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Insurance Agents Assured of Trump Pass-Through Tax Break Under Final Treasury Rule
The U.S. Department of the Treasury today issued final regulations and other guidance on a provision of the Tax Cuts and Jobs Act that allows owners of sole proprietorships, partnerships, trusts, and S corporations to deduct up to 20 percent …

POSTED JANUARY 18, 2019 9:41 PM
Oklahoma Securities Agency’s Computer Files Breached, Firm Says
The Oklahoma agency that protects investors from fraud is investigating whether its data was breached after a cybersecurity research team discovered that a computer server had left millions of files unsecured and open to the public. Oklahoma Department of Securities …

POSTED JANUARY 18, 2019 5:47 PM
Former Farmers, AIG Direct, 21st Century Exec DeSantis Named President, CEO of The General
Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to the new position of president and chief executive officer, joining Chief Operating Officer Steve Tjugum as the company’s top leaders. Elicia Azali has been named Marketing senior …

POSTED JANUARY 18, 2019 5:43 PM
South Carolina Capitol City Bans Electric Scooters
South Carolina’s capitol city has banned electric scooters for a year while the city studies the operation of companies providing the service. News outlets reported Columbia City Council voted Tuesday to prohibit the use of electric scooters to protect the …

POSTED JANUARY 18, 2019 5:36 PM
Arthur J. Gallagher Acquires Interstate Insurance Underwriters in Louisiana
Arthur J. Gallagher & Co. has acquired Shreveport, Louisiana-based Interstate Insurance Underwriters LLC, the company announced. Terms of the transaction were not disclosed. Founded in 1963, Interstate Insurance Underwriters is a managing general agency (MGA) offering a variety of property/casualty …

POSTED JANUARY 18, 2019 5:35 PM
New Suits Filed Over Pain Meds Given to Near-Death Patients in Ohio
An Ohio man said on Jan. 16 he was stunned to learn of allegations that his wife’s hospital death last year was caused by a doctor’s order for a fatal dose of pain medication. David Austin said he called an …

POSTED JANUARY 18, 2019 5:14 PM
Ohio Hospital: Doc Gave Excessive Pain Meds to Near-Death Patients, Suit Filed
An intensive care doctor ordered “significantly excessive and potentially fatal” doses of pain medicine for at least 27 near-death patients in the past few years after families asked that lifesaving measures be stopped, an Ohio hospital system announced after being …

POSTED JANUARY 18, 2019 5:10 PM
California OK’s Pot Deliveries into Communities that Ban Sales
California has endorsed a rule that will allow home marijuana deliveries statewide, even into communities that have banned commercial pot sales. The regulation by the state Bureau of Cannabis Control was opposed by police chiefs and other critics who predict …

POSTED JANUARY 18, 2019 4:40 PM
California Insurance Commissioner Names Executive Team
California Insurance Commissioner Ricardo Lara announced new members of his executive team, including the first Latina chief deputy in the history of the California Department of Insurance. The new executive team members join an existing leadership team. “I am proud …

POSTED JANUARY 18, 2019 4:34 PM
PG&E Says It Won’t Commit to Paying Settlements With 2015 California Fire Victims
PG&E Corp. is so cash-starved that it won’t commit to paying settlements reached with people who lost their homes in a 2015 wildfire caused by a tree falling on a power line. The disclosure by a lawyer for the utility …

POSTED JANUARY 18, 2019 4:22 PM - Markets

The China Game
The US and China are floating trial balloons ahead of a scheduled trade meeting in Washington at the end of the month. There was a US leak that tariffs on Chinese stuff coming to the US might be taken off, and a Chinese leak the next day about $1 trillion in buying of US goods in order to bring the [...]

POSTED JANUARY 18, 2019 10:01 PM
Scheve: Answering Reader Questions - Fear Of Missing Out And Margin Calls

POSTED JANUARY 14, 2019 12:37 PM
The Song is the Same
We’ll use that as an illustration for our markets this week. The budget shutdown had the same status all week, which means we were missing USDA reports all week. However, as I have pointed out in the US/China trade dispute discussions, the supply and demand for the globe don’t leave the globe. The [...]

POSTED JANUARY 11, 2019 9:18 PM
New Day Dawning
We have a new calendar year, and potentially a new set of market behaviors! Keep in mind that commodities are somewhat inversely related to equities. History says they will outperform equities if equities are sliding. If the stock market isn’t doing so well, investment funds will tend to steer more [...]

POSTED JANUARY 04, 2019 9:33 PM
Scheve: The Dreaded Margin Call And Why I Do Not Fear It

POSTED JANUARY 01, 2019 12:56 AM
New Year and New Challenges
The ag markets are getting yet another reminder about what happens when free-to-all USDA data is not available to the general public. With no USDA daily reporting system for export sales and no weekly Export Sales report, the public traders have to rely on the foreign buyers to confirm purchases. Th [...]

POSTED DECEMBER 28, 2018 9:36 PM
Scheve: How I Collected 29 Cents Of Premium On 10% Of My 2018 Corn Production

POSTED DECEMBER 24, 2018 2:33 PM
Shutting Down
There is a certain amount of shut down activity in commodity markets in late December every year. Fund managers are taking extended holiday vacation time, or squaring the books and adjusting holdings. There are two half days and one holiday between now and December 31, reducing liquidity. This year, [...]

POSTED DECEMBER 21, 2018 10:07 PM
Scheve: The Pros And Cons Of Selling Straddles

POSTED DECEMBER 17, 2018 8:07 PM
Chinese Christmas
Here in the US, Christmas is December 25 and New Year’s Day is one week later. Chinese New Year moves around the calendar like Easter does. In 2017 it was January 28, while in 2018 it was February 16. For 2019 it will fall earlier, on February 5. It looks to me like with their New Year moving up ma [...]

POSTED DECEMBER 14, 2018 10:32 PM

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