And the insurance company with the biggest piece of that business in Pennsylvania is making its voice heard in Harrisburg, Washington, and across the political landscape. As the GOP-led Congress passed legislation making deep cuts to Medicaid spending last year, AmeriHealth spent $1.7 million on federal lobbying, the most since at least 2008.
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AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of the property/casualty members of Erie Insurance Group. Erie Insurance Exchange is the lead company of Erie; the remainder of the P/C group is composed of inter-company pooling members, Erie Insurance Company and Erie Insurance Company of New York, and…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Cathay Century Insurance Company Limited. Cathay Century posted another year of double-digit growth in consolidated adjusted capital and surplus to TWD 20.3 billion at year-end 2025, buoyed by the partial retention of net profit derived from…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Rembrandt Insurance Company, Ltd., a captive insurer of Vitol Holding B.V., a group engaged in the trading of energy-related products. The outlook of these Credit Ratings is stable. Losses due to the ongoing conflict in the Middle East have been limited due to the…
A Texas hospital chain’ s plan to build a boutique“ micro-hospital” in Meridian flatlined Tuesday after the City Council found that it failed to meet the city’ s code. The mini-hospital, which would have been operated by Houston- based Nutex Health, has come under fire from Idaho’ s largest health insurer, Blue Cross of Idaho, which alleges that the firm’ s billing…
The future of private management of Iowa's $7 billion Medicaid program hinges on which candidate voters choose to become the state's next governor this fall. Terry Branstad, a Republican, issued an executive order that contracted the management of Iowa's Medicaid program to private companies that are known as Managed Care Organizations, or MCOs.
An offsetting rating factor is Ethio Re’ s exposure to high levels of economic risk and very high levels of political and financial system risks in Ethiopia, where the majority of its business is sourced and all of its invested assets are located. Ethio Re has a track record of adequate operating performance, evidenced at fiscal year-end June 2025 by a…
DES MOINES— The future of private management of Iowa’ s $7 billion Medicaid program hinges on which candidate voters choose to become the state’ s next governor this fall. Zach Lahn, the Republican candidate, says he would maintain the system of private management that was established a decade ago. Rob Sand, the Democratic candidate, says he would begin undoing…
A federal judge sentenced a 49- year-old Omaha woman to five months in prison Thursday after the woman pleaded guilty in June to fraudulently billing Medicaid and other insurers for medical products meant for patients who never received them. Cassi Wigington also must pay $445,255.37 in restitution, U.S. District Court Judge Robert Rossiter ruled.
Next Tuesday, the Census Bureau will release 2025 data on household income, poverty, and health insurance. The data, reflecting circumstances before the bulk of the reconciliation law's cuts take effect, will show the important role food assistance from the Supplemental Nutrition Assistance Program played in lifting people above the poverty line and that…
The following information was released by the Independent Insurance Agents and Brokers of America Inc.:. Alexandria, VA, September 9, 2026 As companies accelerate artificial intelligence adoption, an overwhelming 87% say that having a human insurance agent remains important, according to a new national survey commissioned by Independent Insurance Agents…
"Democrats have made life in Connecticut unaffordable," Senate Republican Leader Stephen Harding said. "If you send more Republicans to the State Capitol, we will deliver lower income taxes, lower property taxes, lower health insurance premiums, lower electricity bills, lower grocery bills and relief at the gas pump. Affordability has become a buzzword for the…
A federal judge sentenced a 49- year-old Omaha woman to five months in prison Thursday after the woman pleaded guilty in June to fraudulently billing Medicaid and other insurers for medical products meant for patients who never received them. Cassi Wigington also must pay $445,255.37 in restitution, U.S. District Court Judge Robert Rossiter ruled.
SACRAMENTO, CA., 9/ 10/ 2026— California regulators ordered Health Net to fix how it's handling the termination of assisted living services for low-income residents after the insurer's abrupt decision left patients and providers scrambling. The services are optional under Medi-Cal— California's version of Medicaid— meaning an insurer can decide annually…
U.S. stocks ended down Thursday after producer price data for August and surging oil prices stoked worries the Federal Reserve will hike interest rates next week, while climbing Treasury yields made stocks less attractive. With supply routes through both the Strait of Hormuz and the Red Sea disrupted by the U.S.- Israeli war on Iran, Brent crude jumped 6% to $107 a…
Get Started 74% of retail CFD accounts lose money Read Review. This currency pair remained under pressure in early trade on Friday after the dollar gained ground following economic data showing producer prices increasing last month, raising expectations that the Federal Reserve could raise interest rates next week. Interest rate expectations between the…
WASHINGTON- The White House said on Thursday it will send $500 to nearly one million Americans in 30 states who are enrolled in Obamacare health insurance plans, payments it described as refunds for overcharges. Health insurers who offer plans under the ACA on Healthcare.gov pay the government a user fee to sell plans on the federal exchange, set annually by the…
The Bureau of Labor Statistics said the Producer Price Index, or PPI, rose 5.4% for the year ending in August. Turmoil in the Middle East pushed oil prices above $100 per barrel this week, and the average U.S. cost of diesel fuel is hitting all-time highs. Steve Hanke, a professor of applied economics at Johns Hopkins University, said the elevated PPI level did not…
Commissioners will meet at 9 a.m. in Room 201 of the Johnson County Courthouse, 2 N. Main St. in Cleburne. The proposed tax rate— 41.7 cents per $100 of property valuation— represents an increase over the current rate of 38.9 cents per $100. “Other banner items that led to the came about because our health insurance coverage costs are going to increase by about $2 million…
