Buffalo Sabres home arena to remain KeyBank Center after reaching 10-year naming rights extension
The new deal will kick in next year and run through 2035-36. The Cleveland-based bank has a large regional presence in Buffalo, and took over the downtown arena's naming rights after acquiring First Niagara Bank in 2016. As part of the extension, the bank's name will be featured on the Sabres' helmets for away games starting this season.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 minutes ago
- Yahoo
7 things I learned after my house fire, according to an insurance expert
When disaster strikes, a little inside information can make a big difference. The sweet scent of cinnamon rolls baking in the oven, a steaming cup of coffee in hand, and holiday carols softly playing in the background is how Christmas mornings usually look in my household. But last year, our quiet Christmas morning quickly turned into chaos with smoke hanging in the air, sirens blaring, and dozens of firefighters racing from room to room. As an insurance writer, I've spent the past decade covering the ins and outs of homeowners insurance, helping consumers understand their policies so they can make more informed decisions about protecting their homes. I'm well-versed in the steps to take when filing a claim, coverage details, and the questions to ask. But when disaster came knocking at my door, it hit completely differently. While I expected challenges along the way, the claim and restoration process brought more curveballs than I could have ever imagined. To help you avoid some of the stress, delays, and unexpected costs I faced, here's what I learned from my house fire insurance claim. This embedded content is not available in your region. Learn more: Homeowners insurance: What it covers and how much you'll pay No. 1: Trust your gut I've always lived by the motto, 'It's better to be safe than sorry.' So when I caught a faint smell of smoke in my bathroom, I knew something was off. My husband wanted to let it go because there was no visible smoke or fire, but I went with my gut and called 911. Within minutes, six local fire departments arrived at my home with axes, pick poles, and hoses in hand. It only took a few minutes to locate the source of the fire before they started ripping down my walls, ceiling, and even my beloved shower tile. Once the demolition began, I contacted my insurance agent and started the claim process. Learn more: How much homeowners insurance do I need? No. 2: Check your lightbulbs To my surprise, they identified the cause as a small can light above my linen closet. Over the years, the wiring had become brittle, whether due to incorrect wattage, faulty wiring, or a defective bulb, and eventually began sparking and spreading into the insulation. Learn more: How can a lightbulb start a fire? After the fire was extinguished and everyone was out of harm's way, the fire captain explained that if I had waited even an hour or two to call, the fire would have engulfed my entire home. Trusting my instincts saved our home and our pup from what could have been complete devastation. Every year, the Electrical Safety Foundation International (ESFI) estimates that 51,000 home fires result from electrical issues, causing around $1.3 billion in property damage. So if you have even the slightest gut feeling something isn't right, make the call, even if you're second-guessing yourself. Up Next Up Next No. 3: Document and save everything, if you can The fire department managed to save most of the debris, including the charred wood above the cabinet, but somehow the actual light fixture got tossed out. Even though this doesn't sound like a big deal, it was. If we had saved the light, or even just a piece, it could have helped the engineer who inspected my home pinpoint exactly why it caught fire. That could have helped us spot any other electrical problems in the house and prevent another fire. Because the light was lost in the shuffle, I hired my electrician to inspect most of the electrical work throughout my house and replace every canned light with LEDs. Home insurance policies usually only cover costs they consider 'necessary for the covered repairs,' and what's considered 'necessary' is typically up to your insurer's interpretation. Therefore, if they decide something isn't essential, they may not cover it. This means you'll be left picking up the tab for extra inspections or repair work. That's why, if the cause of your fire is unknown, do your best to save (and document) everything that may be relevant to solving the mystery. This could include lightbulbs, wiring, or other items that could serve as evidence and even help provide more support for your claim. Learn more: How much is homeowners insurance? A guide to lowering costs. No. 4: Have a reputable repair crew on speed dial When the unexpected happens, the last thing you want is to scramble for help while you're still in shock. Fortunately, my insurance agent referred me to a reputable restoration company, and I already had a list of trusted professionals to contact for repairs. After working with him for two decades, I trusted his recommendations. That said, even if your insurer gives you referrals, you're not required to use them, and in some cases, their recommendations may not be the best fit for your situation. If you don't have these contacts handy, you may find yourself wondering who to trust. In moments of crisis, it's easy for pushy companies, or even