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Tag: Fears

Covid: School insurance fears for cancelled overnight trips

October 13, 2020
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Schools and residential trip providers fear they will no longer be covered by insurance for visits cancelled because of coronavirus.

After changes last week, advice on the Association of British Insurers website no longer says schools will be covered for the loss of trips.

It now says schools should “seek a refund from the venue”.

The ABI says the advice was amended to reflect exclusions in policies as the pandemic continues.

Outdoor education centres across the UK have been closed since March under government coronavirus restrictions.

Last week providers wrote to the prime minister asking him to save outdoor education, which they said “faces an existential threat”.

Advising schools to ask for refunds rather than claim on their insurance for cancelled trips is another blow, according to Vanessa Fox, chief executive of the charity Farms for City Children.

Ms Fox says she spotted changes to the ABI’s

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Life Insurance Customer Satisfaction Flatlines Despite Pandemic Fears, J.D. Power Finds

October 13, 2020
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State Farm Ranks Highest in Individual Life Insurance; Nationwide, New York Life Tie for Highest in Annuity

Even as deaths associated with COVID-19 eclipse 200,000 in the United States, consumers don’t seem motivated to buy life insurance and life insurance customers are largely apathetic toward their insurer despite some standout performances. According to the J.D. Power 2020 U.S. Life Insurance Study,SM released today, a combination of infrequent client communications and a pervasive perception of high cost and transaction complexity have suppressed consumer interest and customer satisfaction with life insurance providers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005142/en/

J.D. Power 2020 U.S. Life Insurance Study (Graphic: Business Wire)

“The life insurance industry has a significant perception problem because, in the throes of a pandemic, consumers naturally should be more engaged with their insurer—but they aren’t,” said Robert M. Lajdziak, senior consultant of insurance intelligence at J.D.

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Nervous Investors Buy Gold At Record Pace On US Election Fears

October 10, 2020
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Closeup shiny gold bar arrangement in a row. Business Gold future and financial concept. 3D illustration rendering. World economics and currency exchange. Money trade and safe haven marketplace

Gold bars have been considered a store of value by investors for centuries.

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Nervous investors have bought more than 1,000 tonnes of gold this year, a record figure equivalent to the entire hoard the Swiss National Bank has stashed away in its vaults.

For centuries people have considered gold a store of value in turbulent times. In 2020 they have been buying it in droves.

Gold exchange traded funds (ETFs) recorded their tenth consecutive month of positive inflows in September for only the third time since the financial crisis. This was despite gold experiencing its biggest monthly price drop since November 2016, falling 3.6%, after reaching a new all-time high in August.

With concerns mounting about the outcome of the upcoming U.S. election and a second wave of coronavirus infections, will the precious metal retain its lustre in the fourth quarter?

Investors certainly believe so. Figures this week from

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Tossed personal alarms awaken residents’ fears: Olmsted Falls Police Blotter

October 9, 2020
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OLMSTED FALLS, Ohio

Alarm: Chandlers Lane

A resident called police at 10:56 p.m. Oct. 4 about hearing an unknown alarm. She wasn’t sure whether it was from a car or house. She said she heard a loud bang prior to the alarm starting to sound. Police went to the location to find the source of the alarm. Someone stopped them and said it was coming from the back of the property. At 11:15 p.m. they found a personal flashing alarm devise that someone threw on one of the balconies. They disabled it but realized there was another in the area. That alarm was on the lawn. They also disabled it one as well.

Speeding: Bagley Road

An officer stopped a motorist on Lynway Avenue at 7:54 a.m. Oct. 1 for speeding within a school zone.

Solicitor complaint: River Road

A resident called police at 11:30 a.m. Oct. 3 that

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Boosted by postive reports from Trump doctors, oil fears dissipate as commodity rises 2% Monday

October 5, 2020
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Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.

SINGAPORE – Oil prices rose about 2% on Monday, lifted by comments from doctors for U.S. President Donald Trump suggesting he could be discharged from hospital as soon as Monday, just a few days after his positive test for COVID-19 sparked widespread alarm.

Trump’s health update eased political uncertainty in global markets, pushing Brent up to $39.96 a barrel by 0232 GMT, gaining 69 cents or 1.8%. U.S. West Texas Intermediate (WTI) crude was at $37.81 a barrel, up 76 cents, or 2.1%.

Prices had slumped more than 4% on Friday amid uncertainty surrounding Trump’s health, adding to concern that rising coronavirus case numbers that could dampen global economic recovery.

