These rate hikes are attributed to multiple factors, as outlined by Dave Bos. Dave Bos, the Executive Director of the LARM, has revealed that numerous municipalities are poised to witness spikes in their property insurance premiums this year Dave Bos emphasized that escalating construction material expenses and a scarcity of proficient contractors for repair work…
Connecticut insurance department leaders are now considering health insurance increase in 2024. There are scheduled hearing so residents can comment on the suggested health insurance increase. Connecticut insurance companies propose health insurance increase in 2024 Insurance companies selling policies on and off under the Affordable Care Act Exchange of Connecticut asked for an average health…
In a groundbreaking move, a proposal to establish free community college education is gaining traction as a means to revamp the higher education landscape and address the growing confusion surrounding federal student loan and grant programs. The free community college plan suggests a complete overhaul of the current system, which is deemed irreparable and in…
Proposition HH, a response to rising property values causing surges in property taxes, introduces a 10-year tax relief strategy backed by Governor Jared Polis and Democratic state legislators. Coloradans are gearing up for a crucial decision as two ballot measures, set to appear this November, focus on the state’s property tax plan and related fiscal…
The Commerce Ministry last Thursday said it is concerned about the signing of an executive order in Washington that blocks investing in the US from some Chinese businesses. The restrictions on investing in the US are expected to take effect in 2024 US President Joe Biden signed the executive order last Wednesday to limit…
The decision was passed with an 8-0 majority during a council meeting on August 9th. Aspinwall business owners are facing an increase in the business privilege tax as the borough grapples with rising expenses The business privilege tax, which previously stood at $100, will now be set at $500, marking a substantial shift. Heth Turnquist,…
A $17.5 billion Victim Relief Fund was administered to 200 million defrauded CFPB consumers following their financial protection law violations. 200 Million Defrauded Consumers Receive $17.5 Billion Victim Relief Fund of CFPB Following Financial Protection Law Violations Millions of consumers of the Consumer Financial Protection Bureau (CFPB) affected by financial protection law violations received $17.5…
The surge in severe thunderstorms, propelled by climate change, has led to an unprecedented level of economic damage in a condensed timeframe. Swiss Re Group reports an extraordinary financial toll of $34 billion in insured losses due to damage from storms in the U.S. during the first half of this year Convective storms, which encompass…
The highest SNAP allocations, reductions, and income requirements for eligibility are modified by the U.S. Department of Agriculture Food and Nutrition Service on October 1 of every year. These modifications are by the cost of living (COLA adjustments), meaning the sum of money required to maintain a minimal quality of life. For the majority of…
The idea is that the state of the economy largely influences election campaigns and outcomes. There are less than 16 months until the next presidential election. What is the economy like right now?