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Bamboo Insurance in Utah Targets $3.24 Billion Valuation in IPO
CVC-backed Bamboo Insurance Services is targeting a valuation of up to $3.24 billion on a fully diluted basis in its U.S. initial public offering, the company revealed in a filing on Monday. The Midvale, Utah-based company’s selling shareholders are seeking …
POSTED SEPTEMBER 14, 2026 2:07 PM |
What If Employer’s Hidden Identity Causes Workers’ Comp Claim to Be Filed Late?
A late-filed workers’ compensation claim can be considered valid where the lateness is due to the identity of the claimant’s employer being concealed from her. The Virginia Workers’ Compensation Commission (VWCC) has upheld a deputy commissioner’s ruling that found an …
POSTED SEPTEMBER 14, 2026 1:56 PM |
Baldwin Group to Go Private After $7.7B Investment Deal
Insurance brokerage The Baldwin Group, Inc. said today it has entered a definitive agreement resulting in becoming a privately held company. An entity formed by Sequence Holdings and DFO Management is to pay an all-cash sum of $7.7 billion to …
POSTED SEPTEMBER 14, 2026 1:31 PM |
Warren Presses Insurance Watchdogs for Answers on Wall Street Influence
US Senator Elizabeth Warren is pressing the National Association of Insurance Commissioners to explain how it’s policing Wall Street firms’ influence over insurers and their bets on private credit, saying a probe of Mark Walter’s businesses raises questions about regulatory …
POSTED SEPTEMBER 14, 2026 1:00 PM |
Mizuho $100M Credit to Radiant World Secured by Allegedly Invalid Invoices: Documents
Mizuho Bank provided some $100 million in credit to Radiant World in June which was secured by invoices that a counterparty to the iron ore trader later said were invalid, according to documents and a source with direct knowledge of …
POSTED SEPTEMBER 14, 2026 12:23 PM |
People Moves: Meskell Joins Keystone From Baldwin as National Brokerage Leader
Insurance broker network Keystone, headquartered in Mechanicsburg, Pennsylvania, appointed Kevin Meskell as national brokerage leader. Meskell will lead Keystone’s national brokerage strategy — deepening the company’s carrier relationships and strengthening the placement capabilities behind every Keystone agency and platform partner. …
POSTED SEPTEMBER 14, 2026 12:00 PM |
Copart to Buy ACV Auctions in $1.9 Billion Deal
Online vehicle auctioneer Copart last Thursday agreed to acquire peer ACV Auctions in an all-cash deal of about $1.9 billion, marking its entry into dealer-to-dealer wholesale remarketing. The acquisition comes as Copart seeks to expand beyond its core auction business …
POSTED SEPTEMBER 14, 2026 11:59 AM |
Global Market AI Momentum Showing Signs of Vulnerability, BIS Says
The AI-linked rally that has seen world stock markets soar over the last two years is showing growing signs of vulnerability, global central bank umbrella body, the Bank for International Settlements, said on Monday. In a new report, the BIS …
POSTED SEPTEMBER 14, 2026 11:55 AM |
How China Is Preparing for the Risk of AI Escaping Human Control
Warnings from researchers at leading U.S. artificial intelligence developer Anthropic that increasingly powerful models could escape human control and even lead to the extinction of the human race have drawn attention in China, where policymakers have been preparing for some …
POSTED SEPTEMBER 14, 2026 11:38 AM |
New Attacks in Hormuz and Saudi Test Nerves as War’s Spread Worsens Oil Disruption
New strikes on Saudi Arabia and on ships in the Gulf tested nerves in the Middle East on Sunday, after an attack on a Saudi oil pipeline and an advance by Yemen’s Houthis threatened to worsen the wartime disruption to …
POSTED SEPTEMBER 14, 2026 10:12 AM |
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