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Newswires

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States seek to lower drug prices by targeting the companies that manage them for health plans

2 hours ago Newswires No comments.

A Tennessee law will bar pharmacy benefit managers from operating retail pharmacies as of July 1, 2028, though CVS Health Corp. has filed a federal lawsuit to avoid having to close its 136 pharmacies there. Pharmacy benefit managers, particularly CVS and two other large companies, handle most U.S. prescriptions. Lawmakers in at least 26 states introduced more…

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Blumenthal: CT Must Reject Insurance Rate Increases

3 hours ago

Richard Blumenthal has added his name to the list of elected officials urging the Connecticut Insurance Department to reject proposed rate filings for four insurance companies that would mean a double-digit rate increase for more than 220,000 people. Blumenthal, joined by Liz Dupont-Diehl, associate director of the Connecticut Citizen Action Group, said…

Sentara Health Plans president hired

4 hours ago

Sentara Health Plans, the health insurance division of Norfolk-based Sentara Health, has a new president. With more than two decades of executive leadership in health insurance, Michael Cole started in that role and as executive vice president of Sentara Health last week, according to a Thursday announcement. Previously, Cole served as president of Aetna' s…

Collinsville man, St. Louis woman charged in Illinois health fraud case

6 hours ago

EDWARDSVILLE– A Collinsville man and a St. Louis woman were charged out of Madison County last week with health insurance fraud. The suspects, a 59- year-old Collinsville man and a 60- year-old St. Louis woman, were each charged June 16 with managed health care fraud and two counts of theft, all Class 1 felonies; conspiracy to commit theft, both Class 2 felonies; and…

Researchers from University of Virginia Describe Findings in Managed Care (Trends in the Concentration of Interventional Radiology Work Among Radiologists in the United States: Analysis of Medicare Claims Data, 2008-2023): Managed Care

7 hours ago

2026 JUN 26– By a News Reporter-Staff News Editor at Insurance Daily News– Researchers detail new data in Managed Care. According to news reporting originating from Charlottesville, Virginia, by NewsRx correspondents, research stated,“ To characterize longitudinal trends in the distribution of interventional radiology work across radiologists to…

Study Findings on Cancer Reported by a Researcher at Community Memorial Hospital (Barriers to Post-Mastectomy Breast Reconstruction: A Comprehensive Retrospective Study): Cancer

7 hours ago

2026 JUN 26– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators discuss new findings in cancer. The news editors obtained a quote from the research from Community Memorial Hospital:“ This study examines barriers to post-mastectomy breast reconstruction to promote a supportive clinical climate by addressing multifactorial…

Trademark Application for “C-MANAGERPAY” Filed by CIT Group Inc.: CIT Group Inc.

9 hours ago

2026 JUN 26– By a News Reporter-Staff News Editor at Computer Business Daily– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ C-MANAGERPAY” by Angela P. Doughty Ward and Smith, P.A., representing CIT Group Inc. This application was made available to the public on June 16, 2026.

Looking for work? What interest rates and inflation mean for the Miami job market

12 hours ago

The Federal Reserve held interest rates at 3.75% earlier this month, a decision that, at face value, isn’ t bad news for job applicants. That could hit South Florida especially hard. The area’ s economy is heavily dependent on tourism, real estate and construction,“ all of which are interest-rate-sensitive,” said Bryan Cutsinger, a professor of economics at Florida…

DFC, MIGA SIGN AGREEMENT TO ADVANCE POLITICAL RISK INSURANCE IN UKRAINE

13 hours ago

The U.S. International Development Finance Corporation today signed a cooperation agreement with the Multilateral Investment Guarantee Agency, the home of the World Bank Group Guarantee Platform, to establish a political risk insurance framework for the United States-Ukraine Reconstruction Investment Fund. This framework is intended to catalyze and…

Nevada Rural Road Trip addresses future of Uber, fire insurance, housing funds

13 hours ago

The event allowed state agencies to connect with rural Nevada communities and learn what issues they are facing. They have also reached out to Elko law enforcement about creating a similar partnership. Ned Gaines, insurance commissioner with the Nevada Division of Insurance, explained how his agency recovered more than $9 million for consumers last year.

