Sun National Bank Center Wed, 18 May 2022 17:15:37 +0000 en-US hourly 1 Sun National Bank Center 32 32 Politeness a winning strategy on Idaho primary day Wed, 18 May 2022 17:15:37 +0000

I remember hearing the story of a man who moved to Idaho and took a job in school administration. During his first weeks in town, he was amazed when he walked the streets and strangers greeted him. They made eye contact, said hello, and often asked how her day was going. It was a culture shock. He had come from an urban environment where people rarely looked each other in the eye and as if to remind you that they were aware of your presence. Like a defense mechanism.

Fact cool idaho also applies to politics? Perhaps we have new evidence.

A smile opens doors

Raul Labrador was right. He said Monday he had seen three polls and one had him winning a primary for state attorney general by 14 points. It was perfect. He also refrained from calling his opponents. He represents a wing of the party that I wouldn’t call the establishment. Yet in other statewide races, his team has failed on every level. Was it because they weren’t positive?

Over the past two years, I have heard many non-establishment candidates call Governor Brad Little a tyrant or Little chicken. First, it sounds childish coming from a candidate. Brad Little can be a lot of things his opponents don’t like, but his public persona is very jovial. His campaign ads were all positive and he was generally smiling.

Positive campaigns and positive thinking

I received about 14 tons of political mailings before Primary day (a slight exaggeration) and every time I saw a mailing from the Labrador campaign, he always beamed with a smile.

As of this writing, Glenneda Zuiderveld has a narrow lead over Jim Patrick for the State Senate in District 24. She told me last week that the two get along very well at candidate forums. . Both are people who smile easily. She had a TV ad where she stood on the steps of the Capitol and calmly explained her faith and conservative roots. She did not speak ill of the holder. There may be lessons here for future candidates.

I jokingly told Labrador on Monday that name-calling should be left to the talk show hosts. He’s laughing.

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Standardized Plan Requirements for ACA Coverage in 2023 – Status of Reform Wed, 18 May 2022 01:39:20 +0000

April 28and, the Centers for Medicare and Medicaid Services (CMS) announced their final adjustments to the Affordable Care Act (ACA) rules for calendar year 2023. Among the changes is a requirement that plan sponsors participate at the offers standardized plans in addition to their other products. An important objective of this policy, which is opposed by the insurance industry, is to increase competition by making the differences in premiums between different plans more obvious to consumers.

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States already have the possibility of imposing standard models on their markets, and several do so. California has required insurers to sell only standardized plans since ACA market reforms took effect in 2014. A total of nine states implemented some version of benefit standardization in 2022. (Colorado was on track to join them in 2023 even before the federal mandate was announced). ). New Jersey and Maryland have implemented partial standardization regarding allowable plan deductibles.

The case for the CMS rule change and an outline of the new policy was set out in a document released late last year by the Office of the Assistant Secretary for Planning and Evaluation (ASPE) of the Department of Health and Social Services. Several points stand out:

