BOSTON— A Lowell man is among two Massachusetts residents who pleaded guilty recently to a sweeping bank‑ fraud operation that stole more than $1.1 million from customers at major banks across New England. Keith Wainaina, 24, is accused of depositing or attempting to deposit more than $762,000 in stolen funds into bank accounts he controlled as part of the…
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Federal Reserve Vice Chair for Supervision Michelle Bowman argues this was a result of federal policies and could be reversed by her proposed reforms to capital requirements. In 2013, the Federal Reserve adopted its initial "Basel III" framework, which imposed deduction caps that effectively limited the mortgage portfolios held by banks, and a 250%…
Knighthead Insurance Group, a global provider of retirement solutions, today announced the launch of Chartline and Chartline Bonus, fixed indexed annuities designed to provide clients with straightforward and intuitive accumulation. These new Chartline products are offered by Knighthead Life, the U.S. carrier of Knighthead Insurance Group.
Porch Group, Inc., a new kind of homeowners insurance company, today announced its upcoming investor event attendance. May 5, 2026: Stephens Inc. Non-Deal Roadshow May 6, 2026: Oppenheimer Non-Deal Roadshow May 14, 2026: 21 st Annual Needham Technology& Media Conference May 19, 2026: KBW Real Estate Finance& Technology Conference May 20, 2026: J.P.
MONTPELIER, Vt.—- National Life Group recently named Jason Doiron Chief Executive Officer of its investment affiliate, NLG Capital, as the organization continues to focus on strategic growth. Doiron is also Executive Vice President and Chief Investment Officer of National Life Group. “Jason is an innovative leader whose deep investment expertise has helped…
BY BILL DUDLEY Kevin Warsh, the prospective chair of the US Federal Reserve, keeps coming up with new reasons to lower short-term interest rates, an outcome that President Donald Trump has long demanded. The shrinkage, however, will likely be spread out over years and, at perhaps $1 trillion of the Fed’ s $6.7 trillion balance sheet, not be very significant compared…
A recent court ruling ensures Dover School District employees will have their health claims paid through the end of the school year, despite an ongoing legal battle over a $1.7 million bill to the district. On Thursday, a Strafford County Superior Court judge ordered the health insurance risk pool SchoolCare to continue providing health coverage to district…
It’ s a February afternoon, and 73- year-old Barbara Andrews is resting her head on her desk, exhausted. Nearby, a robotic voicemail drones on from her landline phone with a reminder for her husband, Mel. He died two months ago, but Andrews is still working through a maze of red tape to get his Medicaid application for long-term care approved.
JASPER– German American Bank's Chairman and CEO, Neil Dauby, has been elected to serve on the Board of Directors of the Federal Reserve Bank of St. Louis. In this role, he will contribute to the national monetary policymaking process, providing valuable economic insight aìecting businesses and communities in the footprint it serves, which includes German…
Before undergoing treatment for prostate cancer last summer, Leif Hembre says he was careful to avoid huge bills by checking that Mayo Clinic was in his Medica health insurance network. It turned out Mayo had been out-of-network, Medica said, and the Rochester health care provider eventually said Hembre owed more than $76,000 because his insurer was refusing…
Noozhawk republishes news articles from CalMatters on state and local policy issues that affect Santa Barbara County readers. Or perhaps they're trying to rebuild after last year's deadly Los Angeles County fires. For the past few years, insurance companies have paused writing homeowner policies or reduced their presence in California.
Arraignment is scheduled for next week in U.S. District Court in Cedar Rapids. According to court records, an elderly relative of Davis was collecting monthly disability insurance benefits from the Social Security Administration beginning in March 2018. But the Social Security Administration wasn't aware of her death and continued to send the monthly…
Attorney Cody Allison, founder of Cody Allison& Associates, PLLC, a nationwide ERISA disability benefits law firm based in Nashville, has been invited to join an ERISA benefits expert panel on June 2, 2026. Cody Allison& Associates, PLLC is a leading national ERISA benefits law firm based in Nashville, TN. Their attorneys have the highest ratings from peer rating…
Once again, apparently in an effort to improve their bottom line to recover from a growing list of costly disasters, insurance companies licensed in the state proposed another outrageous rate increase, this time for insurance covering second homes and apartments- under the category of dwelling insurance. This followed a failed effort last year to do the same…
In early 2026 filings with state insurance commissioners from Aetna, Blue Cross Blue Shield, Cigna, Humana, Mutual of Omaha and UnitedHealthcare, rate increases for Plan G policies— the most commonly purchased supplement type— ranged from just over 12% to more than 26% in the first quarter, according to Telos Actuarial, a Nebraska consulting firm.“ While this is a…
They ultimately found it at Legacy Health. Regence health insurance cut Legacy Health providers from its network after the two organizations failed to reach an agreement on a new contract on April 1. Regence and Legacy have since returned to the table to negotiate a new contract, according to Merrin Permut, vice president and chief population health officer…
May 1— Dayton-based health insurer CareSource is reversing a previous decision to seek repayments for the last two years from behavioral health providers that the nonprofit said it had been overpaying for a number of years for services for CareSource members. In late April, certain behavioral and mental healthcare providers in Ohio received notices from…
ECU Health refused a request that would have allowed clients of a major health insurance company to continue paying existing rates for medical services while negotiations on long-term rates continued, the company said Thursday. UnitedHealthcare's statement came one day after ECU Health announced its contract with UHC had expired because the provider…
Iowa state auditor and Democratic gubernatorial candidate Rob Sand on Thursday unveiled a new water quality and public health proposal aimed at addressing the state's rising cancer rates, improving water quality, expanding access to health care and lowering costs for Iowans. Sand's proposal includes creating a statewide "dirty water" notification system,…
