Here's your local news at a glance for Monday, the 11th of August.
Good morning, West Chester.
Venerable Holdings, Inc. expanded its variable annuity risk management business by starting a new flow reinsurance arrangement and closing a deal with American General Life Insurance Company — a Corebridge Financial subsidiary — effective August 1, which is expected to add about $48 billion in assets and generate roughly $1.25 billion annually. Pending transactions with a Corebridge affiliate and SunAmerica Asset Management will boost its total assets from $67 billion to $118 billion when completed later this year.
Greg Davis, chief investment officer of Malvern-based Vanguard Group, said U.S. stocks peaked and will yield lower returns in the future, so he recommends investors split their funds between domestic and international shares.
He expects domestic stocks to return between 3.8 percent and 5.8 percent yearly over the next decade—while international shares are forecast to return seven percent annually.
Pa. Attorney General Dave Sunday joined a coalition of 50 Attorneys General to launch Operation Robocall Roundup by sending warning letters to 37 voice providers to halt illegal robocalls.
The task force also warned 99 downstream telecom providers & is working with the FCC to enforce compliance and reduce scam calls.
Stephanie Moore opened the Hummingbird Healing Collective in a historic eight-bedroom house in Kimberton yesterday to offer holistic healing and wellness services in Chester County & it provides treatments like shamanic medicine, massage therapy, sound healing, acupuncture, yoga, and meditation after Moore built her career in healing arts at home and abroad. This new space is set to enhance community health with a focus on authentic, shared care.
90’s Rockfest
7:30-11 p.m. — Uptown Knauer Performing Arts Center — Ticket prices vary — Experience the energetic sound of the 90’s with tribute bands for Stone Temple Pilots, Alanis Morissette, and Weezer.
Healthy Kids Running Series Fall 2025
3:30-4:30 p.m. — East Goshen Township Park — Registration fees apply — A community running program promoting fitness for kids from Pre-K to 8th grade.
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