AM Best Affirms Credit Ratings of Misr Insurance Company

15 hours ago

AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb” and the Egypt National Scale Rating of aaa.EG of Misr Insurance Company. MIC is the largest non-life insurance subsidiary of Misr Insurance Holding Company. The company’ s capital requirements are driven mainly by asset risk, given its concentration of assets in…

Fed Stress Test Shows Largest U.S. Banks Could Weather a Severe Recession

16 hours ago

CNW CurrenSees Exploring the policies, markets and global events influencing currencies and the movement of money worldwide June 26, 2026 – via  CurrencyNewsWire — According to the Federal Reserve’s annual bank stress test, the nation’s largest banks remain well capitalized and capable of continuing to support the economy during a severe downturn. Despite projected loan losses exceeding $708 billion under […]

Windward Risk Managers Announces Approved Rate Decreases for Edison and Florida Peninsula Policies

16 hours ago

Windward Risk Managers today announced approved statewide rate decreases for certain policies issued by Edison Insurance Company and Florida Peninsula Insurance Company. The changes, approved by the Florida Office of Insurance Regulation, are effective July 1, 2026, for new business and July 15, 2026, for renewals. Edison Insurance Company: 10% for HO-3…

Bank of America community event unpacks sales tax hike, small business struggles

17 hours ago

Business and government leaders gathered at the Bank of America Corporate Center for a community roundtable discussion Thursday. The tax is expected to generate $19.4 billion over the next 30 years, according to the Charlotte Area Transit System. Robert McCutcheon, CEO of Charlotte Regional Business Alliance, said the investment could lead to a 1.7%…

Will Pet Insurance Cover New World Screwworm Infestation? | Insurify

18 hours ago

New World screwworm hasn't plagued American domestic animals in nearly 60 years. But since June 3, federal authorities have confirmed at least 20 cases in Texas and New Mexico. "Standard accident and illness pet insurance policies usually cover treatment for parasitic infestations," said Julia Taliesin, a licensed insurance agent and economic analyst for…

What Do Tariffs Mean for Car Insurance Relief? | Insurify

18 hours ago

After years of relentless increases, auto insurance policyholders have been enjoying a relative break in the recent cycle. Average full-coverage premiums fell roughly 6% in 2025, according to Insurify analyses, marking the first meaningful decline after rates surged an average of 46% nationwide between 2022 and 2024.. "While auto insurance rates have not…

Inflation gauge tops 4% for first time since 2023

19 hours ago

WASHINGTON— U.S. inflation increased further in May, breaking above 4% for the first time in three years as the Middle East conflict boosted energy prices, and potentially drawing the Federal Reserve closer to raising interest rates this year. The personal consumption expenditures price index surged 4.1% in the 12 months through May, the largest increase and…

To fight the drug affordability crisis, President Trump must crack down on middlemen

19 hours ago

Most adult Americans take at least one prescription drug, and for too many, getting that prescription filled means battling the very system that's supposed to help them. Insurance denials have become alarmingly routine. And even when patients manage to access treatment, affordability remains a major challenge: nearly 60% of U.S. adults worry about being able…

New Fed sheriff forecasts higher rates in 2026

20 hours ago

There’ s a new Fed Sheriff in town, and analysts say home buyers’ hopes and dreams for lower mortgage rates in 2026 likely will remain in interest-rate jail. In his first Federal Open Market Committee meeting on June 17, President Donald Trump’ s newly appointed Federal Reserve chairman Kevin Warsh made it clear there is a new game being played at the central bank.

STRESS TEST RESULTS CONFIRM STRENGTH AND RESILIENCY OF AMERICA'S LARGEST BANKS

21 hours ago

The following information was released by the Financial Services Forum:. Financial Services Forum President and CEO Amanda Eversole issued the following statement today in response to the Federal Reserve Board's 2026 stress test results:. The Financial Services Forum is an economic policy and advocacy organization whose members are the eight largest and…

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