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Tyler Perry slams ‘appalling’ insurance companies for canceling policies amid LA fires: ‘Pure greed’ - nypost.com - county Pacific - Los Angeles - state California - city Los Angeles - county Tyler - county Perry
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Tyler Perry slams ‘appalling’ insurance companies for canceling policies amid LA fires: ‘Pure greed’
deadly Los Angeles wildfires.“Watching a daughter use a garden hose to try and protect her 90-year-old parents’ home because their insurance was canceled was just gut-wrenching to me,” the filmmaker, 55, wrote in a statement via Instagram on Sunday.Perry continued, “Does anyone else find it appalling that insurance companies can take billions of dollars out of communities for years and then, all of a sudden, be allowed to cancel millions of policies for the very people they became rich on?”“People who have paid premiums all of their lives are left with nothing because of pure greed,” he added.Perry concluded his message by writing, “As I am in the process of trying to figure out what steps to take to do all I can to help as many as I can, I am keeping everyone in my prayers.”Thousands of people in the Los Angeles area have lost their homes due to the devastating wildfires.According to the LA Times, State Farm General announced in March 2024 that it would not renew 30,000 homeowner and condominium policies — including 1,262 in Pacific Palisades, the area hit hardest by the fires.Chubb Insurance reportedly stopped writing policies for high-value homes with higher wildfire risk in 2021.Allstate, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co.
Sri Lanka will remain a middle-income country despite GDP decline: IMF Asia & Pacific Dep. Director - newsfirst.lk - Sri Lanka - county Pacific
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Sri Lanka will remain a middle-income country despite GDP decline: IMF Asia & Pacific Dep. Director
COLOMBO (News 1st) – The Deputy Director of the Asia and Pacific Department of the International Monetary Fund, Anne-Marie Gulde-Wolf has said that Sri Lanka will remain a middle-income country despite the decline in GDP.Speaking at an IMF press conference on the Asia and Pacific Region’s Economic Outlook, the Deputy Director of the Asia and Pacific Department of the IMF responded to questions raised about Sri Lanka's progress toward debt restructuring negotiation, the IMF's program timeline, and whether Sri Lanka could be downgraded to low-income status.She pointed out that it is difficult to predict a timeline because the process of debt negotiations takes time, and mentioned that timelines differ depending on who the creditors are and what is involved. "We certainly are supporting the process as much as we can. And we hope that everybody can work expeditiously to get a process underway, and discussions have started, including with support of all bilateral creditors that are involved," she said. Anne-Marie Gulde-Wolf further speaking noted that with regard to the other multilateral lenders, the IMF is working very closely with the World Bank, the Asian Development Bank, the Asian Investment Bank, on programs for Sri Lanka, which would assist in closing the financing gap. "But I want to say also very importantly that the policies under the other multilateral lenders in their areas of expertise will be important to resolve Sri Lanka's longer term growth problems," Anne-Marie Gulde-Wolf emphasized.
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