  • There is precedent for the standardization of insurance sold directly to consumers. In legislation passed in 1990, Congress required insurers sponsoring Medigap policies to conform to ten standard models (the number of allowed plan models was increased in the Medicare Modernization Act of 2003) . Now in place for over three decades, the federal Medigap rules have become an accepted part of the market.
  • The ACA statute established a framework of essential benefits but did not explicitly mandate strict standardization of plans (CMS acts under its broad authority to impose rules that will improve the functioning of the market). Except in 2017 and 2018 (as noted below), insurers in states that did not impose standardization requirements were free to adjust the cost-sharing terms of all their offerings as long as the actuarial value of the coverage remains within the limits established by the ACA for the various metal levels.
  • The ACA allows states that run their own marketplaces and those that run their marketplaces through to impose standardization rules on participating insurers and, as noted, several have chosen to do so (in 2022, 17 states plus the District of Columbia run their own exchanges; 3 states run their marketplaces but rely on the platform). Additionally, for 2017 and 2018, CMS implemented an optional Obama-era standardized plan framework – called Simple Choice – that applied to all states using as the portal through which consumers select their plans. . Insurance policies that conform to the specified models have been placed on a special display on the website to distinguish them from other offerings.
  • Enrollment in Simple Choice coverage was low, despite the favorable placement. In 2018, only 6.8% of the eligible population subscribed to a Simple Choice plan.
  • The Trump administration’s decision to suspend Simple Choice from 2019 coincided with a substantial increase in the number of plan and product sponsors. In 2022, the average number of plan sponsors in a county served by was 6.4, up from 2.8 in 2019. Additionally, the average number of policies available in these counties was 107.7 in 2022 , up from 25.9 in 2019. The ASPE report notes that many of the policies offered by insurers through are broadly similar, but include minor tweaks that allow them to be sold as separate products.
  • A federal district court ruled in 2021 that the Trump administration acted arbitrarily in revoking the Simple Choice option from 2019.
  • The Biden administration argues that the research underscores the dangers of too many diet options, as consumers become unable to weigh the trade-offs between premiums and additional benefits. The ASPE document points to studies documenting high percentages of consumers who select objectively inferior plans when presented with a large number of options.
  • The CMS rule creates eight standardized plans that all insurers participating in must offer when selling policies on the relevant tiers (there are four models for the silver tier due to the different levels of cost-sharing assistance related to these plans). So, for example, insurers wishing to sell one or more platinum plans must offer the standardized design of CMS in addition to its other versions. CMS templates specify deductibles and other cost-sharing terms for different tiers. For example, the standard gold plan has an annual deductible of $2,000, a co-payment requirement of $30 for primary care visits, and a coinsurance of 25% for emergency services.
  • Separate standardized plans are being created for Louisiana and Delaware to accommodate their cost-sharing rules for specialty-level prescription drugs. Additionally, Oregon, which operates its marketplace through, is allowed to keep its version of standardized offerings.
  • Standardized plans will again be displayed separately from other offerings on Brokers selling directly to consumers in affected markets will be required to do the same in their promotional materials.
  • States that run their own exchanges are exempt from the rules that apply to coverage. They remain free to impose their own standardization requirements.

The administration’s push for standardization is sure to remain a point of contention with the insurance industry for years to come. If the new rules are found to reduce premiums for consumers (and taxpayers) by increasing, rather than weakening, plan competition, they are likely to become a permanent feature of the market. Conversely, if consumers find themselves with inadequate options because many insurers pull out of the market, pressure could intensify on CMS to revise the requirements.

James C. Capretta is a columnist for State of Reform and senior researcher at the American Enterprise Institute.

Louis Schornstein Releases Think Home Loans Book on Amazon to Help New Jersey Homebuyers Tue, 17 May 2022 18:14:03 +0000

In recent events, Prime Time Mortgage appeared in Louis Schornstein’s book on Amazon. The book called Think Home Loans is to help people buy homes in New Jersey. As a mortgage company, being mentioned in the book is a significant achievement and a testament to the quality of the company’s services.

Springfield, New Jersey – May 17, 2022 – Prime Time Mortgage Corporation is a professional mortgage company that helps people realize their dreams of owning homes in beautiful Springfield, NJ. The company works diligently and tirelessly to bring people the best deals. They have various offers and unique situations, such as 100% VA financing. The team has an excellent track record and has helped many families settle into the city and into their new homes. The people of Springfield, NJ have a team they can count on.

With all the accolades and hard work they’ve put in, it’s no surprise that the company has been recognized by some big names. Louis Schornstein has created an ultimate guide to buying homes in New Jersey. Finding a new home and going through all the necessary processes is tedious. It takes people a long time and many more give up. However, a person has all the information needed to successfully complete your home search with the guide. This is precisely why Louis Schornstein wanted to create this book. He knew more people could find the home they’ve always wanted if they knew the exact steps to follow through the process.

Think Home Loans is a 105-page book designed to help locals find their dream home. The guide includes information on what you need to know, as well as advice on how to get the most out of your home search. For all New Jersey residents looking for their next home, Think Home Loans is the perfect resource. Don’t go into the home buying search blindly; know what to expect before you even start. In the book, Louis mentions Prime Time Mortgage Company for who they are, a premium team by his side when trying to buy a new home. Financing is a crucial part of the home buying process.

Prime Time Mortgage Corp is the leading provider of home loan advice in New Jersey. They are dedicated to helping their customers find the best mortgage product from dozens of banks offering hundreds of loan products. The company has encouraged people to pick up a copy of the Think Home Loans book, which has great information. No one wants to go house hunting blind. With the correct information, the process is simple and time spent is reduced. Springfield, NJ is a fantastic place to live.

About Prime Time Mortgage Corporation

Prime Time Mortgage Corporation is a professional mortgage company in Springfield, NJ. The team has a wide range of services and their main objective is to help people realize their dream homes with adequate financing. The group was recently recognized in Louis Schornstein’s book Think Home Loan.

