The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are among the top concerns of respondents to a Federal Reserve survey on financial stability, the U.S. central bank said on …
Choice Financial Group announced it has acquired SIA Insurance in Manasquan, New Jersey. The move marks Choice’s fourth acquisition in New Jersey and adds to Choice’s growing East Coast presence from New Hampshire to Florida. SIA Insurance was formed in …
Starbucks accused a union representing thousands of its baristas of damaging the brand and endangering co-workers with a pro-Palestinian tweet. The CEO of a prominent tech conference resigned amid backlash for his public statements suggesting that Israel was committing war …
XPT Specialty, a wholesale brokerage with offices in 12 US states, has named Mike Jones senior vice president, based at XPT’s newly established Orlando office. Jones will oversee hybrid managing general agency/brokerage placements for contractors, hospitality, product liablity and liquor, …
Bermuda-based global specialty insurance firm R&Q Insurance Holdings said on Friday it would divest its insurance and program management business, Accredited, to Onex Corp. for an enterprise value of $465 million. Proceeds from the sale, expected to be around $300 …
A conservative group that lost a challenge to Nasdaq’s board diversity disclosure rule appealed the decision on Wednesday, requesting a full court review and saying that the rule discriminates based on race and sex. The rule approved by the U.S. …
British workers coming into the office every day outnumber those who spend part of the week working from home, for the first time since the end of pandemic restrictions. A survey by recruitment company Hays Plc of nearly 15,000 white-collar …
Brown & Brown Inc. (BRO on NYSE) this week reported third-quarter earnings of $175.9 million. The Daytona Beach, Florida-based brokerage said it had net income of 62 cents per share. Earnings, adjusted for non-recurring costs, came to 71 cents per …
Hurricane Norma came ashore near the Pacific resort of Los Cabos at the southern tip of Mexico’s Baja California Peninsula on Saturday afternoon. Hours later, Hurricane Tammy made landfall on the Caribbean island of Barbuda. The storms were each Category …
An attorney suing Tesla over a fatal accident cited an internal safety analysis conducted by the company that showed it knew about a steering malfunction in its Autopilot driver assistant feature about two years earlier. The disclosure came during closing …