Articles
A-Cap strikes back with lawsuit accusing SC regulators sloppy process, leaking secrets
A pair of Advantage Capital Partners-owned insurance companies filed a stinging rebuke against South Carolina regulators Thursday afternoon, accusing the office of violating its due process, First Amendment rights and leaking vital company secrets. The lawsuit came two days after Director Michael Wise of the South Carolina Department of Insurance filed a 56-page petition seeking […]
Gen X faces ‘pension envy’ as they head into retirement
Gen X members are approaching retirement at a time, in many instances, when much of the responsibility for creating retirement income falls on the individual. For many of their parents, retirement planning was built around a combination of Social Security, personal savings and a pension that provided regular income. Unlike that generation, many Gen Xers […]
AI skills in higher demand than MBAs in financial services
As artificial intelligence continues to take over the financial services industry, a new report by PwC found there is more demand for AI skills than even MBA degrees, which were traditionally the gold standard for workforce talent in the field. According to the AI Workforce Planning Gap in Financial Services report, 86% of financial companies, […]
A-Cap insurers face new takeover push in South Carolina
South Carolina insurance regulators are taking another shot at placing two Advantage Capital Partners-owned insurers into rehabilitation. This time, they appear to have considerably more ammunition. Director Michael Wise of the South Carolina Department of Insurance filed a 56-page petition Tuesday seeking to take control of insurers Atlantic Coast Life Insurance Co. and Southern Atlantic […]