CNBC unveils its 15th annual America’s Top States for Business ranking, scoring all 50 states on 88 measures of competitiveness across 10 broad categories.
AM Best has withdrawn its financial strength rating for Capacity Insurance, a commercial insurer in Florida, and the company has decided to withdraw from the FL market.
Turbulence in FL, along with retirement, mergers, acquisitions and more people working from home, has made for an insurance environment unlike any other.
These states have already this year experienced three separate disasters that have each caused over a billion dollars in damage, a portion of nine such disasters across the United States this year.
Events in 2022 have altered business leaders’ perceptions of risk - a recently released report shares top geopolitical risks that businesses are currently facing.
Saying the property-insurance market “remains in crisis,” the state asked a federal judge to toss out a challenge to a law that places restrictions on roofers.
The operator of Texas’s power grid has called on state residents for the second time this year to conserve energy, warning of potential rolling blackouts.