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Raising Cane's doubles down on San Jose with second location
Community Impact Awards 2025 The Silicon Valley Business Journal wants to recognize the good works of businesses and nonprofits with the annual Community Impact Awards. We are looking for those who have made a significant impact in the Silicon Valley community.
Yahoo
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AM Best Upgrades Credit Ratings of Forge Insurance Company
OLDWICK, N.J., June 11, 2025--(BUSINESS WIRE)--AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to "a-" (Excellent) from "bbb+" (Good) of Forge Insurance Company (Forge) (Bethesda, MD). The outlook of these Credit Ratings (ratings) has been revised to stable from positive. The ratings reflect Forge's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The rating upgrades reflect Forge's continuing improvement in its operating results since its strategic pivot in 2022 to focus on expanding into lower-risk small business segment of the commercial auto business. Forge reported loss ratios that were much lower than its commercial auto peers in 2022 - 2024. Expense ratios, which currently remain elevated, have decreased considerably from prior years, and are projected to decrease further in the coming years as Forge ramps up its premium writings while benefiting from scale and past investment in distribution and technology. The share of small business in Forge's business mix has increased significantly in policy count and premium volume in recent years. The stable outlooks reflect AM Best's expectation that Forge will continue to execute its strategic plans with manageable deviations and the company's underwriting and overall results will continue to improve and stabilize as its business mix gradually moves toward lower-risk vehicle classes in more favorable geographic locations. Further, AM Best expects the company will maintain balance sheet strength in the very strong range over the intermediate term. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Jieqiu Fan Associate Director +1 908 882 1762 Sharon Marks Director +1 908 882 2092 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Sign in to access your portfolio
USA Today
14 hours ago
- USA Today
How much is St. Andrews worth to the Scottish economy? The dollar figure is shocking
How much is St. Andrews worth to the Scottish economy? The dollar figure is shocking Visitors traveling to St. Andrews to play golf are worth the equivalent of hosting three Open Championships in Scotland every year, according to new research. The study by the Sport Industry Research Centre at Sheffield Hallam University found that visitors and their families who come to play the Old Course and six others managed by St. Andrews Links Trust generate about $430 million annually for the Scottish economy. This supports 4,300 full-time jobs across the country. Researchers calculated the amount visitors spent directly on golf in St. Andrews as well as on hotels, restaurants, bars, shops and local travel providers. St. Andrews Links - whose other courses include the New, Jubilee, Castle, Eden, Balgove and Strathtyrum courses - welcomes an average of 2,000 playing visitors every week. Around 72% of those visitors come from overseas, with the USA (40%) and Canada (6%) being the key markets. A further 28% of visits were from the UK, with the remaining 26% coming from elsewhere. Across visitors from all locations, 84% said they were 'likely or very likely' to return in the future. More: Golfweek's Best 2025: The top 50 classic courses in Great Britain and Ireland 'This is the first such study looking solely at the impact of golf in St. Andrews on the town and the wider Scottish economy," said Neil Coulson, chief executive of St. Andrews Links Trust. 'It clearly shows the massive impact on the town and that our visitors are delivering a boost to communities across Scotland each and every year. This impact has probably been undervalued in the past. 'The unique place that St. Andrews holds as the lifeblood and source of the sport means that both golfers and non-golfers want to come here and experience this place for themselves. But this only works if we continue to invest in our facilities and in ensuring we strive for excellence in customer experience.' St. Andrews Links Trust is a charity with all of its revenue reinvested into the sport, facilities and in community initiatives across the region. For every $1 that passes through the tills of St. Andrews Links from visitors, an additional $4.65 is generated for other businesses in the town. "Scotland has a proud reputation as the birthplace of the game and St. Andrews is home to many links courses, not least the Old Course, which are the envy of the world," Scottish Business Minister Richard Lochhead said. "This report hits home the scale of the benefits we all reap from the trust's courses, alongside the broader impact of golf tourism, which boosts the economy by £300 million every year and supports around 5,000 jobs. "I commend the Trust for all it does to sustain and grow the game and I'm looking forward to the return of The Open to St Andrews in 2027, which, backed by Scottish Government funding, will further increase our standing as a first-class host of major events." Of the 283,000 rounds played on the seven St. Andrews Links courses in 2023, 152,000 (54%) were played by visitors to St. Andrews. More than half of visitors combined their St. Andrews Links trip with a visit to another iconic layout in Scotland, the most popular being Kingsbarns (29%), Carnoustie (25%), Dumbarnie (15%) and Crail (14%). Vicki Miller, chief executive of VisitScotland, added: 'This comprehensive study showcases the important role golf plays in Scotland's visitor economy, with St. Andrews standing at the heart of this as a globally recognised asset. 'Scotland continues to be the destination of choice for golfers worldwide, and beyond the course, our renowned hospitality, culture, and heritage offer a truly distinctive and enriching experience for all who visit. We welcome this research, which reinforces Scotland's reputation as a world-leading tourism and events destination.' Professor Simon Shibli, from Sheffield Hallam University, said: 'Economic impact studies tend to look at the effects of one-off major sport events. For St. Andrews Links Trust we have had the opportunity to investigate the economic impact of a permanent year-round golf business. "Using gold standard methods to interview over 2,400 golfers, our research reveals a significant asset to the Scottish economy, which has arguably not been fully appreciated. St. Andrews Links Trust is not only a thriving business in its own right, it is also a catalyst for considerable tourism and employment benefits.'
