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Housing prices fall across New Orleans metro area as market activity slows to a trickle

July 30, 2023

When David LeBoeuf listed his Gentilly house for sale in May, he thought the newly renovated, two-bedroom cottage would move quickly with a price tag of $315,000, or roughly $190 per square foot. For the first six months of the year, the median sale price of a single-family home was down 3.6% across the nine-parish metro region compared to the same period in 2022,…

’Red flags on top of red flags’: Problems mount for UM athletics booster John Ruiz [Miami Herald]

July 30, 2023

Even by Miami standards, John H. Ruiz has been living large. The brash attorney and entrepreneur has also become known as the sugar daddy of the University of Miami athletic program, making headlines for his company’ s sponsorship of star players and bold proposals to build the university a new football stadium. The Miami Herald has learned that Ruiz and his health…

SHP won't increase insurance premiums State Health Plan board votes not to raise employees' monthly premium rates

July 30, 2023

The rates go into effect Jan. 1. The SHP is North Carolina's largest purchaser of medical and pharmaceutical services, and is self-funded. Treasurer Dale Folwell has emphasized during his two terms in office that "health care is among the valuable benefits that draw people into government service."

’Red flags on top of red flags’: Problems mount for UM athletics booster John Ruiz [Miami Herald]

July 30, 2023

Even by Miami standards, John H. Ruiz has been living large. The brash attorney and entrepreneur has also become known as the sugar daddy of the University of Miami athletic program, making headlines for his company’ s sponsorship of star players and bold proposals to build the university a new football stadium. The Miami Herald has learned that Ruiz and his health…

Summer no time to slack on planning The Savage Truth: Boring summer is no time to slack on financial planning

July 30, 2023

The financial markets are in their most boring summer days as I write this column. Even news about unemployment and interest rates doesn't seem to rock the stock market. The long-awaited recession appears elusive, and inflation appears to be waning.

Froma Harrop: News flash: Companies don't want to lose money

July 29, 2023

Jimmy Patronis, Florida's "chief financial officer," said that Farmers Insurance pulled out of Florida not because it was losing money there but because the company was "woke." Because it is undeniable that losses are what's driving some property insurers out of Florida, mostly due to massive flooding. And this problem is hardly limited to Florida.

Morristown Offering Free Cancer Screenings For those Without Health Insurance

July 29, 2023

MORRISTOWN, NJ- The Town of Morristown will be offering free cancer screenings for people without health insurance. The screenings are for cancers of the breast, cervix, prostate and colorectal. Free transportation is available for those that qualify.

Sununu calls NH 'most pet friendly' state as he signs legislation [The New Hampshire Union Leader, Manchester]

July 29, 2023

New Hampshire is continuing to fulfill our promise of being the most pet-friendly state in the country. " Jess Edwards, R- Auburn, and Anita Burroughs, D- Glen, co-sponsored this bipartisan bill that has New Hampshire join 13 states to adopt a model act for pet insurance the National Association of Insurance Commissioners drafted with support of the industry.

Data: Fewer CT property owners buying flood insurance despite the perils of record rainfall [The Hour, Norwalk, Conn.]

July 29, 2023

Ned Lamont describing as "biblical" the flooding Connecticut has seen in recent years, fewer property owners are getting insurance to cover losses under a new flood insurance rating system, despite continued punishment from summer deluges and tropical storms. Over the past year, Connecticut saw the number of flood insurance policies in force dwindle by 0.7…

SLO County prosecutor who worked on Kristin Smart trial named a Superior Court judge [The Tribune (San Luis Obispo, Calif.)]

July 29, 2023

Gavin Newsom appointed Deputy District Attorney Crystal Tindell Seiler to be a Superior Court judge, according to a news release from San Luis Obispo County District Attorney Dan Dow on Friday. Seiler has served as a trial deputy with the District Attorney's Office, and assisted with the prosecution of Paul Flores for Kristin Smart's murder.

Covered California to lower patient costs after Democratic lawmakers win funding from Newsom

July 29, 2023

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…

230,000 WA residents lost Medicaid coverage since unwinding began [The Seattle Times]

July 29, 2023

Jul. 29— About 230,000 residents have lost access to their Medicaid, or Apple Health, coverage since Washington's renewal process for the health insurance plan began this spring, according to new state and national data. State insurance officials say it's too early to reflect on overall disenrollment trends because Washington only began terminating plans…

Allred's family reaches settlement with school

July 29, 2023

The suit was brought against Elkhart Community Schools following the death of 12- year-old Rio Allred on March 14, 2022. The mother of the North Side Middle School student, Nicole Ball, said Allred was frequently bullied by other students because of her hair loss and sexual orientation. Ball sought $4 million from the district in the Sept. 1 complaint filed in U.S….

Community Catalyst: New Data Makes Clear The Biden Administration Must Do More To Mitigate Health Coverage Losses

July 29, 2023

Community Catalyst issued the following statement on July 28, 2023:. Today, the Centers for Medicare& Medicaid Services released new data on the Medicaid unwind from the continuous coverage provision of the COVID-19 Public Health Emergency. Emily Stewart, Executive Director of Community Catalyst, released the following statement:.

Froma Harrop: Insurers leaving Florida because of money

July 29, 2023

Jimmy Patronis, Florida's "chief financial officer," said that Farmers Insurance pulled out of Florida not because it was losing money there but because the company was "woke." Because it is undeniable that losses are what's driving some property insurers out of Florida, mostly due to massive flooding. And this problem is hardly limited to Florida.

Comptroller of Currency Issues Bulletin on Addendum to Interagency Policy Statement on Funding, Liquidity Risk Management

July 29, 2023

The U.S. Department of the Treasury's Office of the Comptroller of the Currency issued the following bulletin on July 28, 2023:. The Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and National Credit Union Administration are issuing an addendum to the "Interagency Policy…

Treasury: FSOC Staff Committee Releases Progress Report on Interagency Efforts on Climate-Related Financial Risk

July 29, 2023

The U.S. Department of the Treasury issued the following news release on July 28, 2023:. The Financial Stability Oversight Council' s Climate-related Financial Risk Committee today issued a staff progress report on a range of actions underway to support capacity building and disclosure, address data gaps, and assess climate-related financial risks.

FDIC: Updated Guidance – Interagency Policy Statement on Funding, Liquidity Risk Management on Importance of Contingency Funding Plans

July 29, 2023

The Federal Deposit Insurance Corporation issued the following financial institution letter on July 28, 2023:. The events of 2023 have underscored the importance of robust liquidity risk management and contingency funding planning. Statement of Applicability: The contents of, and material referenced in, this FIL apply to all FDIC- supervised financial…

NCUA: Yonkers Postal Employees Credit Union Conserved

July 29, 2023

The New York State Department of Financial Services today placed Yonkers Postal Employees Credit Union in Yonkers, New York, into conservatorship and appointed the National Credit Union Administration as conservator. Member deposits at Yonkers Postal Employees Credit Union remain protected by the National Credit Union Share Insurance Fund.

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