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Tag: consumers

Rail deregulation 40 years ago: Staggering success for consumers today

October 7, 2020
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| business

This month commemorates an important economic milestone for the nation — the 40th anniversary of the Staggers Act, the railroad deregulation legislation signed into law by then-President Jimmy CarterJimmy CarterBiden, Democrats see late opportunity in Texas Jimmy Carter celebrating 96th birthday at home in Georgia The Hill’s Morning Report – Pelosi, Mnuchin make last-ditch effort for COVID-19 relief deal MORE.

The law might not be widely known outside a small circle of transportation experts, but it is safe to say that all Americans continue to benefit from it daily. The remarkable success of the law enabled the market to accomplish what regulators could not. It spared the U.S. railroads from bankruptcy, increased competition, dramatically dropped shipping costs and saved consumers billions of dollars annually in lower priced goods.

To get a fuller appreciation of the success of these regulatory reforms, it is necessary to step back a half

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Empowering Auto Insurance Consumers with More Information and $1B in Relief

October 1, 2020
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| insurance

TORONTO, Oct. 1, 2020 /CNW/ – Ontario’s auto insurers reported consumers have been eligible to receive almost $1 Billion in relief in response to COVID-19. This represents an increase of over $300M or 45% since insurers last reported in May 2020. Information reported by the 13 largest insurers is also being shared publicly to provide greater transparency to inform consumers. 

“Our government took immediate action to make the required regulatory changes so that consumers could benefit from the change in driving behaviour during the pandemic,” said Minister Phillips. “We made it very clear to insurers that drivers deserved more, which resulted in auto insurers making available almost $1B in relief for Ontario drivers. I have asked FSRA to continue monitoring how insurance companies are providing relief to ensure consumers’ needs are being met as the pandemic continues to evolve.”

The $1B reported consumer relief is equivalent to 7.1%

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CNO Financial Group Launches myHealthPolicy.com to Provide Health Insurance to Consumers Nationwide

October 1, 2020
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| insurance

CARMEL, Ind., Oct. 1, 2020 /PRNewswire/ — CNO Financial Group, Inc. (NYSE: CNO) launched today a new online health insurance marketplace, myHealthPolicy.com, initially focused on helping Medicare beneficiaries learn about and enroll in Medicare Advantage and Prescription Drug plans.

With the goal of providing consumers with a convenient way to compare, buy or switch plans, myHealthPolicy.com offers the ease of online enrollment with the personal assistance and one-on-one consultation of a local insurance agent.

“An important feature of myHealthPolicy.com is that consumers can be helped by a licensed agent in their community who is familiar with local provider networks and can bring that knowledge into the decision process, in addition to being able to quickly connect with a tele-sales agent who can answer immediate questions,” says CNO Consumer Division President Scott Goldberg. “We have over 2,000 agents exclusively connected to this platform who are certified to sell Medicare

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OLHI Helps When Consumers Have Insurance Disputes

September 30, 2020
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| insurance

OLHI CEO, GLENN O’FARRELL TALKS LIFE, HEALTH, DISABILITY AND TRAVEL INSURANCE TRENDS

VANCOUVER, BC, Sept. 30, 2020 /CNW/ – In the midst of a pandemic, only one national, impartial and independent service offers Canadians across the country free help with life and health insurance complaints. The OmbudService for Life & Health Insurance (OLHI) is here to help.

Reports from across the insurance industry indicate there has been an increased demand for life insurance since the pandemic hit. With the near decimation of the travel industry, OLHI has seen double the typical number of travel insurance complaints across Canada. Disability claims remain consistently high at OLHI as the pressures of modern life can lead to disability claims due to mental health issues.

Glenn O’Farrell, former President of the Canadian Association of Broadcasters and former Senior Vice President of CanWest Global, will provide an overview of the vital public

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Chamath Palihapitiya rips airlines again and calls for more money to consumers and small businesses

September 30, 2020
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| money

Chamath Palihapitiya

Olivia Michael | CNBC

If the government approves further stimulus funds, they should go to individual consumers and small businesses, venture capitalist Chamath Palihapitiya said Wednesday.

In a searing diatribe against the troubled sector, the CEO of Social Capital expanded on comments he made earlier in the year to CNBC in which he said airlines should not be bailed out because they are so poorly managed.

