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Update: CoStar Group Withdraws Bid to Buy CoreLogic
Commercial real estate information provider CoStar Group said it had withdrawn its bid to buy CoreLogic after the U.S. property analytics company rebuffed its sweetened buyout offer of more than $7 billion earlier on Thursday. In February, CoreLogic had agreed …
POSTED MARCH 04, 2021 11:55 PM |
Kentucky Inundated by Floodwaters After Heavy Rains
Kentucky’s governor toured parts of his state hard by heavy rains Tuesday and pledged to seek federal assistance after massive flooding inundated several areas. Gov. Andy Beshear said “parts of cities are underwater in eastern Kentucky” and Kentucky National Guard …
POSTED MARCH 04, 2021 5:51 PM |
Hub Acquires Assets of Ohio’s Benefit Strategies Agency
Chicago-based global insurance brokerage, Hub International Limited (Hub), has acquired the assets of Benefit Strategies Agency LLC and Financial Strategies Agency LLC (collectively, Benefit Strategies Agency), headquartered in Findlay, Ohio. Terms of the transaction were not disclosed. Benefit Strategies Agency …
POSTED MARCH 04, 2021 5:09 PM |
Virus Limits for Businesses, Nursing Homes Eased in Michigan
Gov. Gretchen Whitmer has announced the further loosening of Michigan’s coronavirus restrictions, easing capacity limits in restaurants and a host of other businesses while also allowing for larger indoor and outdoor gatherings. The revised state health department order will take …
POSTED MARCH 04, 2021 5:08 PM |
CoreLogic Tells CoStar Its Buyout Offer Needs Improvement
U.S. property data and analytics company CoreLogic Inc. rebuffed peer CoStar Group Inc.’s sweetened buyout offer, saying it required improvement in terms of value. Earlier this week, CoStar raised its offer to buy CoreLogic by adding another $450 million to …
POSTED MARCH 04, 2021 4:04 PM |
Brandon to Succeed Hicks as CEO at Alleghany at Year End
Alleghany Corp. has triggered a changing of the guard, with a new chief executive officer slated to take over at the end of 2021. Current CEO Weston Hicks will retire as CEO and as a director of property/casualty insurance and …
POSTED MARCH 04, 2021 3:00 PM |
Global Power Grids Are Becoming Increasingly Vulnerable to Cyber Attacks
More than five years after massive cyber attacks left a quarter of a million Ukrainians without electricity, the world’s power grids have become even more vulnerable to hackers. As utilities turn to varying sources of renewable energy and add millions …
POSTED MARCH 04, 2021 2:52 PM |
Two Dead After Getting Struck at Boston Construction Site
Two people died when they were struck by a truck at a construction site in Boston on Wednesday, officials said. The workers were struck on High Street in the city’s Financial District just after 8 a.m., interim police Commissioner Gregory …
POSTED MARCH 04, 2021 2:16 PM |
McGowan Acquires Couch Braunsdorf Insurance Group’s Wholesale Division
The McGowan Companies, based in Fairview Park, Ohio, has acquired the assets of the wholesale division of Liberty Corner, N.J.-headquartered Couch Braunsdorf Insurance Group Inc. (CBIG), effective February 1, 2021. CBIG’s wholesale division will be re-branded under the McGowan brand. …
POSTED MARCH 04, 2021 2:13 PM |
Additional Charges Brought Against Two Massachusetts Men in Fraud Scheme
A federal grand jury in Worcester, Massachusetts, brought additional charges against two men in connection with their involvement in an employment tax and mail fraud scheme. Juliano Fernandes, 39, of Clinton, Massachusetts, and Anderson Dos Santos, 36, of Fitchburg, Massachusetts, …
POSTED MARCH 04, 2021 2:08 PM |
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