April 8, 2021

Reaches

Officials: Oklahoma reaches $25 million settlement with Farmers Insurance over earthquake claims

OKLAHOMA CITY (KFOR) – Following devastating earthquakes in Oklahoma, state leaders say they have finally reached a settlement agreement with Farmers Insurance.

From 2010 through May of 2016, officials say only 19 percent of earthquake insurance claims in Oklahoma were paid.

In fact, many homeowners who suffered significant earthquake damage had their claims denied because the insurance companies deemed the damage as just settling.

Now, Oklahoma Attorney General Mike Hunter and Insurance Commissioner Glen Mulready say they have reached a $25 million settlement with Farmers Insurance for the company’s handling of earthquake claims.

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UPDATE 1-Mexican government reaches deal with business over outsourcing

(Adds context, details)

MEXICO CITY, April 5 (Reuters) – Mexico’s government said on Monday it had reached a deal with business and labor representatives on a new legal framework for subcontracting staff that would boost profit sharing for workers and allow only specialized services to be outsourced.

The accords follow months of negotiation between business leaders and leftist President Andres Manuel Lopez Obrador over a draft bill to make outsourcing tougher, which has caused concern in the private sector in Mexico and the United States.

The measures agreed will now pass to Congress for debate, the government said in a

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Math teacher reaches financial independence at 33 years old

From the moment Steve Chen saw his first paycheck, he knew the job wasn’t going to pan out. He started his career as a public school teacher in 2014, teaching math to middle-school students in Los Angeles, and the pay just wasn’t enough.

He was making a little over $5,000 a month pre-tax. But after all the taxes and benefits were deducted, he was left with barely enough money to enjoy his life the way he wanted to. 

“I live in California. A lot of the stuff here is super expensive, like with taxes, food, and living costs. I did

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Hedge Fund Reaches a Deal to Buy Tribune Publishing

The newspaper business has struggled for most of the 21st century as the rise of digital media has cut deeply into the revenue once generated by print advertising and newsstand sales. At the same time, Facebook and Google have grabbed a huge chunk of digital ad revenue, effectively blocking the industry from one of its traditional sources of cash.

Roughly a quarter of the newspapers in the United States, most of them weeklies, were shut down between 2004 and 2019, while about 50 percent of newspaper jobs were eliminated. Hedge funds, however, see newspapers as a potential bargain. With a

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