DIRS.INFO The most relevant business & tech news

☆ Why car insurance costs are skyrocketing and leading to higher inflation
▼ + stars: | 2024-04-11 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

RobertCrum | Getty ImagesDETROIT – Skyrocketing auto insurance costs helped contribute to inflation accelerating at a faster-than-expected pace in March and are adding to the ever more expensive costs for U.S. vehicle owners. Auto insurance costs have been on the rise for some time, growing every month as part of the index since December 2021. However, auto insurance remains a small portion of the CPI, with a 2.85% weighting. watch nowThe insurance cost increases on inflation come more than two years after the Biden administration largely blamed used car prices for pushing inflation higher in January 2022. The cost of vehicle insurance — which is mandatory in almost every state — varies by provider, driver, coverage and location.

Persons: Sean Tucker, Kelley, David Sampson, Sampson, Biden, Mitchell, Power, —, it's, Price, Mark Garrett, — CNBC's Robert Ferris, Jeff Cox Organizations: Getty, DETROIT, U.S, Auto, U.S . Bureau of Labor Statistics, American, Casualty Insurance Association, CNBC, Progressive, Power's U.S . Auto Insurance, State Farm, Liberty Mutual Locations: U.S, Power's U.S, Geico, .

☆ The major companies still advertising on X despite Elon Musk’s antisemitic endorsement
▼ + stars: | 2023-11-22 | by ( Oliver Darcy | Liam Reilly | ) edition.cnn.com time to read: +5 min

But those assurances have rung hollow as advertisements have continued to be placed on accounts posting hate speech and conspiracy theories. “Elon introduced unique risks,” marketing industry veteran Lou Paskalis, the founder and chief executive of marketing consultancy AJL Advisory, told CNN. “It’s self-destructive for any advertiser to be associated with him,” Sonnenfeld told CNN. His endorsement of the post came as the progressive watchdog Media Matters issued a report that indicated advertisements for major brands appeared next to neo-Nazi hate speech on X. Legal experts have told CNN that the lawsuit is deeply flawed and could open the billionaire up to embarrassing revelations during the discovery process.

Persons: Elon Musk’s, Brian McCarthy, Musk, George Soros —, X, “ Elon, Lou Paskalis, ” Jeffrey Sonnenfeld, ” Sonnenfeld, ”, Ted Boutrous, Boutrous, ” CNN’s Clare Duffy Organizations: CNN, NFL, Walmart, State, The New York Times, Washington Post, The, Mondelēz International, Ritz Crackers, Twitter, Defamation League, Apple, Disney, IBM, Paramount, Fox Sports, Paris, Warner Bros ., AJL, Yale School of Management, Media, Media Matters, Ted Boutrous CNN Locations: Wendy’s, White

☆ A portfolio manager behind a 95th-percentile growth fund gives a blueprint for finding successful stocks — and shares where to find long-term winners as the economy slows
▼ + stars: | 2023-10-17 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Despite a recent hiccup, growth stocks are in style as concerns about the US economy persist. Growth stocks may generate earnings quickly, but that doesn't mean stock-pickers should rush to sell them — even after letdowns like a disappointing quarter. Every stock in the 52-year-old growth fund has tailwinds like sustainable earnings growth and defendable competitive advantages, Humphrey said. Valuation is an afterthought for some growth managers, but not those on Humphrey's team. Along with Meta Platforms (META), the USAA Victory Growth Fund's top holdings include streaming media titan Netflix (NFLX) and communications conglomerate Alphabet (GOOGL).

Persons: It's, Lance Humphrey, Humphrey Organizations: Growth, Victory Capital Management, Companies, Federal Reserve, Meta, Netflix, Biotech, Vertex Pharmaceuticals

☆ Loan approval: Why has it gotten so much harder?
▼ + stars: | 2023-09-22 | by ( Samantha Delouya | ) edition.cnn.com time to read: +8 min

Magnusson said that while she used USAA for a personal loan in the past, this time, the process felt very different. Lately, it may take more than just a good credit score for many people to get approved for a loan. Deutsche Bank recently told investors that bank lending conditions look “consistent with recession levels,” even though the US is not currently in a recession. Magnusson said she was “in tears” after spending hours on the phone with USAA to secure the loan over multiple days. McBride said that although loan application rejections are up and standards are tougher, getting a loan is still possible for those with good credit.

