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Allstate Announces August 2024 Catastrophe Losses

Lastest from Businesswire - Thu, 09/19/2024 - 09:29
NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of August of $272 million or $215 million, after-tax, including favorable reserve reestimates for prior period events. Catastrophe losses for August include 15 events estimated at $306 million, with approximately $75 million related to a hail event in Calgary, Canada. The Calgary hail event estimate includes reinsurance reinstatement premiums and is net of anticipat

Intellicheck Successfully Completes SOC 2 Type II Audit

Lastest from Businesswire - Thu, 09/19/2024 - 09:29
MELVILLE, N.Y.--(BUSINESS WIRE)---- $IDN #authentication--Intellicheck, Inc. (Nasdaq: IDN), an industry-leading identity company delivering on-demand digital and physical identification validation solutions, today announced it has successfully completed its SOC 2 Type II audit following a rigorous review process. Intellicheck CEO Bryan Lewis said the successful completion of the audit highlights the Company’s commitment to the highest standards. “Our customers trust us to maintain the highest standards of information s

Best’s Market Segment Report: US Property/Casualty Mutual Insurers Resilient Despite Perpetual Volatility

Lastest from Businesswire - Thu, 09/19/2024 - 09:29
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--U.S. property/casualty (P/C) mutual insurance companies have been able to lean on investment income to help offset the weather-related challenges that have driven underwriting volatility, according to a new AM Best report. The new Best’s Market Segment Report, “US Property/Casualty Mutual Insurers Resilient Despite Perpetual Volatility,” notes that in 2023, this segment faced pressure from continued inflation, with costs remaining high for traditional losses, on

Daniel Maguire Appointed to Tradeweb Board of Directors

Lastest from Businesswire - Thu, 09/19/2024 - 09:29
NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the appointment of Daniel Maguire to its Board of Directors, effective as of September 18, 2024. Mr. Maguire is currently the Group Head of LSEG Markets and CEO of LCH Group. He has been a member of LSEG’s Executive Committee and CEO of LCH since 2017. Mr. Maguire initially joined LCH in 1999, and has served in a vari

Hallmark Unites Health System Leadership and Staffing Agency Executives for Second Annual Strategic Partner Summit

Lastest from Businesswire - Thu, 09/19/2024 - 09:29
CHARLESTOWN, Mass.--(BUSINESS WIRE)--Hallmark Health Care Solutions, a leading healthcare workforce management technology company, successfully hosted its second annual Strategic Partner Summit in Charlestown, MA, last week. The event brought together senior executives from partnering health systems, staffing agencies, and across Hallmark’s organization—a rare and important industry collaboration—to explore innovative solutions for optimizing healthcare workforce management. This exclusive gath

Kaskela Law LLC Announces Shareholder Investigation of Blue Ridge Bankshares, Inc. (NYSE: BRBS) and Encourages Long-Term BRBS Shareholders to Contact the Firm

Lastest from Businesswire - Thu, 09/19/2024 - 09:29
PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating Blue Ridge Bankshares, Inc. (NYSE: BRBS) (“Blue Ridge”) on behalf of the company’s long-term shareholders. https://kaskelalaw.com/case/blue-ridge-bankshares/ Recently, an amended securities fraud complaint was filed against Blue Ridge on behalf of investors who purchased shares of the company’s stock between February 3, 2023 and October 31, 2023. According to the complaint, during that time period Blue Ridge and c

ACP-Backed Counsel Press Announces Three Strategic Add-ons, Fueling Early Platform Momentum

Lastest from Businesswire - Thu, 09/19/2024 - 06:28
CLEVELAND & DALLAS--(BUSINESS WIRE)--Align Capital Partners’ (“ACP”) outsourced legal services platform Counsel Press, Inc. (“Counsel Press” or the “Company”) has acquired three providers of outsourced appellate services. Since partnering with ACP last October, the Company acquired Cockle Printing Co. d/b/a Cockle Legal Briefs (“Cockle”) in March, Becker Gallagher Briefs and Records (“Becker Gallagher”) in May and added Lantagne Legal Printing (“Lantagne”) in September. Collectively, these thre

Brilliant Announces Partnership With New Heritage Capital

Lastest from Businesswire - Thu, 09/19/2024 - 06:28
SAN FRANCISCO--(BUSINESS WIRE)--Brilliant, a global provider of impactful corporate gifting and branded merchandise solutions, is thrilled to announce a new partnership with and a majority investment by New Heritage Capital (“Heritage”), a Boston-based private equity firm focused on partnering with high-growth, founder-owned businesses. The investment was structured using Heritage’s Private IPO® solution, which leaves operating control in the hands of current Brilliant management while providin

CyberLink Pioneers Cloud to Edge Integration, Empowering Boundless Creativity and Innovation Through its Suite of Creative Software Solutions

Lastest from Businesswire - Thu, 09/19/2024 - 06:28
TAIPEI, Taiwan--(BUSINESS WIRE)--CyberLink aims to unleash the full potential of AI and Generative AI with the latest release of their suite of creative software solutions.

