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Heritage, American Coastal Get Boosts from Strategy Shifts, Tame Weather

Shares of Heritage Insurance Holdings and American Coastal Insurance Corp., two Florida-based homeowners' insurers, have experienced significant increases in their stock prices as a result of strategic shifts and favorable weather conditions. Heritage Insurance Holdings' share price has surged by 115.9% to $7.86, while American Coastal Insurance Corp. has seen a remarkable 438.1% increase to $10.60.Heritage Insurance Holdings announced a strategic focus on commercial lines and the excess and surplus market, leading to its stock price rise. Similarly, American Coastal...

CrowdStrike Launches SEC Readiness Services to Prepare Boardrooms for New Regulations

CrowdStrike launches new services to help public companies prepare for, and comply with, the SEC’s new regulations and take on the evolving responsibilities associated with them.

Japanese life insurers on track to achieve fiscal 2023 profit forecasts

Japanese life insurers Dai-ichi Life Holdings Inc., T&D Holdings Inc., and Japan Post Insurance Co. Ltd. are all making significant progress towards achieving their annual profit forecasts for the fiscal year ending March 30, 2024.Dai-ichi Life Holdings Inc. reported a remarkable 42.1% year-over-year growth in net income, attributing the increase to various positive factors. The company stated, "The improvement in T&D Holdings' nine-month profit was largely due to a 'reactionary decline' in large temporary valuation losses related to Fortitude, a foreign reinsurance...

Celebrating Excellence: The CIAA Basketball Tournament Unites Generations and Cultivates Community

In a celebration of excellence at the CIAA Basketball Tournament, the Lincoln University Lions and Fayetteville State Lady Broncos emerged victorious, claiming their championship titles in Baltimore. The tournament, steeped in tradition and history, goes beyond the court, fostering a sense of community and nostalgia among attendees.The Central Intercollegiate Athletic Association (CIAA), established in 1912 as America’s oldest historically Black athletic conference, showcases 14 annual championships, including the prestigious basketball tournament. Drawing in 190,000 fans...

NAIC head: Federal role, climate, AI on state insurance regulatory agenda

State insurance regulators are willing to work with the federal government but continue to maintain that they are best positioned to oversee the industry. The National Association of Insurance Commissioners (NAIC) is prioritizing mitigation to deal with the impacts of a changing climate. Insurers must be ethical and transparent in how they utilize artificial intelligence so as to not perpetuate bias.Connecticut Insurance Commissioner Andrew Mais, in his capacity as both president of the NAIC and a state regulator, discussed various pressing issues including the role of...

State Farm® Announces Jon Farney as New CEO

State Farm President Jon Farney has been selected as the company’s next Chief Executive Officer by the State Farm Mutual Board of Directors. Farney will formally begin his role on June 1. The announcement was shared by Chairman and retiring CEO Michael Tipsord, who expressed his confidence in Farney's abilities. Tipsord stated, “Jon and I have worked together for many years. I’ve seen how much he cares about State Farm, how much he cares about the people at State Farm, how he solves problems, and how focused he is on taking care of our customers.”Farney, who joined State...

Prominent life and health insurer to revisit possible mutual holdco formation

Mutual of Omaha Insurance Co. has announced its plans to explore the formation of a mutual insurance holding company (MIHC), as confirmed in its 2023 annual statement. The company stated that it is undertaking this exploration to fully understand the structure's requirements and potential consequences, without establishing a specific timeline for the process.The potential MIHC formation would enable Mutual of Omaha to maintain its policyholder ownership structure while enhancing its access to external sources of capital. This move reflects the company's strategic...

Don’t eat that! How to prevent pet poisoning

In light of Pet Prevention Poison Month, Nationwide is urging pet owners to be vigilant about their furry companions' safety. The initiative comes after a family experienced a worrisome incident involving a plant that led to a costly visit to the veterinarian.Nationwide advises pet parents to take preventive measures to avoid such situations. They recommend visiting Nationwide's PetHealthZone for tips on pet safety and what to do if a pet ingests something harmful. Additionally, Nationwide offers its members access to veterinary professionals around the clock through the...

New Consumer Insights To Help India’s Gaming Brands Grow

The Gaming industry is among India’s rising sectors growing rapidly on the back of digital technologies.

Wells Fargo introduces Autograph Journey card for travel enthusiasts

Wells Fargo & Company recently announced an expansion to its Autograph rewards cards with the introduction of the Wells Fargo Autograph Journey Visa card. This new addition is designed for frequent travelers, offering accelerated rewards in popular travel categories.

Apple expands innovative Restore Fund with TSMC and Murata

Suppliers will support new nature-based carbon removal projects alongside Apple, as the fund’s initial phase is underway

Announcing new sustainability enterprise offerings to optimize IT resource usage securely

Organizations across the enterprise looking to transform their business models to meet the growing demands of regulatory changes, key stakeholders and environmentally conscious customers aim to prioritize sustainability in their core operations.

Amazon RDS now supports io2 Block Express volumes for mission-critical database workloads

I am pleased to announce the availability of Provisioned IOPS (PIOPS) io2 Block Express storage volumes for all database engines in Amazon Relational Database Service (Amazon RDS).

Taziki’s Mediterranean Cafe Expands with Square for Franchises to Power Nearly 100 Locations

Square for Franchises helps Taziki’s Mediterranean Cafe manage enterprise-level operations for every location from a single dashboard

Flying Food Group’s inflight catering meals praised for quality and taste on STARLUX flights

Flying Food Group recently won praise for their catered meals from the toughest audience on Earth: the internet.

Nationwide Introduces Video Consultation Feature on VetHelpline for Pet Parents

Nationwide pet insurance members now have access to a new video consultation feature on Nationwide’s VetHelpline®, providing them with face-to-face conversations with veterinary professionals around the clock. This new addition aims to offer a more comprehensive solution to pet owners, as stated by Mariel Devesa, Nationwide Pet’s Head of Growth, Expansion, and Development, who highlighted, "Our new VetHelpline® merges technology with peace of mind for our consumers in one of the most comprehensive solutions in the market today."The VetHelpline® service is exclusive to...

ESPN+ Now Available to Charter’s Spectrum TV Select Plus Customers at No Extra Cost

With 30,000+ Live Events and 3,000+ Hours of Original Content, ESPN+ is Now Included with TV Select Plus Packages

Data residency in the AI era: New capabilities to manage your data

In January, we updated our Microsoft Copilot product line-up to expand Copilot for Microsoft 365 to more businesses and announced no seat minimum for commercial plans.

Pump It Up – Gas Prices Rise Ahead of Daylight Saving Time

WASHINGTON, D.C. (March 7, 2024)—Pump prices have maintained a steady march higher, rising eight cents since last week to $3.39. More expensive oil is a likely culprit, as crude accounts for nearly 60% of pump prices. The cost for a barrel of oil is edging closer to $80, about $10 more per barrel than a few months ago."Spring is nearly here, with longer days, better weather, and more opportunities to hit the road," said Andrew Gross, AAA spokesperson. "And we are seeing this reflected in rising gasoline demand. But remember, we see this trend every year."For the...

Apple has been fined $2 billion by European Union for antitrust policy

The European Union (EU) has imposed a $2 billion fine on Apple for breaching antitrust policies. The EU alleges that Apple prohibited app developers from fully informing iOS users about more affordable music subscription services.