Property insurance

Charlie, The New Standard for 62+ Banking Services*, Launches FraudShield – Comprehensive, Personalized Financial Fraud Protection for Older Americans

Retrieved on: 
Wednesday, November 8, 2023

Tapping into older Americans’ static habits, patterns, and preferences, Charlie has designed a product that makes protecting this vulnerable population achievable.

Key Points: 
  • Tapping into older Americans’ static habits, patterns, and preferences, Charlie has designed a product that makes protecting this vulnerable population achievable.
  • With over $28 billion stolen from older Americans each year, Charlie’s anti-fraud tools are a game-changer in the fight against financial fraud.
  • View the full release here: https://www.businesswire.com/news/home/20231108888096/en/
    Charlie FraudShield is a comprehensive, personalized suite of fraud protection tools built exclusively for the unique needs of 62+ Americans.
  • FraudShield is a breakthrough in protecting older Americans from devastating financial fraud.”
    Charlie believes that the financial services industry has been building anti-fraud features without considering how older Americans live their day-to-day lives.

Trump vs. Biden, the sequel, is a battle of two older men with big liabilities

Retrieved on: 
Tuesday, November 7, 2023

Both candidates have flaws but so far have batted away all contenders from within their own parties.

Key Points: 
  • Both candidates have flaws but so far have batted away all contenders from within their own parties.
  • Biden, who turns 81 in a few days, has the majority of both Democrats and Republicans believing he’s too old for a second term.
  • Unless Biden withdraws, he can be assured of the Democratic nomination, notwithstanding the unenthusiastic support from many in his party.

Four indictments? No problem

  • If Trump is the Republican nominee, former vice-president Mike Pence won’t return as his running mate.
  • There has been no love lost between the two men since the turbulent end of Trump’s presidency.
  • Trump will have the opportunity to select someone new, making the Republican ticket in 2024 different from that in 2016 and 2020.

What to watch for

  • The most recent was in the 1950s, when Dwight D. Eisenhower faced Adlai Stevenson in two consecutive elections.
  • Democrat Grover Cleveland stands alone in American history as the only president to serve non-consecutive terms — the exclusive club that Trump hopes to join.
  • Just like Trump, Cleveland served one term and was defeated by Benjamin Harrison, but returned to power by soundly defeating Harrison four years later.
  • He will likely rely on others — Harris and other Democratic party politicians — for the hard slogging.

Looking back at Nixon vs. Kennedy

  • Richard Nixon came to the debate with a lack of makeup, a five o’clock shadow, grey suit and directed his comments at the studio audience rather than the TV camera.
  • In contrast, John F. Kennedy was tanned, blue suited and spoke directly to the camera.
  • Those who watched the debate on television declared Kennedy the winner, while those who listened on the radio concluded that Nixon’s performance was superior.


Thomas Klassen does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Why it's a good bet the RBA's Melbourne Cup Day interest rate hike will be the last

Retrieved on: 
Tuesday, November 7, 2023

At its meeting last week, the US Federal Reserve kept its official interest rate on hold.

Key Points: 
  • At its meeting last week, the US Federal Reserve kept its official interest rate on hold.
  • Reserve Bank Governor Michele Bullock’s statement accompanying Tuesday’s hike in Australia’s cash rate makes it look as if we’re about to join that club.
  • It makes it look as if this hike from 4.1% to 4.35% – a 12-year high – will be the last.

The RBA has taken our insurance

  • The statement makes it look as if it wanted to take out insurance.
  • While the bank still expects inflation to continue to fall, it says progress now looks “slower than earlier expected”.
  • It isn’t that it thinks inflation won’t keep coming down; it’s that it wants to be sure it is.

Australian hikes hit harder than in the US

  • The US, the UK, the EU, Canada and New Zealand all have higher official rates than Australia.
  • Here’s why: almost all US home borrowers are on fixed rates, meaning their required mortgage payments don’t increase.
  • And US fixed rates are nothing like Australian fixed rates.
  • The typical term in the US is 30 years, rather than the two to three years common in Australia.
  • This means that, as long as borrowers in the US don’t refinance or move homes, their payments are fixed for the entire term of their loans.
  • After a year of less-high Australian rates, Australian consumers are buying 1.7% less.

‘Painful squeeze’

  • She also noted others were benefiting from rising housing prices, substantial savings buffers and higher interest income.
  • Bank calculations suggest one in 20 variable-rate borrowers are now going backwards – paying more for essential expenses and housing than they earn.

A frugal Christmas, before possible rate drops in 2024

  • It is also looking like prices scarcely increased at all last month.
  • The Melbourne Institute inflation gauge, which comes out ahead of the Bureau of Statistics gauge and broadly tracks it, fell 0.1% in October.
  • It’s pointing to a frugal Christmas in which retailers are going to have to discount if they want to move goods, taking further pressure off inflation.
  • Read more:
    Petrol is holding up inflation – the 7 graphs that show what's happening to prices and what it will mean for interest rates


Peter Martin is Economics Editor of The Conversation.

Westland Insurance and BOXX Insurance partner to address homeowners surging personal cyber safety concerns

Retrieved on: 
Monday, November 6, 2023

Surrey, BC/Territories of the Coast Salish (Kwantlen, Katzie, Semiahmoo, Tsawwassen First Nations), Nov. 06, 2023 (GLOBE NEWSWIRE) -- Westland Insurance (Westland), one of Canada’s largest and fastest growing independent insurance brokers, has joined forces with global insurtech BOXX Insurance (BOXX), to offer a new comprehensive cyber insurance product.

