Business Daily Reports News
By Business Daily | Mar 18, 2024
JPMorgan Chase has announced a partnership with the Academy Museum of Motion Pictures. As a result of the partnership, the financial institution, headquartered in New York City, will sponsor select temporary exhibitions, the museum's regular feature, and community related events.
By Janette Ciborowski | Mar 18, 2024
New Catalog of NVIDIA NIM and GPU-Accelerated Microservices for Biology, Chemistry, Imaging and Healthcare Data Runs in Every NVIDIA DGX Cloud
By Business Daily | Mar 18, 2024
WASHINGTON, DC (March 18, 2024) – Even though many eclipse enthusiasts have had April 8, 2024 marked on their calendars for years, there are some people who are just now deciding they want to experience this natural phenomenon in person. If this is you, it’s not too late.According to AAA booking data, Dallas, Austin, and San Antonio are the most popular cities along the path of totality for the upcoming eclipse on April 8, 2024. Indianapolis, Cleveland, and Buffalo are also top eclipse-viewing destinations, with Dallas experiencing a significant increase in reservations...
By Business Daily | Mar 15, 2024
Property and casualty insurers doing business in California will be able to expand their use of catastrophe modeling under a new proposal from the state regulator. The California Department of Insurance is proposing that insurers be permitted to use catastrophe models that include wildfire, terrorism, and flood lines for both homeowners and commercial insurance lines.The proposal, which is the second element of the regulator's Sustainable Insurance Strategy introduced by Insurance Commissioner Ricardo Lara, aims to revise what can be included in catastrophe modeling. This...
By Business Daily | Mar 15, 2024
Amidst persisting volatility in capital markets, insurers in the Asia-Pacific region are facing uncertainties over earnings, prompting them to actively manage their investments. According to S&P Global Ratings analysts, 98% of rated insurers in Asia-Pacific have a stable outlook, but the ongoing market fluctuations are impacting profitability.Lead analyst Wenwen Chen highlighted that insurers in the region are reassessing risk-return balances and becoming more selective due to credit stresses, particularly in real estate and alternative investments. Chen also noted that...
By Business Daily | Mar 15, 2024
Shares of Heritage Insurance Holdings and American Coastal Insurance Corp., two Florida-based homeowners' insurers, have experienced significant increases in their stock prices as a result of strategic shifts and favorable weather conditions. Heritage Insurance Holdings' share price has surged by 115.9% to $7.86, while American Coastal Insurance Corp. has seen a remarkable 438.1% increase to $10.60.Heritage Insurance Holdings announced a strategic focus on commercial lines and the excess and surplus market, leading to its stock price rise. Similarly, American Coastal...
By JJ Cranford - Eben Kaplan | Mar 15, 2024
CrowdStrike launches new services to help public companies prepare for, and comply with, the SEC’s new regulations and take on the evolving responsibilities associated with them.
By Business Daily | Mar 14, 2024
Japanese life insurers Dai-ichi Life Holdings Inc., T&D Holdings Inc., and Japan Post Insurance Co. Ltd. are all making significant progress towards achieving their annual profit forecasts for the fiscal year ending March 30, 2024.Dai-ichi Life Holdings Inc. reported a remarkable 42.1% year-over-year growth in net income, attributing the increase to various positive factors. The company stated, "The improvement in T&D Holdings' nine-month profit was largely due to a 'reactionary decline' in large temporary valuation losses related to Fortitude, a foreign reinsurance...
By Business Daily | Mar 14, 2024
In a celebration of excellence at the CIAA Basketball Tournament, the Lincoln University Lions and Fayetteville State Lady Broncos emerged victorious, claiming their championship titles in Baltimore. The tournament, steeped in tradition and history, goes beyond the court, fostering a sense of community and nostalgia among attendees.The Central Intercollegiate Athletic Association (CIAA), established in 1912 as America’s oldest historically Black athletic conference, showcases 14 annual championships, including the prestigious basketball tournament. Drawing in 190,000 fans...
By Business Daily | Mar 14, 2024
ORLANDO, Fla. (Mar. 14, 2024) – AAA's latest survey reveals that a significant portion of U.S. drivers harbor apprehension towards fully self-driving vehicles, with 66% expressing fear and 25% feeling uncertain. This sentiment has remained consistent, indicating a persistent unease within the public despite advancements in autonomous technologies.The survey also highlights a contrasting trend, as interest in advanced driver assistance systems (ADAS) remains robust among consumers. AAA found that a majority of U.S. drivers are keen on features like Reverse Automatic...
