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Property-casualty insurance companies are expected to face at least a couple of billion dollars of insured losses from the tornado near Moore, Okla., according to rough calculations by Wall Street analysts.Some consumer activists are already expressing concern about homeowners falling short of the needed money for repairs because of changes insurance companies have made to their coverage due to the increasing number of tornados.The preliminary loss estimates are based on damages from other major tornados in recent years, including 2011 tornados in Joplin, Mo., and Tuscaloosa, Ala., which caused more than $2 billion in insured losses in each of those cities, according to analysts at Morgan Stanley.The insurance industry already had many claims representatives and other employees staged in the area because of a May 19 tornado in Shawnee, Okla., said Robert Hartwig, president of trade group Insurance Information Institute. Insurers also "are actively communicating with policyholders by a ...
Think America learned its lesson from the financial crisis? Guess again.Americans were shaken enough by the Great Recession to reduce their debt levels -- for one ye...
Credit card debt may not make you sick, but new evidence suggests that it could slow your recovery -- or worse.A study conducted by sociologists at the University of...
Dear Let's Talk Credit,This concerns a major bank credit card. I wrote a balance transfer check in June 2012. I then wrote another balance transfer check in March 20...
That's it, you're done. After struggling to pay your debts, you're ready to consider bankruptcy. It's time to contact a bankruptcy lawyer, but which one? Some adver...
The Swiss National Bank must maintain its policy of defending its exchange-rate floor as the country is still battling with deflation and fresh safe-haven inflows co...
Mortgages are tricky and often hard to understand. Because most people only purchase a home every five to seven years, prospective home buyers understandably don't s...
Dear To Her Credit,I co-signed a student loan for my husband in 2005. I regret doing so, because it did go into default after my husband lost his job. I feel down ab...
Treasury Secretary Jacob Lew on Tuesday said underwriting standards have loosened in some markets, including certain real estate investment trusts, at the same time ...
Today's low interest rate environment has sent investors scurrying for yield across myriad asset classes. Whether it is with traditional dividend stocks, multi-asset...
Vodafone will reinvest a $3.2 billion dividend from its healthy U.S. arm to counter weakness in southern Europe that contributed to the largest ever quarterly fall i...
Service companies that rode the wave of investment in Australian resources are facing harder times, reporting a slew of earnings downgrades and preparing to move the...
Despite falling yields, income-starved investors continue to embrace high-yield bond ETFs. Coming off almost $10 billion in inflows last year, junk bond ETFs raked i...
Why Was My Card Declined?We've all been there -- a perfect moment shattered by the disgrace of a declined credit card.Maybe it was a flawless date -- romantic ambian...
Dear Dr. Don,I recently purchased a new home with a 30-year mortgage fixed at 3.375%. I hate the idea of paying for a home for 30 years, not to mention the added int...
Two senior Federal Reserve officials on Tuesday played down the chances that the U.S. central bank would signal a readiness to reduce its bond buying at its meeting ...
Treasurys closed higher Tuesday after two Federal Reserve officials indicated that they are committed to maintaining the monetary-policy status quo in the near term....
Two senior Federal Reserve officials on Tuesday played down chances that the U.S. central bank would signal a readiness to taper bond buying at its meeting next mont...
St. Louis Fed President James Bullard will discuss monetary policy in a low-rate environment at a conference in Frankfurt at 11:30 a.m. Eastern. Bullard, a voting me...
Argentina's mining sector is on the ropes as soaring costs and government regulations scuttle dreams of a mining boom in a country better known for its grain and bee...
