Car insurance – Inzerce Pujcek http://inzercepujcek.net/ Mon, 21 Nov 2022 18:23:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://inzercepujcek.net/wp-content/uploads/2021/06/icon-87-150x150.png Car insurance – Inzerce Pujcek http://inzercepujcek.net/ 32 32 How important is self-contained flood insurance? How is it different from fire, home insurance? https://inzercepujcek.net/how-important-is-self-contained-flood-insurance-how-is-it-different-from-fire-home-insurance/ Mon, 21 Nov 2022 17:13:59 +0000 https://inzercepujcek.net/how-important-is-self-contained-flood-insurance-how-is-it-different-from-fire-home-insurance/ India is a tropical country with a high frequency of rainfall leading to annual floods in many states as well as landslides and cyclones. In addition to causing floods and landslides, these natural calamities often result in the loss of property and personal effects. In terms of insurance, there is no specific comprehensive flood insurance […]]]>

India is a tropical country with a high frequency of rainfall leading to annual floods in many states as well as landslides and cyclones. In addition to causing floods and landslides, these natural calamities often result in the loss of property and personal effects. In terms of insurance, there is no specific comprehensive flood insurance coverage, but there are few stand-alone coverages like home and auto insurance that are based on flood consequence analysis.

“India is a growing economy with a huge flood-prone population,” said Nymphea Batra, CEO and Managing Director of Guy Carpenter India, adding, “The Asia-Pacific region has historically suffered the most flood-related losses. , with only 7% of them covered by insurance.India, for example, suffered huge losses from floods in Maharashtra, Gujarat, Karnataka, etc. in 2019, amounting to 9 billion dollars, of which only 3% are covered by insurance.

“The changing landscape and urbanization in metropolises, in addition to large industrial areas, pose a complex risk. While asset values ​​are rising, low insurance penetration still leaves the Asia-Pacific region and particularly India without adequate protection. These factors combine to create a challenging situation and our India flood model will help address these risks. Guy Carpenter is dedicated to working with our clients to help them understand and manage their exposure to natural perils, especially poorly modeled perils,” Batra added.

In terms of insurance, there is no specific comprehensive flood insurance coverage, but there are few stand-alone coverages like home and auto insurance that are based on flood consequence analysis. This is because there is no definite mechanism in India especially to predict floods, cyclones, typhoons or hurricanes long before they strike. As a result, insurers often struggle to perform accurate damage risk analysis due to the lack of proper raw data.

Currently, flood insurance is available with the standard fire and special risk policy and the household insurance policy. So, despite the high frequency of floods, no specific flood insurance policies are available in India.

Batra outlines the features and benefits of flood insurance and how it differs from fire and home insurance:

The features and benefits of flood insurance

Flood insurance is usually provided as part of insurance companies’ standard Fire and Special Risks policy which provides cover against fire and related perils which are named in the policy. Flood is a named peril in the policy as part of the broader “STFI” coverage, which includes Storm, Gale, Cyclone, Typhoon, Hurricane, Tornado and Flood as perils and attracts a specific fixed rate as prescribed by the regulator. This coverage may apply to buildings (including plinths and foundations), plant and machinery, inventory, furniture, plant and fittings and other contents.

What is the difference with fire and home insurance

As mentioned above, flood risk is part of the standard fire and special risk policy of insurance companies and would be covered by a standard fire and house policy. There is, however, a specific rate allocated to “STFI” risks in the policy and the insured can decide if he wishes the “STFI” risk to be included in his fire or home insurance policy. This does not apply to standard IRDAI products of Bharat Udyam Suraksha Policy, Bharat Sookshma Udyam Suraksha Policy and Bharat Griha Raksha Policy where STFI is a named risk, and cover is standard for all insurance companies , with the exception of the additional blankets provided.

How to benefit from it and how the complaints process works

Generally, all policies would include the “STFI” risk in the standard fire and special perils policy and standard IRDAI products as mentioned above, so that the insured can benefit from the insurance benefit against floods under its fire or household policy. The claims settlement process follows the standard claims process for fire policies where the insured must notify the insurance companies in the event of flood damage and the final settlement is based on the damage assessed to the insured.

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“Complete Failure:” Filing Reveals Stunning Mismanagement Within FTX https://inzercepujcek.net/complete-failure-filing-reveals-stunning-mismanagement-within-ftx/ Thu, 17 Nov 2022 22:24:00 +0000 https://inzercepujcek.net/complete-failure-filing-reveals-stunning-mismanagement-within-ftx/ New York CNN Business — A new court filing involving Sam Bankman-Fried’s bankrupt corporations reveals a crypto empire that was colossally mismanaged and potentially fraudulent — a “complete failure of corporate controls” that dwarfs even that of Enron. “Never in my career have I seen such a complete failure of corporate controls and such a […]]]>


New York
CNN Business

A new court filing involving Sam Bankman-Fried’s bankrupt corporations reveals a crypto empire that was colossally mismanaged and potentially fraudulent — a “complete failure of corporate controls” that dwarfs even that of Enron.

