Industry

Connecticut Collects $95M in Insurance Industry Fees, Fines and Taxes

Health Insurance /
Hundreds May Have Been Exposed to Rabies in Grand Teton National Park Cabins

For the 2025 fiscal year, the Connecticut Insurance Department (CID) collected more than $95 million in revenue that has boosted the state’s general fund. The revenue included approximately $2.2 million from insurance industry fines and penalties, $44 million from various fees, and $49 million from surplus lines tax payments. The CID said it also helped […]

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This $2 Billion Hedge Fund Led By a Former OpenAI Researcher Is Betting Against All Semiconductor Stocks Except These 2 Industry Giants

Personal Finance /
This $2 Billion Hedge Fund Led By a Former OpenAI Researcher Is Betting Against All Semiconductor Stocks Except These 2 Industry Giants

The long-term potential of these two companies may be underappreciated. Advances in artificial intelligence (AI) have the power to create huge opportunities for some businesses, while completely disrupting others. A company that can’t adapt to the changing environment stands to fall behind or see its products or services made obsolete by tech-driven alternatives. Leopold Aschenbrenner,

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Texas Hemp Industry Breathes Sigh of Relief as Legislators Avoid Ban

Health Insurance /
Texas Hemp Industry Breathes Sigh of Relief as Legislators Avoid Ban

When news broke last Wednesday afternoon of a last-minute push to pass new, stricter regulations for consumable hemp products, the employees at Austin Vape & Smoke sprung into action. Zaquiri Hensen, a manager at the South Austin store, said he alerted his staff and other stores around the city before beginning to contact his legislators,

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WealthManagement.com Celebrates 2025 Industry Awards

Real Estate Buying & Selling /
WealthManagement.com Celebrates 2025 Industry Awards

WealthManagement.com honored the wealth management industry’s most innovative companies and individuals last night at the 11th annual Wealth Management Industry Awards ceremony during a black-tie gala held at Cipriani 42nd Street in New York City. Now in its 11th year, the Wealth Management Industry Awards, known as “The Wealthies,” recognize outstanding achievements by companies, organizations

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Success of AI Music Creators Sparks Debate on Future of Music Industry

Life Insurance /
Success of AI Music Creators Sparks Debate on Future of Music Industry

When pop groups and rock bands practice or perform, they rely on their guitars, keyboards and drumsticks to make music. Oliver McCann, a British AI music creator who goes by the stage name imoliver, fires up his chatbot. McCann’s songs span a range of genres, from indie-pop to electro-soul to country-rap. There’s just one crucial

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Why Reinsurance Industry Often Struggles to Manage Market Cycles

Health Insurance /
Why Reinsurance Industry Often Struggles to Manage Market Cycles

“We must maintain underwriting discipline.” This phrase is arguably the most repeated mantra in the reinsurance industry over the past two years, and you will struggle to find anyone in the market who would disagree with that idea. The reality, however, is that despite best intentions, reinsurance carriers often end up back in the same

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Tech CEOs Urge Young People to Rethink College Degrees Amid Industry Shifts

Investment Tips /
Tech CEOs Urge Young People to Rethink College Degrees Amid Industry Shifts

Key Takeaways Tech executives like Palantir CEO Alex Karp have said they don’t care if or where employees went to college—work performance matters more. Apple CEO Tim Cook has said a four-year degree isn’t required to work at Apple. Tech has seen a number of college dropouts make billions, like Bill Gates, Steve Jobs, and

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