Forward, Startup Behind ‘Doctor in Box’ Healthcare Modules, to Shut Down — The Information: Forward, the startup that raised close to $400 million for “doctor in a box” healthcare modules, is shutting down.
The California FAIR Plan Faces Crucial Insurance Test - The New York Times: The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that could reach billions, officials said
Repeat Corporate Bankruptcies Hit Highest Rate Since 2020 - Bloomberg: Party City emerged from bankruptcy in October 2023, freed from $1 billion of debt and with “an excellent foundation in place to drive long-term growth,” as then-CEO Brad Weston put it. Just fourteen months later, it went broke again.
Florida's Mineral Development is year's first muni bond default | Bond Buyer: The Florida-based mining company failed to make $10 million in principal and interest payments due on Jan. 1. Florida had the largest number of defaults in 2024 at nine, per Municipal Market Analytics, Inc.