outright scammers, to take advantage of panicked and uninformed policyholders. Learn more: What does homeowners insurance not cover? So, before you need them, make a list of trusted professionals. Ask friends and family for recommendations, and check reviews to find reputable options such as contractors, painters, and plumbers. For me, having this list ready was worth its weight in gold, especially when the pressure was on. In addition to cleanup services, restoration companies may offer contracting services, which can act as a one-stop shop for repairs. While this sounds appealing and convenient, their contractors may not have the expertise to help with your project. That's why it's important to vet any contractor thoroughly, whether you find them yourself or through your insurance or restoration company. No. 5: 'Preferred' doesn't always mean the best Some vendors, especially those recommended by your insurer, may assure you they'll handle everything directly with your insurance company, including settling the final payment. While these 'preferred' vendors usually have a direct line of communication with your insurer, that doesn't mean you should step back completely. In fact, some preferred contractors rely on insurance companies for work, so they may prioritize keeping that relationship intact over giving you the best advice. In my case, the restoration company did communicate with my adjuster, but when it came time for payment, the logistics still ended up on my plate. In other cases, homeowners have faced blank contracts that lock them into unfavorable terms, hidden waivers that remove the contractor's liability for damage, or payment arrangements where the contractor gets paid directly, leaving the homeowner without visibility into costs. That's why it's worth vetting every contractor, whether they come from your insurer's list or your own research, and keeping the lines of communication open from the start. No. 6: Don't let repairs run on autopilot Just because you've picked a reputable contractor doesn't mean it's time to kick back and watch the magic happen. While you'd hope every professional treats your home with the same care you do, the reality is, to them, it might just be another job. Staying hands-on, especially with the construction details, can help you avoid costly mistakes and unnecessary headaches. Unfortunately, I had to learn this the hard way: Paint spilled all over my hardwood floors, my marble countertop chipped, the shower door shattered from a bad installation, and I had to scramble at the last minute to find floor tile I was told didn't need replacing. Acting as your own project manager is crucial to make sure the work is done right the first time and up to your standards. So, don't be afraid to check progress regularly, ask questions, and confirm details — even if you've been assured they know what to do. This is your home, and the work should meet your expectations from the start. Learn more: The important difference between actual cash value and replacement cost No. 7: Set realistic expectations on timing Even a minor fire claim can take far more time and energy than you expect. When my contractor first walked through the damage, he estimated we'd have everything wrapped up in a month or two. Eight months later, we were still putting the finishing touches on repairs and trying to get life back to normal. The delays weren't always dramatic, but they added up over time, from discontinued tile to backordered floor stain to installation mistakes and crew vacations. And between those setbacks were the constant interruptions: contractors coming and going, noise, dust, and the mental load of making decisions about colors, materials, and layouts while juggling work and life. On top of that, the time away from work to meet contractors, oversee repairs, or handle claim details can cut into your paycheck, especially if you're self-employed or don't have paid leave. But here's something to keep in mind: Restoration takes patience and organization. So, prepare for delays and do your best to stay on top of all the moving parts. That way, the process hopefully feels more manageable and less overwhelming. What my home insurance policy didn't teach me Having a solid homeowners insurance policy in place is only half the battle when it comes to filing a fire claim. The rest comes down to trusting your gut, documenting everything, choosing suitable professionals for the job, and staying hands-on every step of the way. It's a roller coaster of an experience, so staying patient through delays, mistakes, and endless decisions can help you keep your peace of mind intact. While you won't find this advice hidden in your homeowners insurance policy's fine print, it can make a world of difference when living through a house fire insurance claim. Tim Manni edited this article.
Yahoo
6 minutes ago
- Yahoo
Fed to scrap program devoted to policing banks on crypto, fintech activities
WASHINGTON (Reuters) -The Federal Reserve announced on Friday it was scrapping a so-called "novel activities" supervision program it created to specifically police banks on their crypto and fintech activities, and instead will integrate that work into its regular bank oversight. The Fed launched the new program in 2023 as a way to focus on how banks interact with those emerging technologies. But the central bank said it was no longer needed as the Fed has strengthened its understanding of those risks and how banksmanage them.