Media Contact
Company Name: Prime Time Mortgage Corporation
Contact person: Michael Graziano
E-mail: Send an email
Call: 973-699-1983
Address:275 Route 22 East
City: Springfield
State: New Jersey 07081
Country: United States

Use State Budget Windfall to End NJ Beach Fees | Letters Mon, 16 May 2022 21:16:00 +0000

The answer to the recent article “Big (state) budget question: What to do with the glut of money?” is it:

Free the beach!

It is wrong to prevent people from using public facilities and preventing them from swimming or sunbathing because they cannot afford the beach fees imposed by most Jersey Shore towns.

It is a matter of social justice and personal freedom. It’s time for the New Jersey state government to end the repressive, discriminatory, aggravating and ineffective beach badge system by bearing the cost of beach maintenance and lifeguards.

That would equate to a tiny fraction of the nearly $50 billion state budget proposed for 2002-2023. And this year, with $4 billion in unplanned revenue and an additional $3 billion in unspent federal coronavirus relief funds, there’s no excuse to keep forcing us to pay to sit on the sand.

The resulting increase in tourist taxes could even mean that the switch to free beaches is profitable, when combined with the huge savings on the salaries of badge sellers and checkers. Workers freed from these unnecessary positions can likely find summer jobs elsewhere as wages rise and employers scramble to hire.

The time has come to free the beach!

Neil Vincent Scheck, Belmar

Reinforced battle sites will attract tourists

Just read the timely guest column, “Tweak our Revolutionary War sites for tourists and we can make billions,” by Patrick Murray.

It was particularly timely for me because I recently spent six days visiting Civil War sites in Fredericksburg and Charlotteville, Virginia. Even out of season, there were plenty of tourists like me. These sites and others we have visited have been designed to be informative, with visitor centers, National Park Service staff and tours organized to help people like us get the most out of our visit.

We would love to have the same opportunity to see Revolutionary War sites near our home in New Jersey if those sites were for tourists. As the article mentioned, we certainly have more than our fair share of history. Let’s take our billion dollar share of tourism revenue before the celebration of the 250th anniversary of our nation.

William Wisnewski, Manchester

It’s not enough to give up student loans

A few months ago we started the college application process for my eldest son. Since playing football, he has tried out for several colleges. He was accepted into a team and asked for a quick decision in this school.

Because we knew how much money higher education in the United States costs, I insisted that my son apply to colleges in Europe, since he has a European passport. University in Europe costs about 2,200 euros (currently about $2,300) per year.

Unfortunately, our planned 2020 trip to Europe to show him that college there can also be fun and of good quality, had to be canceled due to COVID-19. My son ended up accepting an offer from a private college in Ohio, for which we will pay $60,000 a year. It is excessively expensive. We all know that.

The reason why college in America is so expensive is, among other things, that there are no government regulations on prices. Education should be a right, not a privilege. Canceling student debt is a good idea, but it won’t solve the fundamental problem. We need leaders in Washington who prioritize education as a human right.

Free and quality colleges exist in many countries, even in some developing countries. Argentina got free higher education for a century. It’s just a matter of who leaders prioritize: people or companies.

Invest in people. Higher education for all.

Maria Eva Dorigo, Montclair

Is it OK if the drugs aren’t illegal?

Regarding “CFA charge against Senator Sandra Cunningham dismissed”, in reference to a March 4, 2021 incident in Jersey City:

The recent article reported that the charge against State Senator Cunningham, D-Hudson, was dropped after 14 months, when prosecutors told a judge there was not enough evidence to prove the case.

A police report said the senator was arrested at 9:30 a.m. on Culver Avenue after ramming two parked cars. Police alleged that she appeared unsteady, had poor slur and believed she had hit a snow bank.

According to court statements, two prescription drugs, but no alcohol or illegal drugs, were found in his system. Prosecutors said they had no expert testimony indicating the senator was “actively under the influence” of alcohol or drugs. Cunningham pleaded guilty to reckless driving and was fined $150.

After the dismissal for DWI, his attorney said, “From the outset, we said Senator Cunningham did not drive under the influence of alcohol or drugs.”

Really? It’s our country’s biggest drug problem: prescription drugs. We have witnessed it time and time again. It’s an epidemic, causing addiction and death. However, if it is legally prescribed to the patient, does that mean that all is well?

