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US Treasury Department offers secure AI advice to financial services firms
Yahoo Finance· 2026-02-20 10:59
This story was originally published on Cybersecurity Dive. To receive daily news and insights, subscribe to our free daily Cybersecurity Dive newsletter. The U.S. Treasury Department has begun releasing guidance meant to help financial services companies securely use artificial intelligence while adhering to regulatory obligations. “Treasury will release a series of six resources developed in partnership with industry and federal and state regulatory partners to enable secure and resilient AI across the U ...
At Long Last, Being Underweight Tech Is a Winning Stock Strategy
Yahoo Finance· 2026-02-20 10:30
For years, loading up on the biggest US technology stocks delivered a steady stream of riches — and avoiding them was a surefire ticket to the unemployment rolls. In 2026, the opposite has been true. Mutual fund managers who cut exposure to the volatile tech stocks that have roiled markets this year have been on a tear. Nearly 60% of large-cap mutual funds are outperforming their benchmarks, the highest share since 2007, according to data from Goldman Sachs Group Inc. Large-cap core and growth managers ha ...
Bill Gates Has Nearly 30% of His $36.6 Billion Portfolio Invested in One of Warren Buffett's Favorite Stocks
The Motley Fool· 2026-02-20 09:30
Nearly $11 billion of the Gates Foundation's portfolio is parked in a single stock.The Bill & Melinda Gates Foundation Trust -- the investment vehicle that funds the foundation's charitable work around the globe -- holds a portfolio valued at roughly $36.6 billion today. Nearly 30% of the entire trust -- just shy of $11 billion -- is invested in a single stock, one that also happens to be a favorite of one of history's most celebrated investors, Warren Buffett. That's not a coincidence. Gates and Buffett ha ...
Donegal Group (NASDAQ:DGICA) Shares Gap Down on Disappointing Earnings
Defense World· 2026-02-20 08:39
Donegal Group, Inc. (NASDAQ:DGICA – Get Free Report) gapped down before the market opened on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $18.61, but opened at $17.08. Donegal Group shares last traded at $17.68, with a volume of 21,453 shares. Get Donegal Group alerts: The insurance provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). The firm had revenue of $240.14 million during the qua ...
S&P/ASX 200 ends week with a drop as Australian shares ease after record run, Guzman y Gomez sees big dip; check top gainers and losers
The Economic Times· 2026-02-20 08:12
According to the ASX website, the bottom-performing stocks in this index were Markets have rallied on solid earnings from BHP and National Australia Bank, with investors now looking to results from Woodside Energy, Woolworths, Coles and Qantas. In the week, investors cheered earnings beats from companies such as QBE Insurance Group, up ⁠7.1% on ‌the day, while misses, such as rival Suncorp Group, were punished.S&P/ASX 200: Top gainers and losersOn the S&P/ASX 200, the top five gainers saw solid advances. T ...
Travelers to enhance customer experience with new Agentic AI Claim Assistant
ReinsuranceNe.ws· 2026-02-20 06:30
The Travelers Companies, Inc. has announced the launch of its AI Claim Assistant, a new solution developed using OpenAI model capabilities and APIs.Described as an industry-leading solution, this fully agentic intelligent voice service uses advanced language and speech recognition technologies to handle customer claim calls.This capability is initially being used with customers who are calling to file an auto damage claim and will expand to additional lines of business and a broader set of claim interaction ...
Unipol's annual profit jumps 37%, proposes higher dividend
Reuters· 2026-02-20 06:09
Italian insurer Unipol reported a 36.8% rise in its full-year profit on Friday, driven by a strong performance in its core insurance business and contributions from soon-to-be-merged BPER and Banca Po... ...
Delaware High Court Rescues Cyber Insurers’ Subrogation Claims
Insurance Journal· 2026-02-20 06:00
The Delaware Supreme Court has re-opened the door for cyber insurers to pursue recovery of claims payments they made to their insureds who took matters into their own hands after their data hosting company allegedly failed to adequately respond to a ransomware attack.In July 2020, a cyber attacker accessed software and data hosting firm Blackbaud Inc.’s system for several months and exfiltrated confidential customer data from its servers. The attacker threatened to publish the data unless Blackbaud paid a r ...
Here's What Key Metrics Tell Us About American Coastal (ACIC) Q4 Earnings
ZACKS· 2026-02-20 00:30
Core Insights - American Coastal Insurance (ACIC) reported a revenue of $86.38 million for the quarter ended December 2025, reflecting a 9% increase year-over-year and a surprise of +3.56% over the Zacks Consensus Estimate of $83.41 million [1] - The earnings per share (EPS) for the quarter was $0.51, significantly higher than $0.12 in the same quarter last year, resulting in an EPS surprise of +21.43% compared to the consensus estimate of $0.42 [1] Financial Performance Metrics - Loss Ratio for the quarter was reported at 12.5%, which is significantly lower than the average estimate of 23.8% based on two analysts [4] - Expense Ratio stood at 46.1%, slightly above the average estimate of 45% from two analysts [4] - Combined Ratio was reported at 58.6%, compared to the estimated average of 68.8% by two analysts [4] - Net premiums earned were $79.32 million, exceeding the average estimate of $76.91 million, with a year-over-year increase of +7.9% [4] - Net investment income was $5.49 million, slightly below the average estimate of $5.8 million, with a year-over-year change of +3.1% [4] Stock Performance - Over the past month, shares of American Coastal have returned -2.1%, while the Zacks S&P 500 composite experienced a -0.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]
American Coastal Insurance Q4 Earnings Call Highlights
Yahoo Finance· 2026-02-20 00:08
For the full year, Castle said net income was $106.8 million and core income was $103.7 million, an increase of $26.8 million. The company’s combined ratio was 58.6% for the quarter and 60.1% for the full year. American Coastal’s non-GAAP underlying combined ratio—excluding current-year catastrophe losses and prior-year development—was 58.9% for the quarter, down 7 points from the prior year, and 61.5% for the full year, which management said was below its 65% target.CFO Svetlana Castle reported fourth-quar ...