“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of reliable financial reporting as has occurred here,” wrote FTX’s new CEO John J. Ray. III, in a file filed Thursday. He previously oversaw the liquidation of Enron in the 2000s, among other bankruptcy cases.

Now Ray is overseeing an “unprecedented” mess, according to his own account, in the collapse of the crypto exchange, its sister hedge fund Alameda, and dozens of affiliated entities. Ray, a restructuring specialist, took over from Bankman-Fried as CEO nearly a week ago when the group filed for Chapter 11.

Ray’s assessment offers one of the first definitive accounts of what went wrong at FTX and Alameda.

Among the many problems new management uncovered are unreliable financial statements, mishandling of confidential data (including the use of an unsecured email account to manage private cryptographic keys), and embezzlement of company funds. company to buy houses for employees in the Bahamas.

FTX also lacked centralized control over its cash flow, according to the filing. Mismanagement of funds was so bad under Bankman-Fried that new management does not yet know how much cash FTX Group holds. Ray and his team could only estimate the amount of cash available, which is approximately $564 million.

That compares to a roughly $8 billion shortfall that Bankman-Fried reportedly told investors last week that FTX would need.

“There are, at best, signs of absolute non-control and power in the hands of just a few people,” said Eric Snyder, head of Wilk Auslander’s bankruptcy department, which is not involved in the dispute. FTX case. “At worst, there is systemic fraud of billions of dollars.”

Bankman-Fried has not been charged with any crime. His attorney Martin Flumenbaum did not respond to CNN Business’ request for comment.

In the filing, Ray also sought to steer FTX’s new management team away from Bankman-Fried, who he says continues to make “erratic and misleading” statements on Twitter and in statements to the press.

In an interview with Vox on Twitter this week, Bankman-Fried, who had earned a reputation as an advocate for greater regulatory oversight of the industry, told a reporter that it was all “just relations public”. He added: “F**ck regulators. They make everything worse.

Bankman-Fried has also taken to Twitter to express his thoughts on the events of the past week and a half, a period during which his own personal fortune, estimated at $16 million at the start of the month, evaporated.

Since losing control of his businesses, Bankman-Fried has retained the services of a white-collar criminal defense attorney from the Paul Weiss firm. The lawyer, Flumenbaum, previously represented the sons of Ponzi schemer Bernie Madoff and junk bond trader Michael Milken, who spent two years in prison for securities fraud in the late 1980s.

Federal prosecutors in the Southern District of New York are investigating the collapse of FTX Trading, a person familiar with the matter told CNN. Authorities in the Bahamas, where FTX is based, launched a criminal investigation into the company over the weekend.

In a thread of more than 30 tweets this week, Bankman-Fried said he will always try to raise funds to make clients whole. In one, he lamented that “once upon a month ago, FTX was a valuable company…and we were seen as models of running an efficient business.”

But Thursday’s filing by FTX’s new CEO paints a starkly different picture of how the company was run.

One of the most compelling elements of Ray’s assessment points to “the use of software to conceal the misuse of customer funds” and a “covert exemption” from Alameda of aspects of the self-dealing protocol. liquidation of FTX.

Although Ray doesn’t explicitly accuse the company of fraud, Snyder says, the document contains what attorneys call “badges,” or indications.

“When you say you’re using backdoor software to misuse customer funds and exempt one of your major affiliates from an automatic liquidation protocol, those are badges of fraud.”

Self-liquidation refers to when an exchange like FTX automatically sells traders’ collateral when they fall into the red. An exemption for Alameda would suggest the hedge fund had an added measure of protection against high-risk bets.

One of the most common failures, Ray said, was lack of record keeping. Bankman-Fried often communicated about apps set to be automatically deleted after a short period of time and encouraged staff to do the same.

Ray also noted that the companies lacked sufficient “disbursement controls”, noting that some FTX employees received corporate funds to purchase homes and other personal items in the Bahamas.

Few companies’ financial statements appear to have been audited, and Ray said he has no confidence in their accuracy. In an example where an affiliate received audit notices, the rating was from “a firm I don’t know and whose website says it’s the ‘first CPA firm to officially open’ its Metaverse headquarters on the Decentraland metaverse platform.’ ”

Many FTX Group companies “did not have proper corporate governance” and some “never held board meetings,” the filing said.

Other procedural failings include “the absence of an accurate list of bank accounts and account signatories, as well as insufficient attention to the creditworthiness of banking partners”.

