States introduce changes to promote legacy deals for insurance sector

Andreas Milano

Mergers and acquisitions among ongoing insurance sector companies are triggering more interest in runoff transactions to seal off old liabilities, and the trend has been boosted by legislation in various states seeking to simplify the process. 

Legislation passed in 2018 in Oklahoma led to the first transaction being approved in the state last year and several other states have either enacted or are considering enacting similar laws. 

Oklahoma’s Insurance Business Transfer Act provides a mechanism “for insurers to absolutely transfer blocks of insurance business to another insurance company,” according to the Oklahoma Insurance Department.

The law allows for insurers to

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What Is Chainlink and Why Is It Important in the World of Cryptocurrency?

Andreas Milano

gopixa / iStock.com

Blockchain has seen a staggering rise in popularity since Bitcoin, the first cryptocurrency, launched in 2010. Blockchain has a number of advantages, including decentralization and security. The demand for a decentralized currency has catapulted Bitcoin and other cryptocurrencies to worldwide popularity.

Read: Bitcoin Cash (BCH): How’s It Differ From Bitcoin and What’s It Worth?

But blockchain has its limitations. These systems are inherently closed off from the rest of the world, which is good for security and integrity but also limits the input data they can accept.

Thus, there is a need for a sort of bridge

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3 Simple Profitable Business Ideas for Gen Z

Andreas Milano

The digital age is introducing “ordinary people” to a reality beyond their belief. Now could be your time to capitalize on it. Here are a few ideas to turn the time you spend on social media into commas in your bank account:

Social Media Management

If you’re a “typical” Gen Z, you probably spend just as much time roaming around Instagram and TikTok as you do sleeping. Why not turn that time into money?

Thousands of business owners are trying to keep up with the digital age, wanting to post on booming platforms like TikTok and Instagram, but they simply

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Top 10 Hottest Construction Stories This Week: City of Phoenix Test Drives RAP

Andreas Milano

10. Service, Prefabrication and Technology Will Change Construction in 2021

Construction can no longer stand still: a post-COVID industry outlook for the engineering, construction and infrastructure sector

@Vitalii, adobe.stock.com9. Republicans: Infrastructure Bill Means Funding for Roads, Bridges; Not Climate Change or Social Justice

Congressional Republicans are pushing back against the Biden’s ambitious infrastructure proposal, warning that any plan that strays from core transportation priorities to one that tackles climate change and social justice won’t get GOP support

 

Cu 2infrastruct Bills Matt Evans Facebook@Matt Evans, Facebook8. First Infrastructure Bill to Address Roads, Bridges; Second to Focus on Social Issues

White House confirms that the

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Coinbase gets all-clear from SEC, setting stage for landmark crypto listing

Andreas Milano

TipRanks

2 “Strong Buy” Stocks Insiders Are Snapping Up

One strategy for selecting top stocks is to track insider transactions. After all, if insiders are dipping into their own pockets you can imagine it’s because they believe the stock looks compelling. A Harvard study revealed that insider purchases earn “abnormal” returns of more than 6% per year. The authors of the study conclude that insider buyers “have a good feel for near-term developments within their firm.” The advantage of following these insiders isn’t just that they are privy to data which the rest of us don’t necessarily know – it’s

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Texas Gov. Greg Abbott names construction industry lobbyist to Public Utility Commission

Andreas Milano

Updated at 7:13 p.m.: to include Texas Association of Business chief executive Glenn Hamer’s reaction.

AUSTIN — Gov. Greg Abbott on Thursday named to the embattled Public Utility Commission of Texas a construction industry lobbyist with strong ties to the GOP-controlled Legislature.

Will McAdams, president of the Associated Builders and Contractors of Texas, will take one of the three vacancies on the three-member PUC.

In the wake of February’s prolonged and devastating arctic blast, the regulatory agency for electricity and telecommunications is struggling to defend its oversight of a nonprofit board that runs the state’s competitive electric marketplace.

The

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