C Mutuals, Reciprocals Keep Attention Focused on Personal Lines Amid Steady Presence

6 days ago   |   By A.M. Best

Mutual insurers as a group remain dominant in some segments of the insurance market with a strong focus on personal lines. Historical factors and business patterns led to the concentration.
In ...
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The Fed just confirmed that its self-induced ‘growth recession' could put more than a million Americans out of work

6 days ago   |   By Business Insider

Federal Reserve Chairman Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting in Washington, Wednesday, March 21, 2018. AP/Carolyn Kaster
New projections from the Federal Reserve show unemployment climbing to 4.4% in 2023.
If proven correct, that would mean around 1.5 million more Americans would go unemployed by the end of next year.
The inflation fight will be painful, but letting prices surge would bring "far greater pain," Fed Chair Powell said.
The Federal Reserve has already warned the fight against inflation will be a painful one. New...
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Best's Rankings: US Homeowners Multiperil Direct Premiums Written Rise 8.4%

6 days ago   |   By A.M. Best

The top 10 U.S. homeowners multiperil insurers preserved their positions from the previous year, while No. 14 Citizens Property Insurance Corp. rose 10 places, according to a new Best's ...
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AM Best to Sponsor & Present Insurance Market Outlooks & Trend Analysis at American P/C Insurers Association's Annual Meeting

6 days ago   |   By A.M. Best

AM Best will host a market briefing on the state of the U.S. property/casualty insurance industry in conjunction with the American Property Casualty Insurers Association's Annual Meeting, on ...
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Unpaid internships face new scrutiny as barriers to careers

Unpaid internships face new scrutiny as barriers to careers

Unpaid internships are facing new scrutiny from colleges, state lawmakers and student activists. Nearly half of all internships are unpaid, putting them out of reach for... Read more ...

HSBC invests in Singapore's customer intelligence and risk assessment startup

HSBC Asset Management, the investment arm of Britain's HSBC Group, has led a seed round of $4 million in Singapore's customer intelligence and risk assessment startup Bizbaz... Read more ...

Stocks making the biggest moves premarket: Nike, Micron, Amylyx and others

Names on the move ahead of the open. Read more ...

It's time to buy this residential generator leader trading at attractive...

Cowen says now is the time to buy shares of Generac even as the U.S. faces a housing slowdown that shows few signs of easing. Read more ...

Buzz Lightyear To The Rescue? Space Ranger Set To Become Christmas Best...

Could Buzz Lightyear be a best-seller 26 years on? With more than a hint of nostalgia, Play-Doh and Barbie are also brands that toy retailer Hamleys are predicting will be the... Read more ...

Corporate Bond Doomsayers Are a Little Premature

Even if a recession is coming, it could be a while until the trouble hits companies' ability to meet their debt obligations. Read more ...

UK's Truss meets with fiscal watchdog amid economic crisis

UK's Truss meets with fiscal watchdog amid economic crisis

British Prime Minister Liz Truss and her Treasury chief have met with the independent Office of Budget Responsibility amid efforts to ease concerns about unfunded tax cuts that... Read more ...

One of BlackRock's most senior executives said transitioning to a low-carbon...

Hi. Aaron Weinman here. BlackRock's bullish stance on all things environmental, social, and governance has drawn criticism from a number of politicians, both conservative and... Read more ...

I went inside the Starbucks 'cupping room', where employees taste 100 cups...

Mary Meisenzahl/Insider Starbucks invited me to visit the cupping room in its Seattle headquarters. Cupping is a coffee industry practice where experts test cups of coffee for... Read more ...

New coin designs for King Charles III released

The 50p coin, which will be in circulation before the end of the year, shows the new king without a crown and facing left. Read more ...