Canada’s insured catastrophe losses reached $8.5bn in 2024, the most expensive year on record, Insurance Business reported, while the 2016 Fort McMurray wildfire, which forced more than 80,000 people to evacuate and destroyed over 2,400 properties, is now valued at more than $4.8bn in insured damage in 2025 dollars. Those losses pushed home insurance rates…
Tesla (TSLA -2.14%) shareholders had a rough Thursday. Shares of the electric car maker sank about 15% following the company’s second-quarter report, closing at $319.69 — near the bottom of a 52-week range that runs from $297.82 to $498.83. But Wall Street barely budged. The average analyst price target on the stock sits near $412…
Spanish insurer Mapfre said on Thursday that losses from the June 24 earthquakes in Venezuela would be up to €25 million ($28.5 million), after its first-half net profit grew 9.4% despite storm-related claims in Spain and Portugal and negative currency effects in Turkey. Growing profits and Mapfre’s $1.54 billion acquisition of U.S.-based Safety Insurance, also…
The landscape of American retirement is shifting. Today, more than 22 million people over age 65 are navigating their later years without a spouse or adult children. While solo aging offers a high degree of independence, it also removes the traditional, informal safety net of family caregiving. If you are a solo ager, you face…
Tuesday, September 24, 2024 Banks with Commercial Real Estate Lending Portfolios Feel the Pinch Banks that loaned money for commercial real estate venturesmay be feeling the pinch, as many offices and business spaces continueto sit vacant in the wake of COVID-19. A period of rising interest rateshas added to these concerns. We talk to GAO’s…
At the end of their careers, many Americans struggle with the idea of spending their hard-earned savings, according to data from the Allianz Life Insurance Co. of North America’s 2026 Annual Retirement Study, released this week. Of working respondents, 71% reported they expected to feel reluctant spending money in retirement because they will want to…
Yemen’s Iran-backed Houthi rebels said Saturday that they fired missiles and drones at Saudi Arabia in response to Saudi airstrikes on the strategic Red Sea city of Hodeida, in another escalation over vital shipping routes in the Middle East while the United States and Iran vie for control of the Strait of Hormuz. Brig. Gen. Yahya Saree, the Houthis’ military…
President Donald Trump returned to the rescheduled White House Correspondents’ Association dinner Friday night, delivering a rambling, hourlong speech that praised some journalists, took potshots at others, made jokes about public figures’ weight and intellect, and quipped about a third presidential term. He assured the crowd of journalists, though, that he’d scrapped the most biting…
Designing a kitchen is never easy, and the less space you have to work with, the more difficult it can become. You see, the smaller the space, the more crucial each decision becomes, and nowhere is that more true than with your tiling. This is what will bring color, personality, and life into your kitchen,…
Earnings season hits full stride next week, with several of the market’s biggest companies set to report. Investors will be watching not only the headline numbers, but also management commentary on AI spending, consumer demand, tariffs, and the outlook for the second half of the year. Monday Before the Open AstraZeneca (AZN) Baker Hughes (BKR)…