Colorado’s Division of Insurance recovered nearly $38.5 million for consumers during the past fiscal year, a third of it from investigations into consumer complaints, the division recently announced. Even though the number of cases the division opened against insurers in the fiscal year ending June 2018 was 22 percent lower than the previous fiscal year, the state ramped up its collections on consumer complaints by 34 percent, according to division records. Additionally, the state said it closed 16 percent fewer complaints against insurance companies, yet collected more than $11.3 million for consumers from those complaints. The most came from health insurance, followed by auto insurance. “Answering people’s questions, investigating their complaints, helping people get their claims paid and restoring coverage when it was improperly cancelled, these are areas where we can really impact lives,” Interim Insurance Commissioner Michael Conway said in a news release. … [Read more...] about Colorado insurance regulators recovered nearly $38.5 million for consumers last fiscal year
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Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Evan Horowitz Globe Staff September 12, 2018 The government Wednesday released a batch of much-anticipated economic statistics with the breadth to tell us how American households are really doing. The answer? While families saw their incomes rise a little, and while nearly a million people climbed above the poverty line, , the effects weren’t as dramatic as you might expect given the strength of the US economy.The numbers come from an enormous annual survey from the Census Bureau that focuses on earnings, poverty, and health insurance.The Census Bureau found that households in the middle of the income ladder saw their total earnings in 2017 increase 1.8 percent to $61,400, after adjusting for inflation. Advertisement This marks the third consecutive year with an increase, but it falls short not just of the 3.2 percent gain recorded in 2016 but also the … [Read more...] about Incomes are up, poverty is down — but Americans should be doing better
Celebrities and sports stars are often the exposed engine (overexposed?) propelling marketing’s branded content machine. The star gets an endorsement opportunity beyond a hold-the-product-and-smile moment, while the brand aims to conjure an association more authentic than the reek of a superficial hard-sell. Now, NBA superstar Kevin Durant takes branded content a step further by not only appearing in, but also producing a new brand content series with American Family Insurance. Durant’s Thirty Five Media, owned with his business partner Rich Kleiman, has launched “Dream to Achieve,” a four-part series that aims to “inspire people to pursue their dreams.” The first two episodes in the series will go live on Durant’s YouTube channel, and feature Black Girls Code CEO Kimberly Bryant, TechActivist.org founder Idalin Bobe, Forward founder and CEO Adrian Aoun, and ClassPass CEO Fritz Lanman. Each episode features Durant and Kleiman talking to … [Read more...] about Kevin Durant talks tech dreams for . . . American Family Insurance?
It has been six months since Hurricane Harvey hit and devastated the lives of hundreds of thousands of Houston-area residents. But new information shows that survivors—including African American families—have received more than $12 billion to help them recover from the catastrophic storm in August. State and federal disaster assistance consists of aid from Federal Emergency Management Agency (FEMA) grants, United States Small Business Administration (SBA) low-interest disaster loans, and National Flood Insurance Program (NFIP) flood-insurance payments as of Jan. 9, 2018, says Buddy Howard, a spokesman for FEMA in Austin, Texas. The funding includes $1.5 billion from the Individuals and Households Program (IHP), $1.15 billion for Housing Assistance (HA), and $364 million from Other Needs Assistance (ONA)—all FEMA programs. For the SBA, 106,607 total applications were received. A total of $3.03 billion in SBA loans were approved, including … [Read more...] about FEMA, Other Relief Efforts Post-Hurricane Harvey Exceed $12 Billion But Black Businesses Still Rebounding
Mark and Amanda Tew and their four children spent a year on a mini-retirement in Nicaragua. Over six years, they saved $US30,000 while paying off debt and building an emergency fund, all of which they accomplished by living below their means and maintaining side hustles. That $US30,000 should have been enough for the year, but they were surprised by big expenses like health insurance, a car, and schooling for their kids – plus a cancer diagnosis for Mark just before they left. Even with the unexpected costs, including an extra month in Nicaragua, they still spent less than they would have in the US. Mark says “the experience was worth the investment.” For Mark Tew and his wife Amanda, taking a year-long mini-retirement in Nicaragua with their four children just felt right. Mark has always had a love for Latin America, and he previously told Business Insider he felt the whole premise of traditional retirement was faulty. “Waiting until I’m 65 when … [Read more...] about An American family who moved to Nicaragua for a year to live cheaply ended up blowing their $30,000 budget thanks to unexpected costs — but still spent less than life at home in the US