Palihapitiya said that before the coronavirus pandemic, the companies already were doing “the most absolutely horrid and idiotic form of capital allocation you could imagine.”

“Not a single extra dollar should go to these companies,” he added.

Among the poor decisions he cited were not investing in research and development, saving or putting more resources into their workforces. Instead, they focused cash on share repurchases and inflating stock prices.

“This has been happening for the last 15 or 20 years,” Palihapitiya said

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Consumers Energy Commits $12 Million to Help Michigan Customers Affected by COVID-19 Pandemic

September 30, 2020
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| business

JACKSON, Mich., Sept. 29, 2020 /PRNewswire/ — Consumers Energy is providing $12 million to help Michigan residents and small businesses with energy bills, making an unprecedented commitment to helping customers and communities the COVID-19 pandemic has affected.

Consumers Energy Logo (PRNewsFoto/Consumers Energy)
Consumers Energy Logo (PRNewsFoto/Consumers Energy)

“We stand with Michigan and are working around the clock to help our friends and neighbors through a time like no other,” said Patti Poppe, Consumers Energy’s president and chief executive officer. “Our company’s $12 million contribution will provide a lifeline to many families and businesses, helping them stay on their feet until we can defeat the pandemic and Michigan can fully reopen.”

Consumers Energy has set a goal to help about 25,000 households and 1,000 small businesses with this new assistance. The funding will go directly to customers in need and to Michigan nonprofit organizations.

The best way for people to get help is to

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The North Face, Burton Among Brands Joining Protect Our Winters To Urge (And Help) Consumers To Vote

September 29, 2020
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| business

POW's Make A Plan To Vote tool guides voters through every step of the process

Protect Our Winters’ Make A Plan To Vote tool guides voters through every step of the process, from … [+] receiving their printed ballot application with a pre-stamped return envelope to reminders about deadlines and early voting dates.

Protect Our Winters

It’s precisely because voting in this year’s general election on November 3 feels so critical that it can also feel so overwhelming.

Do you know if you’re registered to vote in your state? What if you recently moved? When does early voting begin in your state? How late can you send back your mail-in ballot? How do you request an absentee ballot? Do you need a driver’s license to vote in your state?

In 2020, there are more resources than ever to walk voters through everything that could possibly stand between them and the polling booth. To take it a step further, Protect Our Winters teamed up with popular

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Consumers Receive Legal Advice on Criminal, Personal Injury and Matrimonial Matters on The First and Only Legal Podcast for Individuals

September 29, 2020
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| personal

VIENNA, Va., Sept. 29, 2020 /PRNewswire/ — Access to much-needed legal advice is nearly impossible for a large majority of Americans because of cost. Now, anyone can get analysis and advice on three legal areas by listening to THE LEGAL MERRY GO ROUND three times each week.

With a focus on the three areas of law that affect most consumers – divorce, personal injury and criminal matters — attorney Paul Samakow makes it easy for the average Mary and Joe to get relevant legal insights in the privacy of their own home, with a podcast that is available on many platforms, including Apple, Stitcher, Spotify, iHeart Media and many more.

In addition to the advice dispensed on the shows, visitors to the podcast website – https://www.thelegalmerrygoround.com — can download FREE reports on a wide variety of legal topics of common interest.

“I created The Legal Merry Go Round podcast

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Australia shares end lower on financials and consumers; New Zealand recovers

September 28, 2020
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(Reuters) – Australian shares closed lower in a low-volume session on Monday, with financials and consumers stocks weighing the most.

FILE PHOTO: Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Gray

The S&P/ASX 200 index .AXJO swung between gains and losses throughout the session before settling 0.2% lower at 5,952.3. More than 571.9 million shares changed hands, compared with the 30-day average of 803.6 million shares.

Heavyweight financial stocks .AXFJ were among the biggest drags on the index, losing 0.6% after a 3.7% jump in the previous session.

All “Big Four” banks closed in negative territory, with top lenders Commonwealth Bank of Australia CBA.AX and Westpac Banking Corp WBC.AX losing 1% and 1.1%, respectively.

“Banks are seeing profit-taking after a big move last week,” said Henry Jennings, a senior analyst and

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