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Lawmakers Batter Big Tech CEOs, But Don’t Land Many Blows

July 30, 2020 Washington Wire No comments.

Invective flew Wednesday as legislators questioned Facebook’ s Mark Zuckerberg, Amazon’ s Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple at a hearing of the House Judiciary subcommittee on antitrust. For the last year, that panel has probed the business practices of the Silicon Valley giants with an eye to determining if they need to be regulated more…

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Coronavirus Chairman In Congress Demands Tennessee, Georgia ‘Red Zone’ Report

July 30, 2020

Jul. 30– NASHVILLE– The Democratic chairman of a U.S. House coronavirus panel on Wednesday sent letters to Tennessee Gov. Deborah Birx– that the administration privately warned ” Tennessee is in the red zone for cases… and the red zone for test positivity.” The chairman goes on to add that “in light of the alarming surge of coronavirus cases and deaths in Tennessee, I am…

Men Face Particular Risk For Depression During COVID-19 Pandemic

July 30, 2020

The National Institute of Mental Health reports that men are less likely than women to talk about, recognize, or seek treatment. According to the U.S. Department of Labor, nearly 43 million Americans have filed for unemployment benefits since the pandemic began, which may play out differently for women than men. An April 2020 Harvard Business Review article…

While Donald Trump Tries For A 2016 Rerun, Voters Look For A Fresh Script

July 30, 2020

With less than 100 days to go until Election Day, President Donald Trump is campaigning like he did the first time, as a challenger running against the sitting president, who this time happens to be himself. In speeches, ads and tweets, he attacks crime and urban unrest that presumably would explode in ” Joe Biden's America”- but uses video clips from President Trump's…

Unfamiliar retirement tools add to worries

July 30, 2020

PRNEWSWIRE- Despite retirement worries amid the COVID-19 pandemic, familiarity with common retirement planning tools remains low among Americans, the Center for a Secure Retirement concludes in its latest research. Additionally, four in five respondents are worried about their retirement, amplifying a reported lack of familiarity with common…

Pandemic said to wreak havoc on retirement plans

July 30, 2020

Anxiety lingers over continued market risks. BUSINESS WIRE- The COVID-19 pandemic is changing drastically how Americans view their retirement prospects, and many fear the worst is still yet to come- at least in the short term, according to a recent study by Minneapolis- based Allianz Life Insurance Co. of North America. “People are reassessing their financial…

Life insurance policy can be 'the last love letter'

July 30, 2020

Jim Lusk remembers going to the wake of one of his clients who had died after being hit by a truck. “Mortality is the last thing anybody wants to talk about,” says Lusk, who is founder and president of Spokane-based Retirement Nationwide Inc. “And not surprisingly, most people are grossly underinsured. Denial is not just a river in Egypt.

Kansas Farm Bureau health care continues to save farmers money

July 30, 2020

On Oct. 1, 2019, the Kansas Farm Bureau began offering a special health care plan to its members. Modeled after the Tennessee Farm Bureau's health care plan, KFB is offering an alternative health care benefit, similar to insurance. “We have seen everything,” said Erin Petersilie, Kansas Farm Bureau health plans manager.

Trump White House Accelerating Toward A Dollar Crisis: Analysis

July 30, 2020

Worse, the White House is reportedly considering moving from a bilateral trade war to an effort to exclude China from the dollar-denominated international payment network. In Beijing, that would be seen as weaponization of US dollar. Yet, its first CEO was a former executive of American Express and its data centers are in the US, Netherlands and Switzerland.

