Blow molding machinery maker Kautex declares insolvency – Plastics News

German operations of Kautex Maschinenbau GmbH, an extrusion blow mold machinery maker, is insolvent due to what the company calls “a multitude of exogenous factors.” While the Bonn, Germany, production site is looking for new investors, the company’s location in Shunde, China, is not impacted by the company’s move, the company said. Kautex, in revealing…

Ron DeSantis Gets Good News for Florida's Insurance Crisis – Newsweek

Floridians experiencing spiked insurance premiums and limited options to deal with them have received some government assistance that may alleviate some of their financial woes and give some respite to Governor Ron DeSantis. Due to legislative reforms aiming to combat increasing homeowner costs and market instability, the Indiana-based Orion180 recently had its two carriers approved…

Bankrupt FTX Entrusts Galaxy With its Digital Assets – Analytics Insight

Galaxy Digital Acquires FTXs Crypto Assets After Bankruptcy According to court records released late Wednesday, bankrupt crypto exchange FTX has recruited U.S. crypto business Galaxy as an advisor to assist in hedging and selling its crypto holdings. According to the petition, hedging bitcoin and ether will reduce FTXs exposure to adverse market swings before their…