Debbie Vigil didn’ t plan to retire in 2023.. Born and raised in Santa Fe, Vigil started practicing as an independent OB-GYN in the city in 1989, out of a desire to serve her home state. But Vigil said her choice to practice in New Mexico came at a cost, specifically the high cost of medical malpractice insurance in the state, which regularly runs OB-GYNs like Vigil more…
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Gilsbar, a leading business insurance solutions and benefit management services provider, announces its acquisition of Resolution Reinsurance Intermediaries, LLC. It is a strategic move by Gilsbar to expand its portfolio amongst affinity groups in key states within its target market portfolio. COVINGTON, La., Feb. 10, 2025/ PRNewswire-PRWeb/– Gilsbar, a…
Hexure, a leading provider of sales and regulatory automation solutions for the life and annuity industry, announced Axonic Insurance Services has implemented FireLight e-application to launch its new annuity product and expand its reach in the insurance market. Michael Gordon, Chief Executive Officer of Axonic Insurance Services, quoted,“ FireLight is a…
This positive dynamic has been achieved mainly thanks to the French company’s approach to the country’s government, implementing health coverage for employees of the Ministry of Ecological and Energy Transition, as well as for the Prime Minister and the National Assembly. In addition to France, the company is present in other countries such as Belgium,…
“Insurers Discover Value in Innovation Culture” provides insight from several industry leaders on how innovation is now seen as necessary to a company’ s survival.“ Innovation Hubs Attract Interest, Support From Insurance Companies” looks at several initiatives to foster insurtech startups, spur new product development and enhance data and digital…
BOSTON— Massachusetts taxpayers who lack health insurance will be digging a little deeper into their pockets in the next tax year, with the state increasing penalties for the uninsured. An individual filer with income between $22,590 and $30,120, or 150% to 200% of the federal poverty level, who doesn’ t have qualifying health coverage during the 2025 tax year,…
Shares of Loews Corporation (NYSE: L) traded at a new 52-week high today and are currently trading at $85.41. So far today, approximately 425.24k shares have been exchanged, as compared to an average 30-day volume of 549.34k shares. Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers […]
EPIC Insurance Brokers& Consultants has acquired Chartwell Insurance Services, a Chicago- based firm specializing in personal property and liability solutions for successful individuals and families. This acquisition furthers the expansion of EPIC’ s private client practice, enhancing its ability to deliver specialized solutions nationwide while…
InsuranceNewsNet (INN) and Salt Financial have partnered to provide insurance and financial professionals with innovative tools and resources. This collaboration combines INN’s educational platform with Salt's expertise in index design and risk management, offering insights on volatility-controlled indices and annuity market strategies. The goal is to equip financial professionals with cutting-edge solutions to enhance their practices and product awareness.
U.S. President Donald Trump said that Elon Musk will help uncover "hundreds of billions of dollars of fraud" against government agencies. Elon Musk, as part of his first actions to meet the objectives assigned to him, has deployed several teams to evaluate agency spending and find ways to reduce it, the first on the list are the United States Agency for…
Nineteen Democratic attorneys general sued President Donald Trump on Friday to stop Elon MuskÇ ® s Department of Government Efficiency from accessing Treasury Department records that contain sensitive personal data such as Social Security and bank account numbers for millions of Americans. The payment system handles tax refunds, Social Security…
Douglas M. Worman, President and Chief Executive Officer:. Before we discuss our results for the quarter, on behalf of all our employees, I want to take a moment to express our deepest sympathies to the victims of the tragic wildfires in California. Net investment income was $644 million, up $33 million over the prior year quarter, with strong performance in our fixed…
Q4 2024 NET INCOME OF $0.07 PER SHARE AND CORE INCOME OF $1.25 PER SHARE. Net income of $21 million, includes $290 million after-tax loss from the previously announced pension settlement transaction, versus $367 million in the prior year quarter; core income of $342 million versus $362 million in the prior year quarter. P&C core income of $451 million versus $434…
As inflation drifts closer to a normal range by historical economic measures, investors are closely watching the Federal Reserve to gauge its future plans for lowering interest rates. The Fed– and its changes to monetary policy– has a direct impact on the markets and economy, which may have you wondering what lower rates could mean for your wallet.
Perhaps the strangest consumerism story of 2024 was the attempt by health insurance provider Anthem to link its coverage of anesthesia in a surgery with the amount of time the patient is rendered unconscious. I can imagine how Anthem' s desired change might have played out. Anthem, also known as Blue Cross/ Blue Shield, announced at the start of November that it…
DEPARTMENT OF HOMELAND SECURITY FEDERAL EMERGENCY MANAGEMENT AGENCY Proposed Flood Hazard Determinations for Freestone County, Texas and Incorporated Areas The Department of Homeland Security’ s Federal Emergency Management Agency has issued a preliminary Flood Insurance Rate Map, and where applicable, Flood Insurance Study report, reflecting…
The Labor Department issues its latest report on inflation at the consumer level Wednesday. That has raised warning flags for the Federal Reserve, which cut interest rates three times in 2024, but has signaled that it will proceed cautiously in 2025.. The Commerce Department releases its monthly snapshot of U.S. retail sales Friday.
Texas faces a dual challenge when it comes to delivering healthcare. Some members of Congress want to limit tax-free benefits and slap a federal tax on employer-sponsored insurance premiums above government-defined thresholds. Levying a tax on the insurance premiums of hard-working Texans could lead to families earning $100,000 per year facing an…
Henry Kaiser, a WW2 industrialist from California, often spoke similar inspiring words as he rose to develop Kaiser Permanence, the largest managed health system in the U.S.. U.S. health care has grown into big business but it raises serious questions that demand answers. According to recent Indiana Capital Chronicle reports, Indiana’ s health care may need…
