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Golden Gate Insurer PHL Veers to Liquidation as Rehab Hopes Fade

State regulators are abandoning a plan to rehabilitate PHL Variable Insurance Co. and may pursue liquidation instead, after finding that the struggling life insurer — acquired by private equity firm Golden Gate Capitala decade ago — is in worse shape than previously thought.

Schwarzman, OpenAI’s Brockman Boost $102 Million Trump War Chest

President Donald Trump’s super political action committee raised $102 million in the second half of 2025, fueled by eight-figure donations from artificial intelligence, cryptocurrency and finance industry figures, a tally that aims to boost Republicans’ efforts to retain control of Congress in crucial elections this year.

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Can Businesses Win Fight Over Covid-19 Insurance Claims?

A growing number of businesses are suing their insurers over denied business interruption insurance claims due to the Covid-19 pandemic. But will they be successful?

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