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Powell Raises as Many Questions As Answers With Fed Rate Cut
The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump’s trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as Wall Street had been hoping for. During a news conference, Chairman...
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Max Harris is a Scapegoat in Ghost Ship Fire: Attorney
The attorney for one of two men on trial in connection with a fire that killed 36 people at a San Francisco Bay Area warehouse two years ago told the jury in closing arguments Tuesday that his client has been used as a scapegoat and the evidence shows he should be acquitted.
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Johnson Presses EU to Give Way Amid No-Deal Brexit Warnings
Prime Minister Boris Johnson pushed Britain closer to a no-deal exit from the European Union on Monday, insisting he will not hold Brexit talks with EU leaders unless the bloc lifts its refusal to reopen the existing divorce deal. Johnson is trying to pressure the EU to give ground by intensifying preparations for the U.K. to leave in three months...
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Hotel Owner Sues Insurance Company After 2017 Vegas Mass Shooting
More than 4,000 people are seeking damages from MGM Resorts International related to the Las Vegas Strip mass shooting that left 58 people dead, the casino giant said in a lawsuit alleging its insurance company has failed to pay promised legal costs. Las Vegas-based MGM Resorts alleges breach-of-contract and accuses Illinois-based Zurich American Insurance Co. of failing to pay defense...
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Hotel Owner Sues Insurance Company After 2017 Vegas Mass Shooting
More than 4,000 people are seeking damages from MGM Resorts International related to the Las Vegas Strip mass shooting that left 58 people dead, the casino giant said in a lawsuit alleging its insurance company has failed to pay promised legal costs. Las Vegas-based MGM Resorts alleges breach-of-contract and accuses Illinois-based Zurich American Insurance Co. of failing to pay defense...
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UK's May Hits Narrowing Road for Help Rescuing Brexit Deal
Prime Minister Theresa May said she found “a shared determination” among some European leaders Tuesday to persuade the British Parliament to accept a proposed Brexit deal, but her continental counterparts insisted any room for revisions was small. So many British lawmakers oppose the deal on the terms of Britain’s breakup and future relationship with the European Union that May postponed...
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Halloween Is The Scariest Day of The Year for This Financial Shock
Halloween could be scarier for your budget than anticipated: Homeowners and auto insurance claims tend to jump during the holiday. On average, Halloween has 17 percent more home claims for theft, vandalism and other crimes than any other day of the year, according to a new assessment from Travelers. That includes problems like doors kicked in, mailboxes knocked down and...
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SF Worker Death Prompts Lawsuit Against State Farm Insurance
The Preciado family speaks to NBC Bay Area about the loss of 34 year old Lilianna Preciado and explains why they’re accusing State Farm of putting public safety at risk. Senior investigative Reporter Vicky Nguyen reports in a story that first aired August 28, 2018.
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Family Sues State Farm Claiming Public Safety at Risk After SF Worker Was Killed
The Preciado family speaks to NBC Bay Area about the loss of 34-year-old Lilianna Preciado and explains why they’re accusing State Farm of putting public safety at risk. Senior investigative Reporter Vicky Nguyen reports in a story that first aired August 28, 2018
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Grieving Widower Says Life Insurance Provider Shorted Him $100,000
When a San Francisco couple purchased a life insurance policy, they believed they were entitled to a $200,000 benefit if either partner passed away. When the wife died suddenly, her husband was dismayed to learn he would get just half that amount.
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Tips for Being Financially Prepared for the 2018 Hurricane Season
The Atlantic hurricane season begins June 1 and runs through Nov. 30. The National Oceanic and Atmospheric Administration expects 10 to 16 named storms and, of those, five to nine could become hurricanes. Here are some tips for making sure you’re financially prepared for the hurricane season. Check your homeowner’s insurance policy’s hurricane deductible, and make sure it’s something you...
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Wedding Day Disaster? Insurance Offers Peace of Mind
Bay Area couples spend an average of about $40,000 on weddings. There’s a low-cost way to protect that investment, in the event not everything goes as planned on their big day.
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Hawaii's Volcano Eruption May Not Be Covered Under Travel Insurance
Scientists say it’s unclear how long the Kilauea volcano eruption will continue, and that’s leaving many travelers in a panic. But travel insurance experts say the eruption only won’t be covered under most travel insurance policies.
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Niners See Warner Making an Impact as a Rookie
Warner’s versatility could make him invaluable in a variety of roles at linebacker
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‘Nature as an Asset': Coral Reef Insurance May Be a Sea Change for Conservation
A groundbreaking new insurance policy is being taken out on coral reefs near the beaches in the Cancún area — not to protect boats or divers but the reefs themselves. Through parametric insurance, a new kind of risk management tool, money collected from a tax paid by local hotels will pay for reef repairs along a 60 km (about 37...
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Six Months Later, Fire Victims Still Fighting Insurance Company
Six months after wildfire completely destroyed their homes and belongings, more than 100 Santa Rosa homeowners say they’re stuck in a dispute with their insurance provider over payouts for personal property.
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US: Mexico Playa del Carmen Threat Unrelated to Ferries
The U.S. Embassy in Mexico said Thursday that a security alert about the Caribbean resort of Playa del Carmen was not related to an explosion on a ferry that injured at least two dozen people. The embassy did not specify what kind of security threat it had been informed of in the resort, which is near Cancun, Cozumel and...
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Niners' Trent Brown Has Evolved into Top-Tier Tackle
Would 49ers use their top pick on a premier tackle in the 2018 draft?
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National Fund Starting to Help Bail Defendants Out of Jail
A national effort is launching that aims to help low-income defendants get out of jail by bailing them out as their criminal cases progress through the courts. The Bail Project grew out of a successful 10-year campaign in the Bronx to pay bail for needy cases, led by attorney Robin Steinberg of the Bronx Defenders, a legal assistance nonprofit. She...
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Wildfire Q&A: 12 Consumer Questions Answered
Taxes, mortgages, insurance. Northern California consumers will confront many complex questions in the days, weeks, and months following the October 2017 firestorm.