insurance

Keep an eye on Auto Insurance, it’s currently the cause of nearly half of all annual Supercore inflation:

CPI Day! Keep an eye on Auto Insurance, it's currently the cause of nearly half of all annual Supercore inflation: pic.twitter.com/1w2iCSIFJp — Michael McDonough (@M_McDonough) May 15, 2024 Auto insurance rates in the US increased by 23% over the past year. That's the biggest 1-year spike since 1976. Video: https://t.co/SosH5NA4Ck pic.twitter.com/YaAuuiXDF5 — Charlie Bilello (@charliebilello) …

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Average homeowners insurance in Florida reaches nearly $1000 per month

FL home owners insurance is $1000/mo on average LOL pic.twitter.com/qKyh2EzQUY — Darth Powell (@VladTheInflator) May 11, 2024 10 most expensive states for home insurance A couple of coastal states that face hurricanes and flooding damage have the highest home insurance costs, but others that are impacted by wildfires and tornadoes are also among the top 10 for …

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Unemployment insurance filings defy statistical odds with consistent numbers week after week.

The remarkable consistency in weekly unemployment insurance filings raises questions about statistical probability. Despite the complexities of state programs and economic factors, the numbers remain eerily stable, challenging conventional understanding. Below is the number of initial filings for unemployment insurance. How is this statistically possible? Five of the last six weeks, the exact same number. …

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Canadian home insurance policies introduce exclusions for war and civil unrest

Amidst growing concerns about the potential risks of civil unrest and government actions, Canadian home insurance companies are implementing exclusion clauses that could leave homeowners unprotected in the event of damage caused by war or civil conflict. With this new development, homeowners face heightened uncertainty about the extent of their coverage, highlighting the need for …

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Insurance Companies Planning for Climate Lockdowns

By Martin Armstrong Some insurance companies are altering their policies for corporations and business interruptions, which seems to be in anticipation of government lockdowns for climate change under the label “weather events.” The government seems to be preparing for new lockdowns under the pretense of climate change this summer.  It appears that they are preparing to restrict …

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Sanctuary cities spend billions, offering $1,000 monthly income, health insurance, and SNAP benefits to migrants; Barkley and Smith condemn lax border control and unequal treatment of migrants

Sanctuary Cities Giving Billions To Illegal Migrants 🚨 $1,000 Guaranteed Income Coming For Migrants – $1,000 debit card each every month – $1400 SNAP benefits In Los Angeles every month – Full coverage health insurance – Will soon get $1,000 a month through LA’s new guaranteed income pilot program, which is immigration status is not …

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Health insurance companies suffer losses as US regulators decline to increase payments for private Medicare plans.

Health insurers are tumbling after US regulators didn’t boost payments for private Medicare plans. Only once in the past 10 years have final rates not improved from regulators’ initial proposals, according to research from JPMorgan.https://t.co/MIU1gEyqyD by @jtozz pic.twitter.com/uEKgtIlwcS — Tracy Alloway (@tracyalloway) April 2, 2024

Banks and insurance companies face heightened risk due to potential Boeing financial fallout.

This is a very good NYT article to read through the long weekend Personally speaking I think #Boeing risks are being greatly underestimated so far, let’s see how many more accidents are needed before these doomed planes are grounded for good 🙄 https://t.co/nSAkAVdKVS pic.twitter.com/3EGV8eHRFE — JustDario 🏊‍♂️ (@DarioCpx) March 30, 2024 https://justdario.com/2024/03/insurances-and-banks-risk-a-boeing-financial-nightmare-03/

Gavin Newsom is killing the insurance industry.

Reading insurance trade magazines isn’t everyone’s idea of a great time, but every Californian should pay attention to the latest news in that arcane world. “State Farm to pull out of 72,000 California insurance policies,” blared a Reinsurance News headline. State Farm provides nearly 21 percent of state homeowner policies, so this is big news. Last year, …

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Student persuaded by his friend to get his legs amputated for a $1.3 million insurance scam wound up getting only $7,200

On January 26, 2023, Liao and Zhang rode around Taipei on a motorbike at night, wanting to present the claim that Zhang was afflicted with frostbite while riding the vehicle in the late evening, investigators said. Just days before, Zhang bought several expensive life insurance, travel insurance, and accident insurance policies, prosecutors said. After their …

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Automakers are sharing your driving data with insurance companies

In recent years, insurance companies have offered incentives to people who install dongles in their cars or download smartphone apps that monitor their driving, including how much they drive, how fast they take corners, how hard they hit the brakes and whether they speed. But “drivers are historically reluctant to participate in these programs,” as …

