Providence Mutual recently notified state regulators that it is exiting the auto insurance business for both commercial and personal lines in the four states where it currently offers the coverages – Connecticut, Maine, New Hampshire and Rhode Island. The company also said it will be transferring some of the business to Plymouth Rock Assurance in…

The Monetary Policy Committee of the Reserve Bank of India left the policy repo rate unchanged while slashing the CRR rate. While acknowledging the recent slowdown in India’s economic growth, the central bank sounded cautious on inflation. The central bank expects the economic growth to recover in second half of FY25. “Industrial activity is expected…

HOUSTON, Texas – The proposed legislation to ban all forms of consumable tetrahydrocannabinol (THC) in Texas could have significant implications for the state’s cannabis dispensaries and associated businesses. Since the legalization of consumable hemp in 2019, the industry has seen rapid growth, with thousands of shops opening across Texas. Texas Senate to pursue ban on…

Christmas trees are the centerpiece of a holiday celebration. Every year, between 25 and 30 million Christmas trees are sold in the United States, according to the National Christmas Tree Association. On a stroll through one of America's Christmas tree farms, there are several different types you could find, with Fraser firs, Balsam firs and…

GEICO announced the addition 500 new jobs in North Texas in an expansion of its commercial insurance business. Of these positions, 300 will support GEICO’s commercial operations at its Richardson office, which has been designated as a main hub to serve the insurer’s small business customers, joining locations in Katy, Texas, and Fredericksburg, Virginia. The…

A majority of business leaders across G20 nations remain concerned about the risks of economic downturns, labor shortages, and rising inflation, despite some signs of global economic recovery. These findings are from the Executive Opinion Survey conducted by the World Economic Forum (WEF) and released by strategic partners Marsh McLennan and Zurich Insurance…