Geico, Progressive, Liberty Mutual join Allstate in issuing coronavirus credits

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Geico, Progressive, Liberty Mutual join Allstate in issuing coronavirus credits

Geico, Progressive and Liberty Mutual joined a growing parade of insurance companies that are cutting rates for policyholders and lowering premiums this spring because there are fewer cars on the road as a result of the coronavirus pandemic. The trio were …
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Banks and health care companies will report earnings, but virus updates will matter most in week ahead

The first quarter earnings season kicks off in the coming week, and while numbers could be bad, analysts expect the market could look past them, just as it has done with negative economic data. Companies are expected to withdraw guidance for the calendar …
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SCC extends ban on utility service disconnections

RICHMOND, Va. — The State Corporation Commission (SCC) is extending a suspension on utility service disconnections originally ordered to end on May 15. The order, which prohibits disconnections of electricity, gas, water and sewer utility services during …
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State Street Delays Shaking Up World's Biggest ETF on Volatility

State Street Corp. is delaying rebalances of some of its biggest ETFs amid coronavirus-fueled market turmoil. The $256 billion SPDR S&P 500 ETF Trust, or SPY, is among almost 60 products tracking S&P Dow Jones indexes that are impacted, according to …
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BlackRock CEO Larry Fink Earns $25 Million in 2019

BlackRock Inc. Chief Executive Laurence Fink earned $25.25 million last year, a 5% boost for an increasingly influential figure behind the U.S. government’s response to the coronavirus crisis. Mr. Fink’s pay for his work in 2019 included a $7.75 million cash …
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