A House committee opted on Tuesday to remove an explicit cap on the Healthy Indiana Plan that would restrict enrollment to 500,000 people but kept the controversial work requirements, passing Senate Bill 2 on an 8-4 vote along party lines. The Healthy Indiana Plan, which covers the so-called "expansion population" in Indiana, provides health insurance for…
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The Federal Reserve slashed the federal funds rate three times at the end of 2024, which raised expectations that the cost of borrowing would drop, too. Today, they're still hovering close to the 7% mark, which is significantly higher than most prospective buyers are willing to pay: In fact, nearly a third of non-homeowners said they would need a mortgage rate of…
PHILADELPHIA— Mara Nissley has a rare disorder that causes her brain to swell as if she has a tumor. Citing rising costs, health insurers in the Philadelphia region and around the country are dropping or restricting coverage for some medications in this newer class of drugs, known as GLP-1 agonists. The Food and Drug Administration has approved a number of these…
Two individuals with ties to the district, one of them a member of its board of trustees, have reached out to district attorney' s offices in Orange and Los Angeles counties with the audit' s findings and complaints about the Cerritos- based risk pool operator that held the funds, Alliance of Schools for Cooperative Insurance Programs. Casner found current and…
According to LIMRA, more U.S. adults are relying on employer-sponsored life insurance. Some employers only offer a $10, 000$ 20,000 policy which basically covers funeral expenses so themajority of the insurance will have to fall on the individual. For instance, if you make $50,000 per year, you should carry $500,000 worth of life insurance to protect your family…
Josh Wheeler, R- Ammon, spoke at a Stand Up for Idaho town hall Wednesday. Topics included Medicaid, vaccine mandates, warning labels on agricultural products, a U.S. constitutional convention and the difficult experience of being a legislator. According to its website, Stand Up for Idaho is a“ nonpartisan, nondenominational nonprofit” organization to“ advocate…
It seems to be a common refrain: "We're not going out as much. For sure, political divisiveness is a common feature of democratic societies, but when it becomes deeply entrenched as it has been here in Vermont and especially down in Washington, D.C., it can have significant consequences for economic stability. This week, the Federal Reserve kept its benchmark…
As we celebrate Sunshine Week, the work done by Tampa Bay Times/Miami Herald staff to uncover issues with insurance companies in Florida can serve as a good example of how a free press can make a difference. Perez wants the House Insurance and Banking Committee to look into claims revealed in an investigative report by the Times/ Herald that insurance companies…
Topeka, Kan.– As Severe Weather Safety Awareness Week concludes, it is important for Kansans to be prepared for this storm season. Planning ahead and reviewing your insurance can help you be ready to weather the storm. "Storm season in Kansas is unpredictable" said Commissioner Schmidt.
If Amanda Sturtevant attempts to wash her dishes, she sits close to eye level with the kitchen sink. The 39- year-old is disabled and uses a wheelchair, living alone and independently inside a sand-colored mobile home in Ludlow. A situation unfolding across the state involving Sturtevant‘ s dual insurance and care provider, Commonwealth Care Alliance, could…
This week, the Federal Reserve Bank hiked its inflation forecast and reduced the growth target for the economy this year. Despite this news, traders termed the March Federal Open Market Committee meeting a "dovish pause," although it did not help the stock market. The upshot of Chair-man Jerome Powell's Q&A session on Wednesday afternoon after the meeting was…
Occupation and employer: Retired President of the Boudreau& Fischer Insurance Agency, Inc. Retired, Registered Investment Advisor Representative. Village Trustee since 2008, Chairperson of the Finance Committee, Former Chairman of the Board for the Bradley-Bourbonnais Chamber of Commerce, Former Board Member of the Bradley-Bourbonnais Chamber of…
Our asset management business had over $135 billion of inflows and further expanded its credit platform through a partnership with Castlelake, an asset-backed credit specialist. Our wealth solutions business is now firmly established as a top-tier annuity writer in the U.S., top two in Canada, and we are just getting started in the U.K. Our operating…
The insurance industry pushed back on a bill that would limit the reach of potential lawsuits against North Dakota power companies when their electric lines cause wildfires. Greg Kessel, R- Belfield, introduced Senate Bill 2339 to the House Energy and Natural Resources Committee on Thursday. It passed through the state Senate 45-1-1 and without opposing…
SOUTH AMBOY, NJ– The South Amboy Police Department is set to make history by swearing inPatricia Kanecke as its first ever female police chief during the Wednesday, April 2, City Council meeting. She pursued higher education at Middlesex County College and Stockton University before earning a degree in Computer Programming from The Chubb Institute.
As if that were not sufficient reason for concern, now he is leaning heavily on the Federal Reserve to lower interest rates. He is doing so without regard to what this might do to inflationary expectations and to the long-term interest rates, like the 10- year Treasury bond rate and the 15 and 30- year mortgage rates, that really matter to the economy.
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