Key Points: 
  • Surrey, BC/Territories of the Coast Salish (Kwantlen, Katzie, Semiahmoo, Tsawwassen First Nations), Nov. 06, 2023 (GLOBE NEWSWIRE) -- Westland Insurance (Westland), one of Canada’s largest and fastest growing independent insurance brokers, has joined forces with global insurtech BOXX Insurance (BOXX), to offer a new comprehensive cyber insurance product.
  • Westland recognizes this need and is committed to providing cyber coverage that protects clients and gives them peace of mind.
  • Westland has made it convenient for clients to purchase the BOXX cyber insurance coverage online or in-branch.
  • Don't wait until it's too late - for more information about this cyber insurance policy offered through Westland, please visit this website or westlandinsurance.ca.

Tenable to Participate in Upcoming Investor Events

Retrieved on: 
Friday, November 3, 2023

COLUMBIA, Md., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Tenable® , the Exposure Management company, today announced its chief financial officer, Steve Vintz, is scheduled to attend the Needham Infrastructure, Data Analytics, & Cloud Communications Virtual Conference, D.A.

Key Points: 
  • COLUMBIA, Md., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Tenable® , the Exposure Management company, today announced its chief financial officer, Steve Vintz, is scheduled to attend the Needham Infrastructure, Data Analytics, & Cloud Communications Virtual Conference, D.A.
  • Davidson Technology Summit and Barclays Global Technology Conference.
  • Tenable chairman and chief executive officer, Amit Yoran, will join Vintz to attend the Wells Fargo TMT Summit.
  • Yoran will participate in a fireside chat at the Stephens Annual Investment Conference.

Verisk Estimates Industry Insured Losses from Hurricane Otis to Range from MXN 50 Billion to MXN 110 Billion (~USD 3 Billion to 6 Billion)

Retrieved on: 
Wednesday, November 1, 2023

BOSTON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses to onshore property for Hurricane Otis will likely fall from MXN 50 billion to MXN 110 billion (~USD 3 billion to 6 billion).

Key Points: 
  • BOSTON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses to onshore property for Hurricane Otis will likely fall from MXN 50 billion to MXN 110 billion (~USD 3 billion to 6 billion).
  • Hurricane Otis first became a tropical depression on October 22, with the forecast at the time anticipating it not reaching hurricane strength nor reaching land.
  • At 1:00 am local time Tuesday, Otis remained a tropical storm with maximum sustained winds of 50 mph.
  • As Otis continued to strengthen that morning, the official forecast was increased to bring the cyclone to hurricane intensity by landfall.

IFF Reports Third Quarter 2023 Results

Retrieved on: 
Monday, November 6, 2023

IFF (NYSE: IFF) reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • IFF (NYSE: IFF) reported financial results for the third quarter ended September 30, 2023.
  • "In the third quarter we delivered both sales and profit ahead of our expectations," said IFF CEO Frank Clyburn.
  • A live webcast to discuss the Company’s third quarter 2023 financial results will be held on November 7, 2023, at 9:00 a.m.
  • 2 Comparable results for the third quarter exclude the impact of divestitures and acquisitions.

Healthwell Acquisition Corp. I Announces Termination of Business Combination with Starton Therapeutics, Inc.

Retrieved on: 
Friday, November 3, 2023

Healthwell Acquisition Corp.

Key Points: 
  • Healthwell Acquisition Corp.
  • I (“Healthwell”) (Nasdaq: HWEL) announced today that its previously announced Business Combination Agreement in connection with its planned business combination with Starton Therapeutics, Inc. (“Starton”) was terminated by Starton.
  • The conditions to the closing of the initial business combination were not satisfied or waived by the outside date of November 3, 2023.
  • As a result, Healthwell will seek an alternative business combination.

The top smart home devices you should be using

Retrieved on: 
Monday, November 6, 2023

There are devices that go far beyond having a camera in your doorbell or being able to dim your light bulbs from your phone.

Key Points: 
  • There are devices that go far beyond having a camera in your doorbell or being able to dim your light bulbs from your phone.
  • The important devices can alert you to fires or water gushing from pipes when everyone is away, triggering you to react faster.
  • People with smart home devices feel 60% safer + protected, 57% have peace of mind, 54% feel their families are more protected.
  • Consider This: Many insurers are exploring how smart home devices can help homeowners better protect their homes.

Consumer Watchdog Warns Governor, Legislative Leaders that Insurance Commissioner Lara's Deregulation Deal with Insurers Has No Consumer Benefits

Retrieved on: 
Thursday, November 2, 2023

LOS ANGELES, Nov. 2, 2023 /PRNewswire/ -- Consumer Watchdog has written Governor Gavin Newsom, Senate pro tem Toni Atkins and Speaker Robert Rivas to warn that the deregulation deal cut by Insurance Commissioner Ricardo Lara with the insurance industry will not expand access to affordable insurance for California homeowners or small businesses.

Key Points: 
  • Commissioner Lara refused to respond to the revelation and instead attacked Consumer Watchdog for saving consumers money.
  • Politico reported last night that the insurance industry is parroting the same talking points in a new website and ads defending deregulation with a similar attack on Consumer Watchdog.
  • "When the insurance industry and the Insurance Commissioner start syncing their talking points consumers should check their wallets," said Carmen Balber, executive director of Consumer Watchdog.
  • Politico reported that the insurance lobbying group, American Property Casualty Insurance Association (APCIA), behind the attack on Consumer Watchdog had simultaneously launched a campaign to promote its deregulation plan with Insurance Commissioner Lara.