AMERICAN OIL REFINERIES RACE TO PRODUCE RENEWABLE DIESEL AHEAD OF CANADIAN COMPETITION: REPORT

But analysts said Monday’s rebound was driven by an easing of the worst fears

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Investor fears spike over possible contested outcome

September 30, 2020
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A disputed outcome to the upcoming U.S. presidential election in November is now the primary concern for investors, topping a second wave of coronavirus.

This is according to a survey carried out by deVere Group, who asked over 700 clients ‘What is your biggest investment worry for the rest of 2020?’

The number one investment worry was a contested U.S. election (72%); the effect of a second wave of Covid-19 (18%) and the U.S.-China trade war (5%). The remaining 5% was comprised of geopolitical issues such as Brexit.

The 735 people who took part in the poll are resident in the UK, North America, Europe, Asia, Africa, Latin America, and Australasia.

We can clearly see that investors across the globe are starting to become seriously concerned about the U.S. presidential election.

However, it’s not about whether Trump or Biden comes out on top, it’s about the impending possibility of a

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Oil prices settle at 2-week low as grim coronavirus milestone highlights demand fears

September 29, 2020
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Oil futures fell sharply on Tuesday, sending U.S. and global benchmark crude prices to their lowest finish in two weeks.

Investors worried about rising cases of COVID-19 throughout the globe, a development that may harm appetite for oil and other energy assets in the longer-term.

The global death toll from the coronavirus pandemic has surpassed one million globally, while the U.S. accounts for more than a fifth of the nearly 33.4 million cases, with more than 200,000 deaths.

“For the market, it is a reminder that the unprecedented challenges created by COVID-19 and efforts to limit the spread offer little in the way of quick solutions, ” said Robbie Fraser, senior commodity analyst at Schneider Electric, in a daily note. The pandemic also represents “a significant and ongoing downside risk as the crude market looks to continue a demand rebound.” 

Against that backdrop, West Texas Intermediate crude for November delivery

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Brazil’s Bolsonaro Defends Aid for Poor as Fiscal Fears Hit Markets Again | World News

September 29, 2020
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By Lisandra Paraguassu and Jamie McGeever

BRASILIA (Reuters) – Brazil’s President Jair Bolsonaro took to social media on Tuesday to hit back at accusations his government is using accounting gimmicks to fund a new minimum income program without breaking its spending cap, its most important fiscal rule.

Bolsonaro’s charm offensive comes as Brazilian markets were under pressure for a second day on fears the spending spree shows he is unwilling to take the tough decisions needed to rein in record deficit and debt, and get the public finances back to health.

Fiscal responsibility and the spending cap are the “rails of the economy,” wrote Bolsonaro, who critics say is pushing this scheme and the controversial way it is funded with an eye on the 2022 presidential elections.

“Those responsible for destroying millions of jobs are now silent. My government seeks to anticipate the serious social problems that may arise in

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Oil up 1% on economic hope; virus fears check price gains

September 29, 2020
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By Laila Kearney

NEW YORK (Reuters) – Oil prices rose 1% on Monday as global equities rallied on hopes for another U.S. stimulus package, but rising virus cases fed concerns about fuel demand and kept oil futures from moving higher.

Brent crude <LCOc1> settled at $42.43 a barrel, up 51 cents, or 1.22%. U.S. West Texas Intermediate <CLc1> settled at $40.60 a barrel, rising 35 cents, or 0.87%.

“In my opinion, the most likely event capable of moving the crude oil market to the next level would be the passing of a coronavirus stimulus package,” said Bob Yawger, director of energy futures at Mizuho.

Oil followed Wall Street higher as American political talks continued for another COVID-19 relief bill after U.S. House Speaker Nancy Pelosi on Sunday said she thought a deal could be reached with the White House.

A weaker U.S. dollar, which moves inversely with oil prices, also

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Wall Street Ends Higher as Tech Rally Squashes Virus Fears, but S&P Down for Week | Investing News

September 27, 2020
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(Reuters) – Technology stocks again rode to Wall Street’s rescue on Friday, lifting the main indexes more than 1%, but the Dow and the S&P 500 still posted their longest weekly losing streaks in a year as fears of a slowing economy sparked an almost month-long rout.

Investors started buying beaten-down shares after the Nasdaq confirmed a corrective phase earlier this month and the S&P 500 on an intra-day basis briefly broke that barrier this week.

Both the Dow and S&P 500 notched their fourth straight weekly declines, the longest weekly losing streak since August 2019. The Nasdaq closed higher for the week after falling the previous three, and is now up 22% for the year. The S&P 500 is up a bit more than 2% for the year.

Investors are looking at the long term and believe technology remains the investment of choice, said Edward Moya, senior market analyst

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