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COTO Insurance & Financial Services Blog
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In 2019, health care spending in the U.S. rose by 4.6%, for a total of $3.8 trillion. In fact, health care spending accounted for more than 17% of the economy. Spending accelerated in hospital care, physician and clinical services, and prescription drugs (which represented 61% of total national health spending).1…
The current tab for student loan debt in the United States is $1.6 trillion. Most individuals don’t owe the federal government huge sums of money: 14 million borrowers owe $10,000 or less, while less than 3.5 million borrowers owe $200,000 or more. Many of those students in the latter group…
In February, Spirit Airlines decided to transfer a portion of its operations from Miramar, Florida to Nashville, Tennessee. The key driver of this decision was recurring hurricane and tropical storm risk. This means a loss of 240 jobs for the Panhandle area. By mid-September of the 2020 hurricane season, mainland…
Small businesses tend to have certain traits that may offer an advantage over large companies. For example, these traits may include the flexibility to try out new ideas, staff up or down quickly, and adapt nimbly to a changing market. There may also be the indomitable spirit, determination, confidence and…