Since the Florida Legislature approved reforms to the state’s insurance industry this year, the state Office of Insurance Regulation has given approval for six additional property and casualty insurers to enter the market, Commissioner Michael Yaworsky said Friday. The OIR has responsibility for regulation, compliance and enforcement of statutes related to the business of insurance
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A potential drug offers rare promise in the fight against antibiotic-resistant “superbugs” after it successfully targeted a bacterium that causes life-threatening infections in hospital patients, research has shown. Superbugs have emerged as a leading health
The final size of the Internal Revenue Service’s $80 billion budget boost remains in question but as the agency backfills missing personnel, issuers can expect the coming year to include a heavy dose of IRS audit activity. “My understanding is that there are a lot of agents in training,” said Rich Moore, a tax partner
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Conservative party’s biggest problem, at the start of a year in which the prime minister must call a general election, is one of maladaptation. Or, at least, that’s the biggest problem the party can
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran said two “terrorist attacks” killed more than 100 people near a commander’s grave on Wednesday, according to reports by state media. Two explosions in the southern city of Kerman hit crowds gathering to commemorate
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lex features the FTSE 100 index, or at least its constituents, on an almost daily basis. Awkwardly, it was not always that way. When it was born 40 years ago, the index that would help
Senior Hamas official Saleh al-Arouri knew his days were numbered. “It’s not unusual for the commanders and officers to be martyred,” the militant group’s deputy political leader said last year when asked about Israeli threats to assassinate him. “I think I’ve lived too long.” Beirut-based Arouri on Tuesday became the most senior Hamas casualty of
The Federal Reserve‘s effort to bring down inflation has so far been successful, a rare feat in economic history. The central bank signaled in its latest economic projections that it will cut interest rates in 2024 even with the economy still growing, which would be the sought-after path to a “soft landing,” where inflation returns to the Fed’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In every quarter of the past fiscal year, Apple has reported a decline in sales. It is the company’s longest losing streak in decades. Add to that a dawdling approach to generative artificial intelligence and
Enjoy complimentary access to top ideas and insights — selected by our editors. For those we lost in 2023.AdobeStock They were all part of the municipal bond business. They were underwriters, dealers, lawyers, analysts, insurers, reporters and government officials, but they were friends and colleagues first and foremost. These are the people in the public
Federal Reserve Bank of Richmond President Thomas Barkin said a soft landing for the U.S. economy is looking more likely but hardly certain, reiterating the continued possibility of further tightening. “A soft landing is increasingly conceivable but in no way inevitable,” Barkin, who will vote on policy decisions this year, said in the text of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Eurostar has been rebuked by the UK’s advertising watchdog for “misleading” customers over how many cheap seats were available during a sale. The Advertising Standards Authority on Wednesday said a Eurostar promotional email promising £39
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The EU has added Russia’s Alrosa, the world’s largest diamond-mining company by output and its chief executive Pavel Marinichev to its sanctions list in response to Moscow’s ongoing war in Ukraine. The designation announced
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK gambling group Entain has appointed the head of one of its largest activist investors to its board, weeks after the company’s former chief executive quit following a backlash over a slumping share price. London-listed
A “For Sale” sign sits in front of a new home May 27, 2004 in Miami, Florida. Joe Raedle | Getty Images Mortgage demand ended 2023 on a sour note, despite a sharp drop in mortgage interest rates during December. Total application volume was down 9.4% for the week ended Dec. 29, compared with two
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK grocery price inflation fell at the fastest pace on record in December, according to data from research company Kantar, the latest evidence of a significant retreat in price growth in Britain. Grocery price annual
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US companies have been piling into the market for convertible bonds as they search for ways to keep their interest costs down, in a rare flurry of activity in otherwise subdued corporate fundraising markets. Issuance
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. There is a fair chance that by the time the trees come into leaf in Washington, Frankfurt and London, this decade’s inflation crisis will definitively be over. The eye of the storm has already passed
There will be no fanfare outside the polling booth. Posterity may never know the voter’s name. But early on the morning of January 7, a Bangladeshi will cast the first vote in their country’s fraught national elections and set in motion the most intense and cacophonous 12 months of democracy the world has seen since
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than two-thirds of a UK government fund aimed at unlocking hundreds of thousands of new homes in England remains unspent more than six years after its launch, despite the chronic shortage of housing. The
In this article Follow your favorite stocksCREATE FREE ACCOUNT Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding the “Magnificent Seven” technology stocks to expectations for multiple interest rate cuts this year, Eisman believes