Troutman Pepper Locke advised Risk Theory, LLC, an insurance holding company, in connection with the sale of its casualty-focused wholesale brokerage subsidiary, Risk Transfer Partners (RTP), to CRC Group, a leading independent wholesale specialty insurance distributor in North America
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Margaret McDonald, a partner at global law firm Reed Smith, is among 40 honorees selected at the Business Insurance 2025 Break Out Awards. The highly competitive national award recognizes outstanding performers with up to 15 years of experience in the insurance and risk management sector. The award program honors 40 top professionals on track to…
Billionaire hedge fund investor Bill Ackman suggested that Trump consider a temporary break from the tariff strategy—a "90-day timeout"—to negotiate better trade deals to solve the "asymmetric tariff deals and induce trillions of dollars of new investment in our country."
A universal Medicare system for health care would have a lower overhead cost and would be more efficient than commercial insurance.
Kentucky's low Medicaid reimbursement rates are causing Kentucky dentists to turn away patients, leaving many without access to oral care.
Car insurance premiums could increase within 12 to 18 months as companies deal with higher costs of repairs, Eileen Gilligan, a spokesperson for the American Property Casualty Insurance Association, a trade association for insurers, said Friday. David Snyder, vice president of the association, estimated that costs of auto repairs and replacements could be…
By Dr. Isaac Newton News Americas, NEW YORK, NY, Mon. April 7, 2025: The world’s biggest economies are locked in a financial war. The U.S., China, Europe, Mexico, Canada, and other nations are imposing high taxes – called tariffs – on each other’s goods. These battles may seem far away, but they hit home when […]
A major insurer in Health Insurance Austin is criticized for withholding hospital billing data, hindering efforts to uncover inconsistent pricing and promote transparency in healthcare costs. The issue has sparked wider debate about accountability and reform in the insurance industry.
The world faces an "economic nuclear winter" if President Trump doesn’t immediately pause his sweeping reciprocal tariffs, hedge fund manager Bill Ackman said Sunday night. Why it matters: The billionaire Ackman, a staunch Trump supporter, put the market’s fears about the fate of the global economy in the starkest terms possible. What they’re saying: "The President has an…
Yoni Assia eToro – Wikimedia Israeli fintech giant eToro, led by founder and CEO Yoni Assia, has decided to freeze its planned initial public offering (IPO), according to a report by Axios. The popular online trading platform, which was set to begin a new round of investor meetings this week, has put its flotation plans…
Yahav Achim Ve Achayot Provident Funds Management Co Ltd. purchased a new position in Visa Inc. (NYSE:V – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,720 shares of the credit-card processor’s stock, valued at approximately $859,000. Visa comprises approximately 2.8%…
Titleist Asset Management LLC raised its holdings in shares of Chevron Co. (NYSE:CVX – Free Report) by 27.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,986 shares of the oil and gas company’s stock after acquiring an additional 4,918 shares during the…
A Chronicle investigation found that many California policyholders are underinsured, meaning they would not receive enough money to rebuild a home similar to the one that was destroyed. A typical homeowner's insurance policy in California comes with a page that summarizes coverage limits. The California Department of Insurance provides a breakdown of…
President Donald Trump's "Liberation Day" has come and gone. On Wall Street, many traders and bankers ignored the conventional wisdom and joined the sell-off Thursday, deeply unsettled by Trump's actions and the prospect of weaker economic growth and a rise in inflation that experts are predicting will follow. "In most cases, for most people, the best thing you can…
In a pivotal move for the crypto industry, the U.S. Securities and Exchange Commission (SEC) has issued guidance on stablecoins, bringing fresh clarity to a fast-growing segment of the digital asset market.
As Wall Street faced a second consecutive day of turmoil on the 4th of April, Federal Reserve Chair Jerome Powell struck a cautious tone. He warned that the Trump administration’s push for “reciprocal tariffs” could throw a wrench into the U.S. economy’s recovery path.
Westpac Banking Corp lowered its position in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 61.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,244 shares of the transportation company’s stock after selling 8,229 shares during the quarter. Westpac…
Westpac Banking Corp increased its holdings in shares of Devon Energy Co. (NYSE:DVN – Free Report) by 165.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,268 shares of the energy company’s stock after purchasing an additional 10,133 shares…
Pioneer Trust Bank N A OR lowered its stake in shares of Chevron Co. (NYSE:CVX – Free Report) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,205 shares of the oil and gas company’s stock after selling 4,125…
