A homeowners insurance perfect storm: Providers’ costs rise, users’ coverage shrinks

Despite the necessary requirement for a homeowner to maintain insurance on their property for protection against human- and naturally-occurring disasters, the impacts of climate change are creating “natural” scenarios that are increasingly not covered by insurance.Such instances are accelerating in
Read MoreTop indie firm Portside acquires another brokerage in Central Maine

Portside Real Estate Group, led by Dava Davin, has acquired Lakepoint Real Estate, led by industry veteran Dan McCarron, the company announced on Wednesday.It is the second company that Portside has acquired. In 2018, the brokerage onboarded RE/MAX Heritage in Yarmouth, Maine, led by Mike Lepage.As
Read MoreRocket bets big on AI for bespoke customer experiences

Rocket Companies, the parent company of Rocket Mortgage, hired its first chief technology officer this week, bringing former Thomson Reuters and Intel executive Shawn Malhotra into the fold. The hire is Rocket’s latest move to bolster its already robust investment in artificial intelligence.Varun Kr
Read MoreLife of Social Security trust fund gets slight extension

Social Security is often the centerpiece of seniors’ fixed income in later life, and while predictions remain limited for the life of the program’s trust fund, there was some good news recently from the Social Security Board of Trustees this week: the fund will last a year longer than predicted in 2
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