TALLAHASSEE – CBS4 has learned a ratings agency’s plan to downgrade 27 of the 40 Florida-based property insurance companies has been delayed. It’s a move that could leave millions of homeowners statewide paying more, even leaving some scrambling to find a new insurer. “Very dramatically impact the market down […]
Angelena Iglesia
House stablecoin bill held up on federal wallet standard: source
Republicans and Democrats on the House Financial Services Committee are at loggerheads over a provision on how to treat digital wallets for draft legislation to regulate stablecoins, according to a person familiar with the matter. The bill is now not likely to get marked up until September, though it’s possible […]
WorkWave Powers Through Q2 with 168% Revenue Growth Year-to-Date
“During these times of uncertainty it is even more critical that we continue to focus on consistently delivering tangible value to our customers. That, combined with our ability to be a strong partner, will carry them — and WorkWave — through any challenges they may face,” says WorkWave CEO David […]
Employees Most Frequently Fall for Emails That Look Like They Came From Human Resources or IT
By now most people know that if they receive a text message confirming an $1800 order they never placed, or telling them they’ve just won a new grill, they shouldn’t click on it. But what if it’s from their HR Department about an upcoming performance review? Or, what if the […]
Governor Lamont Announces New $150 Million Loan Program for Connecticut Small Businesses and Nonprofits
Press Releases 07/25/2022 Governor Lamont Announces New $150 Million Loan Program for Connecticut Small Businesses and Nonprofits Public-Private Partnership Will Support Organizations in Historically Underserved Communities (HARTFORD, CT) – Governor Ned Lamont today announced the launch of the Connecticut Small Business Boost Fund, a public-private partnership that provides low-interest […]
Columbia Business School and Columbia Engineering to Offer New “Dual MBA/Executive MS in Engineering and Applied Science” Program
20-month program to provide students with critical skill set to meet evolving business demands NEW YORK, July 18, 2022 /PRNewswire/ — As part of a commitment to prepare the business leaders of tomorrow, Columbia Business School and Columbia University’s School of Engineering and Applied Science will offer a new dual-degree […]
Elon Musk Reportedly Had Affair With Wife of Google Co-Founder Sergey Brin
Elon Musk had an affair with Google co-founder Sergey Brin’s wife, according to the Wall Street Journal. Brin and Nicole Shanahan divorced in January of this year, shortly after Brin learned of the affair, the report states. Brin, a longtime friend of Musk, has pulled investments from the Tesla CEO’s […]
Michigan’s Unemployment Insurance Agency issues 7,300 waivers
Michigan’s Unemployment Insurance Agency announced Thursday that it has sent out another round of waivers to claimants as it identifies those who were deemed eligible and received benefits in the pandemic but were later told they were overpaid and told to pay the money back. In a news release, the agency said […]
Big tech hits the pause button on hiring
After a period of breakneck expansion, Big Tech is hitting the pause button. A round of internal announcements in recent days has revealed the sudden wave of caution sweeping through the tech companies’ top ranks. Last year, as Big Tech accelerated out of the pandemic, the brakes came off on […]
Google fires engineer who contended its AI technology is sentient
Blake Lemoine, a software engineer for Google, claimed that a conversation technology called LaMDA had reached a level of consciousness after exchanging thousands of messages with it. Google confirmed it had first put the engineer on leave in June. The company said it dismissed Lemoine’s “wholly unfounded” claims only after […]
Inside Kendrick Perkins’ multimillion-dollar Frenchie business
Kendrick Perkins, a former NBA champion and star analyst at ESPN, could very well make more money from his Frenchie business than he does in broadcasting over the next five-plus years. About four years ago, Perkins was approached by his brother-in-law Thomas Alpough with a succinct business pitch: “Man, we […]
Racist Juneteenth sign at Maine insurance agency prompts outrage
A racist sign about Juneteenth hung on the front door of an insurance company in Millinocket, Maine, has prompted viral internet outrage, condemnation from town leaders and an apology from someone affiliated with the business. The sign posted on the window of the Harry E. Reed Insurance Agency on Monday […]
American Express CEO doubts recession fears
A big quarter for American Express (AXP) has CEO Stephen Squeri staying optimistic into the back half of the year. “We’re acquiring spending and we see future travel bookings [strong] so I don’t see it [a recession] in my numbers at all,” Squeri told Yahoo Finance. “It’s really hard for […]
SAP Revenue Surges, but Guidance Cut Amid Shift to Cloud
Text size Cloud revenue at SAP, the German software giant, rose 34% in the second quarter to €3.06 billion. Daniel Roland/AFP via Getty Images SAP posted better-than-expected revenue growth for the second quarter, but profit fell short of estimates as the German enterprise software company’s transition to a cloud-based business […]
How to Get a Business License in Your State
What Is A State Business License If you’re starting a business or nonprofit, you may be wondering what a state business license is. A state business license is a government-issued document that provides proof that your new business is legally allowed to operate in a specific state. This can include […]
Progressive, Allstate Dump Insurance Agency After Racist AF Juneteenth Sign
An insurance agency in Millinocket, Maine, posted a hateful sign to explain its closure for Juneteenth, inviting outrage and prompting the Progressive and Allstate insurance companies to sever ties with the office. A sign behind the window of Harry E. Reed Insurance Agency read: “Juneteenth ― it’s whatever … We’re […]
Racist Juneteenth sign at Maine insurance agency sparks backlash online : NPR
Residents in Millinocket, Maine, say they are outraged after an insurance agency displayed a racist sign remarking on the new Juneteenth federal holiday. Lisa Groelly hide caption toggle caption Lisa Groelly Residents in Millinocket, Maine, say they are outraged after an insurance agency displayed a racist sign remarking on the […]
Professional Insurance Agents Call for Fall 2022 Award Nominations
WASHINGTON, July 22, 2022 /PRNewswire/ — The National Association of Professional Insurance Agents (PIA National) has announced a call for nominations for four prestigious insurance awards in its 2022 Fall Awards program. Nominations are now being accepted for the association’s 2022 Company Award of Excellence, Company Representative of the Year, […]
Michigan Rep. Tyrone Carter finds out identity was stolen through car insurance collection notice
Man accused of open car insurance policies with Michigan rep’s identity An Eastpointe man is accused of stealing Michigan Rep. Tyrone Carter’s identity and using it to take out car insurance policies. DETROIT (FOX 2) – Michigan Rep. Tyrone Carter received a notice that he owed money to Liberty Mutual. […]
Florida Regulators, FAIA Slam Demotech for Reported Plans to Downgrade 17 Carriers
New You can now listen to Insurance Journal articles! Florida’s top insurance regulators and the Florida Association of Insurance Agents on Thursday blasted the Demotech financial rating firm after the organization reportedly notified 17 insurers that they will soon be downgraded. Demotech President Joe Petrelli said Thursday evening that the […]