Rite Aid Prepares Chapter 11 Bankruptcy to Restructure Debts
Rite Aid Corp. is preparing a Chapter 11 bankruptcy filing to restructure debts including opioid liabilities, according to people with knowledge of the matter.www.bloomberg.com
We maybe that, and the fact that restructuring corporate debt isn’t so easy anymore with current rates. All these huge corporations have been able to restructure debt at flat or better rates for the last decade.
Insurance is getting uglier than it was, that's for sure.
It’s just begun… we’ve seen the rate filing for 1st quarter of next year. Ye be warned
As if everything they disclose is the absolute truth…. Insurance carriers aren’t talking about losses the assumed due to buying bonds at low rates…. But we all know… there are always several things at play that cause things like this.
Strange times....
I actually think this is a much bigger issue than claims. I haven't heard a single company come out and say anything about the bad investments for all that money that has to sit. I know alot of companies are selling large properties right now and some at a loss.
are you guys still writing any new business w/ Mercury?
I feel safer already knowing you will comply like a good boy.I think that portion of the workforce has already left permanently, during the first go around. It kind of sucked, because of the work load for us. but we all made a bunch of money, a were still here, ready to mask up if asked.
correct the list usually goes
Driving is also a luxury.
luxurious necessity for those living in the rat race with a commute.
Does it go up the list if vehicle driven is a Luxury vehicle? Asking for a friend…..
Choices. Granted, it takes years of discipline to achieve some goals. Right now I'm blessed to not have to drive to work. It's a gift I don't take lightly. I was stuck in that SoCa driving culture for most of my life, I really love not having to drive now.
I'm overanalyzing the purchase of a second vehicle right now. I like our little Colorado Oil burner, but it is too small to pull the boat I want. I want a truck with no computers, like a W250 Cummins 4x4, but the thought of driving that from Montana to LHC is brutal. Decisions decisions.
If you are locked into a historically smart no risk investment and then the the fed increases the rate from 0 to 5% in a 18 month period and then you compound that with being forced to charge 2020 rates while you are paying out 2022-23 claims things are going to get rough.
Choices. Granted, it takes years of discipline to achieve some goals. Right now I'm blessed to not have to drive to work. It's a gift I don't take lightly. I was stuck in that SoCa driving culture for most of my life, I really love not having to drive now.
If I get called back into an office, I will live near a factory if possible.
Still driving is not required to live.
I'm overanalyzing the purchase of a second vehicle right now. I like our little Colorado Oil burner, but it is too small to pull the boat I want. I want a truck with no computers, like a W250 Cummins 4x4, but the thought of driving that from Montana to LHC is brutal. Decisions decisions.
First world problems I guess.
Carmagadon needs to materialize to make this easier.
$25K for a 35-year-old truck is hard to justify knowing it will bleed you dry on maintenance costs.
Carmagadon needs to materialize to make this easier.
Or even out the door for MSRP.....
Hopeful people won't want to collect a dozen cars due to rising insurance costs and will see fit to liquidate the older stuff. With a lack of cash flow perhaps we see reductions. I've been shopping in states with high insurance and registration costs.
I think you will see people selling off the "extra car" in the next year or so once rate increases settle in and it becomes more of an expense than a convenience keeping it around. Problem is, that will be more so cars or vehicles that are 10-15 years old that people had full coverage on. Most cars that are much older and only carried liability only continue being fairly inexpensive to keep around.Hopeful people won't want to collect a dozen cars due to rising insurance costs and will see fit to liquidate the older stuff. With a lack of cash flow perhaps we see reductions. I've been shopping in states with high insurance and registration costs.
Edit: Plus the state with aggressive unfriendly smog certification requirements. LOL
Mind if I ask what the value is stated at on the 05?
It's not always about you.
No idea, its been insured since I bought it new with all my other vehicles. 100/300 policies with comprehensive, collision, under insured etc... $48.15 a month net all my multi car, multi homeowners, mulit boats bundle. But it is listed as 5000 miles a year or less, which is more than I use it. (No kids in house, both drivers over 50, no tickets/accidents)
My 06 regular cab long bed 2500 was $1200 a year full coverage 10k miles a year. So I sold it for $4500 7years ago. Often times wish I still had.
Most insurance carriers do not offer stated value on normal cars. They provide ACV (Actual cash value) based on current market values for similar condition/miles/model. They typically have to pull several comps to come up with an average value.
The heat is one of the biggest contributing factors of this. Regardless of what anyone thinks of California, and it's horrible politics, and insane real estate costs, it has some of the best climate in the world. It spoils people who have lived there for any length of time. Especially in and around L.A. and the San Diego area.
Same here. I've lived 32 consecutive years in Arizona, (since 1991). And before that 38 consecutive years in Chicago. (Where I was born and raised). And I would do ANY Arizona Summer over ANY Illinois Winter 7 days a week, and twice on Sunday.
Thank you
It might surprise you, as People who Know and Want this type of Property, understand and do not care about the "Backdrop" of a changed Season.