Persons: Cheryl Magnusson, Magnusson, “, USAA, ”, Greg McBride, —, ” McBride, Nathan Howard, McBride, William Brown, Brown, we’ve, ” Brown, “ I’ve, I’ve, Darlene Johnson, ” Johnson, Scott Olson Organizations: CNN, Federal Reserve Bank of New, Consumer, Deutsche Bank, Eccles Federal Reserve, Bloomberg, Getty, Silicon Valley Bank, Signature Bank, Navy, Suncoast Credit Union, Suncoast, Mortgage Bankers Association, Federal Reserve Locations: Arizona, Washington , DC, Silicon, Florida, Hawthorn Woods , Illinois

☆ Car insurance rates just had their biggest annual jump in 47 years. This is why
▼ + stars: | 2023-09-13 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

While that insurance is for a 2022 Porsche Taycan, even friends of his who drive lower-end models are paying more for car insurance, he told CNN. Yet he's seen his car insurance rates increase from $140 a month in 2020 to his current rate of $278 a month. Car insurance rates are increasing for a variety of reasonsTwo months ago, Nationwide notified Darnell Coates-Clark, 55, an EMT based in Baltimore, that he would be hit with a 33% increase in his car insurance. He acknowledged he doesn’t have “stellar credit,” which is known to impact car insurance rates. Darnell Coates-Clark saw his monthly car insurance rates double over the past two years.

Persons: Kyle Barone, Barone, didn’t, USAA, He’s, “, ”, hasn't, he's, haven’t, Darnell Coates, Clark, Coates, ’ ” Coates, hasn’t, Ryan Ankrom, Clark USAA, Andrew Femath, Stephen Crewdson, Hurricane Ian, Robert Passmore, Crewdson, ” Crewdson, Betsy Stella, Insurify, what’s, “ I’ve, “ I’m, I’ve Organizations: New, New York CNN, Volvo, CNN, Porsche Taycan, Norwegian Cruise Line, Kyle Barone Drivers, Sunshine State, Nationwide, P Global Market Intelligence, Casualty Insurance Association, National, Traffic Safety Administration Locations: New York, United States, Florida, Jacksonville , Florida, Tampa, Norwegian, Sunshine, Southwest Florida, Baltimore, Maryland, Hurricane

☆ USAA CEO Wayne Peacock on Hurricane Idalia, rising insurance rates and Insurance coverage
▼ + stars: | 2023-08-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUSAA CEO Wayne Peacock on Hurricane Idalia, rising insurance rates and Insurance coverageUSAA CEO Wayne Peacock joins 'Power Lunch' to discuss Hurricane Idalia's impact on businesses and homes as insurers gear up for damages.

Persons: Wayne Peacock

The USAA Rate Advantage Visa® Platinum Credit Card is one of the card options from USAA that doesn't offer rewards. USAA Rate Advantage Visa Platinum Credit Card RewardsThe USAA Rate Advantage Visa® Platinum Credit Card doesn't offer any rewards, which is another one of its downsides. USAA Rate Advantage Visa Platinum Credit Card Benefits and FeaturesThe USAA Rate Advantage Visa® Platinum Credit Card is light on benefits, but there are a few perks to be aware of. USAA Rate Advantage Visa Platinum Credit Card Fees and CostsThe USAA Rate Advantage Visa® Platinum Credit Card doesn't charge an annual fee, nor does it charge any foreign transaction fees. USAA Rate Advantage Visa Platinum Card Frequently Asked QuestionsIs the USAA Rate Advantage Visa Platinum Credit Card a good balance transfer card?

Persons: USAA, Wells Organizations: Reading Chevron, USAA, Wells, Security Locations: USAA, Wells

USAA Preferred Cash Rewards Visa Signature Card RewardsThe USAA Preferred Cash Rewards Visa Signature® Credit Card offers a flat rate of 1.5% cash back as we already mentioned, and there is no welcome bonus offered on this card. USAA Preferred Cash Rewards Visa Signature Card Benefits and FeaturesThe USAA Preferred Cash Rewards Visa Signature® Credit Card doesn't have a ton of perks, but it does have some. USAA Preferred Cash Rewards Visa Signature Card vs. Wells Fargo Active Cash CardWhile the USAA Preferred Cash Rewards Visa Signature® Credit Card offers a better-than-average rate of 1.5% cash back with no annual fee, the Wells Fargo Active Cash® Card offers superior rewards and benefits by far. USAA Preferred Cash Rewards Card Frequently Asked QuestionsIs the USAA Preferred Cash Rewards Visa Signature Card a good card? Why You Should Trust Us: How We Reviewed the USAA Preferred Cash Rewards CardWhen reviewing the USAA Preferred Cash Rewards Visa Signature® Credit Card, we followed our credit card rating methodology.

