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Richard Li’s FWD Rises in HK Debut, Reversing Earlier Drop

by lpiccitto | Jul 7, 2025 | Uncategorized

Billionaire Richard Li’s FWD Group Holdings Ltd. rose in its Hong Kong trading debut, reversing earlier declines, after an initial public offering that raised HK$3.5 billion ($442 million). The insurer’s stock climbed 1.1% to HK$38.40 on Monday, reversing a drop...

Tax Increase on Litigation Funders Does Not Make Final Budget Bill

by lpiccitto | Jul 7, 2025 | Uncategorized

When Trump’s huge tax bill was signed into law July 4, missing were changes to the taxes third-party litigation funders pay. Once included within the One Big Beautiful Bill (OBBB) was language to tax earnings by litigation funders at a …

CRC Group Agrees to Acquire Lloyd’s Managing Agency Atrium Underwriting Group

by lpiccitto | Jul 7, 2025 | Uncategorized

CRC Group, the Charlotte, North Carolina-based wholesale specialty insurance distributor, has entered a definitive agreement to acquire Lloyd’s managing agency Atrium Underwriting Group Ltd. from investment funds managed by Stone Point Capital LLC and other investors....

People Moves: MEMIC Hires Ennis and Promotes Lagasse

by lpiccitto | Jul 7, 2025 | Uncategorized

The MEMIC Group, headquartered in Portland, Maine, promoted Karl Lagasse to vice president of business technology and hired Jason Ennis as director of architecture and innovation. Lagasse oversees the project management, software engineering, and quality assurance...

ICE Raids Derail Los Angeles Economy as Workers Go into Hiding

by lpiccitto | Jul 7, 2025 | Uncategorized

Los Angeles was already struggling to revive its fragile economy after the most destructive wildfires in its history erupted six months ago. Now, immigration raids are driving workers crucial to the rebuilding into the shadows. Framers and landscapers are abandoning...

A Look at Some of the Deadliest Floods in the US in the Last 25 Years

by lpiccitto | Jul 7, 2025 | Uncategorized

Flooding has caused an average of more than 125 deaths per year in the United States over the past few decades, according to the National Weather Service, and flash floods are the nation’s top storm-related killer. Here’s a look at …
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