New Mexico Superintendent of Insurance Alice Kane on Wednesday defended her decision to approve a significant health insurance rate increase before members of the powerful Legislative Finance Committee. “I’ m not looking forward to paying 24% more, either, but the rates that we approve are actuarially justified based on the data that is submitted and matches…
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The Federal Reserve raised interest rates on Sept. 16 for the first time since 2023. On a $300,000 loan, increasing the mortgage rate from 6.75% to 7.75% raises the rent needed to maintain the same debt coverage by 8.3%. The Fed's outlook may matter more than the hike.
2026 SEP 24– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators discuss new findings in Agriculture- Crop Insurance. For more information on this research see: Reducing Costs of the Federal Crop Insurance Program: Stated Versus Realized Premium Subsidy Rates. Journal of Agricultural and Resource Economics, 2026; 51: 470-483. Journal of…
2026 SEP 24– By a News Reporter-Staff News Editor at Health Policy and Law Daily– In the 46 years since Dolly Parton wrote the workers’ anthem“ 9 to 5”, American jobs, and access to employment-based health insurance, have changed a lot. The study is published in JAMA Network Open by a team from Mount Sinai Hospital and the University of Michigan, who note that volatile or…
Under the Clarifying Law Around Insurance of Marijuana Act, insurance companies would no longer face federal criminal prosecution for providing insurance to qualifying cannabis businesses. The bipartisan House bill was introduced by Reps. Nydia M. Velázquez and Warren Davidson.
As paymaster and healthcare administrator for state employees and retirees, Connecticut Comptroller Sean Scanlon moved swiftly to stop the auto-deposit on Kosta Diamantis' pension check on Sept. 17, and issued a statement about it less than two hours after the convicted former state budget official failed to show up in federal court for sentencing.
The following information was released by the U.S. Department of Agriculture:. The deadline for fall acreage certification is Nov. 16. The Noninsured Crop Disaster Assistance Program provides financial assistance for losses from natural disasters on crops for which no permanent federal crop insurance is available.
The following information was released by the U.S. Department of Agriculture:. USDA Enhances Grape Coverage Options in Michigan and Ohio. The U.S. Department of Agriculture's Risk Management Agency announced it is enhancing Federal crop insurance options for grape producers in Michigan and Ohio.
Walt Disney, Bloomberg, Starbucks and Deloitte are among those taking actions next year to rein in healthcare spending, from restricting spousal coverage to eliminating plan options or cutting drug benefits to deal with soaring costs. Insurer Aon predicted even higher costs, with U.S. employer healthcare costs increasing 9.5% next year, pushing average…
BEEVILLE– The Beeville City Council voted Sept. 22 to adopt a new health insurance plan for city staff, transitioning municipal workers to the Blue Cross Blue Shield Essential HMO Plan. Under the new plan, the city's annual contribution will be $1,059,333, representing a minor increase of less than 1% over the expiring plan's $1,051,255 cost.
Former Delaware insurance agent Zenaida Nieves-Cordero was sentenced to three years in prison after pleading guilty to three counts of felony theft involving client funds. restitution. During an inquiry into Nieves-Cordero's business practices at her former agency, Apple Insurance Inc., state insurance investigators uncovered a pattern of…
Priority Health, a nationally recognized nonprofit health plan serving 1.4 million members, has again been recognized as a top performer by the National Committee for Quality Assurance for its accredited Medicare, Medicaid and commercial health plans. In NCQA’ s Medicaid Health Plan Ratings 2026, Priority Health has the top-rated Medicaid health plan in the…
Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, wrote to Commerce Secretary Howard Lutnick, Office of Management and Budget Director Russell Vought, Chief Statistician of the United States Stuart Levenbach, and Federal Reserve Chairman Kevin Warsh, requesting information about the Department of…
Concurrently, AM Best has affirmed the FSR of A- and the Long-Term ICR of“ a-” of Palms Specialty Insurance Company, Inc. and its reinsured affiliate, Sabal Specialty Insurance Company, Inc.. Both companies are collectively referred to as Palms Specialty Group and are domiciled in Delaware. The ratings of Palms Specialty Group reflect its balance sheet strength,…
BOISE, Idaho— Joshua and Ashley Durham run a family medicine practice, and for the first time in their lives, they have no health insurance. “It’ s nerve-racking,” said Joshua Durham, 47.“ It just takes, you know, one little accident, and then you got a big fat bill.”. Nationwide, 7% of all healthcare workers were uninsured in 2024, compared with 11% of all adults under 65,…
The Delaware Department of Insurance announced recently the sentencing of former Delaware insurance agent Zenaida Nieves-Cordero, who has been ordered to serve three years in prison after pleading guilty to three counts of felony theft involving the misappropriation of client funds. Through a detailed inquiry into Nieves-Cordero's business…
Steve Beshear, a Democrat, expanded Medicaid to the working poor and established Kynect, the state’ s health insurance marketplace. On a recent Thursday afternoon, former federal prosecutor Zach Dembo laid out a five-point healthcare plan at a news conference in Paris attended that was by Steve Beshear and several medical professionals.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb”, and the Vietnam National Scale Rating of aaa.VN of BIDV Insurance Joint Stock Corporation. The outlook of these Credit Ratings is stable. The ratings reflect BIC’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating…
AM Best- rated U.S. property/casualty mutual insurance organizations marked one of the more successful years in recent history for the segment, with net income doubling year over year to $42.6 billion, as efforts to combat post-pandemic inflation and a volatile operating market came to fruition. According to the new Best’ s Market Segment Report,“ Mutual…