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3 InsurTech companies in the Middle East making insurance more accessible https://inzercepujcek.net/3-insurtech-companies-in-the-middle-east-making-insurance-more-accessible/ Tue, 15 Nov 2022 10:36:28 +0000 https://inzercepujcek.net/3-insurtech-companies-in-the-middle-east-making-insurance-more-accessible/ By Leandra Monteiro Today Bayzat Beema Insurance Car insurance The Middle East and Africa region holds great potential for the InsurTech industry. Insurance offerings in the region are extensive, with options for consumers and businesses covering property, health, life and non-life insurance, as well as other financial services including pensions and asset management. assets. Here […]]]>

By Leandra Monteiro

Today

  • Bayzat
  • Beema Insurance
  • Car insurance

The Middle East and Africa region holds great potential for the InsurTech industry. Insurance offerings in the region are extensive, with options for consumers and businesses covering property, health, life and non-life insurance, as well as other financial services including pensions and asset management. assets.

Here are 3 InsurTech companies in the Middle East to watch in 2023:

Bayzat is the work-life platform that benefits all businesses. The company aims to redefine the way work works for the best, making HR, payroll, benefits and insurance automation a possibility for all businesses.

It’s an all-in-one human resources and benefits platform that allows companies to manage payroll in minutes and pay their employees faster. Users can access their innovative benefits and health insurance solutions directly from the app. From analytics to automation to the latest InsurTech; Bayzat will provide you with the tools and technology to transform your business.

Launched with the aim of making insurance accessible and understandable to everyone, Policybazaar.com is among the best in the Indian insurance market. After dominating the Indian territory, the company set its sights on the insurance sector in the United Arab Emirates. Policybazaar.ae exclusively provides car insurance in the UAE. With a recent reform capping the minimum premium for car insurance in the emirates, the time seemed right for the entry of an unbiased aggregator. With features and strengths rated for people looking to buy policies on a budget, Policybazaar.ae looks forward to meeting the needs of every car owner.

Beema is a new era InsurTech provider that aims to make insurance attractive. It provides simpler, easier and fairer insurance through a data- and technology-intensive approach. Launched in 2019, Beema has received backing and support from ENOC (Investment Corporation of Dubai), BCG Digital Ventures and AXA.

Beema was the first player to launch behavioral car insurance policies in the region and is now officially the region’s first digital online car insurance provider that was designed with the customer in mind, resulting in a digital, fair, robust and flexible insurance platform. . The company’s all-digital strategy provides an end-to-end digital insurance solution that is seamless, simple and agile.

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Tesla officially opens its charging network to non-Tesla cars https://inzercepujcek.net/tesla-officially-opens-its-charging-network-to-non-tesla-cars/ Sat, 12 Nov 2022 04:17:00 +0000 https://inzercepujcek.net/tesla-officially-opens-its-charging-network-to-non-tesla-cars/ CNN — One of Tesla’s main competitive advantages in North America is its network of chargers, which for the most part can only charge Tesla vehicles. Tesla chargers outnumber so-called CCS chargers, the type used by Ford, General Motors, Audi, Rivian and others, by a factor of two to one, according to Tesla. Now Tesla […]]]>



CNN

One of Tesla’s main competitive advantages in North America is its network of chargers, which for the most part can only charge Tesla vehicles.

Tesla chargers outnumber so-called CCS chargers, the type used by Ford, General Motors, Audi, Rivian and others, by a factor of two to one, according to Tesla. Now Tesla has invited other automakers to build cars with charging ports that can work with Tesla’s charging format and for other charging companies, like EVGo, ChargePoint and Electrify America, to add outlets. Tesla style to their chargers.

It’s not yet clear if other companies might take up Tesla’s offer, or if they ever will.

Tesla drivers have long been able to use CCS chargers with a simple adapter that fits over the charging socket. But actually having a Tesla-style charging cord – Tesla now has dubbed the “North American Charging Standard”, or NACS, although not an official government designation, it would make the process easier and not require the purchase of an adapter.

For non-Tesla vehicles, the ability to use a Tesla Supercharger – the company’s name for its fast chargers – has been more complicated and requires, at best, a special adapter purchased from another company. Even then, it may still not work due to differences in how cars communicate with the charger.

Driving a car with a Tesla-style NACS charging station will make this much easier. But no automaker or charging company has so far announced its intention to accept Tesla’s offer announced in a blog post on Friday.

The company and its CEO, Elon Musk, have previously talked about opening up its charging network to non-Tesla vehicles. The company has started doing this in Europe, where Tesla vehicles are equipped with a European version of the industry-standard CCS-style charging ports.

On the same day Tesla announced its offer for other companies to use its charging format, the charging company EVGo announced a temporary offer for Tesla drivers with a CCS adapter to use EVGo fast charging stations without paying fees monthly subscription.

Under EVGo’s existing plan, called Autocharge+, Tesla drivers can use the EVGo phone app to connect and quickly start a charging session. The timing of EVGo’s promotional announcement was coincidental, said Jonathan Levy, EVGo’s chief commercial officer, and EVGo currently has no plans to begin installing Tesla charging cables at its stations.

