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Two Big Ideas for Preventing Another Banking Crisis

No limitsLast year, Marc Lasry, the owner of the Milwaukee Bucks basketball team, revealed that its star player, Giannis Antetokounmpo, at one time had been putting his money in 50 banks, with no single account holding more than $250,000. Why? Because Antetokounmpo wanted...

All eyes are on this business-interruption suit that put other litigation on hold

Ocean Casino Resort in Atlantic City. (Credit: Chris6d via Wikimedia Commons) Nearly all the courts hearing COVID-related business-interruption coverage disputes around the country have ruled in favor of insurance companies, but some are hoping an upcoming appeal at the New Jersey Supreme Court...

AM Best Affirms Credit Ratings of The Penn Mutual Life Insurance Company and Its Subsidiaries

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial ... DE), Vantis Life Insurance Company (Windsor, CT) and The Penn Insurance and ... Source link

Prudential Financial CEO: Leadership Next podcast interview

On this week’s episode of Fortune‘s Leadership Next podcast, co-hosts Alan Murray and Ellen McGirt talk with Prudential Financial CEO Charles Lowrey about the relationship the company has with its longtime hometown of Newark, N.J. (and why it’s never moved away); increasing access to financial services for...

Nine companies applying for incentive grants could soon provide Louisiana insurance relief

NEW ORLEANS (WVUE) - Relief could be on the way for thousands of Louisiana homeowners struggling with inflated insurance premiums, after Insurance Commissioner Jim Donelon announced that several companies have signed up for the state’s incentive program.The grant package was created in a...