A Farmers spokesperson confirmed its exit from Florida to me in a statement on June 12. I spoke with several agents who shared internal memos with the directive: https://t.co/2q5N5MqOan
Hearing rumors @WeAreFarmers might pull out of Florida. If that’s true my office is going to explore every avenue possible for holding them accountable. Don’t get to leave after taking policyholder money. Can’t write auto if you’re not doing homeowners either. Zero communication!
The firm says it expects to onboard $17 billion in assets and more than two dozen advisor groups by the end of the year. Here's the story: https://t.co/LYsNBqPO7t
The new law establishes legal penalties if banks and financial institutions discriminate against customers, including gun manufacturers and the fossil fuel industry.
Way to go! Our client @ubs is featured in today’s @TBBJnewsroom and discusses its strategies for managing wealth in private markets in today’s rapidly shifting economy. Reporter @chrisgeorge___ has the story.
https://t.co/BRUUR2DzTt #FinancialPlanning#WealthManagement
UPC Insurance is likely headed toward insolvency following estimates that place total Hurricane Ian losses for the St. Pete insurer at upward of $1 billion, an industry analyst told me.
Read the full story: https://t.co/tdpSn2teHW
Digital Media Solutions CEO Joe Marinucci's investment firm is offering to take the Clearwater company private in a proposed $300M+ buyout deal. The company's stock (NYSE: DMS) shot up more than 80% following the offer, here's the full scoop: https://t.co/YaUV1K1kfR
Report--Tampa Bay gained $5 billion in additional taxable income during The Great Migration to Florida during the pandemic. Meanwhile, New York lost $14.5B. Check out the numbers, they might surprise you.
https://t.co/kpwN8CtPln
Exclusive: Hyde Park Capital is expanding to Nashville. The investment banking firm has its sights set on the city's $90B health care market and emerging tech scene, read the full scoop:
https://t.co/al0CW22Tgb
ICYMI: Tampa Bay execs weighed in on Fed Chairman Powell's commentary that wrangling inflation back to 2% will require "pain to households and businesses." A recession is coming, and local business leaders say they've already factored that in: https://t.co/GLqBUEZk9W
Clearwater mortgage lender Home Point Financial Corp plans to lay off nearly 60 people. CEO Willie Newman says the company is taking action to navigate the cooling housing marking and an "extremely challenging" economic climate, read the full story:
https://t.co/dLlXl2JCaJ
A Manhattan-based IT managed service provider is acquiring Clearwater IT giant Vology for an undisclosed amount. Read the full story:
https://t.co/u4J9G80nrh
Longtime BB&T banker Lindsay Lipsky August is taking the reins as Truist's Tampa market president. She said finding a new culture at the bank post-merger was "seamless." Read the full story here:
https://t.co/RChq2IBXQ9
ICYMI: Atlanta Fed President Raphael Bostic visited Tampa Bay last week, said he does not favor a drastic rate hike at this month's meeting of the FOMC. @TBBJnewsroom#FederalReserve
https://t.co/tiZTCeNBEN