In the past, Tesla has offered to license other companies to use various Tesla-patented technologies, but that meant the companies had to abide by Tesla’s “Patent Pledge.”

Under the terms of this agreement, companies that wanted to use Tesla technology had to agree not to sue Tesla for any kind of patent infringement or to help any other company do so, essentially offering patent sharing. from Tesla a two-way street. .

It’s unclear whether Tesla’s patent promise applies to the use of the NACS charging standard. Tesla, which does not usually respond to questions from the media, did not respond to emailed questions on the matter.

Bill Visnic, editorial director of the Society of Automotive Engineers, or SAE, said he didn’t think automakers would accept Tesla’s offer. CCS is a standard developed by SAE with a consortium of automotive manufacturers.

“There’s a lot of significant work and collaboration that went into it,” he said.

Even Visnic admitted, however, that Tesla chargers tend to be more reliable and easier to use than other public chargers.

As for the charging companies, Visnic said, it’s likely they’ll want to keep their chargers using the CCS standard since Tesla already has a larger network of chargers and many Tesla drivers can easily use a adapter. (Some Tesla vehicles do not work with CCS adapters.)

But charging companies may want to add these cables because it could attract new customers, said Jim Burness, CEO of National Car Charging, a wholesaler of equipment for the electric vehicle charging industry. Burness owns a Tesla as a personal vehicle.

“It will help owners of older Teslas who would otherwise not only have to buy an adapter, but also pay for an upgrade to their car if the plug is right there on the station,” he said.

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Meta to lay off 11,000 employees as Zuckerberg says he’s ‘responsible for missteps’ https://inzercepujcek.net/meta-to-lay-off-11000-employees-as-zuckerberg-says-hes-responsible-for-missteps/ Wed, 09 Nov 2022 21:11:00 +0000 https://inzercepujcek.net/meta-to-lay-off-11000-employees-as-zuckerberg-says-hes-responsible-for-missteps/ New York CNN Business — Facebook parent company Meta announced on Wednesday that it was laying off 11,000 employees, marking the largest job cuts in the tech giant’s history. The job cuts come as Meta faces a series of challenges to its core business and makes an uncertain and costly bet on pivoting to the […]]]>


New York
CNN Business

Facebook parent company Meta announced on Wednesday that it was laying off 11,000 employees, marking the largest job cuts in the tech giant’s history.

The job cuts come as Meta faces a series of challenges to its core business and makes an uncertain and costly bet on pivoting to the Metaverse. It also comes amid a series of layoffs at other tech companies in recent months, as the high-flying sector reacts to high inflation, rising interest rates and fears of a looming recession. .

“Today, I share some of the toughest changes we’ve made in Meta’s history,” CEO Mark Zuckerberg wrote in a blog post to employees. “I have decided to reduce the size of our team by approximately 13% and let over 11,000 of our talented employees go. »

The job cuts will impact many areas of the business, but Meta’s recruiting team will be particularly hard hit as “we expect to hire fewer people next year,” Zuckerberg said in the post. . He added that a hiring freeze would be extended through the first quarter, with some exceptions.

As of September, Meta had more than 87,000 employees, according to a September SEC filing.

Meta’s core ad sales business has been hit by privacy changes implemented by Apple, advertisers tightening budgets and increased competition from new rivals like TikTok. Meanwhile, Meta has spent billions to build a future version of the Internet, dubbed the Metaverse, which is likely years away from widespread acceptance.

Last month, the company posted its second quarterly revenue decline and said its profit had been cut in half from a year earlier. Once valued at over $1 trillion last year, Meta’s market value has since dropped to around $250 billion.

“I want to take responsibility for these decisions and how we got here,” Zuckerberg wrote in his post Wednesday. “I know this is difficult for everyone, and I’m especially sorry for those affected.”

Shares of Meta rose 5% in trading on Wednesday after the announcement.

Meta isn’t the only one feeling the pain of a market downturn. The tech sector has faced a dizzying reality as inflation, rising interest rates and more macroeconomic headwinds have driven a stunning shift in spending for an industry that has only become more dominant. as consumers spent more of their lives online during the pandemic.

“At the onset of Covid, the world quickly came online and the rise of e-commerce drove outsized revenue growth,” Zuckerberg wrote on Wednesday. “Many people predicted that this would be a permanent acceleration that would continue even after the pandemic was over. I, too, have therefore taken the decision to considerably increase our investments. Unfortunately, it didn’t go as I had hoped.

“I was wrong and I take responsibility for it,” he added.

Meta’s workforce in September was nearly double the 48,268 employees it had at the start of the pandemic in March 2020.

A handful of tech companies have announced hiring freezes or layoffs in recent months, often after experiencing rapid growth during the pandemic. Last week, ride-sharing company Lyft said it was laying off 13% of its employees, and payment processing company Stripe said it was cutting 14% of its workforce. On the same day, e-commerce giant Amazon announced that it was implementing a pause in corporate hiring.

