RESOURCES

Recent wildfires have seared the property insurance market for some homeowners and businesses in the Golden State. According to the California Department of insurance, in 2017, for every $1 of premiums collected for homeowner’s insurance coverage, $2.01 was paid in out in claims, a loss ratio of 201%. In 2018, the loss ratio was 170%. This number does not account for administrative costs, including commissions, so the real damage is considerably worse. For reference, insurance carriers generally prefer a less ratio below 50-60% so they can still turn an underwriting profit after adding in administrative costs.

Flu strains in circulation change slightly every year. Flu vaccine manufacturers include or omit specific strains based on advice given by several world-class health organizations. According to recent research, flu vaccines reduce the risk of illness by about 40 to 60%, provided the flu strains included with the vaccine match those in circulation. When people do get sick, they tend to get less sick if they've had the vaccine. With all the focus on COVID-19, we must not forget about the annual flu, which is a constant killer.

Does the upcoming election mean it's time to reassess your portfolio? A historical look at presidential elections & the stock market can help you decide.

While you are stuck at home, enjoy some of the books I have most enjoyed over the last few years. And please share your favorites with me.

If you are paying for personal financial advice, you should not settle for a canned solution. Ask any potential advisor about his process for getting to know you and tailoring a plan to your situation.