Local marketing wizard Jeff Charney forever altered the landscape of insurance commercials with his durable creations: The Aflac Duck and Progressive's "Flo" and "Dr. Rick."Why it matters: Charney's latest project — an AI platform — could disrupt the $350 billion marketing industry in the same way Uber disrupted transportation.How it works: Charney tells Axios that the…
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As inflation gathered force in 2021 and 2022, the Federal Reserve notoriously waited too long to raise interest rates, allowing consumer prices to continue to climb sharply, Fed officials now acknowledge. "The longer they wait, the greater the risk that something goes off the rails," says Mark Zandi, chief economist of Moody's Analytics. But Fed Chair Jerome…
The husband of a former BP executive has pleaded guilty to securities fraud after he allegedly made over $1.7 million in illegal profits.
"After Covid-19, when we all felt vulnerable, the culture of prevention became more noticeable and insurance acceptance rates have increased," said Compartamos Banco's CEO, Patricio Diez. According to the National Insurance and Bonding Commission, microinsurance is a product that increases financial inclusion in the low-income population through low…
Rodrigo Goytortua Ortega, former CEO of Miss Universo Mexico and shareholder of Publicidad y Tecnología Close Marketing, also known as Markethink, went to the Labor Conciliation Center in Mexico City to demand from Rocha Cantú the payment of at least one million pesos for unjustified dismissal. "They told me,' Rodrigo we want you to go checking because we want…
Rudy Giuliani has appealed a $148 million verdict against him won by two former Fulton County election workers. In December a federal jury in Washington, D.C., awarded Ruby Freeman and Shaye Moss the money because Giuliani falsely accused them of fraud in the 2020 election. Giuliani, the former New York City mayor and personal attorney for Donald Trump, denounced…
Attorney General Ashley Moody’s Office of Statewide Prosecution secured a 30-year prison sentence for a man operating an elaborate real estate investment scheme. Miquel Angel Perez defrauded more than 20 victims out of retirement and life savings through a scheme involving real estate pitches and false promises of wealth made from investments. A Pasco County jury found Perez…
Car insurance in metro Phoenix is about $226 above the U.S. average. Here's why Arizonans are paying more and how to cut costs.
Eliyahu "Eli" Weinstein, who was freed by President Trump from a 24-year-prison sentence from two different fraud schemes was indicted in a new con.
Despite a recession scenario and lower payment capacity of Peruvians, premiums in the insurance sector grew 8.1% in 2023, mainly driven by life insurance, according to the Association of Insurance Companies. This segment had an annual increase in net premiums of S/ 989 million, a figure that is equivalent to two thirds of the growth at the sector level, commented…
The“ You Earned It, You Keep It Act” is making a second attempt to eliminate the taxation of Social Security benefits. Angie Craig, the bill eliminates the taxation of Social Security benefits for all retirees. The bill comes with an assessment of its financial impact on Social Security by Stephen C. Goss, its chief actuary.
Data: St. Louis Federal Reserve. Chart: Axios VisualsHuge numbers of Americans are leaving the workplace in a surprise second wave of the post-COVID retirement boom.Why it matters: An aging country — combined with a booming stock market and a nudge from return-to-office policies — means more working stiffs are preparing to exit the stage.What's happening: The U.S. has about 2.7…
In March of 2022, the U.S. Federal Reserve began bumping up its benchmark interest rate, which had hovered around zero for much of the previous 13 years. For Central Massachusetts banks, that was a lot of change to deal with. Martin Connors, president and CEO of Fitchburg- based Rollstone Bank& Trust, said the rapid rate hikes meant the bank had to pay more to its savings…
EAST CLEVELAND, Ohio- Two Northeast Ohio brothers, one claiming to be a prince, face federal fraud and money laundering charges that prosecutors say bilked several people out of up to $10 million. Zubair Abdur Razzaq Al Zubair, 41, claimed to be a prince. Both are natives of East Cleveland and on their business website, Dubai Bridge Investments, state they are…
As the U.S. economy grows at a stronger pace than expected, inflation eases and the Federal Reserve prepares to cut interest rates, the firm anticipates "further stimulus in emerging markets, given the market's optimism towards risk assets". In this regard, they believe that robust U.S. economic activity has dampened investor concerns about a recession, which…
The market was too optimistic about interest rate cuts and, as the weeks went by and economic data- such as inflation- did not confirm that view, they have been backtracking and lengthening their view of when the first cuts will come and whether it will be the US Federal Reserve or the European Central Bank that will be in charge of raising the curtain.
U.S. banks could lose $35 billion in revenue by 2025 under the Basel III committee's new capital rules, consulting firm Oliver Wyman warns in a statement. Each country decides how to apply the committee's measures, and the rules being prepared by the U.S. central bank, the Federal Reserve, are more punitive than the European ones in terms of how risk capital, market,…
A Daytona Beach Shores condominium owner whose property insurance jumped 563% last year has two messages for Florida lawmakers.
–Morgan Stanley is planning to eliminate several hundred jobs, the first such move under Chief Executive Officer Ted Pick. A representative for Morgan Stanley declined to comment. The division, which got a boost for much of last year from higher net interest income, could see that benefit start to fade if the Federal Reserve starts lowering interest rates later…
