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AM Best to Host Briefing on State of Florida Property Insurance Market
AM Best to Host Briefing on State of Florida Property Insurance Market

Yahoo

time13-05-2025

  • Business
  • Yahoo

AM Best to Host Briefing on State of Florida Property Insurance Market

OLDWICK, N.J., May 13, 2025--(BUSINESS WIRE)--AM Best will host a complimentary market briefing on the state of Florida's property/casualty market ahead of the start of hurricane season, on Wednesday, May 28, 2025, at 1:00 p.m. ET. During the event, "AM Best's Briefing - The State of Florida Property Market," a panel of AM Best analytical staff and other industry experts will assess the current dynamics in the state's property market ahead of what is predicted to be an active hurricane season. Topics to be discussed include: Critical issues including profitability, increased competition, the current rate environment and Citizens' depopulation Program; Market dynamics following recent legislative reforms; Insurance pricing and availability; June 1 reinsurance renewals; Current trends in litigation and where they are heading; and Proposed plans for further tort reform. AM Best Senior Associate Editor John Weber will moderate the panel and be joined by the following: Randy Fuller, managing director, Florida practice lead, Guy Carpenter; Fred E. Karlinsky, shareholder, Greenberg Traurig; and Josie Novak, senior financial analyst, AM Best. To register for the complimentary one-hour briefing, please visit Attendees can submit questions during registration or by emailing conferenceinformation@ The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event. 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 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Orange City's RAGBRAI committee holds town hall meeting
Orange City's RAGBRAI committee holds town hall meeting

Yahoo

time17-04-2025

  • Entertainment
  • Yahoo

Orange City's RAGBRAI committee holds town hall meeting

Editor's Note: There was an error in the theme name for Orange City RAGBRAI overnight stop and that has since been fixed. We regret the error. ORANGE CITY, Iowa (KCAU) — A town hall was held Wednesday night for the first overnight stop on this year's RAGBRAI route. Orange City's RAGBRAI committee held the meeting at city hall. The publicity committee revealed the logo, which is three tulips with the theme 'Take Off from Tulip Town' above it. Additionally, the entertainment committee revealed the entertainment for the stop, including Above the Covers and 90s Rockshow. Officials say it's been eight years since RAGBRAI had Orange City as an overnight stop. 'It means a lot. It's a great way for us to show our town off,' committee co-chair John Weber said. 'We're proud of our town, proud of our Dutch heritage. It's a way for us to show that to people from all 50 states and from around the world, quite frankly. So we're excited to show them our hospitality and our beautiful town.' Siouxland Splash's opening pushed back by several weeks The Orange City Chamber of Commerce says they're making some changes to improve the experience for residents and riders from the last time they were an overnight stop. 'We heard from them that a lot of things went good, but there's a few things that we can make a little easier,' executive director Mike Hofman said. 'Just like, better communication with riders as they lead up to showing up in town, and then on the riders' side, just better communication about how to get around Orange City. You know, a lot has changed in the age of cell phones and digital atmosphere since 2017.' The bike ride across Iowa starts on July 19 in Orange City and ends on July 26 in Guttenberg. There are two other overnight stops in northwest Iowa: Milford and Estherville. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Prep sports roundup: Cypress takes over first place in Crestview League
Prep sports roundup: Cypress takes over first place in Crestview League

Yahoo

time17-04-2025

  • Sport
  • Yahoo

Prep sports roundup: Cypress takes over first place in Crestview League

Prep sports roundup: Cypress takes over first place in Crestview League Cypress baseball coach John Weber. (Eric Sondheimer / Los Angeles Times) Cypress has had one of the toughest nonleague baseball schedules this season, with games against Harvard-Westlake, Sierra Canyon, JSerra, Loyola, Bishop Amat and Aquinas. It has helped prepare the Centurions for their weekly battles in the competitive Crestview League. On Wednesday, they took over sole possession of first place with a 5-3 win over Foothill that featured a three-run home run from Paul Dominguez off Foothill ace Gavin Lauridsen in the first inning. Advertisement Cypress is 13-9 overall and 5-2 in league play. Foothill is 15-7 and 4-3. Oaks Christian 12, Westlake 5: Quentin Young hit two home runs, giving him 12 on the season, and brothers Ryan and Carson Sheffer also homered to power Oaks Christian to the Marmonte League win. Westlake was unable to rally in the bottom of the seventh, ending a streak of six straight home games in which the Warriors won on walk-offs in their final at bat. Sebastien Ajemian was the relief pitcher to stop the Warriors in the seventh. St. John Bosco 7, Servite 0: The Braves (15-4) continue to thrive in the Trinity League. Gavin Cervantes threw six scoreless innings, Noah Everly hit a grand slam and Jack Champlin had a two-run double. Advertisement Huntington Beach 8, Los Alamitos 1: Jake Grindlinger allowed no hits in four shutout innings and Trevor Goldenetz finished with three RBIs. Rancho Cucamonga 3, Los Osos 1: Jacob Peyton hit a two-run home run in the eighth inning for the Baseline League victory. Etiwanda 13, Chino Hills 0: Ryan Severns, Jaeden Toki and Derick Kim each had three RBIs. Michael Aleman threw a complete game with five strikeouts. Damien 3, Upland 2: The Spartans won the Baseline League game with two runs in the sixth inning. Simi Valley 2, Bishop Alemany 1: Greg Lopez threw a complete game for Simi Valley. South Hills 7, Los Altos 0: Joseph Moreno threw a no-hitter with 11 strikeouts for South Hills. Advertisement La Mirada 6, Gahr 3: After losing to Gahr in nine innings on Tuesday, the Matadores came back to record a win. Noah Rodriguez had two hits and two RBIs. Vista Murrieta 8, Great Oak 5: RJ Holmes had three hits for Vista Murrieta. Loyola 6, Cathedral 0: Three Loyola pitchers combined for the shutout. Softball Sherman Oaks Notre Dame 14, Harvard-Westlake 4: Freshman Jackie Morales hit a grand slam for the Knights. Sign up for the L.A. Times SoCal high school sports newsletter to get scores, stories and a behind-the-scenes look at what makes prep sports so popular. This story originally appeared in Los Angeles Times.

