As part of the USDA's Community Wildfire Defense Grant program, Jacksonville and Sarasota were two of 158 communities to receive funding.
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CVS Health is reassessing its Medicare Advantage business and weighing the possibility of exiting certain markets as it looks to get its margins under control.
The Editorial Board's recent headline embodied what I have repeatedly said- neither President Biden nor former president Donald Trump has a plan to address the fast-approaching insolvency of Social Security and Medicare. It's likely Mr. Biden will try to tap the same well- Americans' paychecks- to keep Social Security funded. Neither candidate is willing to…
Homeowners insurance companies are tightening policy terms for weather-related losses nationally, according to a new report from Moody's.Why it matters: Forecasters expect the 2024 Atlantic hurricane season to be particularly active.The big picture: Insurers are pulling back on writing new policies in disaster-prone areas, raising rates and dropping under-performing business "to…
If the last three years have taught us anything, it is that there is no certainty of low inflation. While the United States remains above the 2% target set by the Federal Reserve for price stability, advisors to former President Donald Trump are analyzing a dangerous new monetary policy methodology. If implemented in a second Trump presidency, it would reverse…
May 13— An embattled California prosecutor has filed a civil lawsuit against insurance companies USAA and Progressive Corp. alleging that they have carried out a scheme to defraud customers by making "lowball" offers for vehicles totaled in accidents. Price, who is facing a recall election instigated by critics who view her as soft on crime, wants San Antonio-…
In the meeting in a hallway during the Milken Forum in Los Angeles that led to the photo-op between Javier Milei and Gianni Infantino, there was no talk of sports limited liability companies, although on Monday morning presidential spokesman Manuel Adorni said that the president "will meet to discuss some business models and about the financing scheme that…
Data: RAND; Map: Erin Davis/Axios VisualsPrivate health insurance on average pays hospitals 2.5 times what Medicare does for the same services, with some states seeing relative prices of more than 3 times greater, according to a new RAND report.Why it matters: The wide range of prices can't be explained by differences in quality, report authors said.While it's well established that…
An emerging legal battle over workplace health insurance could empower employees to fight back against high costs and put new pressure on their employers.Why it matters: Workers fed up with rising health care costs, which also eat into their wages, are filing lawsuits aiming to hold employers accountable for cutting what they say are bad deals with firms that manage their health…
Travelers Insurance, one of California's largest home and auto insurers, is set to increase its rates by an average of 15%, the latest in a string of rate increases and policy limitations that major insurers say is caused by wildfire risks, reinsurance costs and inflation. Given the go-ahead by the California Department of Insurance this week, Travelers will…
Travelers Insurance, the state’ s sixth-largest home insurer as of 2022, plans to update rates for roughly 320,320 homeowners, with some seeing hikes of more than 25% on an annual basis, according to filings with the California Department of Insurance. On average, California homeowners pay $1,452 a year for coverage, according to Bankrate.
We are just days away from the first anniversary of the official end of the pandemic federal public health emergency, which ended a year ago Saturday. Two economists at the San Francisco Federal Reserve found that by August of 2021, Americans built up over $2 trillion in savings— above and beyond what they would have saved had there been no pandemic.
Social Security isn't broke, but it's badly broken. Each year, the trustees of the Social Security and Medicare trust funds issue reports on the current and projected financial status of the two programs, which are critical for keeping so many seniors above the poverty line. Social Security is financed by payroll taxes.
An Essex County doctor accused of recruiting Amtrak employees to fraudulently bill their health insurance for unnecessary services and then paying kickbacks to the employees was sentenced to 26 months in prison, U.S. Attorney Philip R. Sellinger announced Tuesday. Muhammad Mirza, 51, of Cedar Grove, previously pleaded guilty to one charge of conspiracy to…
Report says Medicare and Social Security will be insolvent by 2036. Social Security and Medicare will run out of money in just over a decade, a new report warned Monday, putting fresh pressure on Congress to address the nation's financial health as federal debt rises and the population ages. The trustees for the massive retirement programs project that Social…
An insurance company wrongfully relied on isolated evidence, ignored contradictory evidence and failed to comply with the Employee Retirement Income Security Act, or ERISA, when it denied a woman’ s long-term disability benefits, the Eastern District of Virginia has held. Rebecca Wonsang, a physical therapy assistant at Legacy Health Services, stopped…
Once the program's reserves are depleted, it would only be able to cover 89 percent of scheduled benefits, according to the annual report from Social Security and Medicare trustees released Monday. "We are committed to steps that would protect and strengthen these programs that Americans rely on for a secure retirement," Treasury Secretary Janet Yellen said in…
While many of us can breathe knowing that egg prices are also down about $1.50 since last year, inflation is still above the Federal Reserve's two percent target and additional action by the Fed is still possible. New York's economy is the third largest in the country, behind California and Texas. From 2021 to 2022, most counties in the Capital Region and Hudson…
Anthony Silva, 39, was sentenced Thursday in U.S. District Court after pleading guilty to three counts of wire fraud, one count of mail fraud, and one count of aggravated identity theft. In addition to the prison term, Silva was ordered to pay restitution and forfeit funds held at Citizens Bank, Stride Bank, Fidelity, Green Dot, PNC Bank, Bancorp, and TD Bank totaling…
