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—then Federal Reserve Chairman Jerome Powell is Wile E. Coyote. Wile E. Coyote is always trying and failing to vanquish Roadrunner, who in this allegory stands for economic growth. Wile E. Coyote uses every instrument of destruction he can think of to kill Roadrunner.

Atlanta residents have a“ magic number” in mind when planning for their retirements, but many are having a tough time saving up. “We are seeing the effects of higher inflation on two fronts when it comes to retirement planning,” Ben Glassman, private wealth advisor and director of financial planning at Haven Wealth Advisors, told Northwestern Mutual in a press…

TALLAHASSEE— The vast majority of small insurers operating in Florida are considered so financially weak that they wouldn’ t typically meet federal guidelines allowing them to back mortgaged homes. That’ s a central finding of a study that also suggests that Florida consumers are being led to believe their insurers are much healthier than they really are.

Apr. 11— ALBANY— New York requires employers to offer health insurance to their workers that includes coverage for abortion services, but the state's top court will soon decide if that regulation should be thrown out. It's a matter that could set a precedent on where the line exists between the power of government and the freedom of religion, said Gabriella Larios,…

Fifteen months ago, at the beginning of 2023, I wrote in this newspaper and in another of this masthead about the intense debate on the interest rate outlook at the meetings of the American Economic Association, held that January in New Orleans. Wall Street analysts were already betting on decreases in the official price of money in the second half of last year, a…

LOS ANGELES- Recent data from the Federal Reserve reveals that by the end of the fourth quarter of 2023, the wealth amassed by America's wealthiest 1% reached an unprecedented milestone of $44.6 trillion. The collective net worth of this select cohort, delineated by the Fed as individuals holding assets surpassing $11 million, surged by $2 trillion during the…

Only about one in eight adults know when they'll be eligible for full retirement benefits through Social Security, according to the Nationwide Retirement Institute 2023 Social Security Survey. And compared to 2014, fewer people age 50 and up now know whether they may be eligible for Social Security benefits based on an ex-spouse's record or if Social…

The Fed has kept interest rates high to help slow the economy and lower inflation. But that hope is more uncertain now, with federal reserve chair Jerome Powell saying in a speech last Wednesday at Stanford University that the Fed "face risks on both sides." If the economy evolves broadly, as we expect, most FOMC participants see it as likely to be appropriate to begin…

Now, Vassilios Handakas, also known as William Handakas and Bill Handakas, faces second-degree insurance fraud and third-degree insurance fraud as well as failure to secure workers’ compensation. “When an employer makes misrepresentations about the number of employees at their company and their payroll figures, they unfairly impact honest employers who…

Maryland Attorney General Anthony G. Brown announced that Cheryl Leigh Gray, 49, of Middletown, Maryland, pleaded guilty in the Circuit Court for Frederick County to one count of theft scheme having a value of $100,000 or more. Gray was a licensed insurance producer working as the operations manager at Passport Title Services, LLC (Passport Title), located in Rockville, Maryland….

Amina Tollin receives infusions through a port in her chest to reduce the debilitating symptoms of her chronic nerve condition. Three months ago, Medicaid stopped paying for the therapy as a result of an increasingly common process among private and public insurers known as prior authorization. States are taking action to curb it, but enforcement will be a challenge. (Amina Tollin…

Source: Reproduced from NerdWallet; Note: NerdWallet determined the average homeowners insurance cost by calculating the median rate for 40-year-old homeowners across various insurance providers in every ZIP code nationwide; Map: Axios VisualsHome insurance premiums are on the rise nationwide, and Texas remains one of the states with the highest rates.Why it matters: Homeowners…

If you're planning to retire soon, you may be considering a move to a whole new place. MORE: Pilot chartered a plane to take 112 friends to Hawaii for his retirement. And why limit yourself to just the U.S. when there are excellent options all over the world?

With the news, insurance stocks faced strong pressure on the New York Stock Exchange on Tuesday, 2.. The Centers for Medicare and Medicaid Services announced that private Medicare Advantage rates will increase by an average of 3.7% in 2025. In New York, Humana's shares plunged 12.82%, while UnitedHeatlh's lost 6.43% around 4:30 p.m. EST.

When it comes to retirement planning, much of the focus usually rests on the actions you have to take to prepare a nest egg for your golden years. But what if your retirement savings run out before you do? This is where the concept of longevity risk comes into play. Longevity risk is a growing concern as life expectancies in certain countries and regions continue to rise. Let’s…

As former president Donald Trump struggled last month to post a bond for more than $450 million to keep authorities from seizing his properties, California billionaire Don Hankey and his wife, Debbi, started discussing a solution: Hankey's business could cover it. Hankey, a Trump supporter who made a fortune providing high-interest auto loans to customers…