What are the consequences for driving and possibly accidents when taking prescription drugs? I did not see this issue raised when driving under the influence of the now legal cannabis was debated.

Christine Calhoun, Cranford

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Chain stores direct poor customers to predatory auto repair loans Mon, 16 May 2022 16:40:00 +0000

An auto mechanic walks through a repair shop on January 13, 2022 in Louisville, Kentucky.

An auto mechanic walks through a repair shop on January 13, 2022 in Louisville, Kentucky.
Photo: Photo by Jon Cherry/Getty Images (Getty Images)

Owning a car means enduring different levels of headaches, but there’s one nightmare that haunts us all: costly and unexpected repairs. And where there are big, stressful, urgent bills, there are shady entities waiting to take money from desperate people. consumer reports alerts customers to a new trend Overcharged: Major auto repair chains like Jiffy Lube, AAMCO, Meineke, Midas, and Precision Tune Auto Care offer payment plans through shady loan companies charging predatory interest rates, targeting the poor with poor credit to their most desperate.

It works like this: while most states have caps on interest rates to prevent predatory lending, some still allow banks to charge whatever they want. EasyPay Finance, a loan company mentioned in the CR report, uses Transportation Alliance Bank, which operates out of Utah where there is no interest rate cap. Customers who cannot afford the cost of a repair, who do not have other forms of credit, are offered the option of financing the store invoice via EasyPay, with the understanding that, if the invoice is paid within the 90 days they won’t be charged interest. After those three months, the ridiculous interest rates – up to 189% – and hidden fees start piling up.

There are hundreds of unverified complaints on websites like the Better Business Bureau and the Consumer Financial Protection Bureau. Even when the customer pays the balance within the 90 day period (or tries to do so), EasyPay does not always keep its end of the bargain. Since CR:

[C]Consumer complaints against EasyPay Finance and its parent company Duvera Billing Services, LLC, based in Vista, Calif., allege that the company makes it nearly impossible for consumers to repay loans on time and that the company charges consumers a fee or unexpected interests. A complaint on the Consumer Financial Protection Bureau database describes how payment problems due to an alleged clerical error invalidated the 90-day interest-free agreement, regardless of the consumer’s good faith efforts to clarify the issue. “He told me he already had my correct debit card number because I gave it to him to pay the application fee,” the 2018 complaint states. “I also have two receipts showing he had the correct debit card number as he used it to charge a [$500.00] deposit and run the [$90.00] Registration fees. I didn’t know anything about the input error and tried to fix it. I spoke to three different people at . . . and they refuse to honor the 90 as cash. A response from the company on this complaint states: “The company believes it has acted appropriately as permitted by the Contractors Act.

consumer reports contacted several major auto repair chains to find out more about EasyPay. Responding companies said CR most of their stores are franchised, with individual store owners deciding what financing options to offer their customers. EasyPay did not respond to CR‘s requests for comments.

We all love cars here, but I’m starting to feel the amount of bullshit involved in owning a car, especially since owning a car is a requirement for so many Americans. One in three people in the United States don’t have a few hundred dollars on hand for an unexpected car repair (or any other surprise expense). And it’s not like people can just go out and buy a new used car – the prices increased by 40% compared to a year ago, with an average used car now costs $27,500. It’s hard to blame the poor for being caught up in predatory schemes like these when there are so few other options.

For more information on these predatory auto repair loans and how to avoid them, check out full consumer reports article here.

New York Islanders, New Jersey Devils, Vegas Golden Knights – Mon, 16 May 2022 01:07:51 +0000

Welcome to the Sunday edition of Full Press Hockey’s NHL Rumors! The Stanley Cup Playoffs are here and the action is hot and intense. While all eyes will be on the teams playing for the Stanley Cup, the teams that didn’t make the playoffs will focus on improving their squad for next season. Additionally, playoff teams also have work to do once their season is over. In this edition of NHL Rumors, we’ll take a look at the New York Islanders, New Jersey Devils and Vegas Golden Knights.

New York Islanders – Mike Babcock

Rumor: Per – Kevin Kurz – Kurz points out that Lou Lamoriello has a habit of going with known amounts when appointing a new head coach. Could he consider Mike Babcock?

Lamoriello doesn’t like bringing in a coach he doesn’t know very well. Although Babcock was not hired by Lamoriello in Toronto, Lamoriello was signed approximately two months after Babcock took the position behind the bench on a long-term contract of eight years.