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Insurance Companies Include Clause For 2024 Which Excludes Coverage For Injuries During Riots, Protests or Insurrection…

The fine print in health insurance policies is rarely the stuff of casual reading, but 2024 has brought about some unexpected changes that demand our attention. As someone with over a decade of experience in the insurance industry, I recently delved into the intricacies of the latest health insurance policies and stumbled upon a notable …

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Insurance company sues Minneapolis for ‘negligence’ during George Floyd riots

Insurance company sues Minneapolis for ‘negligence’ during George Floyd riots “The City’s negligence was a direct cause of the plaintiffs’ damages. The city is liable to the plaintiffs for their damages,” the lawsuit argues. An Illinois insurance company sued the city of Minneapolis last week for its “negligence” during the George Floyd riots of 2020. …

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The insurance on my 2012 Mazda went up 72% to $233 a month!’ Americans are battling soaring car and home premiums – which insurers blame on storms, wildfires and inflation…

They say ‘What happens in Vegas stays in Vegas’ – but the eye-watering auto insurance bill city resident Simon Edwards recently received is just one example of the staggering rises in premiums consumers are facing all across the US. The 2012 Mazda 5 owner was shocked to find his monthly bill from Geico had rocketed …

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California state health insurance to cover sex changes for illegal immigrants

via Foxnews: The Golden State is expanding its massive health care system this year, which means more taxpayer dollars will fund sex change surgeries for state residents, regardless of their citizenship status. According to a memo first circulated in May 2022 and reported by the Daily Caller Foundation, California’s Medi-Cal covers costs for hormone therapy …

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50 Cent Slams California Over Taxpayer-Funded Health Insurance to Illegal Aliens: ‘What the F**K’

Rapper-actor 50 Cent slammed California over its decision to use taxpayer money to fund health care for illegal aliens. “I don’t understand this, this it going to cost 2.6 billion dollars for tax payers,” 50 Cent said in a Wednesday Instagram post. “They don’t even give veterans health insurance. [MSNBC anchor Ari Melber] call my …

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Inflation woes persist for consumers; CPI fails to reflect reality as homeowners face steep insurance, tax hikes.

CPI isn’t capturing reality for most people Homeowners getting hit with whopping insurance and property tax increases as we enter 2024 And raises are long gone https://t.co/vs38A2VEjz — Amy Nixon (@texasrunnerDFW) December 27, 2023 As long as the banks continue to receive support through the not-so-hidden bailout program, there's little to worry about, except the …

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The insurance industry is f**ked

by Anonymous The three tiers of insurance are, generally, directs (Geico, Progressive), mutuals (allstate, american family etc) and the Nationals (Nationwide Chubb etc) 1) You don’t hear much about group 1 anymore because their business is tanking…going away. It worked for awhile but now they are about the same cost structure as group 2 but …

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Healthcare in America… $1,800 for 5 stiches AFTER insurance

Healthcare in America … $1,800 for 5 stiches AFTER insurance. This is crazy. Ridiculous. Why even pay for insurance when it doesn't cover anything? pic.twitter.com/DbNcnL5Jjd — Wall Street Mav (@WallStreetMav) November 25, 2023 80% of American households are in a worse financial position now than they were before the covid pandemic hit, per YahooFinance. https://twitter.com/1200616796295847936/status/1729145803871297664

Auto insurance rates are experiencing the fastest increase in nearly 50 years.

Auto loan delinquencies among subprime borrowers reached a nearly-30-year high in September of 6.1% – the highest rate since 1994, per the Fed. Read more: https://t.co/MLaHAqNcKg — unusual_whales (@unusual_whales) November 15, 2023 Auto Insurance rates are crazy…40% up in 2 years. More accidents has to be the cause. Plus the cost to repair has skyrocketed …

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OUTRAGE: US Family Health Insurance Premiums Skyrocket 249%, Enriching Insurance Giants

This injustice underscores a deeply troubling reality where families bear the burden of skyrocketing health insurance costs, while the industry giants reap unparalleled profits. It’s a situation that demands urgent attention and reform, as the very essence of affordable and accessible healthcare is under siege, and the anger among those affected continues to mount. The …

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Soaring U.S. Family Health Insurance Premiums Outpace Inflation

The average US family health insurance premium increased from $5,790 in 1999 to $21,463 in 2022. That’s a 288% increase, or 6.4% per year, which is 2.5x higher than the overall rate of inflation (CPI) during this period. Video Discussion: https://t.co/ASUJslHm8T pic.twitter.com/fIP9x91PUy — Charlie Bilello (@charliebilello) November 1, 2023 pic.twitter.com/sfrbgx52ND — Charlie Bilello (@charliebilello) November …

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