Also last week, Facebook rival Twitter announced sweeping layoffs affecting roles across the company as its new owner, Elon Musk, took the helm.

In addition to the layoffs, Zuckerberg said the company plans to “implement more cost-cutting changes” in the coming months. Meta, which like other tech giants is known for its expansive, perk-filled offices, is rethinking its real estate needs, he said, and “moving to office sharing for people who are already spending the most of their time away from the office”.

“Overall,” he said, “this will contribute to a significant cultural shift in the way we operate.”

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What to think about before dropping a life insurance policy – ​​InsuranceNewsNet https://inzercepujcek.net/what-to-think-about-before-dropping-a-life-insurance-policy-insurancenewsnet/ Fri, 04 Nov 2022 13:34:21 +0000 https://inzercepujcek.net/what-to-think-about-before-dropping-a-life-insurance-policy-insurancenewsnet/ CHICAGO – November 4, 2022 – (Newswire.com) Ownership of life insurance has declined over the past decade. According to a January 2022 LIMRA study, only 50% of consumers had life insurance. This percentage was down from 59% in 2012. Life insurance owners may be tempted to drop their current policy if they feel it is […]]]>
CHICAGONovember 4, 2022 – (Newswire.com)

Ownership of life insurance has declined over the past decade. According to a January 2022 LIMRA study, only 50% of consumers had life insurance. This percentage was down from 59% in 2012. Life insurance owners may be tempted to drop their current policy if they feel it is too expensive or no longer needed.

Fortunately, there are alternatives, such as purchasing life insurance without a medical exam, that can allow buyers to continue purchasing a policy. Here are four questions life insurance owners should ask themselves before giving up their life insurance.

1. Would the policyholder’s life insurance policy provide its beneficiaries with the support they need?

An insured who gets rid of his life insurance policy would mean that his beneficiaries could lose the support they need if the insured were to pass away. In particular, if the insured is the main wage earner, with the loss of income, the family will find it difficult to pay for daily expenses such as gas and groceries. An investigation found that families began to struggle within six months of the death of the main wage earner. Therefore, the owner of life insurance must carefully consider whether his family would still need the death benefit from his policy if he were to die.

2. Is there a more affordable coverage option?

Given the ever-changing financial circumstances, some life insurance owners may wonder if their policy is too expensive to continue owning. Instead of giving up the policy, life insurance owners can look around to see if there is a more affordable option. Some providers will allow a policyholder to convert their current policy to a different type. For example, a life insurance owner may decide that a whole life insurance policy is no longer affordable to them and choose to convert the policy to a less expensive term life insurance policy.

3. Is the insured’s family at risk of losing their house or car?

Some life insurance owners choose to obtain a life insurance policy to cover a debt, such as a car loan or mortgage. Life insurance owners may feel like they’ve paid off enough of their debt that they no longer need a policy. Instead of getting rid of the policy, an alternative that could be considered is to reduce the amount of coverage. For example, let’s say an individual is currently 20 years into a 30 year mortgage. A policyholder could reduce their coverage amount to the amount remaining to be paid. Reducing the amount of coverage also reduces the cost of coverage, making it more affordable.

4. Will the final costs of the insured be covered?

Some policyholders may be at the point where their children are financially independent and all of their debts are paid off. Although life insurance is no longer required to cover these expenses, it may be required to cover final expenses. Without a policy, funeral costs can weigh financially on surviving family members. If a policyholder’s current policy is no longer needed, they might consider converting it to a final expense insurance policy. One of the advantages of this policy is that it generally does not require a medical examination. Final expense insurance can help cover funeral and end-of-life costs and allow a family to focus on bereavement. Careful consideration of these questions can help life insurance owners make a better decision about what to do with their policy.

Conclusion

Answering the questions in this article is the first step to ensuring you get an insurance policy that meets your needs. Of course, after really thinking about life insurance and how it can help your family, you probably have a few questions. With the rest of the questions, Fidelity Life can guide you through the process.

Fidelity Life does not offer medical life insurance. Life insurance buyers can discuss their options with an agent or buy life insurance quotes online. The process is quick and easy and starts with answering a few questions to get a font that meets their needs. Fidelity Life will then guide the applicant through the application and purchase process.

Contact information:

Laura Zimmerman

Marketing Director

[email protected]

(312) 288-0068

press release department
by
Newswire.com

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Insurance rates could rise to cover stolen Hyundais and Kias https://inzercepujcek.net/insurance-rates-could-rise-to-cover-stolen-hyundais-and-kias/ Tue, 01 Nov 2022 22:30:00 +0000 https://inzercepujcek.net/insurance-rates-could-rise-to-cover-stolen-hyundais-and-kias/ Gerry Kennedy, an insurance broker, thinks insurance rates for everyone will go up to offset the cost of stolen Hyundais and Kias. COLUMBUS, Ohio – Auto insurance rates could rise as Hyundais and Kias continue to be stolen in central Ohio. According to statistics from the Columbus Police Division, 273 Hyundais and 224 Kias were […]]]>

Gerry Kennedy, an insurance broker, thinks insurance rates for everyone will go up to offset the cost of stolen Hyundais and Kias.