The two have a unique relationship, and that familiarity makes Lamoriello warm and fuzzy. Lamoriello may want a head coach who pushes his players more than Barry Trotz. Babcock is known for pushing his players hard, but he knows how not to cross the line.

Of course, with Lamoriello’s history of not dropping much information about his next move, it could take a while. Still, if Lou is to put that last season back in his memoirs, the hiring of someone like Babcock needs to be tackled as soon as possible.

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New Jersey Devils – Trade pick No. 2

Rumor: Per – Shane Seney – The New Jersey Devils find themselves in an ideal situation with their second overall pick. Swap it or keep it? If they trade it, what could they get in return?

There could be three possibilities here.

Option 1: Trade the pick for a leading scorer like Chicago Blackhawks forward Alex DeBrincat. Think about it. The Blackhawks are rebuilding and the No. 2 pick should be an attractive option even if it means losing DeBrincat. He has 73 goals in his last 134 games and that must have Devils general manager Tom Fitzgerald licking his chops.

Option 2: Trade the pick to the Arizona Coyotes for Jakob Chychrun with forward Lawson Crouse. The Coyotes would then have the second and third picks with numbers 30, 31, 34, 36, 43 and 45! That would make GM Bill Armstrong’s strong writing skills that much better. Of course, that would mean the Devils kicking off by taking two experienced players from Chychrun and restricted free agent Crouse who has 20 goals, 14 assists in 65 games. Adding Chychrun to the Devils blue line with Dougie Hamilton on the right side must be appealing. The Coyotes would love this as they are in the midst of a huge rebuild.

Option 3: Trade the pick to the Vancouver Canucks for forward Brock Boeser. The Canucks will have more than $13 million in cap space next season, but must pay Boeser a $7.5 million qualifying offer to keep him. The Canucks could choose between center Logan Cooley or forward Juraj Slafkovsky. Not a bad thing at all.

Vegas Golden Knights – Reilly Smith

Rumor: Per – Danny Webster – Webster thinks Reilly Smith will be a hot commodity this summer. Salary cap issues could prevent the Golden Knights from signing Smith. Will he go, or will others do so that he stays?

Smith was out for the final six weeks of the season with injury, but had 38 points in 56 games. Unfortunately, the Vegas club is already $500,000 over the cap which will increase to $82.5 million next season. They may have to decide whether to move Evgenii Dadonov, William Karlsson, Laurent Brossoit or even Robin Lehner to meet Smith’s salary needs. Difficult place.

So if they decide to trade Smith, who will be an unrestricted free agent, where could he go? The four teams that could afford it could be the Buffalo Sabers, New Jersey Devils, Detroit Red Wings and Ottawa Senators.

Wherever Smith goes, his 98 goals, 132 assists in 321 games in Vegas is sure to be an attractive addition to the team.

That does it for this edition of NHL Rumors. Be sure to check out our next article!

Vernon Hill ousted as Republic Bank chairman after key board ally dies Sun, 15 May 2022 00:34:52 +0000

A boardroom coup following the death of a key ally of Republic First Bancorp Inc.’s divided board of directors has forced veteran Moorestown banker Vernon Hill out of his post as chairman of the board of directors. administration of the Philadelphia corporation, which operates Republic Bank and its 33 branches in New Jersey, Pennsylvania and New York.

Hill was replaced by Harry Madonna, returning to a role he held before he and Hill became adversaries in a struggle for control. Madonna said in a statement Friday that it looks forward to “working with the board and our employees” to “create value for our constituents.”

But the combative Hill remains Chief Executive of the Republic, with allies considering a legal counteroffensive. Hill also retains a seat on the board. Hill said Saturday he would have no immediate comment.

READ MORE: Republic Bank board splits into opposing camps loyal to Vernon Hill or George Norcross

Hill’s removal from the top board position by members who support dissident investors was made possible by the death on Tuesday of a Hill supporter Theodore J. Flocco, retired accountant, who lived in Mount Laurel.

In a statement to bank workers on Thursday, Hill praised Flocco as “loyal” and a supporter of Hill’s efforts to grow the bank in metro Philadelphia and New York.

Flocco and Hill were part of a four-member Republic board faction that had locked horns with Hill’s critics and prevented movements against him and his policies.

The dissenters — who got a one-vote majority with Flocco’s passing — are Andrew B. Cohen, a longtime investment manager for Wall Street billionaire and New York Mets owner Steven A. Cohen. ; attorney Lisa Jacobs, a partner at Stradley Ronon Stevens & Young in Philadelphia; Madonna; and Harvey Wildstein, who runs LifeLine Funding LLC.

