Social inflation causing insurance rates to jump, no end in sight for rising premiums in 2024
Insurance claims payments are becoming too high relative to insurance companies’ profits, causing social inflation. (iStock) Consumers are unlikely to see their premiums fall this year, but According to a report from Morgan Stanley. The past few years have been difficult for the insurance industry. Social inflation rose higher than traditional economic inflation. social inflation […]
Why McDonald’s is charging $18 for a Big Mac meal; there’s no relief in sight
“Eating at home has become more affordable,” Kempczinski said. “The battleground is certainly low-income consumers.” Over the summer, a franchisee near Darien, Conn., was cited for charging $17.59 for a Big Mac combo meal. google map California’s $20-an-hour minimum wage for fast food workers goes into effect in April. McDonald’s and Chipotle both announced they […]
‘We need to rein them in’: Lawmakers rail against social media CEOs, but is there any regulation in sight?
Washington DC – Lawmakers on both sides of the aisle say big tech CEOs aren’t doing enough to protect children when they use social media, and that platforms need to be reined in to protect children from indoctrination and exploitation. Agreed that there is. Sen. Richard Blumenthal told Fox News, “Tech CEOs have completely and […]
Stormont power-sharing in sight as Northern Ireland DUP accepts post-Brexit deal | Northern Irish politics
The Democratic Unionist Party has backed a deal with the British government to restore power-sharing in Northern Ireland, ending two years of political deadlock. Sir Geoffrey Donaldson said his party intends to reinstate Stormont’s dormant government and council once the government delivers its promised legislation. “I am happy to report that the party executive has […]
Construction worker shoots nail through eye into brain — and keeps sight
He really hit the mark. But that didn't mean it was a good thing. A construction worker miraculously survived and retained his eyesight after his nail gun malfunctioned and a 3cm nail went into his eye and into his brain. Doctors in Malaysia were able to safely remove the nail using nail-biting surgery. And a […]
PGA Tour deal with LIV beneficiary has finish line in sight, per DP World Tour CEO
There is light at the end of a long, dark tunnel. Outgoing DP World Tour CEO Keith Perry says an agreement could soon be reached between his tour, the PGA Tour and the Saudi Public Investment Fund (PIF), James Corrigan reports. telegraph paper. “I'll be here for the next three months and I hope to […]