COLUMBUS, Ohio – Auto insurance rates could rise as Hyundais and Kias continue to be stolen in central Ohio.

According to statistics from the Columbus Police Division, 273 Hyundais and 224 Kias were stolen between January 1, 2021 and October 15, 2021. During the same period this year, 1,497 Hyundais and 1,243 Kias were stolen. been stolen.

CrimeTracker 10 reports year-to-date Hyundai and Kia thefts. Cars are targeted because they are easy to steal, police say. Base models have a key and lack an anti-theft component which Kia says has been added to its newer models.

Gerry Kennedy, an insurance broker, thinks insurance rates for everyone will go up to offset the cost of stolen Hyundais and Kias.

“Will prices increase as data arrives? Definitely yes. New risks require new premiums. Will it get harder? It depends on the magnitude and severity,” Kennedy said.

Gladys Young, who lives on the west side of town, had her 2020 Hyundai Elantra stolen twice in four months. Once on July 27 and again on October 25. His car had only been back from the store after the first theft for a month before it was stolen again.

Young’s adjuster hasn’t told her how the latest theft will affect her bottom line, but she’s not letting it affect her job or her attitude.

“I’m going to fight until the end until something is done because it doesn’t make sense that hard working people here are trying to keep a car running to go to work or to an appointment. you to the doctor or something and then the kids come and steal her,” Young says.

CrimeTracker 10: recent coverage ⬇

https://www.youtube.com/watch?v=videoseries

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States That Prohibit Using Gender and Credit Scores in Setting Auto Insurance Rates – Flux Magazine https://inzercepujcek.net/states-that-prohibit-using-gender-and-credit-scores-in-setting-auto-insurance-rates-flux-magazine/ Sat, 29 Oct 2022 14:58:44 +0000 https://inzercepujcek.net/states-that-prohibit-using-gender-and-credit-scores-in-setting-auto-insurance-rates-flux-magazine/ Al Woods words Auto insurance is all about risk. When you purchase an insurance policy, you are essentially paying for the insurance company to assume the risk of an accident or accident. Insurance companies set their premiums based on various risk factors, such as your driving record, where you live, the type and age of […]]]>

Al Woods words

Auto insurance is all about risk. When you purchase an insurance policy, you are essentially paying for the insurance company to assume the risk of an accident or accident. Insurance companies set their premiums based on various risk factors, such as your driving record, where you live, the type and age of car you drive, etc.

But some of these factors are not related to driving behavior or environmental hazards such as natural disasters. Gender and credit scores have long been used as factors when determining insurance rates, but some states now ban the practice.

Photo by Evgeny Chebotarev on Unsplash

Why insurance companies use gender and credit scores

So why have gender and credit score been criteria for insurance rates until now?

When it comes to gender, one reason comes down to statistics – the cornerstone of assessing a claim’s risk. Statistically, women drive less, are less likely to have car accidents, be involved in a DUI, or receive traffic tickets than men. There is statistical evidence that men engage in riskier and more aggressive behaviors on the road, especially when they are younger or in their teens. As a result, women tend to pay less for car insurance than men. This policy has been criticized for sex discrimination – not only is gender equality becoming a larger and more common issue, but the push towards non-binary gender recognition means that state identification documents could soon include a third option for sex. This will force a change in the way insurance companies assess gender-related risks.

Credit scores are used by insurance companies because credit scores are used to assess a person’s likelihood of repaying a loan, credit card payments, or other financial obligations. If your credit rating is low, lenders and insurers may consider you unreliable when it comes to paying your bills. One of the reasons the use of credit scores by insurance companies has been criticized is that some feel it unfairly discriminates against economically disadvantaged people. This is especially true for minorities — people of color have less access to generational wealth and proportionately lower credit scores, pushing them toward subprime lenders who charge far more interest.

Which states have banned the use of sex and credit scores

Here are the states where the use of gender in determining insurance rates is prohibited:

  • California
  • Hawaii
  • Massachusetts
  • Michigan
  • Montana (which first banned the use of gender information in 1985, but recently reversed the ban in 2021)
  • North Carolina
  • Pennsylvania.

Here are the states where the use of credit score information is prohibited:

  • California
  • Hawaii
  • Maryland
  • Massachusetts
  • Michigan
  • Oregon
  • Utah
  • Washington

The effect of the ban on insurance rates

Does banning gender and credit score information make a difference to insurance rates?

