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U.S. regulators unveiled plans to impose even tighter capital rules on big banks, setting up a battle with the industry over whether the push for financial stability will make the country's lenders less competitive. The measures released Thursday by the Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency would…

Two Omaha men were federally indicted last week for their alleged participation in a check fraud scheme involving nearly $290,000 in forged business checks deposited at financial institutions across Nebraska and elsewhere. Federal prosecutors on Friday unsealed an eight-count indictment against Calvin Carter, 20, and Malik Washington, 26, alleging…

Sherrod Brown, D- Ohio, issued the following news release on July 27, 2023:. Today, U.S. Senators Sherrod Brown, Peter Welch, John Fetterman, Tina Smith, Cory Booker, and Raphael Warnock introduced the Whole Farm Revenue Protection Program Improvement Act of 2023, to ensure that small and mid-sized farms are able to access crop insurance. "By ensuring every farmer can…

Each year, the state’ s Division of Financial Regulation holds public hearings before deciding whether to approve requests from insurance companies to increase rates for two types of plans: small businesses with 50 or fewer employees and individual plans for people who purchase their own coverage rather than through an employer. The average 40- year-old…

The National Conference of Insurance Legislators issued the following news release on July 27, 2023:. The National Council of Insurance Legislators concluded a highly successful 2023 Summer National Meeting from July 19th- 22nd in Minneapolis. "Additionally, we were able to adopt three model laws and advance numerous important issues all while having a near…

Medicare vigilantly protects you, the Medicare beneficiary, from bait and switch tactics and unclear or misleading information about Medicare Advantage, Part D Prescription Drug Plans, and Medicare Supplement Insurance plans. Recently, the Centers for Medicare and Medicaid issued its Final Rule on April 12, 2023. The April 12, 2023 Final Rule increases the…

–The pet insurance market size is estimated to grow by USD 19,852.9 million between 2022 and 2027 accelerating at a CAGR of 31.41% during the forecast period according to a recent market study by Technavio. North America is estimated to contribute 61% to the growth of the global market during the forecast period. North America offers the largest number of pet…

—DUBLIN— Aon PLC on Friday reported second-quarter profit of $560 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.82 per share. Aon shares have risen 12% since the beginning of the year, while the S&P's 500 index has climbed 18%.

The Wisconsin Department of Employee Trust Funds issued the following news on July 27, 2023:. The Group Insurance Board yesterday received an update on preliminary rate setting for the State of Wisconsin Group Health Insurance Program, amid rising health benefit costs. "We're committed to working with health plans to set reasonable rates for Uniform…

This communication contains certain statements related to future results, or states Aon' s intentions, beliefs and expectations or predictions for the future, all of which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and…

–Centene Corporation announced today its financial results for the second quarter ended June 30, 2023. "Our strong second quarter performance demonstrates Centene's ability to deliver excellent financial results in a dynamic healthcare landscape. In July 2023, Centene received a top score of 100% in the 2023 Disability Equality Index, a comprehensive…

A mainland-based insurance provider is pulling out of the Hawaii market, leaving residents in Lava Zones 1 and 2 in a tough spot. "We've been in Hawaii for over a decade, but given that we've had limited traction there, and only insured about 1,000 homes, we made a business decision to pull out of the market," said UPC Chief Strategy Officer Arash Soleimani.

A mainland-based insurance provider is pulling out of the Hawaii market, leaving residents in Lava Zones 1 and 2 in a tough spot. "We've been in Hawaii for over a decade, but given that we've had limited traction there, and only insured about 1,000 homes, we made a business decision to pull out of the market," said UPC Chief Strategy Officer Arash Soleimani.

The U.S. Department of Justice issued the following news release:. A federal jury in the Northern District of Texas convicted the owner of several compounding pharmacies today for paying illegal marketing kickbacks involving TRICARE, a federal program that provides health insurance benefits to active duty and retired service members and their families.

A recently announced lawsuit settlement can help Yakima and other communities address the problem. One question is whether Yakima should combine its settlement money with a larger amount received by Yakima County to provide more funding for a prevention or treatment program. Council members Soneya Lund and Danny Herrera asked City Attorney Sara Watkins…

ADDISON COUNTY— For the first time since 1985, Addison County's official federal flood maps are being updated. This comes toward the end of statewide FEMA flood map reevaluations. Flood maps show how likely it is for an area to flood, which is important in land use planning and in flood insurance programs, according to Middlebury College Assistant Professor of…