Chicago Mayor Brandon Johnson's proposal to borrow $830 million for infrastructure repairs has not only raised eyebrows but has also sparked a fierce political debate regarding the city's fiscal prudence. The plan aims to tackle Chicago's dilapidated streets, sidewalks, and bridges,
In a noteworthy development for the reinsurance landscape, AM Best recently affirmed the Credit Ratings for Ocean International Reinsurance Company Limited (Ocean Re). This affirmation maintained Ocean Re’s Financial Strength Rating at A- (Excellent) and its Long-Term Issuer Credit Rating at &
The core banking software industry stands at a pivotal juncture, witnessing significant transformations driven by the advent of artificial intelligence (AI). Since the dawn of digital banking, there has been a quest for an ideal technology platform that is open, cloud-native, intelligent, scalable,
In today's fast-paced world, financial stability can often seem elusive, especially for those battling poor credit scores. Traditional financial institutions tend to impose stringent eligibility criteria, effectively shutting the door on individuals who lack pristine credit histories. This can
Middle-market firms are often caught in a balancing act, striving to maintain stable operations while staying ahead of the myriad risks that threaten their continuity. Despite their best efforts, many feel underprepared for critical threats and a significant number lack confidence in their current
In the fourth quarter of 2024, Louisiana-Pacific Corporation (LP) demonstrated robust financial performance despite mixed results across its business segments. The fourth quarter saw LP's Siding segment experience a notable 9% increase in net sales, reaching $362 million, while the Oriented
