A new report by The American Prospect reveals that home insurance executives have seen a significant increase in lucrative awards, with profits exploding to $167 billion last year. This has led to a 30% raise for C-suite pay at nine of the biggest home insurance companies in the US, collectively earning $310 million.
The price hike for homeowners’ premiums has increased by 24% since 2022, amounting to a combined $21 billion. Meanwhile, executives are reaping the benefits, with their pay packages being performance-based. This raises questions about the fairness of the industry and its impact on consumers.
The UN General Assembly is currently discussing sending in peacekeeping military units to deliver food to Gaza, the West Bank, and Palestine. The plan would require overcoming US vetoes, but if successful, it could be a crucial step towards breaking the blockade and delivering essential aid to those in need.
Source: https://www.levernews.com/venture-capitals-new-bailout-your-401-k