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1 million+ patients lose coverage as insurers, hospitals drop Medicare Advantage

October 21, 2024

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.

Hurricane Milton likely to be a first test of insurance reforms and spawn a recurring argument

October 21, 2024

New laws reduced insurers' exposure to lawsuits, but consumers may find a deaf ear if they don't agree with proposed damage settlements.

Biden proposes requiring private insurers cover over-the-counter birth control

October 21, 2024

President Biden is proposing a new rule that would require private insurers cover the cost of over-the-counter contraception.

Insurance Prices Threaten An Affordable Housing Oasis In Hawaii

October 21, 2024

Puna homeowners live under the threat of a lava eruption, but skyrocketing insurance rates are causing many to rethink that choice. Lahilahi Heen has lived for decades in a three-bedroom house surrounded by a carefully groomed garden in the lush Hawaiian Shores subdivision in Lower Puna. It’s also downslope from Hawaii’s most active volcano.

Rural Mainstreet economy falls to four-year low, according to Creighton survey

October 21, 2024

Rural bankers remain very pessimistic about economic growth for their area over the next six months.

Asian Markets Mixed As Traders Digest China Rate Cut

October 21, 2024

Asian markets started the week on a mixed note Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world’s number two economy, while gold hit a record high on geopolitical concerns.

How will upcoming elections, weather events affect municipal credit? | Cumberland Comment

October 21, 2024

More frequent and destructive disasters from storms, floods, and wildfires combined with less insurance availability pose long-term risk for munis.

John Snyder faces Alberto Hernandez in race focused on property insurance rates

October 21, 2024

See what the two candidates for Florida House District 86, which includes most of Martin County and part of Palm Beach County, had to say.

Crypto bets big on Republicans in congressional races

October 21, 2024

Data: AdImpact; Chart: Axios Visuals Groups trying to elect pro-crypto candidates to Congress are set to spend $21 million more on ads to boost Republicans than they’ll spend on Democrats in the run-up to the Nov. 5 election, Axios has learned. Why it matters: The crypto industry is proving to be a new, formidable force in this year’s elections, dropping tens of millions of dollars…

For drivers, rising insurance rates are no joyride

October 21, 2024

The cost of auto insurance in Massachusetts has soared by almost 38 percent since the beginning of 2022, climbing at a pace that is more than double the already elevated rate of consumer inflation for the same period. Among the rate increases approved by the division last year was an eye-popping nearly 26 percent for GEICO, the second-biggest insurer in…

Asian Markets Fluctuate As Traders Digest China Rate Cut

October 21, 2024

Asian markets swung Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world’s number two economy, while gold hit a record high on geopolitical concerns.

Asian Markets Fluctuate As Traders Digest China Rate Cut

October 21, 2024

Asian markets swung Monday as traders weigh Chinese central bank interest rate cuts aimed at reigniting the world’s number two economy, while gold hit a record high on geopolitical concerns.

Hurricanes Helene, Milton both bore evidence of climate change

October 20, 2024

Multiple studies are clearly showing how human-caused climate change made Hurricanes Helene and Milton more potent and destructive. Why it matters: These storms combined caused up to $55 billion in insured losses. They portend an era of increasingly human-influenced storms that are wetter and stronger as the climate continues to warm. The intrigue: Helene and Milton are a painful…

3 REITs Likely To Turn Out Winners This Earnings Season

October 20, 2024

The Q3 earnings season is off to a strong start, with the bank-dominated results so far not only exceeding expectations, but also offering a positive outlook on the broader macroeconomic environment. Here are three REITs to consider.

Attorney General Raoul leads effort against discriminatory homeowner insurance practices

October 20, 2024

Attorney General Kwame Raoul, along with District of Columbia Attorney General Brian Schwalb, has led a coalition of 19 state attorneys general in filing an amicus brief. This brief urges a federal court to reject the insurance industry’s challenge to the Department of Housing and Urban Development’s (HUD) Discriminatory Effects Rule. The rule is designed…

Michael Carlson: The truth behind closed property insurance claims

October 20, 2024

Floridians are still grappling with the devastation left behind by Hurricanes Helene and Milton, trying to restore their lives, homes and communities. For many, the damage feels relentless, with some still rebuilding from previous storms like Debby (2024), Idalia (2023) and Ian (2022). In the aftermath, time, resources and a coordinated effort will be essential…

U.S. retirement system lags in global ranking

October 20, 2024

The Netherlands has retained its position as having the best pension system in the world, according to the latest Mercer CFA Institute Global Pension Index. The report attributes this top ranking to the country’s robust asset base and sound regulatory framework. The index assessed the retirement income systems of 48 countries, representing 65% of the…

Cernitz Property Insurance Lawyers Celebrate 18 Years of Dedicated Service to the Miami Community

October 20, 2024

Cernitz Property Insurance Lawyers, a prominent law firm in Miami, joyfully acknowledges its 18 years of service to the Miami community. From the initial stage, the firm has been committed to providing excellent legal representation in property insurance disputes, personal injury cases, and policyholders’ advocacy.

Life insurance fraud lands broker in jail

October 20, 2024

PROVIDENCE— A Massachusetts insurance broker was sentenced to prison in Rhode Island federal court after he admitted he forged clients’ signatures to collect nearly $137,000 in sales commissions for end-of-life policies, prosecutors said. On Oct. 8, Bruno Francis Ragusa, 53, of North Attleborough, was ordered to serve 18 months in federal prison, followed by…

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