• Home Insurance

    Home Insurance Rates Are Rising Due to Climate Change: Here’s How to Lower Your Costs | Personal-finance

    New windows that better protect your home might be a good long-term investment, especially in areas where hurricanes are common and insurance discounts frequent. “New windows may cost you $10,000, but could save you $2,000 annually” in premiums, Lanham says. Homeowners in drought-stricken areas exposed to wildfire risk should “harden” their structures and properties by using materials and building designs that are less likely to catch and spread fire. While this can help lower homeowners insurance costs, it of course also reduces the risk of wildfire damage to a home in the first place. Some high-net-worth homeowners in fire zones  

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  • Vehicle Insurance

    Vehicle insurance coverage requirements to change Jan. 1

    RICHMOND, Va. (WWBT) – The Department of Motor Vehicles in Virginia is reminding drivers that the minimum insurance coverage required for vehicles will increase beginning Jan. 1, 2022. Senate Bill 1182 raises the minimum insurance coverage requirements over the next three years to the following: The increase will begin Jan. 1, 2022(Department of Motor Vehicles) The bill would apply to vehicle insurance policies issued or renewed on or after Jan. 1. DMV says in order to purchase license plates, a title, and register a vehicle in Virginia, a customer must certify the vehicle is covered by the minimum insurance  

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  • Business Accounting

    IRS issues accounting-method change procedures for small businesses

    Under guidance in Rev. Proc. 2022-9 issued Thursday, taxpayers may obtain the IRS’s automatic consent to change their tax accounting methods to comply with final regulations relating to simpler tax accounting methods available to smaller businesses. Those final regulations, issued early in 2021 (T.D. 9942), implemented changes made by the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, that generally exempt from more complex requirements businesses with average annual gross receipts of no more than $25 million (adjusted for inflation to $26 million for 2021). The final regulations apply to tax years beginning on or after  

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  • Insurance

    Climate change disasters will rock the $5 trillion insurance industry

    The water has receded and the embers have died down from many of the disasters in the United States this year — leaving insurance companies that cover floods, fires, hail, and extreme cold on the hook for staggering losses. If current trends continue, they could suffer one of the costliest years in recent memory. In the first half of 2021, disasters inflicted a staggering $42 billion in losses covered by insurance, a 10-year high. Then in September, Hurricane Ida cut a path of destruction through the Gulf Coast and flooded neighborhoods from Louisiana to New Jersey, causing between $31 billion  

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  • Finance

    Could climate change trigger a financial crisis?

    Sep 4th 2021 IN RECENT YEARS regulators have begun warning about the threat that climate change poses to the stability of the financial system. Following its strategy review in July, the European Central Bank (ECB) will assemble a “climate change action plan”. Mark Carney, the former governor of the Bank of England, warned of financial risks from climate change as long ago as 2015. In America the Commodity Futures Trading Commission last year published a 200-page report beginning “Climate change poses a major risk to the stability of the US financial system.” But progressive Democratic politicians are  

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  • Insurance

    Report examines how climate change will challenge Vermont’s insurance industry

    The Winooski River flows across Bridge Street in Richmond on Friday, November 1, 2019. Photo by Glenn Russell/VTDigger With a warmer and wetter climate in Vermont’s future, severe weather events are projected to increase in frequency, and the property and casualty insurance industries may face new challenges as a result, says a report issued Monday by the Vermont Department of Financial Regulation. Michael Pieciak, the department’s commissioner, said he hopes the report will spur conversations involving the state’s insurance industry, but he also highlighted how findings could affect everyday Vermonters. Pieciak said severe weather accounts for “the vast majority” of  

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  • Health Insurance

    UT Austin graduate students upset over health insurance change

    AUSTIN, Texas – The University of Texas at Austin announced health insurance changes for graduate student academic employees starting on September 1, 2021. Graduate student academic employees will go from being covered by UT Select to AcademicBlue.   This switch comes after the Graduate School did research, seeing that one of the biggest issues graduate students face is continuous, affordable healthcare. During the summer months, graduate students not employed by the university lose insurance coverage and benefits. With this switch, the university will also save money.  The UT Graduate School says it expects the majority of students will experience lower out-of-pocket  

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  • Financial Management

    Autohome Inc. Announces Management Change

    BEIJING, July 2, 2021 /PRNewswire/ — Autohome Inc. (NYSE: ATHM; HKEX: 2518) (“Autohome” or the “Company”), the leading online destination for automobile consumers in China, today announced that Mr. Jun Zou has notified the Company that he intends to resign as chief financial officer due to his other personal commitments. The effective date of Mr. Zou’s resignation will be July 9, 2021. Concurrently, Ms. Hong Jiang, financial director, will report directly to Mr. Quan Long, Chairman of the Board of Directors and Chief Executive Officer of Autohome on an interim basis. Ms. Hong Jiang is  

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