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Surge of Insurance Capital Into Private Markets Boosts Hiring, Pay Deals
The surge of insurance capital into private markets is boosting hiring and pay deals in the sector despite recent jitters, with senior managing directors asking for pay packets of $2.5 million and above. Those are some of the findings in …
POSTED FEBRUARY 25, 2026 10:16 AM |
Tycoon Richard Li’s Bolttech Is Said in Talks to Buy MoneyHero
Bolttech Holdings Ltd. is in talks to buy Nasdaq-listed MoneyHero Ltd., people familiar with the matter said, a move that would combine two financial technology firms backed by billionaire Richard Li. Closely held Bolttech is doing due diligence and valuation …
POSTED FEBRUARY 25, 2026 9:44 AM |
Amex, Deere, J&J Abandon Board Diversity Rule, Activist Says
American Express Co., Deere & Co. and Johnson & Johnson have dropped diversity criteria for selecting new board directors, according to a conservative shareholder activist group. Goldman Sachs Group Inc. is considering a similar change, Bloomberg confirmed earlier this week. …
POSTED FEBRUARY 25, 2026 6:12 AM |
Tesla Must Face Lawsuit Alleging Anti-American Bias in Hiring, Judge Rules
A U.S. judge has refused to dismiss a lawsuit accusing Tesla of discriminating against American citizens in hiring so it can pay less to foreign workers, but said he was skeptical that the software engineer who sued would prevail. U.S. …
POSTED FEBRUARY 25, 2026 6:05 AM |
Florida OIR Slams Committee-Approved Clearinghouse Bill Changes as ‘Illusory’
With no debate and little discussion, a final Florida House committee on Tuesday approved a bill that would set up a clearinghouse to help move commercial policies out of Citizens Property Insurance Corp. and into surplus lines carriers. The House …
POSTED FEBRUARY 25, 2026 6:01 AM |
Wynn Resorts Says Hackers Stole Employee Data
Wynn Resorts on Tuesday said hackers had obtained employee data and that the company was investigating the breach. Michael Weaver, Wynn’s chief communications officer, said in an email Tuesday that the company learned that “an unauthorized third party acquired certain …
POSTED FEBRUARY 25, 2026 6:00 AM |
TWIA Board Sets $4.3B as 1-in-50 Probable Maximum Loss for 2026 Storm Season
The Texas Windstorm Insurance Association’s board voted to finalize $4.3 billion as the association’s 1-in-50 probable maximum loss for the 2026 storm season. The 1:50 PML, the level of losses that would be expected to be exceeded on an annual …
POSTED FEBRUARY 25, 2026 6:00 AM |
Deep-Sea Tech Being Deployed to Find Sunken Fishing Boat Off Massachusetts
A coalition of authorities is deploying technology to try to locate the wreck of a fishing boat that sank last month off Massachusetts, killing all seven aboard. But winter weather and sea conditions have thus far slowed their efforts. The …
POSTED FEBRUARY 25, 2026 6:00 AM |
People Moves: SAN Group Names Marcou; Underwood Joins Alliant
SAN Group Names Marcou Agency Growth Coach SAN Group, headquartered in Hampton, New Hampshire, hired Lynn Marcou as agency growth coach, supporting member agencies across Maine, New Hampshire, Vermont, and Massachusetts. Marcou provides hands-on coaching and strategic guidance to SAN …
POSTED FEBRUARY 25, 2026 6:00 AM |
Tow Truck Operator and Used Car Dealer Sentenced for Car Theft Scheme
A tow truck operator and a used car dealer have bee sentenced for their roles in a motor vehicle theft scheme in New York. New York Attorney General Letitia Jame said an investigation by her office and the New York …
POSTED FEBRUARY 25, 2026 6:00 AM |
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