Independent thinking for complex markets and current events
The average family health insurance premium has increased 249% since 2000. Biggest beneficiaries of this massive increase: health insurance companies. UnitedHealth (largest US insurer) is up 4,120% since 2000 vs. 340% gain for the S&P 500. $UNH pic.twitter.com/KveFDbHvXi — Charlie Bilello (@charliebilello) September 28, 2023
To stop more insurance companies from ditching California, the state’s insurance commissioner has approved plans for firms to use “climate change” as an excuse to gin up rates. California will let insurance companies consider climate change when setting their prices, the state’s chief regulator announced Thursday, a move aimed at preventing insurers from fleeing the state …
The price of energy and food, along with most other things, has risen rapidly since Biden took office, as Democrats have sought to destroy energy industries and have issued costly regulations as fast as they can. Now the WSJ has written an article showing that health insurance costs are skyrocketing again, with the biggest increases seen in …
‘It Is A Risky Proposition’: Homeowners Are Skipping Out On Insurance As Premiums Skyrocket Some Americans are choosing to go without home insurance as the cost of premiums continues to rise, according to The Wall Street Journal. Over the past three years, many people who have paid off their mortgage or inherited a home have …
The monthly mortgage payment based on a median existing home is now at a record $2,322/month. This is double the $1,200 peak seen in 2008. Keep in mind, $2,322/month does not include taxes, insurance or any other costs associated with buying a home. If you add in taxes and insurance, the median is nearly $3,000/month. …
Progressive insurance has been sued for ‘patently unlawful’ racism by offering $25,000 grants to help black-owned businesses buy vehicles — but barring white, Asian, Latino, and other entrepreneurs from applying. The lawsuit was filed by the conservative group America First Legal (AFL) and others on behalf of Nathan Roberts, the owner of Ohio-based Freedom Truck …
I don’t understand these kids. I call them “eBeggers”. How can you have that many followers and 444 million likes but no money and no medical insurance? AC
From the Society of Actuaries Research Institute (set the price for life policies) 2021 excess non Covid deaths 15-34 year old 21% higher 2022 last quarter excess non Covid deaths 35-44 year old 34% higher They are baffled,
California couple loses homeowners’ insurance after draining their swimming pool to save water SAN RAFAEL, Calif. — It’s becoming harder and harder to get a homeowner insurance policy in California. State Farm and Allstate stopped writing new policies, citing wildfire risks. Others are limiting new customers. And now, several viewers tell San Francisco’s KGO-TV that …
via Mike Shedlock: In a recent survey of large corporations, 100% of the companies made some enhancement to their political risk management. 54% increased political risk insurance. Political Risk is Everyone’s Risk Please consider The Year Political Risk Became Everyone’s Risk. This is how an insurance broker typically describes political risk: “low frequency, high severity.” Political …
Ed Dowd's segment on the Highwire:https://t.co/F4bQwGhqN5 — The Vigilant Fox 🦊 (@VigilantFox) July 28, 2023
by Dismal-Jellyfish Source: https://www.fdic.gov/news/financial-institution-letters/2023/fil23037.html The FDIC observed that some insured depository institutions (IDIs) are not reporting estimated uninsured deposits in accordance with the instructions to the Consolidated Reports of Condition and Income (Call Report). For example, some institutions incorrectly reduced the amount reported to the extent that the uninsured deposits are collateralized by pledged assets; …
via naturalnews: Rates of car insurance have hit highest levels in the past 30 years as cost of claims soared since the pandemic, due to more accidents, higher repair costs, bigger medical bills and increased litigation. The Wall Street Journal reported that many insurers have experienced significant losses over the last few years, which only means that premiums will continue to rise. …
AAA will not renew the auto and home insurance policies for some customers in Florida, joining a growing list of insurers dialing back their presence in the Sunshine State amid a growing risk of natural disasters. “Unfortunately, Florida’s insurance market has become challenging in recent years,” the company said in a statement emailed to CBS …
You will own NOTHING and you’ll be happy! Since REINSURANCE companies are global (not based in the US), they aren’t subject to US laws/regulations. Guess which group of international GLOBALISTS own the REINSURANCE companies? Many insurance companies are deciding to pull out of the California market altogether, leaving home owners with no options. This in …
California’s Unemployment Insurance (UI) Trust Fund that pays out state benefits is now “structurally insolvent,” according to a recent report. The Legislative Analyst’s Office noted the debt crisis involving the California Employment Development Department’s (EDD) UI trust fund on July 7. The state report was released following last week’s “May Fund Forecast” report by the …
DEAR ABBY: Eighteen years ago, I married a man so he could get health insurance and have back surgery. It was supposed to be short-lived. He fell in love with me and wouldn’t leave. He’s put me through hell over the years. Stage 4 tongue cancer left him unable to work, which I didn’t have …
Rents are dropping. 📉 Hardest-hit cities include Austin, Las Vegas, and Phoenix, where rental rates are down -6% over the last year. Meanwhile – taxes, insurance, and interest costs are up significantly. Cocktail that could mean forced selling in H2 2023. pic.twitter.com/nKiLmPRW0V — Nick Gerli (@nickgerli1) July 4, 2023 “Landlords who purchased in the last …
via theguardian: Car insurance is the latest household bill to go through the roof, with angry motorists complaining that prices are shooting up by as much as 70% when their policy comes up for renewal. While fuel prices have dropped back from 2022’s record highs the latest inflation bulletin from the Office for National Statistics (ONS) showed a new …
🚨BREAKING: Senator Chuck Grassley says that the FD-1023 form says the foreign national who bribed Joe and Hunter Biden allegedly has 17 audio recordings of his conversations with them that were kept as an “insurance policy”. pic.twitter.com/0fkKJP6CuI — Benny Johnson (@bennyjohnson) June 12, 2023 🚨🚨🚨 Senator Chuck Grassley Announces On The Senate Floor That The …