The first half of 2022 concluded with a normalization in serious delinquency rates to pre-pandemic levels for most credit products as lenders continued to expand access to credit cards and personal loans. Consumers are facing several challenges that are impacting their finances on a day-to-day basis, namely high inflation and rising interest rates.
The American Association of Insurance Services and the Linux Foundation welcome Jefferson Braswell as the new Executive Director of the openIDL Project. AAIS is excited about the expansion of openIDL in the insurance space and the addition of Jefferson as Executive Director signals even more strength and momentum to the fast-developing project, said Ed Kelly, AAIS Executive Director.
Trean Insurance Group, Inc. (TIG), a leading provider of products and services to the specialty insurance market, and Beat Capital Partners Americas, a long duration investor specializing in the insurance industry, are pleased to announce a partnership in the surplus lines insurance market.
According to Freddie Mac, rising mortgage rates and house price appreciation will continue driving a slowdown in the single-family purchase market. The Federal Reserves action to help manage inflation has created significant volatility in mortgage rates and, by extension, the housing market, said Sam Khater, Freddie Macs Chief Economist.
Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced it has acquired Bonds, Inc., a specialist in surety bonds focused on the construction industry. Terms of the deal were not announced. Located in Hunt Valley, Maryland, Bonds, Inc. was founded in 1996 by its current President Michael Shaver.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required