READ MORE: Philly Bank Deal: Norcross Group Proposes to Acquire Majority Control of Hill’s Republic

They side with longtime South Jersey insurance broker, hospital superintendent and Democratic party king George Norcross.

The group did not wait for Flocco’s funeral mass, scheduled for Wednesday at St. Joan of Arc Catholic Church in Marlton, to exploit his death by using their newfound majority to call for a board vote that they expected to see lose.

Norcross supports the efforts of activist investors seeking to oust Hill in favor of their own candidates in the bank’s 2022 board elections, which have yet to be scheduled. Hill’s remaining allies include accountant Barry Spevak and Brian Tierney, founder of Brian Communications, whose clients include First Republic. (Norcross and Tierney were each executives of investor groups that previously owned The Inquirer.)

Norcross allies include former TD Bank executive Gregory Barca – the two heads of an investor group that bought shares in Republic – as well as Driver Management Co., a hedge fund that has compiled a list of insurgent candidates to replace Hill and his board allies.

These dissidents blame Hill for driving down Republic’s profits. They say Hill has spent too much money building new bank branches at a time when more Americans are banking online and most banks are closing, not adding, branches. They also accused the Hill administration of delaying financial reporting and favoring businesses controlled by family and friends for banking contracts. They say the bank needs to cut costs so there is more money for shareholders.

READ MORE: Philly Bank Deal: Norcross Group Proposes to Acquire Majority Control of Hill’s Republic

Hill defended his strategies as proven ways to create value over time, as well as commit to increasing technology spending. But criticism of Republic has grown as the shares have fallen in value, relative to other banks, in recent years. The action revived over the winter when the Norcross and Driver factions joined forces and publicly called on other shareholders to support them, but fell again when the bank delayed financial reports and board elections, and during the general stock market retreat when the Federal Reserve raised interest rates.

Hill had previously resigned from top positions at two banks he founded.

In 2007, board fights led him to leave the former Commerce Bancorp, which was based in Marlton and was more than 10 times larger than Republic, with branches from Connecticut to the Washington, D.C. area. . When Hill left, Norcross stayed with the bank and helped arrange its sale to TD Bank.

In 2019 he left Metro Bank (UK), founded with the backing of transatlantic property investors and with the promise of shaking up UK retail banking culture, after it was found the company had downplayed mistakenly its probable losses due to bad debts.

Commercial Motor Insurance Market Size, Trends and Forecast to 2029 Sat, 14 May 2022 16:23:17 +0000

New Jersey, United States – The Commercial Automobile Insurance market report includes the upcoming challenges and opportunities in the market. It ensures a strengthened market position and a growing product portfolio by providing all the important details related to the market growth. It reveals some of the key insights and focuses on the impact of the COVID-19 crisis on different sectors of the economy. Identifying key business areas is the single most important factor in improving those areas and generating greater profits. This living market research provides an in-depth understanding of how new product offerings can fit into the market. It acts as the best guide and plays the leading role in almost all phases of the business cycle. It also becomes easy to effectively target customers to easily launch new products. This commercial auto insurance market reports another key focus is to provide manufacturing solutions at all provincial and global levels.

A comprehensive overview of market conditions and various business-related elements is covered in this Commercial Automobile Insurance market research report. It enables business actors to reach target groups and provides all important details about customers and competitors. Quantitative research methods are used to conduct this market research to provide accurate market data and problem solving. The Commercial Automobile Insurance Market report helps to identify major regions such as Asia-Pacific, North America, Europe, Middle East, Africa and Latin America where new players and merchants can develop their activities. Moreover, it performs in-depth analysis and provides market size, market dynamics, and market share.

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PICC, Ping An Insurance, AXA, Liberty Mutual Group, Mitsui Sumitomo Insurance, Berkshire Hathaway, Aviva, Chubb, Generali Group, MAPFRE.

Commercial Motor Insurance Market Segmentation:

Commercial Automobile Insurance Market, By Type

• Liability insurance
• Personal injury insurance
• Rental insurance

Commercial Automobile Insurance Market, By Application

• Passenger car
• Commercial vehicle

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UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
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This Giant Credit Card Stock Could Rise to All-Time Highs Sat, 14 May 2022 14:26:06 +0000

East American Express (AXP 3.58%) is it worth buying at its current valuation? In this clip from “The Rank” on Motley Fool live, recorded on April 25Motley Fool contributors Matt Frankel, Jason Hall and Zane Fracek explain where they ranked American Express and whether it’s a good buy given its current valuation.

