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Freshfields Discusses Trump Administration’s Effects on Bank Regulation

November 21, 2024

Bank stocks surged the day after Donald J. Trump won election to a second presidential term, recording double-digit gains on a widespread view that financial regulation under the new administration will be more industry friendly than in the current one. …

One80 Intermediaries Expands Reinsurance Offering With Acquisition of Waypoint Underwriting Management

November 21, 2024

Waypoint Underwriting Management specializes in accident and health, workers’ compensation, property and casualty reinsuranceBOSTON–(BUSINESS WIRE)–One80 Intermediaries (One80), a specialty insurance broker headquartered in Boston, today announced that it has acquired Waypoint Underwriting Management, LLC. Terms of the deal were not disclosed. Based in Basking Ridge, New…

Montanans who lost coverage through Medicaid can still enroll in the marketplace

November 21, 2024

If you recently lost Medicaid or Healthy Montana Kids coverage, it’s time to take advantage of open enrollment for health insurance, according to a reminder Monday from Cover Montana. 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…

Fed’s recent rate cuts could improve borrowing options for state and local government projects

November 21, 2024

The Federal Reserve’s second consecutive key rate cut could mean more than just lower borrowing costs for the average consumer — state and local governments stand to benefit, too. Lower interest rates may bring changes for housing development, tax revenue, debt refinancing and bread-and-butter projects like roads, water and sewer, state and local government officials…

Trump picks Mehmet Oz to oversee Medicare and Medicaid

November 21, 2024

President-elect Donald Trump on Tuesday selected Mehmet Oz, the well-known TV physician and former Republican Senate candidate, to run the Centers for Medicare and Medicaid Services, the federal agency responsible for providing health insurance to more than 160 million Americans. But Republicans praised Oz, pointing to the cardiothoracic surgeon's…

Daily Market Outlook – Tuesday, Nov. 19

November 21, 2024

As traders awaited President-elect Donald Trump’s cabinet choices and evaluated the outlook for Federal Reserve easing, Asian equities increased on Tuesday.

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

November 20, 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.

Garbarino’s FLOAT Act would help Americans afford flood insurance premiums

November 20, 2024

U.S. Rep. Andrew Garbarino (R-NY) recently introduced bipartisan legislation that would provide an above-the-line deduction for flood insurance premiums to help keep them affordable for Americans. “Long Islanders know firsthand the impact of flooding and the importance of being prepared,” Read more… The post Garbarino’s FLOAT Act would help Americans afford flood insurance…

Fewer US Homes Are Insured Against Floods, Even as Risks Are Rising

November 20, 2024

climate change Flooding is among the costliest and most common natural disasters in the United States. Moreover, as the inland devastation that hurricane Helene painfully showed, the risk of flooding is increasing even in areas that have not been traditionally considered flood prone. Yet only a fraction of homeowners in flood-prone areas have flood insurance.…

The State of Health Insurance in America

November 20, 2024

Public Health Universal access to affordable health insurance is a longstanding U.S. policy goal and was central to the Affordable Care Act (ACA, or “Obamacare”), one of the largest social reforms of the 21st century. In the decade since it took effect in 2014, the share of Americans without health insurance has fallen sharply and…

Trump’s latest health care curveball

November 20, 2024

President-elect Trump’s selection of Mehmet Oz, or Dr. Oz., to run the Centers for Medicare and Medicaid Services puts a celebrity physician with no prior experience in government in line to run the nation’s biggest health insurance programs. Why it matters: Oz is a household name with a medical degree, a Wharton MBA and Trump’s seal of approval. But he has a history of blending…

Fed’s recent rate cuts could improve borrowing options for state and local government projects

November 20, 2024

The Federal Reserve’s second consecutive key rate cut could mean more than just lower borrowing costs for the average consumer — state and local governments stand to benefit, too. Lower interest rates may bring changes for housing development, tax revenue, debt refinancing and bread-and-butter projects like roads, water and sewer, state and local government officials…

Daily Market Outlook – Tuesday, Nov. 19

November 20, 2024

As traders awaited President-elect Donald Trump’s cabinet choices and evaluated the outlook for Federal Reserve easing, Asian equities increased on Tuesday.

Provaris Energy attracts new substantial shareholder in Regal Funds Management

November 20, 2024

Provaris Energy Ltd (ASX:PV1, OTC:GBBLF) is buoyed by the confidence demonstrated by new substantial shareholder Regal Funds Management Pty Ltd in its unique and proprietary solutions for storage and marine transport of gases, including hydrogen and CO2. Regal Funds Management, a subsidiary of ASX-listed specialist alternatives investment manager Regal Partners Ltd, has acquired…

New FL Sen. President Ben Albritton tells insurance companies, ‘We are watching’

November 20, 2024

In his first speech after assuming the gavel as president of the Florida Senate, Ben Albritton put property insurance companies on notice that he’ll be watching how well they treat policyholders who suffered property damage during the recent hurricanes.

The Three Pillars of the Bro-Economy

November 20, 2024

Just 50 days before his reelection, Donald Trump took the time to hawk a new crypto platform. World Liberty Financial is the brainchild of Zak Folkman and Chase Herro. It is also an emblem of a financial world that Trump’ s election seems set to supercharge, populated by young men who have seen their economic prospects stagnate, their faith in the United States…

Fed’s recent rate cuts could improve borrowing options for state and local government projects

November 20, 2024

The Federal Reserve’s second consecutive key rate cut could mean more than just lower borrowing costs for the average consumer — state and local governments stand to benefit, too. Lower interest rates may bring changes for housing development, tax revenue, debt refinancing and bread-and-butter projects like roads, water and sewer, state and local government officials…

Litigated insurance claims down by nearly 24% over first 9 months of 2024, data shows

November 19, 2024

Florida CALA Executive Director Tom Gaitens said legal reforms have curbed excessive litigation against insurers in the state. | YouTube The number of lawsuits filed against Florida property insurers has plummeted by nearly 24% in the first three quarters of 2024 compared to the same period last year, suggesting that legal reforms passed by the…

California leaders take step to increase insurance availability in areas distressed by wildfires

November 19, 2024

California Department of Insurance took steps this week to ensure Californians in wildfire-distressed areas have access to insurance. © Shutterstock According to California Insurance Commissioner Ricardo Lara Thursday, the department has submitted its final wildfire catastrophe modeling legislation to the Office of Administrative Law (OAL) for approval. The legislation requires…

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