EarnIn Brings On Tech Industry Veteran to Lead B2B Team

Lastest from Businesswire - Thu, 09/19/2024 - 06:28
PALO ALTO, Calif.--(BUSINESS WIRE)--EarnIn, a pioneer in on-demand pay, announced today the company’s latest appointment of Penelope Talbot-Kelly as its General Manager of B2B sales and solutions. Talbot-Kelly will lead the B2B team in partner acquisition, client management, and partnerships across the country. Her team will focus on supporting employers by addressing the issue of employee financial stress by offering financial wellness solutions. Just last year, a survey highlighted that 78% o

RF Expands Healthcare Portfolio into Veterinary Care with Pharmaceutical Platform Investment Altro and Amici

Lastest from Businesswire - Thu, 09/19/2024 - 06:28
NEW YORK--(BUSINESS WIRE)--RF Investment Partners, a provider of flexible growth capital, announced today its platform investment in Altro and Amici Pharmaceuticals, a complementary pair of founder-owned companies that provide strategic sourcing, market insights, and production of generic pharmaceuticals for the growing companion pet and animal end markets. This strategic investment marks RF's expansion in the healthcare sector as it enters the veterinary and pet-focused pharmaceutical space. B

Borrower Survey Finds 60% of Homebuyers Experience Frustration During the Mortgage Process

Lastest from Businesswire - Thu, 09/19/2024 - 06:28
SAN FRANCISCO--(BUSINESS WIRE)--According to a new survey conducted by Snapdocs, the mortgage industry’s leading digital closing provider, 60% of homebuyers experience frustration during the mortgage process. The key factors borrowers identified as negatively impacting their experience occurred during the closing, including document errors, lengthy in-person appointments, and unexpected caretaking and travel costs. Borrowers who were given the option to close digitally, or even just preview the

Sparkfund Paves the Way for Individual Taxpayer Participation in Multi-Billion Dollar Inflation Reduction Act Tax Credit Market

Lastest from Businesswire - Thu, 09/19/2024 - 06:28
WASHINGTON--(BUSINESS WIRE)--Sparkfund, a leading energy transition partner specializing in program management, financing, and implementation services for utilities and building owners, today announced the company’s sale of Inflation Reduction Act (IRA) investment tax credits (ITC), valued at a quarter of a million dollars, to an individual taxpayer. Sparkfund partnered with Secured Carbon to qualify and transfer a bundle of ITCs from six electric vehicle (EV) charging facilities in California

ICA Compliance Awards Partners Exclusively With LRN

Lastest from Businesswire - Thu, 09/19/2024 - 06:28
NEW YORK--(BUSINESS WIRE)--The world’s largest dedicated ethics and compliance company, LRN Corporation, has become the exclusive headline partner of the ICA Compliance Awards 2025. This partnership marks a significant milestone for both LRN and the International Compliance Association (ICA), as they unite to celebrate excellence and innovation in the compliance sector. As part of this exclusive partnership, LRN and ICA experts have worked together to create three new categories for the awards

Enhanced Security Tops Singapore Banking Customers’ Wishlist Amid Rising Fraud Fears: FIS Survey

Lastest from Businesswire - Thu, 09/19/2024 - 03:28
SINGAPORE--(BUSINESS WIRE)--Strengthening online security tops the innovation wishlist of Singapore banking customers surveyed, with “money lock” to prevent withdrawals emerging as the most sought-after innovation, ranking above features like cardless withdrawals and voice-activated virtual assistants. Overall, when it comes to customer experience, the top priority for surveyed consumers is feeling confident that their personal information and assets are secure. While 86% consider this extremel

TelevisaUnivision Announces CEO Succession

Lastest from Businesswire - Thu, 09/19/2024 - 00:28
MIAMI--(BUSINESS WIRE)--TelevisaUnivision, Inc. (“TelevisaUnivision” or the “Company”), the world’s leading Spanish-language media and content company, announced the appointment of Daniel Alegre as the Company’s Chief Executive Officer, effective September 19, 2024. As part of the Board of Directors’ long-term succession planning process, Mr. Alegre will succeed Wade Davis, who will transition to the role of Vice Chairman of the Board of Directors and continue as a member of the Board’s Executi

Hess Midstream LP Announces Pricing of Upsized Secondary Public Offering of Class A Shares

Lastest from Businesswire - Thu, 09/19/2024 - 00:28
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES PRICING OF UPSIZED SECONDARY PUBLIC OFFERING OF CLASS A SHARES

KBRA Assigns Preliminary Ratings to Benchmark 2024-V10

Lastest from Businesswire - Wed, 09/18/2024 - 21:28
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA is pleased to announce the assignment of preliminary ratings to 13 classes of Benchmark 2024-V10, a $738.0 million CMBS conduit transaction collateralized by 32 commercial mortgage loans secured by 100 properties. The collateral properties are located throughout 18 MSAs, of which the three largest are New York (26.5%), Los Angeles (15.3%), and Honolulu (9.3%). The pool has exposure to all major property types, with four types representing more than 10.0% of the p

HSBC Bank USA, N.A. and Affiliates Reduces Prime and Reference Rate

Lastest from Businesswire - Wed, 09/18/2024 - 21:28
NEW YORK--(BUSINESS WIRE)--HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 8.50% to 8.00%, effective tomorrow. About HSBC HSBC USA Inc. ("HUSI") is a Maryland corporation and its principal business is to act as a holding company for its subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA, N.A. and its subsidiaries, HUSI offers a full range of traditional banking products and services to individuals, including high n

KBRA Assigns Preliminary Ratings to Morgan Stanley Residential Mortgage Loan Trust 2024-NQM3 (MSRM 2024-NQM3)

Lastest from Businesswire - Wed, 09/18/2024 - 21:28
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 10 classes of mortgage-backed certificates from Morgan Stanley Residential Mortgage Loan Trust 2024-NQM3 (MSRM 2024-NQM3), a $399.6 million non-prime RMBS transaction. The underlying collateral, comprising of 863 residential mortgages, is characterized by a notable concentration of alternative income documentation (82.8%). The majority of the loans are either classified as non-qualified mortgages (Non-QM) (45.7%) or exempt (47.2%) f

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