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Montanans who lost Medicaid coverage can still enroll in marketplace

November 21, 2024

Nov. 1 marked the opening of the period Montanans can enroll in the marketplace, apply for Medicaid, or change their health care plans to better meet their needs, said Cover Montana, a program of the Montana Primary Care Association. “Over the past year and a half, thousands of Montanans have seen changes to their health insurance coverage,” said Olivia Riutta,…

Blue Cross appeals dismissal of lawsuit over Idaho government employee health insurance plan

November 21, 2024

Blue Cross of Idaho appealed an Idaho judge’ s dismissal of its lawsuit that alleged the state of Idaho used an unlawful contracting process to switch government employee health insurers. Meridian-based insurer Blue Cross, which held the contract since 2004, alleged Idaho used an unlawful, new process to award the now $1.1 billion contract and asked for the…

New York Life Declares Company-Record $2.5 Billion Dividend Payout for 2025

November 21, 2024

New York Life, America’ s largest 1 mutual life insurer, has declared a dividend of $2.5 billion payable to eligible participating policy owners in 2025, the highest payout in its nearly 180- year history. Through an exclusive partnership with The American College of Financial Services, New York Life supports its field force in gaining specialized knowledge…

Why are mortgages, loans costing more if Fed is cutting interest rates?

November 21, 2024

While the Federal Reserve has cut its short-term interest rate target by three-quarters of a percentage point since mid-September, 30- year fixed-rate home mortgage rates rose by almost as much during that period and have lately averaged around 6.8%, higher than they were when the Fed began cutting, according to Freddie Mac, the home-loan finance giant.

US applications for jobless benefits fall to 213,000, remaining near 7-month lows

November 21, 2024

The Labor Department reported Thursday that jobless claim applications fell by 6,000 to 213,000 for the week of Nov. 16. Weekly applications for jobless benefits are considered a proxy for U.S. layoffs. In response to some weakening employment data and receding consumer prices, the Federal Reserve slashed its benchmark interest rate in September by a half a…

AvevoRx Appoints Cary Goodin as Vice President of Managed Care

November 21, 2024

GREENSBORO, N.C., Nov. 21, 2024/ PRNewswire-PRWeb/– AvevoRx, a national, independent provider of specialty infusion pharmacy services, is pleased to announce the appointment of Cary Goodin as vice president of managed care. AvevoRx currently serves patients nationwide in 39 states and the District of Columbia, covering 84 percent of the U.S. population.

Octaviant Financial Announces Strategic Initiative with Starr Insurance

November 21, 2024

New Brunswick, NJ– November 21, 2024– Octaviant Financial, Inc., a recognized innovator in drug warranty and payment models, announced today that Starr Insurance will join Octaviant and Marsh, the world’ s leading insurance broker and risk advisor, in offering drug warranty services that enable pharmaceutical companies to stand behind the effectiveness of…

Porch Group to Host Investor Day on December 5, 2024

November 21, 2024

Porch Group, Inc., a homeowners insurance and vertical software platform, today announced it will host an Investor Day on Thursday, December 5, 2024 starting at 9 am Eastern in New York City and virtual. At the Investor Day, Management will provide insight into Porch’s forward looking financial targets, economic model post-reciprocal launch, and details on a…

Which health insurance plan may be right for you?

November 21, 2024

Everyone likes a good deal, and health insurance bargains abound this time of year. Insurers selling Medicare Advantage plans are dangling coverage with $0 premiums, and individual insurance marketplaces created through the Affordable Care Act offer tax credits to help with the premium or cost of coverage. Plans with low premiums can come with deductibles…

One Inc and U.S. Bank Partner to Modernize Payment Solutions for Insurance Carriers and Policyholders

November 21, 2024

One Inc, the leading payments network for the insurance industry, announced today a partnership with U.S. Bank aimed at delivering a comprehensive, unified payment experience for Property& Casualty and Life insurers. U.S. Bank is one of the largest commercial banks in the United States. "Both U.S. Bank and One Inc are dedicated to elevating the insurance payment…

ACA Group Revolutionizes ESG Data Management with Enhanced ACA Vantage for ESG Platform

November 21, 2024

NEW YORK& LONDON—- ACA Group, the leading provider of governance, risk, and compliance solutions to clients in the financial services industry, today announced the launch of the next generation of ACA Vantage for ESG™, its advanced ESG data management and risk monitoring solution. As global regulatory bodies, including the U.S. Securities and Exchange Commission…

Judge weighs whether Missouri-based Kanakuk defrauded abuse survivor's family

November 21, 2024

OZARK— Attorneys argued about culpability in Christian County Circuit Court Monday morning in a lawsuit involving a Branson- area Christian summer camp accused of conspiring with its insurer to trick a family into signing a non-disclosure agreement by concealing prior knowledge of sexual misconduct. Logan Yandell, a survivor of sexual abuse by Kanakuk…

Beware of scams during open enrollment for insurance

November 21, 2024

The New York attorney general is warning New Yorkers to beware of health insurance scams during open enrollment for insurance plans through New York's Affordable Care Act marketplace. The New York agencies that administer Medicaid, Child Health Plus, and Essential Plan benefits will not offer rewards to renew coverage. "Obamacare": The New York agencies that…

Raleigh ranks second in largest increase of affordable homes over the past year: Zillow

November 21, 2024

Raleigh was right behind with the number of affordable home listings increasing from 28% to 40%. San Antonio was third on the list, with affordable listings going from 21% in Oct. 2023 to 33% in Oct. 2024. Currently, mortgage rates are nearly 7% despite a recent cut in short-term interest rates by the Federal Reserve.

Governor gets sued for demanding Christians pay for others' abortions

November 21, 2024

J.B. Pritzker, the far-left billionaire governor of Illinois, is being taken to court over his schemes that force state residents to make the choice between paying for abortions or going without health insurance entirely. The case has been brought by the Thomas More Society on behalf of Students for Life of America, Midwest Bible Church, Pro-Life Action League,…

Federal Reserve's likely slowdown in rate cuts could disappoint borrowers

November 21, 2024

—Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates. Several surprisingly strong economic reports, combined with President-elect Donald Trump's policy proposals, have led to a decidedly more cautious tone from the Fed…

Fed governors stake out competing views of inflation risk

November 21, 2024

Two Federal Reserve governors on Wednesday laid out competing visions of where U.S. monetary policy may be heading, with one citing ongoing concerns about inflation and another expressing confidence that price pressures will continue to ease. The separate speeches by Michelle Bowman and Lisa Cook show the set of concerns central bank officials will be…

Pro-life groups file lawsuit against Illinois over abortion coverage law

November 21, 2024

A coalition of pro-life organizations, a church and Christian employers filed a federal lawsuit against Illinois state officials Tuesday, challenging a law that requires health insurance policies to cover elective abortions. The lawsuit targets Illinois Gov. His nonprofit, Think Big America, which has invested millions in pro-abortion efforts across…

Thanksgiving dinner will cost less this year as inflation cools

November 21, 2024

Families will have something extra to be grateful for at Thanksgiving as the price of a turkey dinner falls for the second straight year. The American Farm Bureau Federation reported Wednesday that the average Thanksgiving feast for 10 people will cost Americans $58.08, or about $5.80 per person. “The turkey is traditionally the main attraction on the…

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