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St. Paul-based Securian Financial lays off 58 employees across departments

October 31, 2024 Newswires No comments.

Not including subsidiaries, the life insurance and financial services company maintains about 2,721 employees companywide, with 2,371 of them based in downtown St. Paul as of September. The 58 impacted employees represent a broad cross section of the company, which has offices throughout the U.S. and Canada, and are not all in St. Paul, said Jeff Bakken, a company…

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County Saves On Health Insurance

October 31, 2024

County Clerk Sue Wolk updated the county commissioners on the issue during last Thursday's commission meeting. United raised its rates by 15%, prompting Wolk to request a quote from Aetna. In the past, United had provided everything but vision and dental, which Aetna provided.

County Is Able To Save Money On Employee Health Insurance

October 31, 2024

County Clerk Sue Wolk updated the county commissioners on the issue during last Thursday's commission meeting. United raised its rates by 15%, prompting Wolk to request a quote from Aetna. In the past, United had provided everything but vision and dental, which Aetna provided.

U.S. economic growth confirmed as weaker than expected just days before election

October 31, 2024

The U.S. economy grew at a rate of 2.8% in the third quarter of 2024, according to Bureau of Economic Analysis statistics released Wednesday. The U.S. Federal Reserve announced on Sept. 18 that it was cutting its federal funds rate target range by 0.50% in an attempt to boost economic growth and GDP. The unemployment rate dropped to 4.1% in September, and the U.S….

3Q24 Earnings Presentation

October 31, 2024

Reinsurance Group of America, Incorporated discloses certain financial measures that are not determined in accordance with U.S. GAAP. The Company principally uses such non-GAAP financial measures in evaluating performance because the Company believes that such measures, when reviewed in conjunction with relevant U.S. GAAP measures, present a clearer…

Economist's optimism for economy weakens after 2026

October 31, 2024

During his presentation at Old Barn Restaurant& Grill, 3075 W. Elm St, Morgan spoke about the state of the current economy, unemployment, federal debt and housing during a session Thursday sponsored by Citizens National Bank. Morgan assumes the Federal Reserve will continue to ease monetary policy, wars will not restrict trade, unemployment rates will stay below…

Jobless level recedes last month

October 31, 2024

The High Point jobless level dropped from 5.3% in August to 3.9% in September, the U.S. Bureau of Labor Statistics reported Wednesday. The Federal Reserve Board is expected to cut interest rates another quarter point in the near future as national indicators keep showing inflation nearing the Fed’ s target of 2%, McCully told The High Point Enterprise.

Cigna and Hartford HealthCare announce contract renewal, avert coverage disruption for CT patients

October 31, 2024

Oct. 31— Health insurer Cigna and Hartford HealthCare announced Thursday they agreed on a contract renewal, a deal that means Cigna policyholders will continue to be covered for care received in the HHC system. "Hartford HealthCare and Cigna have reached a multi-year agreement that will ensure that Cigna members continue to have uninterrupted access to HHC's…

UCLA efforts to provide prostate cancer treatment in the community gets $6 million boost: University of California – Los Angeles Health Sciences

October 31, 2024

2024 OCT 31– By a News Reporter-Staff News Editor at Insurance Daily News– The UCLA Urology department has been awarded $6 million from the California Department of Health Care Services to continue providing vital care and critical services to underinsured and uninsured Californians diagnosed with prostate cancer. Mark Litwin, professor of urology at the…

AM Best Affirms Credit Ratings of Aseguradora Agricola Comercial, S.A.

October 31, 2024

AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Aseguradora Agricola Comercial, S.A.. The outlook of these Credit Ratings is stable. ACSA was founded in 1973 and has since been one of the most important insurance companies in El Salvador.

Third Quarter 2024 Press Release

October 31, 2024

Carmel, Ind., October 31, 2024- CNO Financial Group, Inc. today reported net income of. $9.3 million, or $0.09 per diluted share, in 3 Q24 compared to $167.3 million, or $1.46 per diluted share, in 3 Q23. Significant items positively impacted both net income and net operating income by $18.8 million, or $0.17 per diluted share, in 3 Q24 compared to $16.9 million, or $0.14 per…

Thousands in Louisiana drop flood insurance despite more frequent, damaging storms. Why?

