8th property insurance company pauses new business in Florida

TAMPA, Fla. (WFLA) — Another property insurance company announced Thursday it will be pausing new business in Florida “until further notice” amid the state’s ongoing homeowners insurance crisis.

According to a news release obtained by 8 On Your Side Investigative Reporter Mahsa Saeidi, American Traditions Insurance Company will temporarily stop taking new business starting next week. The pause impacts homeowners insurance policies, condo unit owners policies and dwelling policies often used by landlords.

In the release, the company noted that the changes are being made “in order to manage our exposure and remain consistent with our growth projections.”

The changes made to business are effective immediately, according to American Traditions. However, the company said it would honor any eligible quotes that were previously saved through the end of business day Aug. 5.

American Traditions is just the latest of several companies that have either paused new business in Florida or gone bankrupt amid the property insurance crisis impacting thousands of homeowners across the state. Those companies, according to July data from the state-backed Citizens Property Insurance Corporation, are:

American Traditions Insurance Company: Limiting new business

American Traditions announced Thursday

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The Week in Business: Amazon’s Latest Acquisition

It is theoretically possible to go through a day patronizing only Amazon-owned companies: You might buy groceries at Whole Foods, listen to a book on Audible on your commute, check your Goodreads account and then, of course, visit Amazon.com. Now, the e-commerce giant is making a new push into health care. Amazon announced on Thursday that it had reached a $3.9 billion deal to buy One Medical, a network of primary care clinics, as part of its quest to become a major player in the industry. The deal is the first acquisition under Andy Jassy, ​​who became chief executive a year ago after Jeff Bezos stepped down. Mr. Jassy’s approach to the role has been much different from his predecessor’s, but on this decision, he hasn’t diverged too drastically from Mr. Bezos. One Medical is not the first health-care-related company Amazon has purchased. In 2018, it acquired PillPack, an online pharmacy.

Surprising many, the European Central Bank raised its three interest rates half a percentage point, not the quarter point that had initially been forecast, in a decisive move to bring rapid inflation under control.

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Elon Musk Wants to Conquer a New Business

On the 54th anniversary of the first manned landing on the moon, Elon Musk’s SpaceX and Mattel plans announced to conquer a new universe…toys.

The companies offered few details of their plans or products, which leaves open the possibility that one of the items could be an action figure of the world’s richest man.

It was probably only a matter of time before toy SpaceX rockets and space stations hit the toy store shelves. There is, after all, a Tesla (TSLA) – Get Tesla Inc. Report kids cyberquad selling for $1,900.

Toy producer Mattel (MAT) – Get Mattel Inc. Report announced that it has inked a multiyear deal with Elon Musk’s SpaceX. The very brief press release says that a line of toys and collectibles is to be released under Mattel’s Matchbox brand in 2023 but stays silent on precise timelines, product details and prices.

“We take pride in our ability to create products and experiences that honor cultural moments and inspire humankind,” Nick Karamanos, Mattel’s SVP of entertainment partnership at Mattel, said in a statement. “As space exploration advances more quickly than ever before, we are thrilled to work with SpaceX and help spark limitless

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3M will spin off its health-care business into a new public company

3M announced Tuesday it will spin off its health-care business into a separate publicly traded company.

The new business will focus on wound and oral care, health-care IT and biopharma filtration, the material science company said in a release. That includes products like its bandages, skin adhesives, oral aligners, air purifiers and optical lenses.

The company’s health-care products also include the Bair Hugger surgical warming system, which is currently the subject of nearly 6,000 lawsuits. 3M maintains that the product has no relation to surgical-site infections.

3M health-care products recorded more than $8 billion in sales in 2021. The transaction is expected to be completed by the end of next year, and 3M will maintain a 19.9% ​​stake in the new company.

The announcement comes as 3M said its second-quarter revenue fell nearly 3% to $8.7 billion. Net income dropped to $78 million from $1.5 billion a year earlier, including a $1.2 billion pretax charge tied to resolving litigation related to Combat Arms Earplugs.

The company said Aearo Technologies, its subsidiary that produces Combat Arms Earplugs, filed for chapter 11 bankruptcy proceedings to establish a trust to resolve all legal claims related to the product. 3M said it

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Kourtney Kardashian Poses in a Power Suit to Tease New Business

Kourtney Kardashian is pooshing her career to the next level.

The former Keeping Up With the Kardashians star recently teased that she’s exploring a new business venture, which is set to launch soon. Although Kourtney didn’t share any additional details about her upcoming gig, she drove her message even further with a business look that showcased her executive status. If anything, it was reminiscent of Melanie Griffith‘s Working Girl power suits.

“It’s giving boss lady,” she captioned her July 30 Instagram post, as she posed sitting on top of stacked travel trunks.

Kourt certainly dress the part, wearing an oversized blazer in a black and gray plaid print with dramatic shoulder pads. The reality TV star completed her wardrobe with silver strappy sandal heels and a soft glam makeup look (courtesy of makeup artist, Leah Darcy). Her hair, styled by Irinel de Leonwas parted in the middle with tiny strands that framed her face.

Every Photo From Kourtney Kardashian and Travis Barker’s Wedding Weekend in Italy

Kourtney has definitely kept busy since marring Travis Barker earlier this year.

Kourtney Kardashian

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Most recently, the Poosh founder made hearts race after Megan Fox posted behind-the-scenes images of their online SKIMS

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