• Fed officials downplay virus even as markets see rate cuts

    1 month ago - By Chron

    WASHINGTON - When Wall Street expects the Federal Reserve to cut interest rates, should that influence the Fed's decisions?
    Two Fed officials diverged on that issue in remarks Friday at a monetary policy conference in New York. The disagreement occurred just as the scenario is playing out in real life: Investors increasingly expect the Fed to cut its key short-term rate this year to help cushion whatever economic damage China's viral outbreak ends up causing.
    Still, other Fed officials have said in recent days that they see no need for rate cuts anytime soon.
    Concerns about the...
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  • The Czinger 21C is a 1,250-horsepower, $1.7 million hybrid from an LA startup - here's more on the world's newest supercar

    The Czinger 21C is a 1,250-horsepower, $1.7 million hybrid from an LA startup - here's more on the world's newest supercar

    1 month ago - By Business Insider

    LA-based car startup Czinger has announced the full details of its 21C, a hybrid supercar set to debut at the Geneva International Motor Show next month.
    The 21C is equipped with two electric motors driving the front wheels, along with a mid-mounted, twin-turbocharged V8. The combination pumps out 1,250 horsepower, Czinger claims.
    The car weighs 2,755 pounds, hits 62 mph in 1.9 seconds, and boasts a quarter-mile time of just 8.1 seconds, according to Czinger. The company says it's capable of a top speed of 268 mph.
    Czinger will build 80 21Cs, which will start at a reported $1.7 million...
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  • FedNat CEO: Litigation Frequency, Severity Triggers Homeowners Reserve Strengthening

    1 month ago - By A.M. Best

    FedNat Holding Co. strengthened Florida homeowners claims reserves by $5 million in the fourth quarter amid rising litigation frequency and severity, according to Chief Executive Officer Michael ...
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  • Comments on January Existing Home Sales

    Comments on January Existing Home Sales

    1 month ago - By Calculated Risk

    Earlier: NAR: Existing-Home Sales Decreased to 5.46 million in January
    A few key points:
    1) Existing home sales were up 9.6% year-over-year in January.
    2) Inventory is very low, and was down 10.7% year-over-year in January. Inventory always decreases sharply in December as people take their homes off the market for the holidays, and then inventory starts to increase in February and March.
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  • What is a Customer Success Portal?

    1 month ago - By Business 2 Community

    Have you noticed how communication is evolving? Most people will search for an answer or for advice on search engines before even engaging in human communication. Think about it, when was the last time you waited on a customer service line for 20+ minutes? Now compare that answer to the number of times you've asked Google for help to troubleshoot something instead of calling a customer service number.
    The way we communicate with one another is a big wake up call for most businesses, simply because this change impacts the way businesses need to communicate with their customers. A contact us...
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  • Over 5 million people will see their car insurance rates rise in the first half of 2020 - but even more will see their rates fall

    Over 5 million people will see their car insurance rates rise in the first half of 2020 - but even more will see their rates fall

    1 month ago - By Business Insider

    Car insurance rates are on the rise for over 5.6 million Americans, but over the same period, 7.7 million will see their rates fall.
    Over 1 million drivers in Kentucky, Louisiana, and Kansas will see their car insurance rates drop. Rates in Kentucky will fall the most, dropping premiums by about 5%.
    The cost of car insurance depends a lot on state laws and varies greatly between states. Additionally, car insurance companies are always changing the way they price their policies, leading to premium changes.
    See Business Insider's picks for the best cheap car insurance companies »
    Car...
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