This is the latest milestone in Canopius USA’s quick evolution since Davis joined the firm as president and chief underwriting officer in September 2020. A 30-year insurance veteran and experienced leader in the US specialty insurance industry, Davis was hired with the remit of bringing Canopius’s existing US business units […]
Business
By ALEX VEIGA, AP Business Writer Technology companies led a rally on Wall Street that powered the S&P 500 to an all-time high and gave the index its best weekly gain since February. The S&P 500 rose 1{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, enough to recoup its losses from a day earlier. The benchmark index […]
WASHINGTON — Lawmakers of both parties came out swinging in a hearing on Wednesday with Adam Mosseri, the head of Instagram, expressing deep skepticism and anger toward the company for not doing enough to protect young users. In a hearing held by a Senate subcommittee on consumer protection, lawmakers grilled […]
By JOE McDONALD, AP Business Writer BEIJING (AP) — Asian stock markets followed Wall Street lower Friday as a rally cooled and investors waited for U.S. inflation data that might influence a Federal Reserve decision on when to roll back economic stimulus. Shanghai, Tokyo, Hong Kong and Sydney retreated. Wall […]
A failing restaurateur who conspired with members of his family to burn down his Hudson Valley business as part of an insurance fraud scheme is facing a host of charges, authorities announced. Orange County resident Zef Gjurashaj, age 59, of Newburgh, and his nephew’s wife, Yonkers resident Marina Gjurashaj, age […]
SAN JOSE, Calif. — For the six days that Elizabeth Holmes, the founder of the failed blood-testing start-up Theranos, took the stand in her fraud trial, she blamed others, accused a former boyfriend of abusing and controlling her, and reframed her actions as trying to do good for her company. […]