This Wednesday is the deadline to enroll in Affordable Care Act marketplace health coverage. Advocates say this year is even more critical for those seeking a plan, because the expanded tax credits that allowed many Kentuckians to enroll in health coverage – at little or no monthly cost – are set to expire at the…
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State Farm Insurance is not the bad guy for canceling policies before the LA fires. If anyone is to blame for that, it's California.
By Michael Menapace, Esq., Wiggin and Dana LLP When I first wrote here about insurance coverage related to cryptocurrency theft, I discussed whether these digital assets were securities (as suggested by the SEC) or property (as suggested by the IRS) and how that might impact insurance coverage under a typical homeowners policy.
The Federal Reserve Board on Monday announced the designation of the Chairs and Deputy Chairs of the 12 Federal Reserve Banks for 2025. Each Reserve Bank has a nine-member board of directors. The Board of Governors in Washington appoints three of these directors and each year designates one of its appointees as Chair and a…
Risk experts believe the insured losses from the Los Angeles wildfires will easily top $20 billion, but in some ways that’s only the start of the crisis California now faces. Why it matters: Anything above $12.5 billion would pass 2018’s Camp Fire to become the biggest insured wildfire loss ever, per data from insurance brokers Aon. Economic losses will be substantially higher,…
Last week Gov. Mike DeWine signed a measure into law prohibiting Ohio financial institutions from using a separate merchant code for gun shops or requiring gun owners to purchase liability insurance. The measure also prohibits governments or agencies from maintaining a list of gun owners.
But the CEO and president of the third-largest home insurance company in the state believes that California, and its wildfires, are still insurable. Zukerman's company, CSAA, is headquartered in Walnut Creek and covers 6% of the California home insurance market, concentrated in Northern California. Southern California is mostly covered through the state's…
Fifteen years of taking crystal methamphetamine battered Rosario Malcolm-Testaverde’ s mind. He heard hallucinatory voices multiple times a day and suffered bouts of paranoia so severe that he sometimes was convinced the FBI was following him. He bounced in and out of hospital emergency departments seven times, racking up more than $200,000 in medical…
Hedge Fund Executive Scott Bessent, tapped to become Trump’ s (R) Treasury Secretary, said He plans to Divest from Funds and other Investments, as He prepares to become the Government’ s Top Economic Official. Bessent’ s Plans were outlined in Financial Disclosures and an Ethics Agreement released Saturday by the Office of Government Ethics, ahead of a…
As firefighters race to control roaring blazes that have forced thousands to flee their homes, the mounting financial toll from the most destructive firestorm in Los Angeles history could deal a devastating blow to the property insurance market and the California homeowners who rely on it. People need to be prepared for that, "said Mark Newman-Kuzel,…
U.S. employers added a booming 256,000 jobs in December, shrugging off high labor costs, slowing sales and uncertainty about President-elect Donald Trump's economic policies. The unemployment rate fell from 4.2% to 4.1%, the Labor Department said Friday. The robust performance bolsters the case for the Federal Reserve to stand pat and skip an interest rate…
Memphis-based firm highlights 10 years of providing legal representation in Social Security disability, Veterans’ disability, and personal injury claims.
There is, admittedly, one factor that could keep the upcoming Golden Age from being quite so shiny for REITs. That would be interest rates.
Josh Stein pledges long-term Helene support, urges GOP cooperation in first address By Galen Bacharier Gov. Josh Stein pledged in his inaugural address Saturday to continue rebuilding western North Carolina from Hurricane Helene “for as long as it takes,” outlining a range of broad priorities and calling for bipartisan work with the Republican-led legislature. “Today […]
The slain CEO of the insurer had a vision for positive change; his company should embrace new consumer remedies, writes Ben Hassebrock.
11 January 2025 marked the first anniversary of U.S Spot Bitcoin [BTC] ETFs. This groundbreaking development revolutionized both the cryptocurrency landscape and traditional finance. Approved by the U.S. Securities and Exchange Commission (SEC) on 10 January 2024, these ETFs quickly became a dominant force, accounting for the entirety of the $44.2 billion in global crypto…
Nearly half of all homes across the nation — worth almost $22 trillion — face climate risk. Insurers are not renewing policies in high-risk areas.
The Federal Reserve's top supervisory official stepped down to avoid a potentially thorny legal battle with President-elect Donald Trump, a move consumer advocates said could undermine safeguards protecting Americans from reckless banking practices. Michael Barr, the Fed's vice president of supervision, said earlier this week he'll step down from that…
In July, as California sweltered through its hottest month in history, the state's biggest insurance company stopped providing home insurance to more than a thousand homeowners in the Pacific Palisades neighborhood of Los Angeles. Tucked into the fire-prone hillsides on the city's Westside, the neighborhood was one of a growing number in California deemed…
