Banking & Finance - Baton Rouge Business Report

Women lose ground in top boardrooms after years of gains

Women have lost ground in S&P 500 boardrooms for just the second time in...

FEMA report: Flood insurance hikes will keep 1 million out of market

When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation’s flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it.

Bernhard Capital launching environmental services platform following KC Harvey acquisition

Baton Rouge-based Bernhard Capital Partners Management LP today announced the launch of a dedicated environmental services platform following its acquisition of KC Harvey Environmental LLC.

Companies financing vendor invoices to maintain cash flow

More companies are offering supply chain financing to their vendors, The Wall Street Journal...

Insurer cancels 42,000 homeowner policies in Louisiana

More than 40,000 homeowners are looking for new insurance policies after an insurance company dropped them, following similar moves by two other companies.

Mezzo Technologies acquired by California private equity firm

San Francisco-based private equity firm Arcline Investment Management today announced it has acquired Baton Rouge industrial components manufacturer International Mezzo Technologies,

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Campus FCU opening mortgage and business center on Siegen Lane

Campus Federal Credit Union is building a branch dedicated to mortgage and business services,...

Inflation, rate hikes mean fewer business buyouts

Companies hit the brakes on deal-making during the first half of 2022 as concerns...

Judges rules state can’t force insurers to pay for evacuation costs

A Louisiana judge has ruled that Louisiana Department of Insurance Commissioner Jim Donelon abused his power by forcing insurance companies to pay evacuation expenses for policyholders in 25 parishes,

Bernhard Capital-backed Allied Power acquires Radiation Safety & Control Services

Allied Power was acquired in November 2020 by Baton Rouge-based Bernhard Capital Partners, a services and infrastructure-focused private equity management firm investing in middle market businesses that provide essential services to critical infrastructure owners.