Willis Towers Watson has introduced the Wood Frame Follow Facility Builder’s Risk Program, providing specialized insurance coverage for new ground-up wood frame construction projects across the U.S. This program offers up to $50 million in quota-share liability, coverage for up to 36 months, and protection against a broad range of risks including weather events and material losses. Designed for multifamily residential and mixed-use developments, it aligns with lead market terms to ensure consistent, streamlined coverage throughout the construction lifecycle. This new solution aims to help builders manage complex risks and maintain project momentum amid challenges like rising costs and delays.
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
ERock, Inc. received a buy rating due to its innovative modular natural-gas power systems that help data centers avoid long waits for permanent grid power. The company has a strong $1.3 billion backlog supported by customer deposits, providing clear ...
IBM's business model remains strong despite a 7% decline in mainframe infrastructure revenue, supported by loyal legacy customers and solid free cash flow. Software growth, especially an 11% increase in Red Hat revenue, helps offset mainframe challen...
BMW is recalling 29,119 plug-in hybrid sedans due to a potential fire risk caused by corrosion in the engine starter's electrical relay. This defect can lead to a short circuit and overheating even when the vehicle is parked with the ignition off. Th...
