Ken Griffin and Stephen Ross, who are among the highest-profile billionaires to move to South Florida during the pandemic, are bankrolling a new campaign to get others to follow in their footsteps. The pair is funding a $10 million drive to convince more executives, investors and founders to move to the region. Their “Ambition Accelerated” push, which includes advertising and outreach comparing Miami and environs with northeastern and western US cities, is poised to kick off late Monday. “Miami and the broader South Florida Gold Coast offer deep talent, regulatory clarity and an extraordinary quality of life,” Griffin, founder of…
Author: Awais
Trump administration officials traveled to Los Angeles this week to outline the president’s plan to override state and local rules and speed up the permitting process for reconstruction of tens of thousands of homes destroyed by last year’s wildfires. Last week the president signed an executive order that the White House promised would allow homeowners to rebuild without contending with “unnecessary, duplicative, or obstructive” requirements. The plan is to allow federal loan recipients to “self-certify” that they meet all state and local building requirements if their permits aren’t approved within 60 days, Related: Trump Putting Zeldin in Charge of Permits…
A New York man has been arrested and charged for allegedly conspiring to use hacked email accounts of legitimate truck-load carriers to book cargo with shippers and selling the items for illicit profit. Forbes was arrested on Feb. 5 in Long Island, N.Y. and will make his initial appearance in the Eastern District of New York. He will appear in federal court in Boston at a later date. U.S. Attorney for Massachusetts Leah B. Foley and Ted E. Docks, Special Agent with the Boston office of the Federal Bureau of Investigation, made the announcement. Cargo Theft Losses Surge There has…
The Trump administration’s move to give deportation officials access to Medicaid data is putting hospitals and states in a bind as they weigh whether to alert immigrant patients that their personal information, including home addresses, could be used in efforts to remove them from the country. Warning patients could deter them from signing up for a program called Emergency Medicaid, through which the government reimburses hospitals for the cost of emergency treatment for immigrants who are ineligible for standard Medicaid coverage. But if hospitals don’t disclose that the patients’ information is shared with federal law enforcement, they might not know…
Private foster care agencies in New York face around 800 lawsuits under the Child Victims Act, according to a survey by the Council of Family and Child Caring Agencies. In nearly 40% of those cases, the insurance policy in place at the time has since been voided, leaving agencies responsible for full settlement costs.
For the secretive billionaire Besnier family, the recent recall of potentially dangerous infant formula made by its nearly century-old firm brings an uncomfortable feeling of deja vu. Just eight years ago, the French clan behind Groupe Lactalis, the world’s biggest dairy company, and its chief executive officer — third-generation scion Emmanuel Besnier — faced another crisis after dozens of infants who consumed formula produced at one of its plants in western France were poisoned by salmonella. Lactalis was criticized for acting too slowly and charged for failing to recall the product, deception and involuntary injuries. The case is ongoing. Now,…
New York football fans may not be happy that neither the Giants nor Bills nor Jets made it to Super Bowl 2026 but there is a reason for them to tune in on Sunday anyway. During the New England Patriots and Seattle Seahawks battle, there will be a. television ad titled BILLS that addresses New Yorkers’ frustrations. The ad is from the Uber-quarterbacked Citizens for Affordable Rates (CAR), which is going on the offense with a “seven-figure statewide television and digital ad campaign” that cheerleads for New York Gov. Kathy Hochul’s re-election and her recent proposals to deflate New Yorkers’…
Doctors and other health care providers are the public’s most trusted source of health information, while trust in government health agencies and officials is much more divided. A large majority of adults express at least “a fair amount” of trust in their doctor for reliable information about health issues, while half say they trust the CDC or FDA and fewer than half express trust in their state government officials, HHS Secretary Robert F. Kennedy, Jr., or President Trump. Partisanship shapes who the public trusts for health information, especially when it comes to Secretary Kennedy and President Trump. Two-thirds of Republicans,…
South Korean firms Samsung Fire & Marine Insurance, Mirae Asset Financial Group and Hyundai Marine & Fire Insurance Co. are in exploratory talks about entering India’s $130 billion insurance market, three Indian sources said. The interest comes as India has opened up its insurance sector to full foreign ownership and follows a surge of large cross-border deals in the financial sector. Korean firms have actively invested in a number of sectors in India, most notably automobiles and electronics. Last year, Hyundai Motors and LG Electronics listed their Indian units on local markets. Read more: India’s GIFT City Attracts Lloyd’s and…
Strong divisional results couldn’t quite close the gap with analyst expectations
Danone is withdrawing batches of infant formula in Austria, Germany and France, the company and an Austrian government food agency said, expanding an industry recall sparked by contamination with the toxin cereulide. Cereulide, which can cause nausea and vomiting, has been detected in ingredients from a supplier in China for several infant formula makers, including Nestle, Danone and Lactalis. The findings have triggered recalls in dozens of countries and raised concerns among parents. In France, Danone said in a statement it was withdrawing certain batches of its Gallia and Bledina brands as a precautionary step following stricter limits on Cereulide…
In the increasingly volatile world of catastrophe risk, the primary hurdle for third-party capital has rarely been the risk itself, but rather the tail; the years-long process of loss adjustment and trapped capital that follows a major event. However, CelsiusPro is making the case that parametric insurance offers a cleaner alternative for institutional investors, according to CEO Mark Rueegg.Unlike traditional insurance, which relies on manual damage assessments, parametric triggers pay out based on objective data points, such as wind speed or rainfall levels. During a recent interview with Artemis, Rueegg explained that the structural advantage for investors lies in the…
Some supertanker operators, nervous about rising US-Iran tensions and potential risks to shipping in the Strait of Hormuz, are speeding their vessels through the chokepoint. Very Large Crude Carriers are traveling around the narrow, congested waterway — through which about a quarter of the world’s seaborne oil trade travels — at as much as 17 knots, ship-tracking data show. About 13 knots is the usual top speed for a fully laden VLCC, which is typically about 330 meters (1,080 feet) long and cumbersome to maneuver. Some operators began the measures after Iran said it would conduct live-firing drills last week,…
The European Union needs to implement comprehensive regulations to manage the growing security risks posed by intelligent vehicles, particularly Chinese cars that are increasingly popular with consumers, according to a think tank. Intelligent cars, typically electric or hybrid vehicles, allow for expansive data to be collected including geospatial and personal data, Warsaw-based Center for Eastern Studies said. That leaves European countries vulnerable to cyberattack and exposed to the risk that information collected by cars can unintentionally reveal sensitive military and economic activities, it said. “The need to put intelligent vehicles on a clear regulatory footing in Europe is becoming urgent,…