Matt Frankel: It is Berkshireit is (BRK.A 0.73%) (BRK.B 0.75%) third largest to have now. They own just over 20% of American Express. They are the credit card giant. I classified this n°8, even if I am a shareholder. And it’s more of a rating issue for me. Of the three financial stocks in Berkshire’s Top 10, it is the one that, in my opinion, looks the least attractive. That doesn’t mean it’s a bad deal or Berkshire should sell it or I’m going to sell it or anything like that. AmEx is known as the credit card giant. And they are, out of the major credit card networks, Visa (V 2.71%), MasterCard (MY 3.60%)American Express, Discover (DFS 3.50%), they are the largest which is a closed-loop network. Visa and Mastercard do not lend money. When you swipe your Visa card, it essentially connects your bank to the merchant’s bank. It transfers money from your bank. Or, your bank lends you money if it’s a credit card. American Express, when you swipe your American Express card, American Express lends you money and sends it to your merchant’s account. So they make money in two ways. They make money from what they call “discount income”, but everyone else calls it “merchant fees”. It is the biggest source of their income. Every time you swipe your American Express card, the merchant is charged somewhere in the neighborhood of 2% of that transaction. They also make money from card fees. If someone has an American Express card, you probably know that they have above-average annual fees. The American Express Platinum is my favorite credit card, and it costs a lot of money in annual fees and is well worth it for many consumers. It has free Uber (UBER 4.72%) credits. He has a subscription to the airport lounge. It has all kinds of benefits that are really valuable to customers, especially millennials, which I’ll get into in a moment. They also earn money from interest because they are a lender. Everyone knows that credit card interest rates aren’t cheap, so AmEx makes money off of it. They also charge service fees for things like international money transfers, things like that. So, a quick thing about American Express business. If you’re wondering, just over half comes from consumers like you and me, 38% of American Express’ business comes from small and medium-sized businesses, one of their primary areas of focus. And 7% comes from big business, like corporate credit cards and things like that. By far, American Express’ fastest growing area of ​​business is millennials. Products like the AmEx Platinum that I just mentioned, they offer perks and benefits that are designed to really appeal to younger, affluent consumers, I guess you’d call it. I mentioned airport lounges. Uber rides are a very unique perk, which you can also use for Uber Eats credits, which is a big hit with millennials. Nine out of ten months, that’s what I use mine for. They have a $92 billion loan portfolio. They have very, very good loan quality for a credit card issuer. Right now, their write-off rate is only 0.8% of their loan portfolio on an annualized basis, which is very low for a credit card provider. Most are between 3 and 4%. That’s a big risk factor, in my opinion. If interest rates and inflation continue to rise, and we see a recession in 2022, there is – of all the major forms of lending, none of them will see a spike in defaults as high, as fast as credit cards when the economy turns sour. But, good deals all around. Highly sought after clientele. Lots of pricing power due to their clientele. They may charge merchants a bit more than Visa and Mastercard. And that’s only about 10% off the highs, so makes it one of the best performing stocks this year. Market capitalization of $138 billion. I mentioned Berkshire’s #3 stock. Guys, anyone got an idea on AmEx?

Jason Hall: Berkshire owns 20% of the company. I didn’t know it was that high. It’s the one I owned for a long time until earlier this year when I left my post. I continue to like the company, and if I get an opportunity at a very low valuation, that’s the one I’ll consider adding. I wanted to rank it higher, but I agree with everything Matt said, including the rating. That’s why I ranked it lower. I’m very curious, Zane, you rated it very high. I’m really curious to hear your thoughts.

Zane Freck: Yeah I rated it higher especially than brick and mortar banks like Bank of America (BAC 0.28%) I think. Did I rate it higher than Bank of America? I did it. A few more points than Bank of America and American bank (USB 0.02%), just because I’m a big fan of, I guess, the less brick and mortar the better. That’s kind of what I think of stocks in general. I’m very hesitant to get into retail for this reason. That’s not to say they can’t be great investments. That’s how I operate and I love the American Express brand. I mean, from my perspective, I understand that American Express is a closed loop credit card company. But if you look at the valuation of MasterCard and Visa, I think American Express actually looks pretty good, at least on a price-earnings multiple. They are cheaper than MasterCard and Visa, so I think they are quite attractive here.

