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Tag: winners

Strong Brands the Likely Winners of UK Insurance Pricing Review

October 14, 2020
| No Comments
| insurance

UK personal lines insurers will need to adjust their pricing models in response to the Financial Conduct Authority’s proposed remedies surrounding the pricing of policies for renewing customers, according to a new AM Best commentary.

The Best’s Commentary, “Strong Brands the Likely Winners of UK Insurance Pricing Review,” states that as insurers will need to increase the prices applied to new business to offset the impact of lower renewal premium on earnings, other aspects of their business profile will likely play an increasing role in the decision-making process of potential and established customers.

This suggests that brands currently enjoying high levels of recognition and customer satisfaction will be best positioned to take advantage as policyholders begin to take more notice of a company’s customer service levels, the experiences of other policyholders (expressed via online channels), and metrics such as claims approval ratios.

To access a complimentary copy of this

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US Service Sector Gathers Pace in September: 4 Fund Winners

October 6, 2020
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| business

On Sep 5, the Institute for Supply Management (ISM) reported that its index for activity among non-manufacturing companies rose to 57.8% in September from 56.9% the month before. A reading above 50 indicates growth in the service sector, which accounts for nearly 90% of the U.S. economy. September’s figure points to the fact that the sector grew at an unexpectedly faster rate. In fact, the ISM non-manufacturing index now stands above its pre-pandemic level of 57.3% in February and marked growth for the fourth straight month in September.

The report highlights that September’s uptick was due to a surge in new orders, as the sub-index jumped to 61.5% from 56.8% in August. The survey highlighted comments from respondents who stated that new orders grew significantly as business activity resumed and as retail activity picked up. Moreover, increase in demand as businesses reopen and more people driving also let to the

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Election contest: Pick the winners of the Rhode Island races (and win money)

October 5, 2020
| No Comments
| money

ICYMI: Rhode Island was up to 25,076 confirmed coronavirus cases on Friday, after adding 133 new cases. The test-positive rate was 1.4 percent. The state announced one new death, bringing the total to 1,118. There were 96 people in the hospital, seven in intensive care, and seven were on ventilators.

* * *

Will President Trump win Johnston? Can Barbara Ann Fenton-Fung unseat House Speaker Nicholas Mattiello? Who’s going to be the next mayor of Cranston?

With the general election just four weeks away, we’re giving you the chance to pick the winners of 61 races and one statewide ballot question, including the race for president, every mayoral matchup, and all of the contested seats in the General Assembly.

You can fill out an entry by clicking here.

We ended up with nearly 800 submissions for the primary contest, so our goal is top 1,000 entries this

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A Biden victory could weigh on stock market’s winners

October 3, 2020
| No Comments
| business

NEW YORK (Reuters) – Investors on Wall Street can add another layer of uncertainty to a market already unnerved by last month’s sell-off, stalled fiscal stimulus and President Donald Trump’s COVID-19 diagnosis, which weighed on stocks on Friday.

FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo

A higher capital gains tax that could accompany a win by Democratic presidential nominee Joe Biden is also emerging as a potential counterweight to this year’s powerful rally in stocks.

Biden has proposed here taxing capital gains and dividends as ordinary income, which would increase the tax rate from 20% to 39.6% for individuals and couples earning over $1 million, the highest tax bracket.

That policy – which would likely be easier to enact if Democrats also win the Senate

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