In my weekend column I mentioned that no publicly traded companies are issuing press releases stating that they are actually hiring workers. Well, Jim Sykes of Assurant Specialty Property of Florence, S.C., has called me on the carpet. (ASP, among other things, provides hazard and flood insurance tracking.) Jim says back in December ASP, a subsidiary of the publicly traded Assurant (which sells specialized insurance products), issued a release saying its Florence center planned to hire up to 100 additional employees. The office is the third largest of ASP's five hazard insurance service centers. He said at year-end Florence had 677 workers, a gain of 84 from year-end 2007. He said the Florence location is still hiring but also noted that the employment numbers "include temps, since we do a lot of temp to perm hiring"â¦
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Even with the positive news when it came to income, two of the big four underwriters had their earnings outlook slashed, while a third received an upgrade.
August 7 -
AD Mortgage's news survey finds 82% expect AI to transform the industry, and relationship skills will decide who wins in 2027.
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An acquisition this year could be one in a line of other future deals, potentially involving lenders or commercial real estate firms, Ellington executives said.
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If the deal is completed, the companies will form the sixth-largest publicly traded homebuilder in the U.S. with about $6.6 billion in combined revenue.
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Fannie Mae and Freddie Mac's oversight chief said that he's displeased with a report that these builders have retreated from serving first-time buyers.
August 7 -
The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.
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