PPP loans flowed to businesses in wealthy neighborhoods

White Neighborhoods NFIB Small Business IndexCovid Worries blame coronavirus stimulus checks best

PPP data shows loans flowed mostly to businesses in wealthy neighborhoods Q3 2020 hedge fund letters, conferences and more The government’s flawed COVID relief program underscored the need for equity in small business financing, and for stronger enforcement of fair lending laws. A note for journalists: NCRC is making available geocoded PPP data to its […]

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Lloyd’s ILS structure to be about capital provision through Members

The impending insurance-linked securities (ILS) structure that is being developed by the Lloyd’s of London insurance and reinsurance marketplace will be about capital provision through Lloyd’s members, so investors will benefit from a new web-based platform for managing their asset allocations to the marketplace. In a briefing today, Lloyd’s CFO Burkhard Keese presented the newly…

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Tesla Like Qualcomm In 1999, Musk Moves To Texas

Tesla Qualcomm

Whitney Tilson’s email to investors discussing Tesla Inc (NASDAQ:TSLA) like Qualcomm, Inc. (NASDAQ:QCOM) in 1999; Doug Kass predicted Tesla’s capital raise; Tesla is watching its stock price too; Elon Musk moves to Texas, takes jab at Silicon Valley; funny tweet. Q3 2020 hedge fund letters, conferences and more Tesla Like Qualcomm In 1999 1) The […]

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Apple Is Working On Cellular Modems To Replace Qualcomm

apple cellular modem

Apple is reportedly working on its own cellular modem for its devices. According to Bloomberg, Johny Srouji, the company’s senior vice president of hardware technologies, made the announcement to Apple employees during a town hall meeting on Thursday. Q3 2020 hedge fund letters, conferences and more Apple is working on cellular modems Sources told Bloomberg […]

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2020 US wildfire industry loss estimate lifted to $7bn – $13bn by RMS

The estimated insurance and reinsurance market loss from wildfires that have affected largely the western United States in 2020 is now estimated to be some two-thirds higher, as catastrophe risk modeller RMS has lifted its loss estimate range to $7 billion and $13 billion. Previously, RMS had estimated the industry loss from wildfires in the…

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Our AT&T Dividend Pays for Our AT&T Internet

  Over the last several months, I have been increasing my position in AT&T. In fact, the Top 5 Foundation Stock has become one of the larger positions in my dividend stock portfolio.  When preparing my November dividend income summary, it hit me. My AT&T dividend covers my interest bill. You guess it, I use…

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Liberty Mutual’s new Mystic Re IV cat bond grows 50% to $300m

The new Mystic Re IV Ltd. (Series 2021-1) catastrophe bond transaction sponsored by insurance giant Liberty Mutual has been upsized during its marketing, growing by 50% to now feature an issuance of $300 million of notes to support reinsurance protection for the carrier. Liberty Mutual returned to the catastrophe bond market recently to sponsor its…

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Vantage can leverage ILS to be creative & expand the pie: CEO, Hendrick

Combined with advanced technology and great talent, Vantage sees the range of insurance-linked securities (ILS) structures as a means to be innovative and expand the set of risks that are covered by the risk transfer space, according to co-founder and Chief Executive Officer (CEO), Greg Hendrick. Speaking with Artemis around the new re/insurance carrier’s launch…

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