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AM Best Publishes Annual Review of Global Reinsurance Industry; Analysis Highlights Reinsurers’ Discipline in Transitioning Market

Lastest from Businesswire - Tue, 09/02/2025 - 03:29
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--As reinsurance industry leaders prepare to gather in Monte Carlo for the annual Rendez-Vous de Septembre, AM Best’s latest research on the global industry highlights the segment’s strong technical results and disciplined underwriting amid a market recalibration since the January 2023 renewal period. Now available in one comprehensive volume, featuring exclusive extra content, AM Best’s in-depth analysis of key segments and regional markets spotlights a shift in h

Generation Impact Global announces launch of QB-EDGE: A smarter way to Collect, Collaborate, and Comply

Lastest from Businesswire - Tue, 09/02/2025 - 03:29
GENEVA--(BUSINESS WIRE)--Generation Impact Global (GIG), a Swiss RegTech company specialising in sustainability and non-financial data management, today announced the official launch of QB-EDGE, its next-generation questionnaire and data collection tool. Built for financial institutions, corporates, and multi-stakeholder ecosystems, QB-EDGE addresses one of the most pressing challenges in ESG and regulatory reporting: how to collect and manage complex data across multiple teams and frameworks w

AI Gaps

AI is changing work for many businesses, often saving time and cost, while also delivering better outcomes.

Yet, according to multiple studies, the primary factors hindering AI adoption are concerns about inaccuracy and data security.

Inaccuracy – to address, look for sources of data, and read/check everything.

Image by Data Science Dojo

Data security – opt out of your data being used for learning; also, check your data security measures regularly.

There are other elements as well, you should be aware of and keep in mind as you move forward with AI.

Mind the gaps to manage AI implementation

Responsibility – the potential gap between developers, application builders, and end users of AI models. Determine who is responsible for the model’s accuracy and possible harms.

Principles – businesses may enact responsible AI principles, but the teams building and deploying AI offerings often struggle to operationalize them. Ensure the teams building Ai applications have visibility into the data used to train models, have detailed information on and deploy how it may perform.

Goals – business goals need to be aligned; otherwise, gaps occur and anticipated results do not occur. First, make sure everyone is clear and aligned on why AI is being used in the first place: human augmentation or automation, operational efficiency or revenue growth, improved over human accuracy or lower cost, and other business goals. Also consider the role environmental sustainability plays in your business decisions.

Further, consider your own potential gaps:

Knowledge – not just your business knowledge, but that specifically of AI and what it can do for your business.

Patience – the initial result, even multiple iterations, often do not produce the desired outcome. You need to be patient and be more specific when you ask for clarification and provide more detailed information as a basis for going forward.

Remember, AI is not a substitute for human judgment.  With AI, it is possible to check more sources and survey larger data pools. But it takes a human in the driver’s seat to decide what to look at, which information to include, and to check the accuracy of the output.

There is a need for AI within businesses.  AI is affecting how firms think about career paths within their businesses. Already, there are reports of entry level jobs drying up, being done by AI. Ai expertise is increasingly important to how businesses operate, yet it is often difficult to attract “non-qualified” technical experts.

Please share other gaps you have identified and how AI has affected your business.

The LYCRA Company Goes “ALL IN” at Intertextile Shanghai

Lastest from Businesswire - Mon, 09/01/2025 - 15:29
WILMINGTON, Del.--(BUSINESS WIRE)-- #Intertextile--The LYCRA Company returns to Intertextile Shanghai with an open-concept co-creation space showcasing its new LYCRA® brand positioning and innovations.

500 Global and dcamp Bridge Korea and Silicon Valley to Accelerate Startup Growth

Lastest from Businesswire - Mon, 09/01/2025 - 09:29
PALO ALTO, Calif.--(BUSINESS WIRE)--500 Global, one of the world’s most active venture capital firms1, and dcamp, South Korea’s premier foundation dedicated to fostering entrepreneurship, today announced a strategic partnership aimed to accelerate Korean startups’ growth as they expand to the US market. Leveraging their proven track of supporting promising founders, 500 Global and d.camp will identify Korean startups that are primed for international expansion and investment. Select startups wi

Gold Reserve Provides Update on U.S. Government’s Statement of Interest Supporting Venezuelan Opposition Government in Litigation Regarding Validity of 2020 PDVSA Bonds

Lastest from Businesswire - Sat, 08/30/2025 - 18:28
PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announces that on August 29, 2025, the U.S. Government filed a Statement of Interest in the pending New York federal court litigation regarding the validity of the 2020 PDVSA bonds. The key question in the litigation is whether the 2020 PDVSA bonds are invalid under Venezuelan law and, if so, the consequences of this invalidity. The 2020 PDVSA Bonds were issued by th

SABA Announces Notification of Sources of Distributions

Lastest from Businesswire - Sat, 08/30/2025 - 00:27
NEW YORK--(BUSINESS WIRE)--Saba Capital Income & Opportunities Fund II (NYSE: SABA) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, is notifying shareholders, prospective shareholders, and third parties of the sources of distributions pursuant to Section 19(a) of the Investment Company Act of 1940 (the “Investment Company Act”). IMPORTANT INFORMATION REGARDING MONTHLY DISTRIBUTION Distribution Notice. Pursuant to Section 19(a) of th

BRW Announces Notification of Sources of Distributions

Lastest from Businesswire - Sat, 08/30/2025 - 00:27
NEW YORK--(BUSINESS WIRE)--Saba Capital Income & Opportunities Fund (NYSE: BRW) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, is notifying shareholders, prospective shareholders, and third parties of the sources of distributions pursuant to Section 19(a) of the Investment Company Act of 1940 (the “Investment Company Act”). IMPORTANT INFORMATION REGARDING MONTHLY DISTRIBUTION Distribution Notice. Pursuant to Section 19(a) of the In

