Threaten to cancel your internet today (7 24 25)

Author

Sally McDonald
July 24, 2025

💵 Today’s Top Stories
Internet

Internet providers, long known for terrible customer service, are finally facing some real competition, Clark says. Your price can go way up or way down depending on how proactive you are. Read more.

BBB

The BBB is a popular avenue for consumers who have been wronged to warn others or get recourse. But can a company’s BBB rating be trusted, in Clark’s opinion? Read more.

Tax free

If you’re looking for deals on clothes, school supplies and more, you can get them tax-free in these states in July and August. Here’s how it works and which states participate. Read more.

Pay with credit card

Grocery credit card rewards are tricky. You may not get rewards unless you’re careful. Avoid a major rewards letdown by following our guide on the best credit cards in the category. Read more.

🏠️ Expect Even More Insurance Price Pain

The insurance industry’s incessant price hikes, particularly for home and auto insurance, have sliced at our financial armor, especially since the onset of COVID-19.

Supply chain disruptions and wonkiness related to the pandemic accounted for some of the inflation-driven hikes. But there’s a longer-term, uglier trend that Clark sometimes mentions.

Actuaries, paid to estimate future risk, have not managed to accurately project the outer bounds of liability for insurance companies. That’s particularly true for health insurance as we live longer over time – and especially for natural disasters.

Global insured losses reached $84 billion, the highest half-year mark since 2011.

“Violent storms in the U.S. with damaging wind, lightning and hail are driving losses for insurers of more than $30 billion … these storms make up 39% of the insured losses globally in the first half of 2025,” CNBC reported.

Eleven different U.S. storms created insurance losses (not claims totals, but balance sheet losses) of at least $1 billion.

A four-day span in March produced 118 tornadoes across 15 states and an estimated $7.7 billion in losses, the fourth-costliest convective storm event in recorded history.

The Palisades and Eaton wildfires in Southern California in January equated to $40 billion in insured losses. That’s the costliest wildfire event for insurance companies ever.

📊 Stat of the Day

💸 26: Consecutive months that wages have grown faster than inflation. That follows 25 consecutive months of negative real wage growth, so it’s a welcome trend.

💰️ Deal Alert: Today’s Top Deals
Bedding set
Sam's Club
🎙️ Podcast

For years, internet providers have had us over a barrel, but not anymore! Clark reveals how fierce competition is driving down prices and giving you the power to save big on your home internet. Also, in a shocking turn of events, find out why Clark is saying it might finally be safe to do business with Wells Fargo again after years of calling them a "criminal enterprise."

☎️ Need Money Help?

The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.

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