Monthly Archives: <span>July 2020</span>

Hurricane Isaias On Track Towards Florida, Southeast Coast

Heavy rains from Hurricane Isaias could hit Florida late Friday night before the owerful storm moves up the east coast into early next week, the U.S. National Hurricane Center (NHC) said in its latest advisory. The hurricane, packing maximum sustained …

Monsoon Arrival in Arizona Means End of Fire Restrictions

Fire restrictions within some state land are being lifted because of recent monsoon rain across the northern and southern sections of Arizona. Officials with the Arizona Department of Forestry and Fire Management said restrictions will be lifted by Friday on …

The Hartford Achieves Q2 Profit; Next Up Is Cutting Jobs, Investing in IT to Trim Expenses

The Hartford emerged from the second quarter’s COVID-19 related challenges with an overall profit and a plan to reduce expenses through “headcount reductions,” information technology investments and other moves. The insurer is calling its expense reduction move Hartford Next and …

Texas Gas Pipeline Erupts After Being Cut by Contractor

A natural gas pipeline erupted in flames near Houston after it was accidentally cut Wednesday afternoon by a contractor, officials said. The accident happened about 4:45 p.m. in the town of Mont Belvieu, about 30 miles east of Houston. No …

Hawaii’s Governor Wants Tighter Rules After Virus Surge

Hawaii Gov. David Ige said he wants to reimpose some limits on gatherings and bars to control the spread of the coronavirus as the state reported a record 109 new cases of the disease. The governor said he agrees with …

Magnitude 4.2 Earthquake Confirmed in Los Angeles, But No Damage

A magnitude 4.2 earthquake shook the Los Angeles region before dawn Thursday the U.S. Geological Survey confirmed, but no significant damage was reported. The 4:29 a.m. jolt was centered in the northern San Fernando Valley and occurred at a depth …

Italian Insurer Cattolica Paves Way for Tie-Up with Generali

Shareholders in Italian cooperative insurer Cattolica Assicurazioni approved its conversion into a joint-stock company on Friday, paving the way to a tie-up with Generali to boost its capital position. Generali last month agreed to buy 24.4% of Cattolica and signed …

Insurers’ $158 Billion CLO Bet Is Putting the Industry at Risk

They’ve been billed as a solution to the rock-bottom interest rates weighing down the returns of America’s asset managers. Collateralized loan obligations — which package and sell leveraged loans into chunks of varying risk and return — promise safety and …

7 months

Seven months. You turned around today to realize that the year is Seven months old. Your plan for 2020 is Seven months old. Your expectations for 2020 are Seven months old. It’s time to take all of your plans and …

China-Backed Hackers ‘Targeted’ COVID-19 Vaccine Firm Moderna, Reuters Reports

Chinese government-linked hackers targeted biotech company Moderna Inc., a U.S.-based coronavirus vaccine research developer, this year in a bid to steal data, according to a U.S. security official tracking Chinese hacking. China on Friday rejected the accusation that hackers linked …