Quote: Mar. 30, 2023

“The FBETC continues to believe that repeal is the best solution to protect all family-owned businesses from the estate tax.”
–from a Family Business Estate Tax Coalition letter (of which MBA is a member) supporting legislation in Congress that would repeal the estate tax.

Fitch: U.S. Homeowners Insurers to See Improved 2023 Results on Premium Growth

Fitch Ratings, Chicago, said U.S. homeowners’ insurance is poised to post a statutory underwriting loss for 2022 reported results, as insurers continue to face above-average catastrophe losses and claims cost uncertainty from persistently high inflation and heightened macroeconomic volatility.

March Consumer Confidence Up Despite…Everything

Despite an interesting few weeks that have seen several bank failures, persistent inflation, a stunted housing market and prospects of higher unemployment, consumers apparently felt unfazed, according to The Conference Board, New York.

Annual Home Prices Fall for 7th Consecutive Month

Reports from S&P Down Jones Indices, New York, and the Federal Housing Finance Agency, Washington, D.C., saw home prices fall on an annual basis for the seventh consecutive month.