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Companion Protect, National Pet Insurance and Wellness Administrator, Announces $20.25M Series A Extension Round Led by Top FinTech and Strategic Investors

August 13, 2024

Companion Protect ®, a Kansas City- based pet health administration company, announced it has closed a $20.25 million extension round from Series A investors. This follows a $27 million Series A financing round in 2023 from Avanta Ventures, Liberty Mutual Insurance, Old Republic International Corporation, and Stray Dog Enterprises. Companion Protect has…

U.S. Adults Say Logistics and “Feeling Healthy” Among Reasons They Duck out of Routine Wellness Visits and Screenings

August 13, 2024

U.S. Adults Say Logistics and“ Feeling Healthy” Among Reasons They Duck out of Routine Wellness Visits and Screenings Tue, 08/13/2024- 15:30 Subheader Aflac’ s Wellness Matters Survey reveals 84% of millennials delay health and wellness screenings; Language is a barrier to understanding health care needs for 42% of Hispanic Americans Type of Content Press…

A market hiccup with a message about Fed meddling

August 13, 2024

Call this Thomas Hoenig's vindication. For 20 years, from 1991 to 2011, Hoenig, an Iowa native, was president of the Federal Reserve Bank of Kansas City, in which role he said: Interest rates are the prices of money, so, "Tell me one product, one service, that trades well at a price of zero." Today, Hoenig, who is now with George Mason University's Mercatus Center, notes this: The…

Tougher State Insurance Laws Get Kids Needed Mental Health Care

August 13, 2024

Parents and caregivers were 20% less likely to say they'd had trouble getting mental health services for a child if they lived in states with comprehensive laws around mental and behavioral health insurance coverage, reported a team from the University of California, San Francisco. "Unfortunately, in my own practice, I regularly see children who are unable to…

Most pet owners who have pet insurance say it's worth the cost

August 13, 2024

Emergency veterinary surgery can run anywhere from $1,500 to $7,000, according to 2024 data from Yelp; pulling a tooth can cost $500 to $3,000. Nearly 1 in 3 Pet Owners Say They Have Pet Insurance; 92% of Those Who Have It Say It's Worth It. On average, premiums for pet accident and illness insurance cost $383.30 annually for cats and $675.61 annually for dogs,…

Interest rates could be killing job gains

August 13, 2024

The post-pandemic hiring surge is over. Job seekers in nearly every industry are having a harder time finding employment. Since the post-pandemic inflation spike, the Federal Reserve has elevated interest rates to restrain price increases so rapid they poison the economy.

AM Best Affirms Credit Ratings of Sammons Financial Group, Inc. and Its Subsidiaries

August 13, 2024

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Midland National Life Insurance Company and North American Company for Life and Health Insurance. In addition, AM Best has affirmed the Long-Term ICR of“ a-” and the Long-Term Issue Credit Ratings of Sammons Financial Group, Inc.. Sammons Financial Group, Inc….

Axcelus Financial Expands U.S. Board of Directors With Two Key Appointments

August 13, 2024

Axcelus Financial, a leading provider of private placement life insurance and annuities, announces the appointments of Michael Fanning, the CEO of Advisor360°, and Nicholas Kabcenell, the Co-Founder of Structured Capital Partners, to its U.S. Board of Directors. Michael Fanning has over three decades of experience shaping strategy, driving digital…

Financial Focus: How should you respond to market cycles?

August 13, 2024

The movement of the financial markets can seem mysterious— and yet, if we look back over long periods, we can see definite patterns that consistently repeat themselves. As an investor, how should you respond to these market cycles? If they foresee an event that could boost the business cycle and help the economy, such as the Federal Reserve lowering interest rates,…

EUR/USD Forex Signal: Extremely Bullish Above 1.0945 – 13 August 2024

August 13, 2024

Focus on ECB and the Fed. The EUR/USD pair was stuck in a range as traders assessed the next actions of the Federal Reserve and the European Central Bank. The biggest concern for the ECB is that the bloc’ s inflation is still high and that stubborn wage pressures are contributing to that.

One Inc Makes Inc. 5000 Fastest-Growing Company List for Third Year in a Row

August 13, 2024

One Inc, the leading digital payments network for the insurance industry, is proud to announce its inclusion in the Inc. 5000 list of fastest-growing private companies in America for a third consecutive year. This recognition highlights One Inc’s continued expansion in the digital payments insurance sector, boasting a 218% growth rate over a three-year…

Prime Insurance Company is excited to welcome Peggy E. Day as its Executive Senior Vice President of Operations and Strategic Advisor to the CEO

August 13, 2024

Ms. Day has held executive positions in the insurance industry for over 30 years. Prior to Distinguished Programs Peggy was employed at Breckenridge Insurance Services in New York, where she led all technical aspects of developing property and casualty business, overseeing multiple concurrent objectives, and competing priorities, including securing…

The vital role of cybersecurity in life insurance

August 13, 2024

Less than one week after last year's infamous MOVEit hack, nearly 7 million patients of Delta Dental, the largest insurer in the U.S., had their financial information compromised. In February, Fidelity Investment Life Insurance Co. discovered a third-party data breach that compromised the personal and financial information of 28,000 customers three months…

What is an interest rate cut, and what would it mean for you?

August 13, 2024

Starting in March 2022, the Federal Reserve began rapidly raising interest rates to crush inflation and cool a red-hot labor market. So far, the U.S. economy has avoided a recession— while easing inflation— but a disappointing July jobs report has reignited fears that a downturn is coming. Now, the Fed is facing pressure to slash interest rates, with lawmakers like…

Social Security: Supporting rural communities

August 13, 2024

Social Security touches the lives of nearly every American. Millions count on us— retirees, people no longer able to work due to disability, dependents, and survivors. This means that they worked long enough– and recently enough– and paid Social Security taxes on their earnings.

Do the math. Recession risks add up.

August 13, 2024

When I saw the stock market rout in recent days, I was relieved. Second, the big dip pretty much guarantees the Federal Reserve will cut interest rates in September- and probably a few more times this year. Is the United States already in a recession?

A market hiccup with a message about meddling by the Fed

August 12, 2024

Call this Thomas Hoenig's vindication. For 20 years, from 1991 to 2011, Hoenig, an Iowa native, was president of the Federal Reserve Bank of Kansas City, in which role he said: Interest rates are the prices of money, so, "Tell me one product, one service, that trades well at a price of zero." Today, Hoenig, who is now with George Mason University's Mercatus Center, notes this: The…

Legislators giving second look at auto insurance

August 12, 2024

With Louisiana residents facing sky-high auto insurance premiums, state lawmakers are scrutinizing a state law that many say has prevented full transparency in jury trials on personal injury cases. Auto insurance rates in Louisiana are among the highest in the nation and have been for many years. Speaking to lawmakers on the House Insurance Committee,…

State calling on New Mexicans to offer input on Medicaid income requirements

August 12, 2024

Aug. 12— If you have an internet or phone connection and two cents to share on a proposal that could massively expand Medicaid in New Mexico, ready your engines. That comes to about $3,400 per month for a family four. Medicaid Forward, which lawmakers last year asked state officials to study, could raise or potentially even eliminate that cap, setting premiums and…

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