Insurance

Nation's fifth largest mortgage insurer joins the IPO craze

2 days ago   |   By Inman

Genworth Mortgage Insurance Corp. will rebrand as Enact in a partial IPO that values the company at $3.6 billion and paves the way for a future spin-off.
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AM Best Revises Outlooks to Stable for Humana Inc. and Its Subsidiaries

2 days ago   |   By A.M. Best

AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of “a-” for the ...
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How companies rip off poor employees - and get away with it

2 days ago   |   By Chron

Already battered by long shifts and high infection rates, essential workers struggling through the pandemic face another hazard of hard times: employers who steal their wages.
When a recession hits, U.S. companies are more likely to stiff their lowest-wage workers, research shows. Some businesses pay less than the minimum wage, make employees work off the clock, or refuse to pay overtime rates. In the most egregious cases, bosses don't pay their employees at all.
Companies that hire child care workers, gas station clerks, restaurant servers and security guards are among the businesses most...
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Direct Insurance Group Rebrands in the UK as Aventum

2 days ago   |   By A.M. Best

Direct Insurance Group has rebranded as Aventum amid plans to increase the company's global presence.
“With a higher profile in the market we believe we can keep up our growth trajectory,” ...
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AM Best Assigns Credit Ratings to Southlake Specialty Insurance Company and Westlake Specialty Insurance Company

2 days ago   |   By A.M. Best

AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of “a-” to Southlake Specialty Insurance Company and its subsidiary, Westlake Specialty ...
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Elon Musk says dogecoin might be the future of cryptocurrencies - but tells...

Elon Musk says dogecoin might be the future of cryptocurrencies - but tells fans they should still invest carefully

Summary List Placement Elon Musk has said dogecoin could ironically become the future of cryptocurrencies, which could themselves become the future currencies of earth. Despite... Read more ...

Russia-China trade turnover jumps almost 20% since beginning of 2021

Russia-China trade turnover jumps almost 20% since beginning of 2021

The volume of trade between Russia and China has reached $40.207 billion in January-April 2021. That's 19.8% higher than it was in the same period last year, according to... Read more ...

Jack Dorsey's Square reports Q1 bitcoin revenue grew 1,000% to $3.5 billion...

Jack Dorsey's Square reports Q1 bitcoin revenue grew 1,000% to $3.5 billion - and is the 3rd-largest corporate holder of the cryptocurrency

Summary List Placement Square reported first-quarter earnings that beat analyst estimates on Thursday, powered by surging demand for bitcoin. Quarterly revenue from bitcoin... Read more ...

Blood is in the water with Cheney's likely ouster. Now Trump aides are...

Blood is in the water with Cheney's likely ouster. Now Trump aides are casting doubt on McCarthy's prospects for House speaker if the GOP wins the House in 2022

Summary List Placement Lost in the Liz Cheney leadership brawl that's consumed House Republicans this week is an even bigger battle that politicos from Washington to Mar-a-Lago... Read more ...

Corporate Counsel Awards: Liza Akins is designing her own career

Corporate Counsel Awards: Liza Akins is designing her own career

Before entering the world of corporate counsel, Liza Akins was a private practice attorney focused on construction law, primarily in litigation. “I often wished that I had an... Read more ...

Mental health startup Spill has grown from 0 to 203 clients in just over a...

Mental health startup Spill has grown from 0 to 203 clients in just over a year amid COVID-19 boom

Summary List Placement Mental health startups have seen major growth through the COVID-19 pandemic as the effects of multiple lockdowns impact the population. One such growth... Read more ...

Asian indexes rise after US rally; investors await jobs data

Asian indexes rise after US rally; investors await jobs data

TOKYO - Asian shares rose Friday on optimism about the rally on Wall Street and an economic rebound in the U.S., as investors awaited the release of jobs data. Read more ...

The Latest: Washington Gov criticized for reopening plan

The Latest: Washington Gov criticized for reopening plan

TACOMA, Wash. - Washington Gov. Jay Inslee is receiving criticism from lawmakers in his own party over his shifting economic reopening plan, with a group of Democrats from the... Read more ...

May 6th COVID-19 Vaccinations, New Cases, Hospitalizations

May 6th COVID-19 Vaccinations, New Cases, Hospitalizations

President Biden has set two vaccinations goals to achieve by July 4th: 1) 70% of the population over 18 has had at least one dose of vaccine, and 2) 160 million Americans fully... Read more ...

California fire victims see little payout from settlement

California fire victims see little payout from settlement

SAN FRANCISCO - A trust approved by a federal judge to help compensate victims of deadly California wildfires sparked by Pacific Gas & Electric equipment paid survivors just $7... Read more ...