Monthly Archives: <span>August 2024</span>

OneDigital Expands With Acquisition of Elite Insurance in Tennessee

OneDigital, an insurance brokerage, financial services and human resources firm based in Atlanta, has acquired Elite Insurance Solutions, a property-casualty insurance agency in Franklin, Tennessee, the company announced this week. Elite was founded in 2008 by Mike Stansbury and Randy …

Blackouts in Extreme Weather Create Demand for Cleaner Backup Power

Software engineer Kenna Ofoegbu in Houston, Texas tries hard to keep his three kids cool during the summer and that means air conditioning. Yet their house has lost power three times in just the past two and a half months. …

People Moves: Hub Names Smith President of Carolinas Ops

Hub International Ltd., the global insurance broker, has named Tim Smith president and CEO of its operations in the Carolinas. Smith was previously the chief sales officer at Hub International Carolinas and was a Charlotte-area market leader. Before that, he …

Arkansas County to Pay $3M Settlement Over Detainee’s 2021 Death in Jail

FORT SMITH, Ark. (AP) — A county in western Arkansas has approved a $3 million settlement with the family of a man who died from dehydration and malnutrition while being held in a local jail. The Sebastian County Quorum Court …

Vibrant Green Fields Signal a Big US Corn Crop and Weak Prices

Between hail, strong winds, floods and plant disease, US corn crops were put through some tough times this summer. But somehow, the fields of green blanketing America’s heartland have proved to be ever resilient. Those are the findings heading into …

FBI: From Cybercrime to Terrorism, America Faces Many Elevated Threats ‘All at Once’

The country is facing heightened threats from many corners at a time when law enforcement agencies are struggling, FBI Director Christopher Wray said in an exclusive interview, adding that he is “hard pressed to think of a time in my …

Fed’s Powell Says ‘Time Has Come’ to Cut Interest Rates

JACKSON HOLE, Wyoming, Aug 23 (Reuters) – Federal Reserve Chair Jerome Powell said on Friday “the time has come” for the U.S. central bank to cut interest rates as rising risks to the job market left no room for further …

Parent of Risk Strategies and One80 Intermediaries Closes $1 Billion Financing Deal

Accession Risk Management Group, the parent company of specialty insurance brokerages Risk Strategies and One80 Intermediaries, reports it has closed a $1 billion incremental debt raise and refinancing. Accession Risk Management Group is a portfolio company of Kelso & Co., …

Complex Salvage Operations Begin as Last Body Is Recovered From Wrecked Superyacht

Italian divers have retrieved the body of British tech magnate Mike Lynch’s18-year-old daughter, Hannah, who was the last person still unaccounted for after the family’s luxury yacht sank this week off Sicily. Seven people, including Lynch himself, died when the …

Tornado-Like Waterspouts Are ‘More Likely’ as the Mediterranean Warms

The type of weather phenomenon that may have led billionaire Mike Lynch’s yacht to sink in the Mediterranean this week is now more likely to happen as global warming has raised sea temperatures, according to climate experts. The tech tycoon’s …