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Carson Tahoe Health will no longer take current Nevada State workers' health insurance

August 17, 2024

According to an email sent to Nevada State employees Wednesday, Aug. 14, Carson Tahoe Health has decided to no longer take current Nevada State PEBP insurance. A request for comment to Carson Tahoe Health has not been answered at this time; however, with thousands of Carson City residents employed by the state of Nevada, the effects could be huge on those seeking…

Annual US inflation falls to 3-year low

August 17, 2024

WASHINGTON- Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September. Wednesday's report from the Labor Department showed that consumer prices rose just 0.2 percent from June to July after…

Inflation rate drops to a three-year low point

August 17, 2024

WASHINGTON— Year over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September. The Labor Department report Wednesday showed consumer prices rose just 0.2% from June to July after dropping slightly the…

Home Depot's same-store sales down

August 17, 2024

But that included $1.3 billion from the recently acquired SRS Distribution Inc.. Net earnings for the second quarter were $4.6 billion, compared with $4.7 billion in the second quarter of 2023.. But in the short-term, many companies and consumers alike are waiting for the Federal Reserve, which dramatically hiked interest rates in the past two years, to once…

Inflation stress: Higher car and homeowners insurance premiums add to Americans' economic angst

August 17, 2024

In 2019, the average homeowners insurance premium in the U.S. was $1,272— now it is $2,511, according to consulting firm CAPCO.com and Marketwatch.com. The average homeowners insurance premium with $300,000 in dwelling coverages averages $5,531 annually in Florida— 144% higher than the national average for the same coverage, according to financial firm…

Inflation cools to 2.9%, shoring up case for a fed rate cut

August 17, 2024

WASHINGTON- The consumer price index cooled in July compared with a year earlier, providing further evidence that inflation is moderating and leaving the Federal Reserve firmly on track to cut interest rates at its meeting next month. Overall inflation was 2.9% in July on a yearly basis, the Bureau of Labor Statistics reported Wednesday, down from 3% in June and…

Insurers’ Maui fire settlement objection is nixed

August 17, 2024

Cahill, chief judge for the state's 2nd Circuit Court on Maui, issued his ruling after hearing arguments made by attorneys for fire victims and 163 insurance companies that have paid $2.3 billion in damage claims to policyholders with fire losses and expect to pay another $1 billion. One option is for insurance companies to release claims against the parties…

US weekly jobless claims at one-month low; retail sales surge in July

August 17, 2024

WASHINGTON- The number of Americans filing new applications for unemployment benefits dropped to a one month-low last week, suggesting an orderly labor market slowdown remained in place, and dashing financial market hopes that the Federal Reserve could cut interest rates by 50 basis points next month. "Fed officials need not worry themselves to death about…

More Than 27 Million Americans Without Health Insurance, Reversing Record Lows | Insurify

August 17, 2024

More than 8% of the U.S. population didn't have health insurance in the first three months of 2024, according to findings from the Centers for Disease Control and Prevention's quarterly National Health Interview Survey. The percentage of uninsured Americans in the first quarter of 2023 was 7.7%, according to the CDC. While 2024 numbers have broken the streak…

Progressive halts new home insurance policies in Texas and some Midwestern states | Insurify

August 17, 2024

Progressive will no longer sell new home insurance policies in Texas as of Aug. 13, according to a report from P&C Specialist. And Midwestern states like Illinois, Minnesota, Missouri, Nebraska, and Wisconsin could be next on the underwriting chopping block, P&C Specialist reported. The company began implementing non-renewal notices for 115,000 property…

Fairland annexes the city cemetery, Round-Up Club property

August 17, 2024

Police Chief Dan Cook said he had no jurisdiction inside the cemetery. The board also learned the Lutheran Cemetery Association voted to increase their mowing contribution to the city to $3,000 a year from the previous $1,700. The Wyandotte Nation had already purchased the former bail bonds property on the corner of West Connor Avenue and Highway 125.

United Healthcare breach may affect 45% of U.S. population; victims to start getting notices

August 17, 2024

Change Healthcare allows insurers to communicate electronically with doctors' offices and pharmacies. "Change Healthcare is committed to notifying potentially impacted individuals as quickly as possible, on a rolling basis, given the volume and complexity of the data involved," the company said in a statement. BlackCat disrupted crucial operations across…

ON THE MOVE: GenuBank announces new VP

August 17, 2024

In a strategic effort to expand its business of providing concierge-style banking services for prominent companies, GenuBank, a leading Las Vegas bank, has announced Trent Jarvis will become the organization's new vice president business relationship officer. Jarvis hails from over seven years of experience in relationship management and business…

Making Health Insurance Work for Consumers

August 17, 2024

Healthcare in the United States is expensive. While a great deal of legislation has been aimed at keeping those costs down, looking at how it got so expensive in the first place is the key to reducing the costs. The employer-based health insurance model has disconnected patients from prices, removing a check on rising costs.

Triad victims of data breach start receiving notices United Healthcare breach may affect 45% of U.S. population. Triad victims to start getting notices this week

August 17, 2024

Change Healthcare allows insurers to communicate electronically with doctors' offices and pharmacies. "Change Healthcare is committed to notifying potentially impacted individuals as quickly as possible, on a rolling basis, given the volume and complexity of the data involved," the company said in a statement. BlackCat disrupted crucial operations across…

Many insurance companies are raising their homeowners’ deductibles from 1% to 2%

August 16, 2024

Watchdog reader Paul Barth of Dallas calls it "Homeowners Policy Shock." Showing it the easy way, let's pretend there is still such a thing in Dallas-Fort Worth as a $100,000 home. At 1%, your out-of-pocket cash would be $1,000.

8,000 foster youth in California may have nowhere to go as early as September 30

August 16, 2024

Of the nearly 45,000 children in the California foster care system, over 8,000 are placed in resource family homes supported by nonprofit foster family agencies. On June 12, Nonprofit's Insurance Alliance stated on it's website, "NIAC insures 90% of foster family agencies in California and we will be forced to non-renew all of these FFA's soon— unless immediate…

Miami man charged with posing as licensed insurance adjuster in Broward County

August 16, 2024

A Miami man has been charged with two felony counts of acting as an unlicensed insurance adjuster in Broward County. Giorgio Giovanni Gonzalez, 38, is accused of securing public adjuster contracts to help two homeowners with their insurance claims despite the fact his license was suspended since 2013, according to arrest reports and a news release by the…

Man charged with arson, insurance fraud

August 16, 2024

Charlotte County firefighters responded around 4:26 a.m. on Nov. 28, 2023 to a reported house fire in the 11500 block of Willmington Boulevard. The Englewood Fire Department was the first on the scene. The Bureau of Fire, Arson, and Explosives Investigations, under the Florida Chief Financial Officer's office, was brought in to determine the cause of the fire.

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