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20
Nov

Insurance startup Root eyes $6.3 bln valuation in market debut

Oct 20 (Reuters) - Automobile Health Insurance for Parents startup Root Inc said on Tuesday it plans to raise as much as $604.1 million in its initial public offering on the Nasdaq, the latest in a line of insurers looking to tap the current boom in U.S.capital markets The firm, which provides insurance to customers through mobile applications, expects its initial offering of 24.2 million shares to be priced between…

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03
Nov

EFL confirms Blackpool will NOT face points deduction

Blackpool will not lose any points following February's appointment of joint receivers, the English Football League has confirmed.Under EFL rules, clubs that experience an 'insolvency event' - such as being placed in administration - are usually subject to a 12-point deduction, as they are seen to have gained an unfair advantage by shedding debts other better-run clubs have met.The appointment of receivers by a judge - in this case to…

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