February 25, 2021

10 major auto insurance companies sued over premiums during pandemic

LAS VEGAS — Class action lawsuits were filed in Nevada against 10 major auto insurance companies on Tuesday, contending that the companies charged excessive insurance premiums during the pandemic by failing to account for a drop in driving and crashes.

The lawsuits acknowledge that some insurers provided discounts over the emptier roads and drop in accidents and claims, but the discounts did not offer “any meaningful relief that actually reflects the reduction in cars on the road and reduced driving during the pandemic,” according to the court filings. The rates that were charged violate state law against excessive premiums, the

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We put our spendthrift neighbors in touch with our financial adviser. They called her ‘lousy.’ So how come WE are the ones who retired early?

My husband and I retired early. We were very frugal. Friends called us cheap. We prefer thrifty or frugal. We had no children, they had three kids; we rarely took vacations, they vacationed every year. Who deserves an annual vacation? There’s a reason why we retired early.

We always paid cash for our modest cars, but then drove our cars for 10 years or more. I don’t think they ever went two months without at least even one car payment.

We love our financial adviser, and our extravagant neighbors, keen to retire early like us, asked for her business card.

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New York assemblyman: ‘Follow the money’ on Cuomo and nursing home industry

New York Assemblyman Ron Kim (D), who last week said he was threatened by Gov. Andrew CuomoAndrew CuomoCuomo job approval drops 6 points amid nursing home controversy: poll Cruz blames criticism of Cancun trip on media ‘Trump withdrawal’ The Hill’s Morning Report – Presented by The AIDS Institute – Tanden’s odds plummet to lead OMB MORE (D) for seeking answers on the handling of coronavirus outbreaks in the state’s nursing homes, said on Monday to “follow the money” in the scandal.

“Back on March 25, the governor issued a mandate that sent 9,000 COVID patients back to nursing homes

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Fry’s Electronics suddenly went out of business

The company, which had 31 stores across nine US states, said in a statement on its website that it “made the difficult decision to shut down its operations and close its business permanently” because of changing consumer shopping habits and the ongoing Covid-19 pandemic.

Based in San Jose, California, the privately held company was a family business. It was founded in 1985 by the three Fry brothers with the goal of being a “Silicon Valley retail electronics store to provide a one-stop-shopping environment for the Hi-Tech Professional.”

“It is hoped that undertaking the wind-down through this orderly process will reduce

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PPP loans: Biden administration changes rules to help reach the smallest businesses

Starting Wednesday, small businesses with fewer than 20 employees will have a two-week exclusive window to apply for the funding. Bigger businesses will be blocked during that time period.

The administration will also change some eligibility rules, effective the first week in March. The self-employed, sole proprietors and independent contractors can now qualify for more money. They previously were excluded altogether or received as little as $1 because the loan amounts were calculated based on the number of employees.

The loan program will also open up to small business owners with non-fraud related felonies, those delinquent on their federal student … Read More

There’s a hidden financial drawback to remote working

Employers across the country quickly embraced remote working when the COVID-19 pandemic began last year, and in many cases companies have suggested the new working arrangement was a success.

Remote working becoming the new normal was a godsend for many employees, particularly those who worked in major metropolitan areas along the coasts where the cost of housing was high. Suddenly, these workers seemingly had the freedom to work from anywhere — meaning they could move further out into the suburbs where larger homes are cheaper without having to necessarily worry about the burden of a long commute.

But new research

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