Yahoo
6 minutes ago
- Yahoo
Walmart & Target earning to offer look at consumer health
Investors will get insight into the health of the economy and the state of the consumer with earnings from retail giants like Walmart (WMT) and Target (TGT). Nomura's chief economist, David Seif, and Yahoo Finance Senior Reporter Allie Canal outline what investors need to know. To watch more expert insights and analysis on the latest market action, check out more Opening Bid. Consumer Price Index. People got excited by rate cuts. You got the PPI out. Uh, that was a little hot retail sales this morning. Uh, the prior month, June, was revised up. July was okay. Like, what the hell is going on out there? I thought this economic data was supposed to get hit because of tariffs. Well, you know, you know, you're certainly not seeing that. And and and, uh, it it had been our view that that we we we could easily see that this month. I think it was the view of a lot of people, but, um, when you look at the inflation data, yes, it was a little bit hot, but it was certainly not hot due to tariffs. Um, and so, when we look back at the past several months, sort of, uh, ex-tariffs, um, notwithstanding this month, it actually has been, um, a a slowing of, uh, inflation. You can put the the the year-over-year change up there, but but you know, if you look just at back at sort of where is sort of the rolling three-month average of inflation gone. So so zeroing in on more recent history, um, things had been coming down for a while and only backtracked a little bit this month. Uh, this, you know, for the data that came out this week. And then when we, you know, when we dig into it, the things that caused inflation were really not the things that, uh, that the Fed has said it was worried about, meaning it really wasn't stuff that was related to, uh, to tariffs. Um, so, when when that's all put together, uh, we don't think that the inflation data was hot enough for the Fed to deviate from its, uh, from its SEP, which had, uh, or its summary a dot plot so to speak, which is, uh, for a cut in, uh, in September, and then another one in December. And then, you know, today we looked at the retail sales data, and you can see that the consumer is still pretty strong. Um, I think a lot of the reason the consumer is still doing so well relatively speaking is that, um, even if there's been some weakening of the labor market, some loss of momentum, you're still really not seeing people being fired. Um, you're not seeing companies lay off. You're seeing companies hire less people, fewer people, but not really lay anyone off. And it's when people are getting laid off that they tend to rapidly slash their spending. Um, with that really not being what's going on right now, it it it leads the consumer to still be pretty healthy and still probably willing to continue to spend at a at at least a decently robust pace. David, economists love to characterize economies and letters: Ws, Us, uh, Zs, As, whatever it is. What what type of economy does this look like to you? You you know, it looks sort of like a hyphen. So, I'm gonna I'm gonna I haven't heard that one before. I've been doing this for 20 years. I've never heard that one before. That's pretty good. Well, you know, the economy is losing a little bit of momentum. Um, it's slowing. That was something that was happening already when when, uh, Trump became president this time. And it's really just on the back of the the fading of the, you know, massive stimulus post Covid. So, that's all gone now. We revert a little bit down to to to trend and probably revert a little bit below trend because there is still some impact of the tariffs. But what this isn't, and this is what I really think is is most important. This is not a collapse. We don't see a recession or anytime soon. We don't see a spike in the unemployment rate that would be characteristic of a of a deeper slowdown. So, we're sort of muddling along. Uh, certainly doesn't look fantastic right now with the slowdown in, uh, in, uh, job creation, but it looks far from terrible. Ali, last word to you here. Uh, big week coming up for earnings: Walmart, Target, uh, and even Home Depot. It's these names that are going to put this thesis of, yeah, we need a rate cut or we might get one, I think to the test. If these, uh, results come out like garbage and we don't get strong outlooks, none of that's going to be good. Right, and we've been talking about the state of the consumer, and that really is what all this hinges on. As long as consumers keep spending, if the economy can keep chugging along, that's a good thing. And that really whips back around to the labor side of the equation. We were just talking about how we're not seeing many layoffs at this point, and that's really why we've seen this economy sustain itself at this point. But the results that we get next week, Walmart, obviously, a big bellwether when we think about the consumer, and it's not just the results. It's really the commentary on the earnings call. You really have to take all this data and aggregate, not just the eco data, also the earnings commentary, the results. That's really going to give you the best picture of the economy, and when it comes to the consumer, these are the companies that you want to be hearing from. So, big earnings week to really round out what's been a pretty chaotic summer, yet we still have stocks at record highs. Related Videos Standard Chartered, Joby, Target downgrade: Trending Tickers Salesforce gets an upgrade at DA Davidson Buffett's Berkshire Hathaway sold Apple shares. Should you? Applied Materials, Buffett's Lennar & DR Horton stake, Nubank Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