It depends on who you ask. Overall, men pay more for car insurance than women with or without a ban on using gender information. For example, Kristine Lee of The Zebra points out that while the overall gender disparity in premiums is quite small for adult drivers, the difference between teen and female drivers is much larger: teen drivers pay $600 more per year than teenage girls. .

Other studies have shown that in states where the use of gender information is prohibited, men pay about 6% more than women in car insurance premiums. In states where it is not prohibited, this difference is closer to 10%. Anyway, women pay less for car insurance, but there is a definite change in the degree.

To look forward

Will more states ban factors such as gender and credit scores in the future? It seems likely. Insurance companies are beginning to focus more on risk factors that are within the driver’s control, excluding factors such as gender. In addition, the discriminatory nuances of using credit scores as a risk indicator for insurance may lose popularity and be less and less emphasized by insurance companies.

Of course, some criteria are unlikely to change any time soon, even if they have nothing to do with driving behavior. For example, living in an area prone to natural disasters such as floods or tornadoes will always present an increased risk of costly insurance claims. Living in a dense urban area means more risk of vandalism or car theft, not to mention increased traffic and the number of pedestrians and cyclists on the road means a greater likelihood of an accident.

What will most likely happen as gender and credit information becomes less relevant to insurance premiums is that insurers will compensate for this with a more accurate assessment of other risk factors. For example, the use of technologies such as telematics trackers and AI/machine learning will allow insurers to more accurately measure risk based on driving behavior.

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Threat of railway strike rises as members of another union reject proposed labor deal https://inzercepujcek.net/threat-of-railway-strike-rises-as-members-of-another-union-reject-proposed-labor-deal/ Wed, 26 Oct 2022 23:10:00 +0000 https://inzercepujcek.net/threat-of-railway-strike-rises-as-members-of-another-union-reject-proposed-labor-deal/ New York CNN Business — Rank and file members of another railroad union have rejected an interim labor agreement, a move that further raises the odds that U.S. freight rail workers will go on strike next month. The Brotherhood of Railway Signalmen voted against September’s tentative agreement, according to results announced Wednesday. The vote was […]]]>


New York
CNN Business

Rank and file members of another railroad union have rejected an interim labor agreement, a move that further raises the odds that U.S. freight rail workers will go on strike next month.

The Brotherhood of Railway Signalmen voted against September’s tentative agreement, according to results announced Wednesday. The vote was 2,810, or 60.5%, against the proposed four-year deal, and 1,820, or 39.2%, for it. The union represents more than 6,000 employees of the country’s major freight railways who install, repair and maintain the signaling systems used to direct trains.

“For the first time in my memory, BRS members voted not to ratify a national accord, and with the highest turnout in BRS history,” said Michael Baldwin, president of BRS. the BRS, in a press release.

Earlier this month, rank-and-file members of the District Brotherhood of Way Maintenance Employees (BMWED), which represents about 23,000 way maintenance workers, voted to reject a work agreement similar, paving the way for a possible strike as soon as 19 November.

The National Carriers Conference Committee, which bargains on behalf of the railways with all unions, issued a statement saying it was “disappointed” with the results of the vote, but said that due to the period of current thinking “Failure to ratify does not mean current risk of immediate service disruption.

It’s unclear what day the flagmen’s union could go on strike, union president Michael Baldwin told CNN. Under the law that controls the railroad workforce, unions can go back on strike after Congress returns to session for five days. But there’s no telling when that clock will start ticking if Congress sits only briefly before a Thanksgiving break. He said his union and the BMWED may not be able to go on strike until early December.

Labor relations in the railroads are subject to a different labor law than that which governs workers in most American companies. Railroad unions face limits on when they can strike and cannot act during cooling-off periods following a “no” vote by members. Congress can also prevent or end a strike by extending a cooling-off period during which unions cannot strike, or by imposing a contract on union members.

Ahead of the September strike deadline, many business groups were urging Congress to act. However, Democratic leaders have expressed reluctance to go against unions and order them to stay on the job.

Even if the Democrats lost control of one or both houses of Congress in the midterm elections, they would still have legislative control during the so-called lame duck session that would continue through the end of the year. year.

Baldwin also said he’s also concerned that Congress will order unions to stay on the job, either by imposing a new contract close to what the railroads want or by extending the cool-down period until the end of the week. next year.

“I personally don’t think Congress will allow anyone to shut down the economy and its supply chains,” he said.

Flaggers’ union rank-and-file members are mostly upset about the lack of paid sick leave, Baldwin said.

“That’s the resounding message we heard everywhere,” he said. “Our guys have been working through the pandemic. Employers quarantined them at home and they weren’t paid.

In the past, the rail unions accepted higher pay in return for no sick days, except for extended medical absences. The Interim Agreements do not alter these provisions.

Members of six of the railroad’s smaller unions have ratified their contracts despite the lack of sick leave. But it looks like this could be a sticking point in hammering out a deal that BMWED and Signalmen membership will accept.

