Tomlinson: Government insurance for hurricanes and floods going broke

Real estate is the most valuable asset most people will ever possess, and insuring against natural disasters like floods and storms is common sense.

Or so you might think. Two government-mandated programs are in financial straits, with critics asking if they should exist at all.

The Texas Windstorm Insurance Association is still kicking the financial can down the road to avoid raising rates because coastal property owners do not want to pay their fair share. Meanwhile, San Antonio-area homeowners are allowing their federal flood insurance to lapse as memories of past floods fade.

When disaster strikes—and we know it will—taxpayers will be left picking up the tab for others’ foolish decisions.

TOMLINSON’S TAKE: Unscrupulous developers will strike back against flood measures

The windstorm association, a quasi-government entity known as TWIA (TWEE-ah), provides coverage to more than 190,000 properties in 15 coastal counties that no private company will insure. That includes

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Your health insurance might be on the chopping block

Too bad there is not another presidential debate this week. The moderator would be able to ask the most important question of our time: When it comes to a comprehensive health insurance program, which is better: ObamaCare or what the Trump administration has proposed to replace it with? 

It’s a trick question, because to date, after four years of promising a better health insurance plan, there is no Trump administration plan.

The Affordable Care Act (ACA), better known as ObamaCare, which passed in 2010, extended coverage to millions of uninsured Americans by expanding Medicaid. Thirty-nine states have since elected to expand eligibility. For others not covered by their employer’s plan, new health insurance exchanges were created to allow individuals to buy health insurance.

Additionally, the ACA set federal standards for health insurers that offer plans to individuals, small groups as well as employer-sponsored health benefit plans.  For the first time,

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Premiums Cost 10 Times More)

Six months into the coronavirus pandemic, many Hollywood companies still can’t head back into production on film and TV projects because of one major roadblock: Insurers have made no moves to incorporate pandemic coverage into policies, leaving big studios to self-insure and smaller production companies to seek pricey alternatives — or gamble on shooting without any coverage at all. Productions that bought policies before March are largely safe, as multiple insiders tell TheWrap that most policies procured before the pandemic shutdown did not have COVID-19 or infectious disease exclusions, and cast insurance and civil authority policies cover expenses incurred due to the coronavirus. However, any policy written since March now has a “platter of exclusions” as insurers seek to mitigate potential losses, according to Brian Kingman, managing director at Gallagher Entertainment, who helps find coverage for Hollywood’s stars. Plus, no major insurance carriers will offer COVID-related coverage moving forward. “In

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Second Stimulus Check: How much money could you get if a second deal gets done? The latest on economic recovery talks

Even if the news isn’t always good the fact that there’s news at all when it comes to a second economic stimulus package is positive for people who are in desperate need of cash before year’s end.

That’s because any news at all means that Republicans and Democrats have been talking, and that’s a good thing because there were times — even earlier this week at President Donald Trump’s urging — when it looked as though they might walk away from the table before getting a deal done.

The sides have long been in agreement, however, that Americans need financial help, and Trump changed course during the week and is pushing for a package, too.

The latest Saturday was a $1.8 trillion stimulus package proposed by Republicans, and while a deal on the table is positive, it’s not likely to be the one that eventually gets done — provided

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What is the Financial Services Sector?

The economy is made up of many different segments called sectors. These sectors are comprised of different businesses that provide goods and services to consumers. The companies that are grouped together in a sector provide a similar product or service. For instance, companies that offer agricultural services make up the agricultural sector. Corporations that provide mobile or cellular telephone services are part of the telecommunications sector. This article looks at the financial services sector, one of the most important segments of the economy.

Key Takeaways

  • Financial services make up one of the economy’s most important and influential sectors.
  • Financial services is a broad range of more specific activities such as banking, investing, and insurance.
  • Financial services are limited to the activity of financial services firms and their professionals while financial products are the actual goods, accounts, or investments they provide.

What Is the Financial Services Sector?

The financial services sector

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Turning Change Into Opportunity Through Adaptive Sophistication

Director of Marketing at Chargebee, helping organizations grow through streamlined subscription billing and revenue operations. 

On March 17, 2020, Fortune published an article (subscription required) predicting why online classes wouldn’t really work. On March 23, six days later, and for the first time in its history, all classes for undergraduate and graduate students at Harvard transitioned to online delivery. In the six months since, Harvard has had to revamp its curriculum and reevaluate its centuries-long traditions to facilitate its first 100%-remote semester. 

“This is a moment in time that demands unprecedented innovation and inspiration,” Nonie Lesaux, HGSE academic dean, told the Harvard Gazette

It’s not just Harvard. The global pandemic has redefined the way we live, work and learn. Looking deeper into education, 2020 has been the tipping point for e-learning. While investors have bet on e-learning for years, companies within this segment have struggled with large-scale adoption

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