Persons: Dash, USAA, Cash, you'll, Cardholders, it's, cardholders, Wells, Read Organizations: USAA, Wells, Chase Locations: J.D, USAA, Wells

Farmers Insurance will stop offering insurance in Florida. Compare homeowners insurance quotes with Policygenius »Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. News 6 Orlando reported that this change will affect about 100,000 Farmers-branded home, umbrella, and auto insurance policies. However, the bulk of insurance policies offered by Farmers in Florida are under other brands, like BristolWest and Foremost Signature. "Affected customers will receive notifications detailing when their coverage will end and will be advised of options for replacement coverage," Farmers told News 6 in a statement.

Persons: Policygenius, it's Organizations: . Farmers Insurance, Farmers, Service, Farmers Insurance, Orlando, Farm, Allstate Locations: Florida, Wall, Silicon, California

☆ DeSantis is now a millionaire. Unfortunately, he still has student loans to pay off.
▼ + stars: | 2023-06-30 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +6 min

DeSantis made over $1 million for his book advance when he wrote "The Courage to Be Free." Ron DeSantis almost quadrupled his net worth in a year, thanks to a seven-figure payday from his bestselling memoir, "The Courage to be Free." A year earlier, DeSantis' net worth was nearly $319,000. The lift in salary was largely thanks to a $1.25 million book advance DeSantis got from Broadside Books, the conservative arm of HarperCollins Publishing that is owned by Rupert Murdoch's News Corp. Since filing his last financial disclosure, DeSantis lowered the amount he owes on his student loans slightly, from $21,284.92 to $18,628.66.

Persons: DeSantis, they've, —, Ron DeSantis, Joe Biden's, Donald Trump, Trump, “, Joe Raedle, Casey DeSantis, Hillary Clinton, Mike Pence, GOP Sen, Tim Scott of, Sen, Elizabeth Warren of, he'd Organizations: Be, Service, Gov, Broadside Books, HarperCollins Publishing, Rupert Murdoch's News Corp, Republican, Trump Organization, Forbes, New York Times, Ivy League, Navy, Associated Press, Florida Gov, House, Museum, Federal, Commission, Trump, GOP, Democratic Locations: Florida, Florida's, Beach , Florida, Orange, Pinellas Park , Florida, Tim Scott of South Carolina, Elizabeth Warren of Massachusetts, Dunedin , Florida

Read our review Read Our Review A looong arrow, pointing rightThe Automobile Club of Southern California is a regional AAA insurance provider. Automobile Club of Southern California (AAA) ReviewThe Automobile Club of Southern California is a regional AAA insurance provider. Read our review Read Our Review A looong arrow, pointing rightAutomobile Club of Southern California (AAA) Car Insurance FAQsIs the Automobile Club of Southern California the same as AAA? How the Automobile Club of Southern Calfornia ComparesAutomobile Club of Southern California vs. USAALike AAA, USAA is a members-only insurance provider. Read our Allstate car insurance reviewAutomobile Club of Southern California vs. ProgressiveProgressive is a well-known insurance provider with coverage in all 50 states.

Farmers insurance has confirmed it is pausing new homeowners policies in Florida. If you need home insurance in Florida, compare quotes and ensure you have enough disaster coverage. Compare homeowners insurance quotes with Policygenius »Get the latest tips you need to manage your money — delivered to you biweekly. Flood insurance, for example, is not included in a standard homeowners insurance policy because it's not required for people who don't live in a high-risk area. While you can get flood insurance through a private company, it's also available through FEMA via the National Flood Insurance Program.

Persons: —, Luis Sahagun, it's Organizations: Farmers, Service, Insurance, Farm, Allstate, Policygenius Companies, FEMA, National Flood Insurance Locations: Florida, California

☆ How to Get More Affordable Home Insurance as Costs Soar
▼ + stars: | 2023-06-14 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

As the 2018 West Fire swept through Alpine, Calif., a small town in the foothills east of San Diego, firefighters were stationed in front of Emily Ziegler’s house, where she lives with her husband and three children. The fire claimed dozens of homes in its path, but the family’s house — which includes a garage and a granny flat on more than two acres near Cleveland National Forest — was unscathed. Securing affordable homeowners’ insurance, however, has become a challenge. The family’s policy with USAA doubled to $8,000 last year, and when Ms. Ziegler called other insurers in search of a better deal, they all gave her the same advice: Hold on tightly to your existing policy. “There is a limited number of people who will write insurance in our area, and they will only write it for a limited number of homes,” said Ms. Ziegler, 44, a forensic psychologist.