October 31, 2024

LAFAYETTE— Corey Rabeaux knows his house is always at risk of flooding. The federal government, which manages the National Flood Insurance Program, joined Lafayette Parish in offering Rabeaux a free home elevation, the main fix the nation has for flood-prone properties. And a new federal plan for setting flood insurance rates had taken effect, raising his…

Myomo Announces First Private Payer Contracts for MyoPro In-network Coverage

October 31, 2024

Myomo, Inc., a wearable medical robotics company that offers increased functionality for those suffering from neurological disorders and upper-limb paralysis, announces it has entered into the first contracts that will allow MyoPro to be provided to patients covered by private insurance on an in-network basis. These new contracts are with Blue Cross Blue…

AM Best to Participate in Webinar Panel Focused on U.S. Title Insurance Industry

October 31, 2024

AM Best will participate in a panel discussion about the U.S. title insurance industry during a Pinnacle Actuarial Resources APEX webinar, scheduled for Tuesday, Nov. 5, 2024. Kourtnie Beckwith, senior financial analyst, AM Best, will provide key insights on the U.S. title insurance industry. Joining Beckwith on the webinar is Art Randolph, principal and…

AM Best Downgrades Credit Ratings of Members of Auto-Owners Insurance Group; Upgrades Issuer Credit Ratings of Members of Capital Insurance Group; Affirms Credit Ratings of Atlantic Casualty Insurance Company and Certain Affiliates and Subsidiaries

October 31, 2024

AM Best has downgraded the Financial Strength Rating to A+ from A++ and the Long-Term Issuer Credit Ratings to“ aa” from“ aa+” of Auto-Owners Insurance Company and its four wholly owned property/casualty companies that comprise Auto-Owners Insurance Group. At the same time, AM Best has upgraded the Long-Term ICRs to“ a+” from“ a” and affirmed the FSR of A of California…

'Obamacare' enrollment opens, as Republicans threaten the health insurance program used by millions

October 31, 2024

The future of‘ Obamacare’ has emerged as a key issue in the closing days of the presidential campaign, with a top GOP leader promising this week to overhaul the program should Republican Donald Trump win the presidency. But significant changes to the program are almost certain if Trump wins the White House and Republicans take control of Congress in Tuesday's…

Average rate on a 30-year mortgage in the US rises for fifth straight week

October 31, 2024

The average rate on a 30- year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August. The rate rose to 6.72% from 6.54% last week, mortgage buyer Freddie Mac said Thursday. That can move the trajectory of the 10- year Treasury yield, which lenders use as a guide to pricing home loans.

How Senate rivals Scott, Mucarsel-Powell differ on Florida’s climate change issues

October 31, 2024

Yet climate issues have yet to take center stage in an election, even in Florida, the state most affected by climate change. Rick Scott, known for his aversion to speak about climate change, to address the issue in an interview with CNN. Colin Polsky, a climate social scientist at Florida Atlantic University, also found that, in a survey conducted shortly before…

S&P 500 Monthly Forecast: November 2024 – 31 October 2024

October 31, 2024

–The S&P 500 has been fairly noisy during the month of October, as we continue to see a lot of buyers, but we also see a lot of questions asked about the idea of interest rate spiking in the bond market despite the fact that the Federal Reserve has cut interest rates by 50 basis points recently.– All things being equal, this is a market that I think continues to see buyers…

Corebridge Financial and Miami-Dade County Public Schools Celebrate 60 Years of Providing Financial Security to Educators

October 31, 2024

Corebridge Financial and Miami-Dade County Public Schools are commemorating one of the earliest implementations of a 403 retirement plan in a public school, dating back to 1964. The Variable Annuity Life Insurance Company, a Corebridge Financial company, issued a 403 plan sixty years ago this month to a teacher at Coral Gables Elementary who enrolled at $25…

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