SMLR Investors Have Opportunity to Lead Semler Scientific, Inc. Securities Fraud Lawsuit with the Schall Law Firm

Lastest from Businesswire - Fri, 08/29/2025 - 18:27
LOS ANGELES--(BUSINESS WIRE)---- $SMLR--SMLR Investors Have Opportunity to Lead Semler Scientific, Inc. Securities Fraud Lawsuit with the Schall Law Firm

Nuveen Preferred Securities Closed-End Funds Announce Shareholder Approval of Proposed Merger

Lastest from Businesswire - Fri, 08/29/2025 - 18:27
CHICAGO--(BUSINESS WIRE)--Common shareholders of Nuveen Preferred Securities & Income Opportunities Fund (NYSE: JPI) and preferred shareholders of Nuveen Preferred & Income Opportunities Fund (NYSE: JPC) have approved a proposal to merge the funds. The merger will combine JPI into JPC. Subject to the satisfaction of certain customary closing conditions, the merger is expected to become effective before the market opens on September 22, 2025. Prior to the merger, JPI may declare a pre-me

Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

Lastest from Businesswire - Fri, 08/29/2025 - 18:27
NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla

Principal Real Estate Income Fund Announces Notification of Sources of Distribution

Lastest from Businesswire - Fri, 08/29/2025 - 18:27
DENVER--(BUSINESS WIRE)--The Principal Real Estate Income Fund (NYSE:PGZ) announces the sources of a distribution paid on August 29, 2025 of $0.1050 per share to shareholders of record at the close of business on August 15, 2025, pursuant to the Fund's managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission and includes the notice below sent to shareholders regarding the source of the distributi

Morgan Stanley Statement on Stress Capital Buffer

Lastest from Businesswire - Fri, 08/29/2025 - 18:27
NEW YORK--(BUSINESS WIRE)--On August 29, 2025, the Board of Governors of the Federal Reserve System announced that it was continuing to review Morgan Stanley’s request for a downward adjustment to the Firm’s preliminary Stress Capital Buffer (SCB) requirement. Morgan Stanley remains actively engaged with the Federal Reserve to reach a final SCB requirement before the October 1, 2025 effective date. Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of i

PGIM Closed-End Funds declare distributions for September, October and November 2025

Lastest from Businesswire - Fri, 08/29/2025 - 18:27
NEWARK, N.J.--(BUSINESS WIRE)--PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for September, October and November 2025. The distribution amounts and schedule for each fund appears below: Fund Name Ticker Distribution Per Share Change from Prior Distribution PGIM High Yield Bond Fund, Inc. ISD $0.105 – PGIM Global High Yield Fund, Inc. GHY $0.105 – P

IF Bancorp, Inc. Announces Results for Fourth Quarter and Fiscal Year Ended June 30, 2025

Lastest from Businesswire - Fri, 08/29/2025 - 18:27
WATSEKA, Ill.--(BUSINESS WIRE)--IF Bancorp, Inc. (NASDAQ: IROQ) (the “Company”) the holding company for Iroquois Federal Savings and Loan Association (the “Association”), announced net income of $4.3 million, or $1.37 per basic share and diluted share for the fiscal year ended June 30, 2025, compared to $1.8 million, or $0.57 per basic and diluted share for the fiscal year ended June 30, 2024. The Company also announced net income of $1.4 million, or $0.45 per basic share and diluted share for

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

Lastest from Businesswire - Fri, 08/29/2025 - 18:27
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: September 2, 2025 Record Date: September 2, 2025 Payable Date: September 3, 2025 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund DFII NYSE A

Eaton Vance Closed-End Funds Release Estimated Sources of Distributions

Lastest from Businesswire - Fri, 08/29/2025 - 18:27
BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their August distributions (each a “Fund”). This press release is issued as required by the Funds’ managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amoun

PitchBook Named Best Workplace for 11th Year by Puget Sound Business Journal

Lastest from Businesswire - Fri, 08/29/2025 - 15:27
SEATTLE--(BUSINESS WIRE)--PitchBook, the premier data provider for the private and public equity markets, today announced it was recognized as one of Washington’s Best Workplaces by Puget Sound Business Journal (PSBJ) in the Extra Large category, which includes companies with 250+ employees in Washington. Recipients are selected and ranked based on employee satisfaction surveys, which review benefit offerings, leadership, collaboration, growth opportunities, team dynamics and more. As a winner

EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit on Behalf of Semler Scientific, Inc. Investors – SMLR

Lastest from Businesswire - Fri, 08/29/2025 - 15:27
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Semler Scientific, Inc. (NASDAQ: SMLR) between March 10, 2021 and April 15, 2025, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Semler Scientific investors under the federal securities laws. To join the Semler Scientific class action, go to https://rosenlegal.com/submit-form/?case_id=39889 o

Law Offices of Howard G. Smith Encourages LifeMD, Inc. (LFMD) Investors To Inquire About Securities Fraud Class Action

Lastest from Businesswire - Fri, 08/29/2025 - 12:27
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased LifeMD, Inc. (“LifeMD” or the “Company”) (NASDAQ: LFMD) securities between May 7, 2025 and August 5, 2025, inclusive (the “Class Period”). LifeMD investors have until October 27, 2025 to file a lead plaintiff motion. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN LIFEMD, INC. (LFMD), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN T

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