Persons: Emily Ziegler’s, Ziegler, ”, “ Organizations: Fire, Cleveland National Locations: Alpine, Calif, San Diego, Cleveland

☆ DeSantis delays reporting his personal finances, keeping mystery alive for a little longer over how much he made from his bestselling book
▼ + stars: | 2023-06-06 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +6 min

His previous documents showed his net worth was just $319,000, and that he still had student loans. Ron DeSantis may have greatly increased his net worth in the last year. Those documents showed the governor, now 44, had a net worth of just $318,986.99, didn't own property, and carried $21,284.92 in student loans. Also, if DeSantis didn't receive his book advance until 2023, then the Florida documents may not contain it but the federal documents would have to. Forbes estimates Trump's net worth at $3 billion, though Trump himself has pegged the figure at $10 billion.

Persons: DeSantis, —, Ron DeSantis, Hillary Clinton, Charlie Spies, Casey DeSantis, DeSantis didn't, Donald Trump's, Trump, GOP Sen, Tim Scott of, Sen, Elizabeth Warren of Organizations: Service, Gov, Republican, Federal, Commission, HarperCollins Publishing, Rupert Murdoch's News Corp, US, Government, Florida, GOP, Trump, Trump Organization, Forbes, New York Times, Ivy League, Navy, Associated Press, Politico, Democratic Locations: Florida, Florida's, Beach , Florida, Tim Scott of South Carolina, Elizabeth Warren of Massachusetts

State Farm and Allstate are no longer accepting applications for new home insurance in California. Existing State Farm and Allstate homeowners insurance customers in the state will retain their coverage. Compare homeowners insurance quotes with PolicygeniusGet the latest tips you need to manage your money — delivered to you biweekly. State Farm cited both high construction costs in the state and the increasing risk of wildfires as the reasons behind its decision. This won't affect State Farm auto insurance customers in California, either; applications for car coverage will remain open and nothing will change for existing policy holders.

Persons: Policygenius, —, ABC10, it's Organizations: State Farm, Allstate, Farm, Service, CNN, Cal, California Department of Insurance, Policygenius Companies Locations: California, CNN , California

☆ Credit card companies need to explain the 'exorbitant' late fees they're charging customers, says Elizabeth Warren
▼ + stars: | 2023-05-09 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +6 min

Sen. Elizabeth Warren wants to know if credit card companies stand with the banks. Currently, credit card companies are permitted to fine consumers up to $41 for each missed credit card payment — no questions asked. The other nine credit card companies Warren sent the letter to did not immediately reply to a request for comment. She wanted to know why reducing credit card late fees would be any different. Warren also asked each credit card company to answer how much money they collect in credit card fees each year — and the proportion from low-income earners — and the actual cost of collecting those fees.

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Our Experts for the Best Personal Loans With No Origination FeesWe consulted personal loan and financial experts to give their insights into finding the best personal loans with no origination fees. Personal Loan With No Origination Fees Frequently Asked QuestionsCan you get a personal loan without an origination fee? How to Choose the Best Personal Loan With No Origination FeesTo select the best personal loan for you, look at the factors that are most important to you. Methodology: How we chose the best personal loans without origination feesWe rate all personal loan products in our reviews and guides on a 1-5 scale.

LAS VEGAS, March 28 (Reuters) - Mid-sized U.S. lenders are getting creative as they try to hang onto customer deposits after two bank failures rattled consumers and spurred a $119 billion exodus from small institutions in recent weeks. Industry executives discussed strategies to bolster trust in their institutions at an annual meeting of the Consumer Bankers Association conference on Monday in Las Vegas. Paying higher rates on deposits is the most common way to make them stick, executives said. Despite the recent flight in deposits to large banks, one banker at a mid-sized bank said they were confident the lender could survive the recent exodus. Reporting by Tatiana Bautzer and Nupur Anand in Las Vegas; Editing by Lananh Nguyen and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Our Experts for the Best Personal Loans With No Origination FeesWe consulted personal loan and financial experts to give their insights into finding the best personal loans with no origination fees. See our full ratings methodology for personal loans »Best personal loans without origination fees LightStream Personal LoanSoFi Personal LoanDiscover Personal LoanWells Fargo Personal LoanPenFed Credit Union Personal LoanUSAA Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Personal Loan With No Origination Fees Frequently Asked QuestionsCan you get a personal loan without an origination fee? How to Choose the Best Personal Loan With No Origination FeesTo select the best personal loan for you, look at the factors that are most important to you.

