Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released on Thursday by the Federal Emergency Management Agency (FEMA), the first major update to its pricing system in half a century. The agency said that, over the coming year, it will phase in a price-setting method that marks an epochal shift in the National Flood Insurance Program (NFIP), which was set up in 1968 to cover property in flood-prone areas. New premiums will be based on a…
Read MoreSoftBank-backed mortgage lender Better going public via $7.7 billion SPAC
Digital mortgage lender Better will make its market debut by merging with Aurora Acquisition Corp., valuing the company at $7.7 billion.The deal includes a $1.5 billion private investment in public equity (PIPE) arrangement led by SoftBank.The transaction is expected to close in the fourth quarter. Digital mortgage lender Better.com announced Tuesday that it will make its market debut by merging with Aurora Acquisition Corp., valuing Better at $7.7 billion. The company, ranked No. 15 on last year’s CNBC Disruptor 50 list, was most recently valued at $6 billion following an April 2020 investment…
Read MoreStates Expected to Announce $26B Opioid Deal With Drug Distributors, J&J: Reuters
U.S. state attorneys general and lawyers for local governments are expected on Wednesday to unveil a landmark, $26 billion settlement resolving claims that the three largest U.S. drug distributors and drugmaker Johnson & Johnson helped fuel a nationwide opioid epidemic, a person familiar with the matter said. Under the settlement proposal, distributors McKesson Corp , Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, while Johnson & Johnson would pay $5 billion. More than 40 states are expected to sign onto the settlement, the source…
Read MoreСША и Россия: взаимодействие в рамках Арктического совета
Плавучий лед в Северном Ледовитом океане США и Россия: взаимодействие в рамках Арктического совета Две страны отметили конструктивный диалог в рамках этого форума Перед лицом угрозы глобального потепления Соединенные Штаты и Россия проявили редкий дух сотрудничества в преддверии форума арктических государств, который проходит на этой неделе. «Наше видение… во многом основано на сотрудничестве, – сказал в интервью агентству Reuters координатор Госдепартамента по Арктике Джим де Харт в преддверии заседания Арктического совета. – Речь идет о действиях по борьбе с изменением климата. Речь идет о хорошей науке… и поддержании мира…
Read MoreCurrent National Mortgage & Refinance Rates, April 12th, 2021 – Most rates fall
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that…
Read MoreVaccination police? New mask guidance could put grocery workers at risk, labor advocates warn
Conflicting positions from state and local authorities put retailers and their employees “in incredibly difficult situations” said one retail expert. The Centers for Disease Control and Prevention has weighed in, but your local supermarket might have other ideas when it comes to mask mandates. The beleaguered retail sector found itself thrust onto the front lines of the politicized fight over mask-wearing with the agency’s new guidance issued Thursday. Phil Lempert, founder of SupermarketGuru.com, predicted that grocery stores won’t do away with mask requirements, at least for workers. “Retailers are going…
Read MoreСамый долгосидящий заключенный США вышел на свободу после 68 лет тюрьмы: как он живет
Его называли самым долгосидящим заключенным в Америке, приговоренным к пожизненному сроку в несовершеннолетнем возрасте. Сейчас Джо Лайгона, который недавно вышел из тюрьмы, уже никак нельзя назвать несовершеннолетним, хотя он многому по-детски удивляется, вернувшись в наш мир, который не видел почти 70 лет. В интервью корреспондентам Всемирной службы Би-би-си Лайгон рассказал о том, как вышло, что он так долго ждал освобождения, и как он намерен провести остаток жизни. Фото: кадр видео YouTube/CBS This Morning “Я никогда не был [в тюрьме] в полном одиночестве, но по характеру я – одиночка. Я предпочитаю…
Read MoreAIG delivers strong Q1 financial results
American International Group (AIG) has reported net income attributable to AIG common shareholders of $3.9 billion in the first quarter (Q1) of 2021, up from $1.7 billion in the prior year quarter. The Group attributes the significant increase ($4.41 per diluted common share, compared to $1.98) to higher net investment income, stronger equity market performance, and improved general insurance underwriting income. AIG’s general insurance business reported gross written premium (GWP) of $10.7 billion in the three moths ending March 31, 2021 – a 6% increase from the $10.1 billion in…
Read MoreInman Handbook: Finding success in the short-term rental market
With this summer’s short-term rental market poised to be one of the busiest ever, owners need to be on top of their game. Here’s how investors and independent hosts can succeed With this summer’s short-term rental market poised to be one of the busiest ever, owners need to be on top of their game. Here’s how investors and independent Airbnb hosts can succeed. Property investors rode a wild wave during the pandemic, with the short-term rental market stopping, then restarting, and property prices in many second-home markets soaring. What does…
Read MoreAs home prices rise, here’s what buyers can do to land a deal
In this red-hot real estate market, it’s tough for buyers to land a deal. Supply is low, which is pushing prices higher. The median price of an existing home sold in March was $329,100. That’s a 17.2% increase from March 2020. Yet there is some good news. New listings were up for the second week in a row, increasing 40% over last year, which is right when the pandemic hit, according to Realtor.com. More from Invest in You:I want to move to New York after college graduation. Can I afford…
Read More