Covered California Extends Enrollment To Uninsured Through August

July 30, 2020

Covered California initially responded to the COVID-19 emergency by opening the health insurance exchange to any eligible uninsured individuals who needed health care coverage from March 20 to June 30, which was then extended to July 31. Those who sign up through CoveredCA.com may find out that they are eligible for no-cost or low-cost coverage through…

'A heart-wrenching blow.' Daughter of Charlotte radio show host dies in car wreck

July 30, 2020

Payton Alizabeth Cannon was killed after she lost control, veered off a rain-slickened Brawley School Road and hit a tree, Sgt. Chad Crouse of the State Highway Patrol said. Cannon was northbound when she wrecked at about 12:15 a.m. near Lightship Lane, a little more than a mile south of the Brawley School Road roundabout at Trump National Golf Club Charlotte,…

Unum CEO says Chattanooga insurer is adapting amid coronavirus crisis

July 30, 2020

Jul. 29– Unum CEO Richard McKenney said Wednesday the insurer is adapting to a changing world amid the coronavirus crisis, adding that it's prepared for “a wide variety of economic scenarios.” The Chattanooga- based company that employs nearly 3,000 people in the city on Tuesday posted after-tax adjusted operating income of $250.1 million in the quarter, or $1.23…

Watford Holdings: 2Q Earnings Snapshot

July 29, 2020

PEMBROKE, Bermuda _ Watord Holdings Ltd. on Wednesday reported second-quarter profit of $189.9 million. On a per-share basis, the Pembroke, Bermuda- based company said it had profit of $9.51. Watford Holdings shares have dropped 29% since the beginning of the year.

Senator, Union Leader: Postal Service Considers Downsizing

July 29, 2020

—The U.S. Postal Service is considering closing post offices across the country, sparking concerns ahead of an anticipated surge of mail-in ballots in the 2020 elections, U.S. Sen Joe Manchin and a union leader said Wednesday. A recent document from the Postal Service, obtained by The Associated Press, described the need for an “operational pivot” to make the…

Hingham officials double down on order for firefighters to remove thin blue line flags

July 29, 2020

Jul. 29– HINGHAM– Town officials reiterated their instructions for Hingham firefighters to remove “thin blue line” flags from their fire trucks, even as the firefighters' union has continued to push back against the order. At the time, selectmen cited a precedent that town buildings fly only the U.S. and Massachusetts flag, the flag of Hingham, flags honoring vets and…

Selective Insurance: 2Q Earnings Snapshot

July 29, 2020

_ Selective Insurance Group Inc. on Wednesday reported second-quarter net income of $34.2 million. On a per-share basis, the Branchville, New Jersey- based company said it had net income of 57 cents. Selective Insurance shares have fallen 11% since the beginning of the year.

Hingham officials double down on order to remove 'thin blue line' flags

July 29, 2020

HINGHAM– Town officials are standing by a controversial order that demands Hingham firefighters remove the “thin blue line” flags that fly atop fire trucks, even as residents and firefighters themselves stand up in opposition. Hingham selectmen addressed the issue at their Tuesday night meeting, just hours after more than 100 people stood in front of town hall…

July 29, 2020

Arthur J. Gallagher & Co. Announces Regular Third Quarter Dividend

–Arthur J. Gallagher& Co. today declared a regular quarterly cash dividend of forty five cents per share on the Common Stock of the Company, payable on September 18, 2020 to Stockholders of Record as of September 4, 2020. Arthur J. Gallagher& Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows,…

July 29, 2020

Universal Insurance Holdings Reports Second Quarter 2020 Results

Universal Insurance Holdings reported 2020 second quarter diluted EPS of $0.62 on a GAAP basis and $0.52 non-GAAP adjusted EPS 1. Quarterly direct premiums written were up 13.1% from the year-ago quarter to $404.7 million. 2 Q20 annualized return on average equity was 15.6%. “We delivered solid second quarter results, underpinned by strong top line growth as a…

July 29, 2020

Chemed Reports Second-Quarter 2020 Results

Chemed Corporation, which operates VITAS Healthcare Corporation, one of the nation’ s largest providers of end-of-life care, and Roto-Rooter, the nation’ s largest commercial and residential plumbing and drain cleaning services provider, reported financial results for its second quarter ended June 30, 2020, versus the comparable prior-year period, as…

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