Business Matters with Don Ma

Worst Losses for Home Insurers in 100 Years: Report; DOJ Asks Court To Uphold TikTok Sale Or Banned Law | Business Matters Full Broadcast (July 29)


Listen Later

2023 saw the worst underwriting loss in a century for home insurers. That’s according to rating agency A-M Best. It found insurance providers were hit with a 15-billion dollar net underwriting loss. That’s when an insurance company has to pay out more in claims than expected.

The Justice Department is asking a federal appeals court to uphold law that would ban TikTok. It gives Chinese owner ByteDance until January to sell TikTok’s U-S assets or else be banned.

The British government is warning Brits to get ready for some economic pain. The UK announcing a raft of cuts to dig itself out of a $28-billion-dollar spending hole.


In a statement to the House of Commons, its Finance Minister pledged to make the “necessary”, “urgent” and “incredibly tough” choices to restore the country’s economic stability.

...more
View all episodesView all episodes
Download on the App Store

Business Matters with Don MaBy Epoch Media Group

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

22 ratings