U.S. job openings dropped to their lowest total in months in December, according to a Tuesday report from the Bureau of Labor Statistics. The monthly Job Openings and Labor Turnover Survey report– followed closely by the Federal Reserve for insights into possible tightening and loosening in the jobs market– showed that job openings decreased to 7.6 million in…
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AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” to Eni Insurance S.p.A., a captive of Eni S.p.A., a multinational energy company based in Italy. On 1 February 2025, Eni’ s former captive, Eni Insurance Designated Activity Company, transferred its assets and liabilities to EIS, through a cross-border merger operation,…
Canadian Imperial Bank of Commerce. $3,154,000 Leveraged Barrier Notes Linked to the Worst Performing of the Invesco S&P 500 ® Equal Weight ETF and the SPDR ® S&P 500 ® ETF Trust due February 5, 2030. The notes will not constitute deposits insured by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation, or any other…
With former President Donald Trump threatening 25% tariffs on Mexico and Canada, and the Federal Reserve holding interest rates steady, investors in Treasury ETFs are bracing for market shifts. These developments could drive significant movements in bond yields, affecting ETFs that track long-term U.S. government bonds. The expense ratio is 0.15%. Vanguard…
Achieving over 50% revenue growth YOY for the second year in a row; Successfully launching three new products; Opening a new office in India focused on engineering R&D, data analytics, data science, and operations, with a large business delivery team; and Bringing on Matt Fowler as the new Chief Distribution Officer.. In 2024 Ethos retained its leadership position…
Continuing to deliver a comprehensive workforce benefits product suite that meets the diverse needs of today’ s employers and their employees, Symetra Life Insurance Company today announced updates to its group accident coverage that include an expanded range of optional benefits designed to support parents, multigenerational households, first…
Legislators and grassroots groups are showing new muscle in the wake of Musk’s weekend usurpation of power. It needs to ramp up, and quickly. And the media needs to cover it. Employees and supporters gather to protest outside of the US Agency for International Development (USAID) headquarters on February 3, 2025, in Washington, D.C.
The missive appeared to herald a stark shift for the CFPB, a powerful agency formed in the wake of the 2008 banking crisis to protect consumers from unfair, deceptive or predatory financial practices. Party lawmakers have threatened for years to defund the CFPB or neuter its powers- and tech billionaire Elon Musk, who is advising Trump on his reconfiguration of…
Elon Musk previously called for the agency to be eliminated.
The banks that financed the purchase of X, formerly Twitter, will attempt to sell $3 billion in debt tied to Elon Musk’ s acquisition of the company this week. Morgan Stanley, Bank of America, Barclays, Société Générale and BNP Paribas provided $13 billion in financing in 2022. That year, the owner of Tesla and SpaceX bought the social network for $44 billion.
Feb. 4— The cost of car insurance premiums have increased nearly 30% in the past two years in the U.S., but Ohio drivers are being shielded somewhat from these skyrocketing prices, industry analysts say. "The last two and a half to three years have been challenging," said Dan Scroggins, vice president of personal lines insurance for AAA Club Alliance Inc..
Segal, a leading benefits and human resources consulting firm, today announced its acquisition of a book of business from the J.A. Mariano Agency, a commercial insurance brokerage. Robert J. Eberle, Jr. has joined Segal as an Insurance Consultant, reporting to McNally. Robert J. Eberle, III has joined as an Associate Consultant, reporting to Matt Jackson, Senior Vice…
2024 adjusted diluted EPS of $7.17, up 7% from $6.68 in 2023. Membership increases of 12% in Marketplace and 50% in Medicare PDP, compared to the fourth quarter of 2023. Executed on capital deployment with $3.0 billion of share repurchases in 2024. Increased 2025 premium and service revenues guidance by $4.0 billion driven by Medicaid revenue and better than…
Axcelus Financial has appointed Kimberly Gibson to the role of Senior Market Development Manager and Consultant for the company’ s Bermuda operations and Henry Komansky to the position of Group Compliance Officer for Axcelus’ U.S.- based parent company and Chief Risk Officer for the firm’ s Bermuda operations. She has more than twenty-five years of…
First, some good news for insurance consumers in South Florida: The average annual cost to insure a single-family home increased at a lower percentage rate in Broward and Miami-Dade counties than in Florida "s other 65 counties, according to data released by the state. Now the bad news: Average premiums in Broward, Palm Beach, Miami-Dade and Monroe counties are…
A Donegal Township man faces over a dozen charges related to insurance fraud and theft by deception after he submitted fraudulent claims to two insurance companies totaling over $30,000. The investigation, spearheaded by Special Agent Amy L. Adams of the Pennsylvania Office of Attorney General, stems from eight insurance claims filed by 45- year-old Walter…
Meanwhile, Allstate, the second largest insurer of homes in Illinois, next month is hiking its rates to insure homes in Chicagoland by an average of 14.3 percent for the majority of its policyholders. State Farm, by far the largest insurer of Illinois homes, with about a third of the market, last year boosted its rates by double digits. What do the increasing…
–State Farm, California's largest property insurer, is demanding a 22% emergency rate hike after the Southern California fires, saying that over the last years it has paid out $1.26 in claims for every dollar in premiums it has collected. State Farm says that as a result, it has lost $5 billion over the last nine years in California, and that it had no option but to stop…
New York pet owners who buy their pet insurance through AXIS Insurance will face steep increases when their policies come up for renewal. The state's Department of Financial Services, which oversees insurance companies in the Empire State, recently approved AXIS' request for a 33% rate increase. The company's base rate to insure cats will rise from $241 per…
