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States face increasing insurance costs
CNBC Television· 2025-07-02 15:41
Let's uh move on here. Just about a week away from the reveal of CNBC's top states for business. And while tariff costs have taken center stage this year, we can't forget about the cost of insurance amidst what some are calling a national crisis for that industry.Scott Con joins us with that story. He is in one city that is seeing a spike in costs. Of course, Pacific Palisades in Southern California.Scott, that's right, David. And and the experts are saying, by the way, that tariffs will factor into all of ...
America's Top States for Business 2025: Rising insurance costs
CNBC Television· 2025-07-02 12:55
We are just about a week away from revealing America's top states for business for 2025 in CNBC's annual study. Once again this year, the cost of insurance factors into our rankings. Scott Kong joins us from the epicenter of a national crisis in California.Scott, good morning. Melissa, we're in Pacific Palisades. Uh uh 6,800 structures were destroyed here and 12 people died.Uh, still a great deal of destruction, but as you can see, there is some rebuilding going on and critically here in Southern California ...
Frost: Republicans short on votes for Trump budget bill as Democrats raise public alarm
MSNBC· 2025-07-02 04:15
As promised, joining me now is Democratic Congressman Maxwell Frost of Florida. Okay, Congressman, you always give it to me straight. Um, so this bill passed the Senate. I woke up this morning like many people and I looked at my phone to just see if it had passed or not. Lisa Marowski, I've already said this is not John McCain. We learned that goes through the House. What is happening behind the scenes? Uh, I'm sure there are efforts to have conversations with Republicans who are on the line for a range of ...
“Today's vote will haunt our Republican colleagues for years to come.”
MSNBC· 2025-07-01 21:37
Today, Senate Republicans betray the American people and cover the Senate in utter shame. In one fell swoop, Republicans passed the biggest tax break for billionaires ever seen, paid for by ripping away health care for millions of people and taking food out of the mouths of hungry kids. This is not a big beautiful bill at all.That's why I moved on the floor to strike the title. It is now called the act. That's all it's called.But it is really the big ugly betrayal. This vote will haunt our Republican collea ...
X @Bloomberg
Bloomberg· 2025-07-01 14:35
RT Bloomberg Live (@BloombergLive)ICYMI: “Most developing countries have 1-2% insurance penetration rates… Most developed markets we’re talking maybe 40%... that gives you a sense of what happens when you do have these catastrophes,” Insurance Development Forum’s @eiyahen #SustainableBizSummit.⏯️https://t.co/KYgEwkIyl9 ...
MSNBC Highlights — June 30
MSNBC· 2025-07-01 10:43
We owe it to the states to do the work to understand how these proposals affect them. How hard is that? I did it. How hard is it? I'm telling the president that you have been misinformed. You supporting the Senate mark will hurt people who are eligible and qualified for Medicaid. Hi again everyone. I'm Alicia Menendez in for Nicole Wallace and it is five o'clock here in Washington DC where the voterama taking place in the Senate is still underway on that massive domestic spending bill. A bill that would dra ...
X @Bloomberg
Bloomberg· 2025-07-01 00:04
Taiwan’s life insurers were caught flat-footed when the local dollar surged in May, and there are signs to suggest their pain has only just begun https://t.co/LrDU6OqNy9 ...
'A moral obscenity': Top Democrat sounds off on GOP hypocrisy over Trump's megabill
MSNBC· 2025-06-30 21:45
We owe it to the states to do the work to understand how these proposals affect them. How hard is that. I did it.How hard is it. I'm telling the president that you have been misinformed. You supporting the Senate mark will hurt people who are eligible and qualified for Medicaid.Hi again everyone. I'm Elisi Menendez in for Nicole Wallace and it is five o'clock here in Washington DC where the voterama taking place in the Senate is still underway on that massive domestic spending bill. A bill that would drasti ...
WTW and Verisk collaborate to boost efficiency, speed, accuracy, and analytical sophistication in commercial insurance pricing
GlobeNewswire· 2025-06-30 12:00
Core Insights - WTW has launched a new feature in Radar that significantly reduces the time required to utilize ISO updates from months to minutes, enhancing the ability of insurers to adapt to market price movements in real time [1][4][5] Company Overview - WTW is a leading global advisory, broking, and solutions company that provides data-driven, insight-led solutions in people, risk, and capital, serving clients in 140 countries [9] - Radar is an end-to-end analytics and model deployment solution specifically designed for insurers, incorporating advanced machine learning algorithms and real-time decision-making capabilities [6][7] Industry Context - Insurers require reliable access to the latest rating information to remain competitive, as time constraints can hinder their ability to adopt deviations and perform portfolio impact analyses [2] - The integration of Verisk's ISO Electronic Rating Content™ into Radar allows insurers to create ISO-based pricing models quickly, facilitating the analysis of new ISO updates and minimizing manual errors [3][4][5] Key Benefits - The new Radar functionality enables insurers to analyze the impact of ISO updates on existing portfolios and deploy rates to the market with enhanced efficiency, providing a competitive edge [4][5] - The seamless integration of ISO ERC content into Radar enhances the ratemaking process, allowing for faster and more accurate implementation of rating information [5]