Florida’s state-backed insurer of last resort has purchased $3.56 billion in reinsurance cover for this year’s potentially devastating hurricane season. In a Wednesday news release, Citizens Property Insurance Corporation said that the reinsurance would give the entity “the financial resources to pay claims following a 1-in-83-year hurricane without having to levy an assessment on most
Jacob Everett | South Bend Tribune In the midst of Northwest Indiana’s ongoing discussions about economic development and solar energy, I often hear comments suggesting that these projects will bring more harm than good. With so much changing suddenly around here, it’s only natural for concerns to arise. I know and respect everyone’s opinions, but
Closing Bell on Friday, July 12, 2024: Benchmarks Sensex, and Nifty50 indices rose to record highs on Friday lifted by a solid rally in information technology (IT) stocks. The BSE Sensex hit surged nearly 1,000 points intraday to hit a record high of 80,893.5, while the Nifty50 zoomed to 24,592 ahead of the CPI inflation
The former president’s fortune has swelled by billions of dollars this year, as mom-and-pop investors bet big on his super-small social media business. AP Photo/Jeffrey Phelps In March, Donald Trump was facing a cash crunch so severe that he called on his supporters to “chip in” and help him save Trump Tower from seizure. But
Listen to this story Loading audio file, please wait. Speed1.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 As Indiana strives to remain competitive against peer cities, one crucial investment stands out as a cornerstone for driving workforce development: infrastructure. While roads, bridges, and utilities often dominate discussions around infrastructure, there’s another vital component that
sommart/iStock via Getty Images Global markets were mixed over the June quarter, with divergent themes impacting key markets. In the U.S., the S&P 500 (SP500, SPX) and Nasdaq continued to move higher. Contrary to last quarter where there were signs of a broadening in the market rally across sectors, U.S. returns this quarter were concentrated
Those who have taken trips to the New London, Connecticut, area over the past year may have noticed a foreboding outline on the horizon. One of my friends, a Lord of the Rings fan, even compared it to the Eye of Sauron. Slowly, this strange structure is transforming into “Revolution Wind.” It is set to
Amber Hickman | 12 July 2024 Kyndryl, which is one of the world’s largest IT infrastructure service providers, serves thousands of enterprises in more than 60 countries globally. The firm designs, builds, manages and modernises complex IT systems for customers in every industry, including banking, insurance, government and manufacturing, and
Solar energy is critical for a clean-energy future. Traditionally, solar energy is harvested using silicon—the same semiconductor material used in everyday electronic devices. But silicon solar panels have drawbacks: for instance, they’re expensive and hard to mount on curved surfaces. Researchers have developed alternative materials for solar-energy harvesting to solve such shortcomings. Among the most
Fat Prophets Global Contrarian Fund Ltd. (AU:FPC) has released an update. The Fat Prophets Global Contrarian Fund reported a decrease in net tangible asset (NTA) backing in June, with a pre-tax decline of 7.19% and a post-tax decrease of 5.12%, attributed to market corrections in the resources sector, particularly in copper, uranium, and precious metals.