Financial Services

Major insurance companies are discontinuing policies in states prone to natural disasters like California and Florida, leading residents to seek coverage at higher premiums. Insurers cite the increasing risks of extreme damage from floods, hurricanes, and fires as the reason for backing out of certain states, resulting in rate hikes for policyholders.

Gold investment has witnessed a remarkable surge in recent months, driven by a confluence of factors that have made it an increasingly attractive asset for investors. The volatility of traditional markets, coupled with the persistent threat of inflation, has led many to seek alternative avenues for safeguarding their wealth.

Retailers often use "spaving" tactics to encourage consumers to spend more money in the name of saving, but these tactics can lead to overspending and unnecessary debt. Consumers should be aware of these tactics and avoid them by sticking to their lists, unsubscribing from promotional emails, and sleeping on unplanned purchases.

Americans' retirement aspirations have skyrocketed to $1.46 million, fueled by concerns about inflation, longer lifespans, and potential Social Security cuts. However, the average American's retirement savings amount to a mere $88,400, creating a substantial gap of $1.37 million between their dreams and reality.

Mumbai-based Weizmann, a part of a diversified group, is planning to take legal action against Western Union Holdings, the American money-transfer giant, for allegedly imitating its trademark and logo. Weizmann's lawyers claim that Western Union's use of a similar mark constitutes infringement and dilution of its intellectual property rights.