Banking &amp; Financial Services News on Business Daily

The Insurance Information Institute (Triple-I) released an analysis on July 14, 2025, highlighting the challenges facing Texas' property and casualty insurance market.

Banking & Financial Services

Bank impersonation scams target businesses: how you can stay protected

Recently, two commercial clients in different states fell victim to a fraudulent scheme that resulted in financial losses.

Banking & Financial Services

Insurance industry outlook shows strength in personal auto amid general liability pressure

The U.S. property/casualty (P/C) insurance industry started 2025 with mixed prospects, according to a report from the Insurance Information Institute (Triple-I) and Milliman.

Banking & Financial Services

Employee benefits affected by One Big Beautiful Bill Act

Swiftly signed into law on July 4, 2025, by President Trump, the "One Big Beautiful Bill Act" (OBBB) has been enacted after passing through Congress.

Banking & Financial Services

Logistics firm faces $101 million verdict after minor collision

In a case that began as a minor traffic incident, a logistics company driver found himself at the center of significant legal proceedings, culminating in one of the largest financial awards in recent history.

Banking & Financial Services

Surety bonds: A vital tool in construction risk management

Managing risk is essential for the successful completion of construction projects.

Banking & Financial Services

Morgan Stanley closes first standalone VC fund with over $280 million

By Business Daily | Jul 12, 2025

Morgan Stanley Private Equity Solutions, part of Morgan Stanley Investment Management (MSIM), has announced the final closing of its first standalone venture capital investment vehicle, North Haven Venture Capital Opportunities Fund I (VCO I).

Banking & Financial Services

SageSure closes $100 million catastrophe bond with Auros

By Business Daily | Jul 11, 2025

SageSure, a major managing general underwriter focused on catastrophe-exposed markets, and its partners Auros Reciprocal Insurance Exchange and Elevate Reciprocal Exchange have announced the closure of a $100 million Gateway Re Series 2025-3...

Banking & Financial Services

Flood insurance advice amid Texas Hill Country flooding

By Business Daily | Jul 10, 2025

A recent statement from the Insurance Information Institute (Triple-I) highlights a common misconception about flood damage coverage.

Banking & Financial Services

CEO of Ripple in Senate hearing: 'I urge you to prioritize the passage of market structure legislation for digital assets'

Brad Garlinghouse, CEO of Ripple, said that advancing digital asset legislation will enhance U.S. competitiveness and improve efficiencies in financial transactions.

Banking & Financial Services

Carlyle Group to announce Q2 financial results with conference call on August 6

The Carlyle Group Inc. has announced plans to release its financial results for the second quarter of 2025 on August 6, 2025.

Banking & Financial Services

Victor Insurance appoints Mark Damico as president of Torrent Technologies

Victor Insurance has announced the appointment of Mark Damico as President and Chief Operating Officer of Torrent Technologies, effective July 31, 2025. Mr. Damico will take over from Kevin Tobin, who is retiring after more than 35 years in the...

Banking & Financial Services

AssuredPartners advises on hurricane & wildfire planning strategies

As hurricane and wildfire seasons approach, businesses in the United States are facing increased threats to their operations and financial stability.

Banking & Financial Services

Morgan Stanley survey links financial plans to improved confidence amid market uncertainty

Morgan Stanley Wealth Management has released findings from its recent study on financial planning, emphasizing the importance of having a professional financial plan.

Banking & Financial Services

Carlyle backs TPG's acquisition of Sabre's hospitality unit with $400 million financing

Global investment firm Carlyle has announced a $400 million financing through its Global Credit platform to support TPG's acquisition of Sabre Corporation’s Hospitality Solutions business.

Banking & Financial Services

Morgan Stanley agrees to sell Red Oak power facility

Morgan Stanley Investment Management, through its Morgan Stanley Infrastructure Partners (MSIP) platform, has announced an agreement to sell its stake in TigerGenCo Red Oak Holdings, LLC.

Banking & Financial Services

Texas leads U.S. in safe driving; Boston ranks highest for collisions

The 2025 Allstate America’s Best Drivers Report has been released, highlighting the safest and riskiest driving cities in the United States.

Banking & Financial Services

Session explores strategies for managing rising pharmacy costs

As employers seek to manage increasing pharmacy costs while maintaining quality care, a session will delve into strategic, pharmacy-focused approaches that leverage data for smarter, outcome-based decisions.

Banking & Financial Services

Court vacates majority of HIPAA reproductive health care privacy rule