Critical comparison: Berkshire Bancorp (OTCMKTS: BERK) and Associated Banc (NYSE: ASB) Sat, 14 May 2022 13:00:50 +0000

Berkshire Bancorp (OTCMKTS: BERK – Get Rating) and Associated Banc (NYSE: ASB – Get Rating) are both finance companies, but which is the best investment? We’ll compare the two companies based on earnings strength, analyst recommendations, valuation, institutional ownership, dividends, risk and profitability.

Volatility and risk

Berkshire Bancorp has a beta of 0.02, suggesting its stock price is 98% less volatile than the S&P 500. In comparison, Associated Banc has a beta of 1.04, suggesting its stock price is 4% more volatile than the S&P 500.

Valuation and benefits

This table compares the revenue, earnings per share (EPS) and valuation of Berkshire Bancorp and Associated Banc.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Berkshire Bancorp $23.65 million N / A $1.21 million N / A N / A
Associated bank $1.13 billion 2.61 $350.99 million $2.08 9.46

Associated Banc has higher revenue and profit than Berkshire Bancorp.

Insider and Institutional Ownership

77.3% of Associated Banc shares are held by institutional investors. 70.4% of Berkshire Bancorp shares are held by insiders. By comparison, 3.0% of Associated Banc shares are held by insiders. Strong institutional ownership indicates that endowments, hedge funds, and large money managers believe a stock is poised for long-term growth.

Analyst Notes

This is a breakdown of the current ratings and recommendations for Berkshire Bancorp and Associated Banc, as provided by

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Berkshire Bancorp 0 0 0 0 N / A
Associated bank 1 3 1 0 2.00

Associated Banc has a consensus price target of $24.60, suggesting a potential upside of 25.00%. Given Associated Banc’s likely higher upside, analysts clearly believe Associated Banc is more favorable than Berkshire Bancorp.


This table compares the net margins, return on equity and return on assets of Berkshire Bancorp and Associated Banc.

Net margins Return on equity return on assets
Berkshire Bancorp N / A N / A N / A
Associated bank 29.68% 8.70% 0.95%


Associated Banc beats Berkshire Bancorp on 9 out of 10 factors compared between the two stocks.

Berkshire Bancorp Company Profile (Get a rating)

Berkshire Bancorp Inc. operates as a bank holding company for Berkshire Bank which provides community banking services primarily to businesses, professionals and retail customers. The company offers savings statements, NOW, money market deposits and checking accounts, as well as certificates of deposit. It also offers commercial and industrial real estate, commercial and residential real estate, multi-family real estate, construction and consumer loans, as well as mortgage and leasing services. Additionally, the company offers ATM and debit cards; safes; bill payment, collection, remote deposit capture and currency exchange services; and mobile, telephone and online banking. It operates through two branches located in Manhattan and four branches located in Brooklyn, New York; four branches located in Orange and Sullivan counties in New York State; and a branch located in Teaneck, New Jersey. Berkshire Bancorp Inc. was founded in 1871 and is headquartered in New York, New York.

Company Profile Associated Banc (Get a rating)

Associated bank logoAssociated Banc-Corp, a bank holding company, provides various banking and non-banking products to individuals and businesses in Wisconsin, Illinois and Minnesota. The Company operates through three segments: Corporate and Commercial Specialty; Community, Consumers and Businesses; and risk management and shared services. Its Corporate and Commercial Specialty segment offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leases, asset-based loans and loan syndications; deposit and cash management solutions, such as commercial check and interest-bearing deposit products, safe deposit and night deposit services, liquidity solutions, debt and receivables solutions and services of information ; specialized financial services such as interest rate risk management, foreign exchange solutions and commodity hedging; fiduciary services such as administration of pension, profit sharing and other employee benefit plans, trustee and corporate agency services and institutional asset management; and investable fund solutions such as savings, money market deposit accounts, IRA accounts, CDs, fixed and variable annuities, full service, discount and online investment brokerage; investment advisory services; and trust and investment management accounts. The Company’s Community, Consumer and Business segment offers lending solutions, such as residential mortgages, home equity loans and lines of credit, personal and installment loans, auto loans, business loans and commercial lines of credit; and deposit and transactional solutions such as checks, credit, debit and prepaid cards, online banking and bill payment; and money transfer services. As of December 31, 2021, the company operated 215 bank branches. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.

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