Tag: #losses

Wealth Management

Financial Predators Targeting Seniors: Elder Fraud Losses Surge to $3 Billion

Tuesday, October 27, 2026 | 00:59

A harrowing trend has emerged within the American financial landscape, as new data reveals that older adults are increasingly becoming the primary targets of sophisticated, high-stakes fraud operations. According to the Federal Trade Commission’s (FTC) ninth annual "Protecting Older Consumers" report, losses reported by Americans aged 60 and older have ballooned to approximately $3 billion […]

Retirement & Insurance

Appellate Court Rules Insurers Cannot Reclassify Losses and Invoke Higher Deductibles After Payouts Have Begun

Saturday, October 24, 2026 | 06:50

Insurance companies do not get a "mulligan" when they miscalculate a claim and later attempt to reverse course to avoid major payouts, a federal appeals court has ruled in a high-stakes legal battle involving heavy rain damage to a massive solar energy installation in Georgia. In a strongly worded decision handed down by the U.S. […]