Three injured in two-vehicle collision Sunday near Paynesville, Minnesota
Three injured in two-vehicle collision Sunday near Paynesville, Minnesota

Yahoo

time14-04-2025

  • Yahoo

Three injured in two-vehicle collision Sunday near Paynesville, Minnesota

Apr. 14---- Three people were transported to the hospital Sunday evening after a two-vehicle crash in Stearns County. According to a news release from the initial investigation showed that a 2008 Dodge Avenger, driven by John Weber, 55, of was driving southbound on County Road 16 and had failed to stop at a posted stop sign when it ran into an eastbound Dodge Durango SUV at the intersection with County Road 130 north of Paynesville. The eastbound vehicle was driven by Lisa Bagley, 67, of Bagley and her passenger, 21-year-old Joyanna Hellen, also from St. Cloud, both suffered injuries in the collision and were transported to CentraCare — Paynesville Hospital for treatment. Weber also suffered injuries and was transported to the Paynesville hospital. The crash around 5:47 p.m. Sunday remains under investigation, according to the release. The Stearns County Sheriff's Office was assisted by Paynesville Police and Fire and the CentraCare — Paynesville Ambulance.

Telecom company Mitel files for bankruptcy to cut $1 bln in debt
Telecom company Mitel files for bankruptcy to cut $1 bln in debt

Reuters

time10-03-2025

  • Business
  • Reuters

Telecom company Mitel files for bankruptcy to cut $1 bln in debt

March 10 (Reuters) - Telecommunications company Mitel Networks Corporation filed for Chapter 11 bankruptcy protection in Texas late Sunday, seeking to complete a restructuring that will eliminate $1.15 billion in debt. Mitel entered bankruptcy with $1.3 billion in debt. The company's debt has hampered its ability to quickly adjust to changing demands as businesses shifted to remote and hybrid work in the wake of the COVID-19 pandemic, according to court documents filed Monday. Before the pandemic, Mitel focused on providing communication services such as voice calls, video conferencing, instant messaging, and email for businesses in an office setting. The pandemic drove a rapid shift to remote work, decreasing demand for in-office solutions and creating a wave of new competition in remote telecommunications services, according to Mitel. Mitel undertook several transactions to compete in the new environment, including a 2023 acquisition of Unify Inc., the telecommunications business of the France-based Atos Group. But Mitel ultimately fell behind other market competitors in driving innovation around video and chat-based collaboration, according to its court filings. Mitel has the support of its lenders for a 'prepackaged' bankruptcy that should be quickly approved in court, and the company intends to fully repay debts owed to its vendors and junior creditors, the company said. The restructuring will also resolve litigation between the company's lenders, some of whom had sued over a 2022 debt refinancing that privileged some lenders over a minority faction that received less-favorable terms. A New York state court ruled in December that the minority lenders' lawsuit should be dismissed, but those lenders had appealed the decision. Mitel, which provides on-premise, cloud, and hybrid telecommunication services to business customers in 146 countries, is owned by private equity firm Searchlight Capital Partners. Searchlight acquired Mitel in 2018 in a transaction in a $2 billion leveraged buyout that left the company with about $1.3 billion in debt. Mitel had about $1 billion in revenue in 2024, and the debt restructuring will allow the company to cut its annual interest costs by $135 million, according to court filings. Mitel was founded in 1972, and it is headquartered in Ottawa, Canada. The case is In re: MLN US HoldCo LLC et al, U.S. Bankruptcy Court for the Southern District of Texas, No. 25-90090 For Mitel: Paul Basta, John Weber, Leslie Lieberman, and Sean Mitchell of Paul Weiss Rifkind Wharton & Garrison LLP

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