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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 21, 2002
Page
32
Identity theft and unpaid medical bills can damage credit. Learn how FICO scores are calculated by Experian Equifax and TransUnion and why lenders use the middle score. Check your report and obtain a free copy if credit was denied.
Retail money market assets gain 6.59 billion to 1.056 trillion while tax-exempt funds drop 258.3 million to 190.69 billion. Institutional funds rise 2.51 billion to 1.227 trillion. taxable institutional assets up 3.20 billion to 1.148 trillion. Total money market assets reach 2.28 trillion.
The piece notes broad insurance cost increases for homeowners auto health and business lines with double and triple digit rises and an expected 18 to 24 month trend. It cites Al Parsons of the Insurance Federation of Minnesota and Dean Klinkhammer of St. Paul describing higher premiums and the impact on individuals and small businesses.
Insurers cite 9 11 losses and terrorism fears as drivers of 30 percent average commercial rate increases with higher costs for trucking construction aviation and liability coverage. Experts warn public accountability is needed to avoid consumer burdens while firms like Toro raise deductibles and workers compensation costs rise up to 45 percent in some states.
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