Kevin Warsh’ s reforms at the Federal Reserve may prove more form than substance. The Fed sets monetary policy through the size of its balance sheet— mostly, its holdings of Treasury and mortgage-backed securities— and by setting the interest rates member banks receive on deposits held at the Fed and pay on short-term credit from the Fed. Mr. Warsh may want to…
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–Federal regulators should act urgently to prevent millions of people with low incomes from losing Medicaid coverage under new work requirements, Human Rights Watch and Oxfam America said in a joint letter to the US Department of Health and Human Services and the Centers for Medicare& Medicaid Services last week.The agencies face a June 1 deadline to issue…
Starting June 1, the U.S. Mint will ship the commemorative coin to the Federal Reserve for distribution to banks and financial institutions nationwide. The U.S. Mint is a government agency that makes the nation's coins and produces medals and bullion. In addition to the Declaration of Independence quarter, the U.S. Mint's 2026 semiquincentennial program…
2026 MAY 26– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ EVERYDAY INCREDIBLE” by Donna F. Schmitt Armstrong Teasdale LLP, representing SSM Health Care Corporation. This application was made available to the public on…
Rep. Adams was shocked to learn this even though she has been in the insurance business for nearly 20 years. "Homeowners insurance in the last probably 4 to 5 years has just really gone up a lot," said Rep. Adams. "I thought maybe that's something that we could change in Oklahoma," said Rep. Adams.
A Prince George "s County grand jury on Tuesday indicted Corrie Alston, 51, of Bowie, on charges of a felony theft scheme and insurance fraud for submitting multiple fraudulent life insurance applications, Attorney General Anthony G. Brown said. Alston, while employed as an information technology specialist for the federal government, also worked as a licensed…
*California school districts spent 8% of their per-student funding on health benefits last school year. Twin Rivers Unified School District teachers in Sacramento spent 12 days on strike in March, in part, because healthcare premiums for some teachers and their families had reached $1,600 a month— a growing burden now fueling labor battles in school…
Pershing Square SPARC Holdings, Ltd. today announced that the Securities and Exchange Commission has approved a change to the New York Stock Exchange listing rules that will enable SPARC’ s subscription rights to trade on the NYSE in the future, a milestone that further cements SPARC as the most efficient and cost-effective way for a large private company to…
Patients in Iowa will soon no longer need to wonder if their health insurance companies will approve certain care their doctors recommend. Kim Reynolds recently signed a bill banning prior authorizations for cancer screenings and emergency care. Some health care providers say House File 2635, signed into law May 13, is a way to remove some red tape that can…
A Prince George "s County grand jury on Tuesday indicted Corrie Alston, 51, of Bowie, with felony theft scheme and insurance fraud for submitting multiple fraudulent life insurance applications, Attorney General Anthony G. Brown announced. Alston, while employed as an information technology specialist for the federal government, also worked as a licensed…
A Worcester County woman was convicted of embezzlement for the second time this year, this time for stealing more than $191,000 from a Salisbury employer and committing insurance fraud, prosecutors said. Taylor Clark, 32, of Pocomoke, stole from her former employer, Delmarva Dental Services, and submitted a fraudulent letter to the company "s insurer to add a…
The debate over health insurance in the United States has returned to the forefront as the Affordable Care Act faces political pressure, insurance premiums continue to climb and physicians experience increasing restrictions from insurance companies. Today, the United States spends a relatively high amount per person on healthcare, but Americans die…
PURE Insurance today announced a $50 million allocation to members’ Subscriber Savings Accounts for the 2025 calendar year. This brings the total allocated to members through SSAs to nearly $170 million since the company’ s inception. This allocation reflects careful management and a structure built to serve members first,” said Martin Leitch, CEO of PURE…
AM Best has assigned a Financial Strength Rating of B+ and a Long-Term Issuer Credit Rating of“ bbb-” to Aseguradora del Sur C.A.. The outlook assigned to these Credit Ratings is stable. The company was founded in 1990 in Cuenca, Ecuador by Rodrigo Cevallos Breilh.
Annamarie McDonald has long wanted to have three children. As the U.S. debates the social causes and solutions for its declining birthrate, one thing is clear: Family-building is a costly affair. Roughly half the states now require insurance companies to cover the cost, but legislative efforts to do the same in Minnesota have failed five times.
Boost Insurance Holdings, Inc., the full-stack specialty insurance infrastructure platform, today announced the release of Boost Atlas, an AI-enabled broker and MGA portal purpose-built to compress the placement workflow from hours to seconds. Boost Atlas is the turnkey distribution interface for Boost’s full-service MGA platform- providing brokers…
Tens of thousands of CalFresh recipients in the Bay Area— including veterans and homeless people— will soon have to comply with federal work requirements to keep their food assistance, as officials project 665,000 Californians will lose eligibility and food banks brace for longer lines. Along with work requirements for Medi-Cal, the state health insurance…
Annamarie McDonald has long wanted to have three children. As the U.S. debates the social causes and solutions for its declining birthrate, one thing is clear: Family-building is a costly affair. Roughly half the states now require insurance companies to cover the cost, but legislative efforts to do the same in Minnesota have failed five times.
Resilience Foundation today confirmed that the Token Generation Event for the RE token will be coming soon. Hundreds of thousands of U.S. policyholders reinsured. $226 million in 2026 premiums written to date.