☆ USAA Tells Staff, Your Remote Job Is No Longer Remote
▼ + stars: | 2023-03-02 | by ( Chip Cutter | ) www.wsj.com time to read: 1 min

Many bosses are calling workers back to the office. One big U.S. company told people hired on a remote basis that they need to start coming in. The financial-services company USAA notified some staff on Monday that they would soon be required to show up in an office three days a week, according to a company email reviewed by The Wall Street Journal.

Pros Check mark icon A check mark. Pros Check mark icon A check mark. No minimum opening deposit Check mark icon A check mark. Eligible for new accounts after your child turns 13 Check mark icon A check mark. But if you'd like to open a savings account for your child, it only lets you open one of the bank's regular savings accounts as a joint bank account.

Car insurance costs are on the rise in 2023. Here are three ways to make sure you find the best car insurance deal for you. Bundle your renters or homeowners insurance with your car insuranceIf you already have homeowners or renters insurance, you might be able to save on your car insurance by getting your car insurance from the same company. According to InsuranceQuotes data, the average driver saves about 16% on their insurance premiums by bundling their homeowners insurance with their car insurance. If you don't have homeowners insurance yet and are looking for a provider, CNBC Select has picked the best homeowners insurance on the market.

(See our methodology to see how we choose the car insurance companies for high-risk drivers.) Best car insurance for high-risk driversBest overall: State FarmState Farm Best for at-fault accidents: ErieErie Best for speeding tickets: GeicoGeico Best for DUI/DWI: ProgressiveProgressive Best for military members and veterans: USAASubscribe to the Select Newsletter! What's the best car insurance for high-risk drivers? Each car insurance company considers your risks differently and will price your car insurance premium accordingly. Our methodologyTo find the best insurance companies for high-risk drivers, CNBC Select looked at dozens of insurers offering coverage to high-risk drivers.

☆ Best Car Insurance Companies for Young Drivers
▼ + stars: | 2023-02-01 | by ( ) www.wsj.com time to read: +14 min

By Kat TretinaWhether you’re a parent adding a child to your car insurance or a recent college grad purchasing your own policy for the first time, you may experience sticker shock when you see how expensive car insurance premiums can be. Geico also has useful options for young drivers who have made serious mistakes in the past. For young drivers looking for personalized help choosing the right policy, the lack of local agents can be a significant downside. Best Car Insurance with TelematicsState FarmWhy We Chose It: Usage-based insurance, also known as pay-as-you-drive, uses smartphones or telematic-technology to track driver behavior and is increasingly popular. How We Picked the Top CompaniesTo identify the top car insurance companies for young drivers, we researched the 22 insurers ranked in the 2022 J.D.

USAA Classic Checking 4.25 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.25 out of 5 Stars Annual Percentage Yield (APY) 0.01% on balances of $1,000 or more Minimum Deposit Amount $25 View Full Details Learn moreUSAA Classic Checking 4.25 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.25 out of 5 Stars Annual Percentage Yield (APY) 0.01% on balances of $1,000 or more Minimum Deposit Amount $25 View Full Details Learn more at USAA's secure site. Access to 1,200 free USAA ATMs Check mark icon A check mark. Read our review Read Our Review A looong arrow, pointing rightUSAA vs. Navy Federal CD comparisonsUSAA Bank CD Navy Federal Credit Union Standard Certificate Term lengths 30 days to 7 years 3 months to 7 years Minimum opening deposit $1,000 $1,000 APY 0.01% to 3.71% 0.45% to 4.45% Early withdrawal penalties 30 days to 1 year of interest 90 days to 1 year of interest Types of CDs Standard CDs, Jumbo CDs Standard share certificates, Jumbo share certificates Next steps Learn more Learn moreWinner: Navy Federal Navy Federal and USAA CDs are comparable in many ways, but Navy Federal wins when it comes to interest rates. Winner: Navy Federal Navy Federal is a default winner for this category because USAA doesn't have a money market account. At Navy Federal, you'll need to open the Navy Federal Credit Union Share Savings Account to become a member.

Search resuls for: "USAA"

25 mentions found