By Business Daily | Mar 14, 2024
WASHINGTON, D.C. (March 14, 2024)—The national average for a gallon of gas has been rising leisurely since last week, moving a mere two cents higher to $3.41. However, with the cost of oil crossing the $80 per barrel mark and gas demand popping with warmer temps and better weather, change may be coming to the pump. Another critical factor is the arrival of more expensive summer blend gas, which tends to increase pump prices by 10 to 15 cents."This is the time of year we normally see pump prices start to rise," said Andrew Gross, AAA spokesperson. "And while prices have...
By Business Daily | Mar 14, 2024
State insurance regulators are willing to work with the federal government but continue to maintain that they are best positioned to oversee the industry. The National Association of Insurance Commissioners (NAIC) is prioritizing mitigation to deal with the impacts of a changing climate. Insurers must be ethical and transparent in how they utilize artificial intelligence so as to not perpetuate bias.Connecticut Insurance Commissioner Andrew Mais, in his capacity as both president of the NAIC and a state regulator, discussed various pressing issues including the role of...
By Business Daily | Mar 14, 2024
State Farm President Jon Farney has been selected as the company’s next Chief Executive Officer by the State Farm Mutual Board of Directors. Farney will formally begin his role on June 1. The announcement was shared by Chairman and retiring CEO Michael Tipsord, who expressed his confidence in Farney's abilities. Tipsord stated, “Jon and I have worked together for many years. I’ve seen how much he cares about State Farm, how much he cares about the people at State Farm, how he solves problems, and how focused he is on taking care of our customers.”Farney, who joined State...
By Business Daily | Mar 14, 2024
Nationwide has appointed George Williams to lead its Small Market Commercial Lines business. Williams, who previously served as the company's chief operating officer for commercial lines, excess & surplus, and specialty, brings over two decades of industry experience to the role.Russ Johnston, Nationwide's president of Commercial Lines, Excess & Surplus, Specialty, expressed confidence in Williams, stating, "Leading a small commercial platform requires a combination of underwriting, technology, operational excellence and customer focus. George has a proven background in...
By Business Daily | Mar 14, 2024
Mutual of Omaha Insurance Co. has announced its plans to explore the formation of a mutual insurance holding company (MIHC), as confirmed in its 2023 annual statement. The company stated that it is undertaking this exploration to fully understand the structure's requirements and potential consequences, without establishing a specific timeline for the process.The potential MIHC formation would enable Mutual of Omaha to maintain its policyholder ownership structure while enhancing its access to external sources of capital. This move reflects the company's strategic...
By Business Daily | Mar 14, 2024
NEW YORK, March 14, 2024—California’s regulatory restrictions on insurance pricing and underwriting, along with the need for more mitigation efforts, are significantly impacting the insurance industry in the state, as highlighted in the Insurance Information Institute’s (Triple-I) latest Issues Brief.The report, titled Trends and Insights: California’s Risk Crisis, discusses how Proposition 103 and its regulatory implementations are hindering insurers from adapting to the evolving risk landscape in California. Sean Kevelighan, CEO of the Triple-I, emphasized the need for...
By Business Daily | Mar 14, 2024
In light of Pet Prevention Poison Month, Nationwide is urging pet owners to be vigilant about their furry companions' safety. The initiative comes after a family experienced a worrisome incident involving a plant that led to a costly visit to the veterinarian.Nationwide advises pet parents to take preventive measures to avoid such situations. They recommend visiting Nationwide's PetHealthZone for tips on pet safety and what to do if a pet ingests something harmful. Additionally, Nationwide offers its members access to veterinary professionals around the clock through the...
By Meta | Mar 14, 2024
The Gaming industry is among India’s rising sectors growing rapidly on the back of digital technologies.
By Business Daily | Mar 13, 2024
Wells Fargo & Company recently announced an expansion to its Autograph rewards cards with the introduction of the Wells Fargo Autograph Journey Visa card. This new addition is designed for frequent travelers, offering accelerated rewards in popular travel categories.
By Apple | Mar 13, 2024
Suppliers will support new nature-based carbon removal projects alongside Apple, as the fund’s initial phase is underway