The Small Business Administration (SBA) announced it exhausted funds for its disaster loan program and will need to pause new loan offers for its direct, low-interest, long-term loans to disaster survivors until Congress appropriates additional funds. However, SBA...
Insured industry losses to onshore property for Hurricane Milton could range from $30 billion to $50 billion, according to a forecast from the Extreme Event Solutions group at Verisk (NASDAQ: VRSK). The new forecast noted the back-to-back impact of Hurricane Helene...
The mother of an Olmos Park, Texas-based real estate agent who disappeared a week ago after a violent fight with her husband believes that her daughter is no longer alive. KSAT 12 News reported that Suzanne Clark Simpson was last seen by a neighbor on the evening of...
A trio of real estate organizations – Smith Hill Capital, ECI Group and InterVest – have teamed up to create a $250 million private lending platform that will provide financing on first mortgages, mezzanine loans, and preferred equity investments to multifamily...
A real estate agent in Lansing, Michigan, was sentenced to up to 20 years in prison on a charge of sexually abusive activity involving a child. According to the Lansing State Journal, 64-year-old John DeMarco received a sentence of 30 to 240 months from Judge Matthew...
Arch Capital Group Ltd. (NASDAQ: ACGL), a provider of insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries, announced the promotion of Nicolas Papadopoulo as CEO. Papadopoulo, who is also joining the company’s board...
