With six weeks left in this hurricane season, the Small Business Administration's disaster loan program is already out of money. And more tropical storms are swirling over the Atlantic. Who pays for all of this? Congress canceled $16 billion in NFIP debt in 2017; since then, the program has borrowed billions more from taxpayers.
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With six weeks left in this hurricane season, the Small Business Administration's disaster loan program is already out of money. It's funded by the premiums collected from policyholders but borrows from the U.S. Treasury when claims it's obligated to pay outpace revenue, as is often the case. Congress canceled $16 billion in NFIP debt in 2017; since then, the…
The Pennsylvania Insurance Department today announced its support for the Biden-Harris Administration's proposed rule that would require most health insurers to cover over-the-counter contraceptives without cost-sharing or a prescription. This new federal proposal comes after Governor Josh Shapiro, in conjunction with governors from five other…
Porch Group, Inc., a homeowners insurance and vertical software platform, today announced the Texas Department of Insurance has approved its application to form and license Porch Insurance Reciprocal Exchange, a new homeowners insurance reciprocal exchange. A reciprocal insurer is owned by its policyholders, much like how Farmers Insurance and Erie…
The Johnstown Chapter of National Active and Retired Federal Employees will host a health insurance benefits informational meeting for current or retired federal employees or annuitants at 11:30 a.m. Nov. 20 at Hoss’ s Steak& Sea House, 441 Theatre Drive, Richland Township. Representatives from Highmark Blue Cross, UPMC and Aetna will be available to answer…
Experts worry older patients could be exposed to' catastrophic' costs and interrupted access to care. HUNTSVILLE, Ala.— Libby and Andrew Potter usually ignore the avalanche of Medicare Advantage ads that land in the mailbox at their home in Huntsville, Alabama, each fall as Medicare's open enrollment period begins. Libby, a retired middle school librarian, has…
When Pam McClure learned she'd save nearly $4,000 on her prescription drugs next year, she said, "it sounded too good to be true." McClure, 70, is one of about 3.2 million people with Medicare prescription drug insurance whose out-of-pocket medication costs will be capped at $2,000 in 2025 because of the Biden administration's 2022 Inflation Reduction Act,…
According to the Federal Deposit Insurance Corporation, Missouri has over 250 banks, not including the branches, and the city of St. Louis has a dozen. In the St. Louis region, the largest banks, based on local deposits as of 2023, include U.S. Bank, Stifel Bank& Trust, Bank of America and Commerce Bank. The Federal Reserve Bank of St. Louis, represents all of Arkansas and…
Oct. 26—{ p dir= "ltr"}{ span} More than 500 Granite Staters who are retired or close to it came to the Silver Linings Expo at Manchester Community College on Saturday looking for information and answers to problems that plague people in their 60 s, 70 s and beyond.{/ span}. {p dir= "ltr"}{ span} "If I can help just one family to understand how important long-term care planning is," said…
The GBP/USD remains within mid-term lows as nervous sentiment has taken hold of global Forex and financial institutions brace for the likelihood of more volatility in the days ahead. The U.S election is in a little more than a week. And oh, yes, the U.S Federal Reserve will conduct its FOMC Meeting next week and announce its interest rate decision on the 7th of…
Kentucky's largest provider of drug and alcohol treatment is cutting staff and restructuring some services, citing significant cuts in Medicaid reimbursement from the government health plan that covers almost all of its clients. Addiction Recovery Care, or ARC, based in Louisa, said in a statement that, as a result of cuts in payment for addiction and mental…
The health insurance marketplace in Oklahoma is set to open for the 2025 coverage year on Nov. 1. •„Starting Nov. 1: You can explore the various health insurance options available through the marketplace in Oklahoma. —Blue Cross Blue Shield of Oklahoma, Medica Insurance Co., Oscar Health, UnitedHealthcare, CommunityCare Oklahoma, Ambetter of Oklahoma and Taro…
With five weeks left in this hurricane season, the Small Business Administration's disaster loan program is already out of money. And more tropical storms are swirling over the Atlantic. Who pays for all of this? Congress canceled $16 billion in NFIP debt in 2017; since then, the program has borrowed billions more from taxpayers.
Political/civic involvement: Insurance commissioner since 2017, National Association of Insurance Commissioners, National Conference of Insurance Legislators, State Employees Association of NC, Keep NC Beautiful, Guilford County Agricultural Advisory Board, Guilford County Environmental Review Board, Lions Club, Kiwanis Club, Ruritan Club, Masonic…
Enrolling in health and dental insurance coverage is a yearly endeavor many across Connecticut and the country face to financially protect themselves in case of a medical emergency. In Connecticut, Deferred Action for Childhood Arrivals recipients will be able to enroll through Access Health CT starting Nov. 1st. Centers for Medicare& Medicaid Services…
At its most recent meeting, the Pomona City Council amended current street vendor rules and implemented additional regulations. Under the new guidelines, street vendors must have the following to sell food or merchandise in Pomona: a city business license; sidewalk vending permit for vending equipment such as push carts or wagons; liability insurance; a Los…
Last week, retail sales data confirmed that the financial condition of most households may have somewhat stabilized. Strong wage growth and a sharp decline in energy prices are supporting household consumption. The Federal Reserve Bank of Atlanta's GDPNow estimate for real GDP growth in the third quarter of 2024 increased to 3.4% last week, up from 3.2% the…
Oct. 26— A new health care plan announced by Mower County last week not only represents a substantial cost savings for county employees and taxpayers, but also represents a growing shift to a more transparent form of health insurance options. Last week, it was announced that the Mower County Board of Commissioners approved of the new employee health plan through…
Starting Nov. 1, a new state-based exchange— Georgia Access— will replace healthcare.gov as Georgia becomes the 20th state to trade in the federal exchange for a state-specific model. The state-based exchange will give the Georgia insurance department more flexibility to pursue innovative solutions, John King, the agency's commissioner, said at the time.