After BMWED rejected their tentative deal, union leaders proposed adding paid sick leave in a bargaining session, only for management to reject the motion out of hand. Baldwin said he would make the same offer at the negotiating table.

“I anticipate they’re going to tell me no too,” he said. “They denied us the opportunity to negotiate in good faith for three years. That’s not going to change now.

Although these unions are smaller than the two that represent drivers and engineers, a strike by one of the 12 freight rail unions would be honored by the others and shut down operations of the major freight railways in the country.

This, in turn, would create massive problems for the US economy, worsening still-struggling supply chains and triggering widespread bottlenecks and shortages. About 30% of US freight, measured by weight and distance traveled, moves by rail. Prices for goods, from gasoline to food to cars, could skyrocket if trains stop. Additionally, factories may be forced to close temporarily due to parts shortages. Goods that consumers want to buy during the holiday season could be missing from store shelves.

Railway unions nearly went on strike last month before last-minute deals were reached on September 15 with unions representing drivers and engineers. The tentative agreements followed a marathon 20-hour negotiating session that included direct intervention from President Joe Biden and Labor Secretary Marty Walsh.

New contracts pending for all unions include an immediate 14% raise with salary arrears dating back to 2020, and wage increases totaling 24% over the four-year term of the contracts, which run from 2020 to 2024 They also give union members bonus money of $1,000 a year.

In total, back wages and bonuses will give union members an average payout of $11,000 per worker once the agreement is ratified.

But the deals were difficult to negotiate not because of financial terms, but because of work rules that unions said had brought engineers and operators to breaking point. Staff shortages had forced crew members to be on call seven days a week, ready to report for duty on short notice.

The conductors’ and engineers’ unions won changes to the existing rules in final negotiations to avoid a strike. Union leaders said that without these changes, members would not have ratified the agreement.

But there are fears that anger over the existing rules could prompt some members to vote against a new contract to vent their frustration – even though the rules have been changed.

Union officials are also concerned that the “no” votes from BMWED unions and signal workers are a sign that the contract will be rejected by conductors and rank-and-file engineers. A union official told CNN Business after the BMWED vote last week that the outcome of those votes was now a “knock toss.”

Baldwin said railroad downsizing in recent years and the resulting increased workload for remaining workers has angered his members, and that’s another factor that makes it difficult approval of agreements.

“We have a lot of members who are unhappy with employers, with good reason,” he said.

The anger of the base unions was not only expressed against the railways. Union members working in other industries have recently been reluctant to endorse deals, even recommended by their leaders. Although most union contracts are ratified, there have been high profile examples of union members voting ‘no’.

About 10,000 members of the United Auto Workers at agricultural equipment maker John Deere went on strike last fall after they rejected a tentative agreement. This rejected offer included immediate increases in their base salary of 5% to 6%, and additional salary increases later in the contract which could have increased the average salary by approximately 20% over the life of six years. of the contract. And there was a cost-of-living adjustment that would give workers extra pay based on future inflation.

But more than 90% of UAW members at Deere voted no and went on strike, then remained on strike after rejecting a subsequent offer. They finally returned to work after five weeks following a third vote on a similar package.

Strikers at cereal maker Kellogg (K) also rejected a tentative deal and decided to stay on strike in December before finally agreeing to a contract a few weeks later.

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The ex-owner had a history of arrests for murder, fraud https://inzercepujcek.net/the-ex-owner-had-a-history-of-arrests-for-murder-fraud/ Fri, 21 Oct 2022 22:52:30 +0000 https://inzercepujcek.net/the-ex-owner-had-a-history-of-arrests-for-murder-fraud/ Atherton Police on Friday continued a thorough search of a 1990s Mercedes convertible that appears to have been buried for more than 30 years at a residence in the affluent town of Atherton. Dogs trained to find dead bodies gave “slight” indications that human remains might be in the car, but officials said Friday afternoon […]]]>

Atherton Police on Friday continued a thorough search of a 1990s Mercedes convertible that appears to have been buried for more than 30 years at a residence in the affluent town of Atherton.

Dogs trained to find dead bodies gave “slight” indications that human remains might be in the car, but officials said Friday afternoon that none had yet been located.

While the reaction could be attributed to human remains, the dogs could also react to any combination of blood, old bones or human vomit, police said.

Officials said they believe the owner of the vehicle is deceased, but would not confirm any other links between the owner of the car and a former owner of the house, Johnny Bocktune Lew, who has a long history of alleged crimes. , with past arrests for murder and insurance. fraud, records show.

“We heard that name come up,” said Atherton Police Commander Dan Larsen, but added that police had not determined whether the inquiry would become a criminal investigation.

The current owners of the estate at 351 Stockbridge Ave. – which includes a mansion, swimming pool and tennis court – were unaware that the vehicle was 4 or 5 feet underground. It was salvaged from the backyard by contractors working on a landscaping project.

The current owners could not be reached for comment.

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