Let's get more of the drop in crude oil prices after the president's comments. Paul Sanki of Sanki Research joins us here on set. Uh Paul, great to have you with us.>> Hi. >> Um what do you make of the president's comments and how how would you change your trade differently based on what he said. >> Well, I took the comments to mean we're going to stop bombing potentially.I mean, that's the only way I can see this as being declared as over. And I think that's what the Gulf the GCC members want is just for a ...

Heard on the Street: The U.S. got lucky during hurricane season. That could help lower insurance costs next year. But don’t bet on too much. https://t.co/JA3z8Uts2o ...

Core Insights - Rising insurance costs post-pandemic are complicating retirement planning, making it difficult for retirees to manage their savings effectively [1] - Healthcare expenses in retirement are significant, with the average American expected to spend nearly $200,000, and couples potentially needing up to $428,000 to cover 90% of healthcare costs [2][3] Supplemental Medicare Coverage - Medicare coverage begins at age 65 but does not cover all healthcare expenses, necessitating supplemental insurance [2] - A survey indicates that 76% of individuals underestimate healthcare costs in retirement, highlighting the importance of understanding these expenses [3] Long-Term Care Insurance - Long-term care is not covered by Medicare, leading to high out-of-pocket costs; approximately 40.7% of retirees have long-term care insurance [4] - The rising costs of insurance can force retirees to reduce spending in other areas, impacting their quality of life [5]

Insurance Cost Trends - Insurance costs are rising nationwide, reflecting increased risk and more frequent billion-dollar disasters [5] - California's insurance increases are not the highest in the nation; Louisiana holds that distinction, followed by Iowa, Hawaii, and Minnesota [4] - Insurify projects an average increase of 21% in California insurance rates this year [3] Impact on Business and Living Costs - Insurance costs are factored into the cost of living category in CNBC's America's Top States for Business study [6][8] - Commercial insurance is also factored into the cost of doing business category [8] - Rising insurance costs are becoming a significant factor in the cost of living, particularly in states like California [5] California Insurance Market - State Farm, California's largest insurer, received approval for a 17% emergency rate hike and is seeking an additional 13%, totaling 30% [2] - In Southern California, despite past destruction, people are obtaining insurance, albeit at higher prices [2] - Consumers are now more accepting of rate increases, prioritizing policy renewal over cost complaints [3] Regulatory and Climate Risk Factors - Insurance companies are heavily regulated from state to state, causing variations in insurance costs [9] - Climate risk and the increasing costs of replacing structures are contributing to higher insurance costs [9]