As good as Ron DeSantis is as governor, he is equally bad as a presidential candidate. DeSantis will likely limp back to Florida to unaddressed problems, defeated and humbled. He went from poor to wealthy by way of a $1.2 million advance for his new book.
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WASHINGTON– The White House says health insurance companies are ignoring federal laws when it comes to covering mental health treatments and President Bident has new rules aimed at fixing the problem. Democratic Michigan Senator Debbie Stabenow says insurance companies need to cover mental illness like any other illness. The White House says insurance…
The Federal Reserve has pushed interest rates to their highest level in two decades. The Fed is negotiating stubborn, competing deflationary and inflationary forces. Inflationary expectations, however, are hardening— the Conference Board, New York Federal Reserve Bank and University of Michigan surveys of one-year inflation expectations average about…
This year, a near record 61% of Americans say they own stock of some sort, whether individually or through a tax-advantaged retirement account like a 401. Magnifi, an AI investing app, analyzed data from Gallup and the Federal Reserve to illustrate how Americans invest their income across various assets today. Scientists at Gallup and data scientists at the…
Two Omaha men were federally indicted last week for their alleged participation in a check fraud scheme involving nearly $290,000 in forged business checks deposited at financial institutions across Nebraska and elsewhere. Federal prosecutors on Friday unsealed an eight-count indictment against Calvin Carter, 20, and Malik Washington, 26, alleging…
A California Institution for Women inmate serving a life sentence for murdering her mother became the 14th person convicted in a scheme to fraudulently obtain more than $1.5 million in California unemployment insurance benefits between June 2020 and April 2021. The benefits were mostly relief payments earmarked for California residents who were…
Top state health officials say they plan to plow most of the money into higher payments for doctors, hospitals, and other health care providers who serve Californians covered by Medi-Cal, the state's Medicaid program. Even as they battle for their share, industry leaders are quietly plotting a November 2024 ballot initiative to lock in the Medi-Cal payment…
Federal authorities in New York charged British billionaire Joe Lewis with insider trading for allegedly sharing corporate information with people close to him. U.S. Attorney Damian Williams, announced Tuesday that the Southern District of New York had indicted Lewis for "orchestrating a brazen insider-trading scheme" that saw people he shared…
Becca Balint, D- Vermont, issued the following news release and letter on July 24, 2023:. Becca Balint today sent letters to 95 insurance companies holding federally-backed and private insurance policies across Vermont- including the top flood, homeowner, and auto insurance companies- calling on them to act quickly and fairly when assessing what damage from the…
The U.S. has repeatedly tried to provide medical care for those who need it and cannot afford it. Then again, no policy has fully addressed the needs of the U.S. population. About 30 million U.S. citizens lack health insurance.
SEATTLE and ISTANBUL, July 26, 2023/ PRNewswire/– Itasca Re Limited, a Bermuda- licensed reinsurance company created by Castlelake that specializes in insurance-backed financing solutions for buyers and owners of commercial aircraft assets, and Turkish Airlines, the flagship airline of Türkiye, today announced Itasca Re provided reinsurance for aircraft…
MIAMI& LONDON—- Augment, an innovative reinsurance solutions broker offering bespoke solutions to its partners, today announced appointments to strengthen its executive team, with Charlie Love joining as Chief Financial Officer and Henry Mikrut joining as Head of Rating Agency Advisory. Prior to Augment, Love was interim Group CFO at insurance distributor…
Rashida Tlaib, D- Michigan, issued the following news release on July 25, 2023:. Rashida Tlaib and Adam Schiff introduced the Polluter Portfolio Disclosure Act, which would require insurance companies with more than $100 million in annual premiums to disclose their investments and underwritings related to coal, oil and gas projects, and fossil fuels.
Adam B. Schiff, D- California, issued the following news release on July 25, 2023:. "Insurance companies like State Farm and Allstate shouldn't be allowed to profit from the climate crisis while neglecting vulnerable communities," said Rep. Schiff. "Even as insurance companies walk away from vulnerable communities in California and across the country, they…
The U.S. Attorney for the Middle District of Florida, Roger B. Handberg, issued the following news release:. United States Attorney Roger B. Handberg, along with Special Agent in Charge Kareem Carter for the IRS- Criminal Investigation Washington D.C. Field Office, and Special Agent in Charge David Walker for the FBI- Tampa Division, announces that Vitalii Chychasov…
A Mayer Brown team advised Somerset Re on its agreement with Prudential Financial, Inc. to reinsure approximately $12.5 billion of reserves backing Prudential's guaranteed universal life policies issued by Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey. This is Somerset's third deal with Prudential and Mayer Brown acted on…
Absa Bank Uganda has partnered with UAP Old Mutual to launch the Absa medical insurance, a policy targeting self-employed and non-salaried individuals in the drive to increase access to health insurance in Uganda.. "A majority of the population relies on cash payments from savings, the sale of property or crowdfunding to cover unexpected health emergencies,…
Since state lawmakers overhauled Michigan's no-fault system several years ago, buying auto insurance is no longer straightforward and requires decisions on complex coverage options. So getting the cheapest price quote now takes a little work. The biggest new choice concerns the amount of medical benefits coverage desired, known as "personal injury…
The state’ s health insurance exchange will zero out some patients’ hospital deductibles, up to $5,400; lower the copay of primary care visits from $50 to $35; and reduce the cost for generic drugs from $19 to $15. Covered California CEO Jessica Altman argues these are tangible reductions— savings on deductibles and copays on top of subsidies to lower monthly…
