Louisiana insurers have paid $13.1 billion on Ida claims

CVS plans to make a big move in primary care by investing or acquiring a provider by the end of this year. CVS is looking for providers with a strong management team and a robust tech stack. "Obviously, the ability to scale, given the size of the company that we are and a pathway to profitability," CVS CEO Karen Lynch said during the company's earnings call Wednesday.

Aug. 5— A lawyer angered a San Antonio bankruptcy judge by disclosing in open court that ex-attorney Christopher "Chris" Pettit— accused of plundering millions of dollars belonging to his clients— had tried to commit suicide. Keyser divulged the sensitive information to support Pettit's request for $850 in mental health services as part of a monthly budget.

We were scheduled to publish Tuesday through Thursday this week, but we sat down at the keyboard this morning because we didn't want to sit out the big news out of the Senate. Today's edition: What you need to know about the Senate's passage of Democrats' long-delayed health and climate bill. The health care winners and losers in Democrats' economic package.

It's a hot summer with a labor market to match. The question is no longer "is this a recession," but rather: "Is the job market too hot for the Fed's comfort?" Driving the news: The jobs slowdown economists have been expecting isn't materializing. Rather, the economy added 528,000 jobs in July — the strongest print since February, and double what economists expected. The…

Voters rank inflation as their top concern as prices continue to rise at the fastest pace in 40 years. While barely one-third of the U.S. workforce possesses at least a four-year degree, over 60% of state government jobs require one. To combat degree inflation, Maryland Gov.

WASHINGTON, Aug 5- U.S. employers hired many more workers than expected in July and the unemployment rate fell to a pre-pandemic low of 3.5%, the strongest evidence yet that the economy was not in recession. Nonfarm payrolls added 528,000 jobs last month, the Labor Department reported Friday in its employment report, closely watched by markets.

Months of work by newly created insurance fraud squads has led to a more than twofold increase in successful property insurance fraud prosecutions across Florida, the state’s chief financial officer reported. CFO Jimmy Patronis said last month that the deployment of two new 12-person insurance fraud units in Central Florida led to the opening of nearly 200 cases that so far have…

U.S. employers added more jobs in July than expected, illustrating still-solid labor demand despite the slowing economy and suggesting the Federal Reserve will continue to press ahead with steep interest rate increases to thwart inflation. Nonfarm payrolls rose 528,000 last month after an upwardly revised gain of 398,000 in June, Labor Department data…

Futures on Wall Street are falling before the opening bell, as investors digest the July jobs report and look for clues concerning future Federal Reserve decisions. The single-session equity put/call ratio fell to 0.55, and the 21- day moving average stayed at 0.68. Expedia Group Inc is 6.2% higher ahead of the open, as analysts blast the equity after the…

Reuters- San Francisco Federal Reserve President Mary Daly said on Wednesday it would be "reasonable" for the Fed to raise interest rates by 50 basis points next month if the economy evolves as expected, and warned again that monetary authorities are determined to reduce inflation, which is running at a decades high. Markets have responded to the Fed' s monetary…

A state-chartered bailout fund is seeking to borrow $600 million after seven Louisiana insurers went bust following 2021' s Hurricane Ida. The Times-Picayune' The New Orleans Advocate' reports that the Louisiana Insurance Guaranty Association in June sought approval of the plan to sell bonds. The association would recoup the money from surviving member…

Louis Federal Reserve, said that for now he does not believe there are currently signs of an economic recession in the United States, so he expects an increase of at least 1.5 percentage points in interest rates in that country, reported CNBC television network. According to data from U.S. rate futures on the Chicago Mercantile Exchange, investors are split…

The wave of tightening in monetary policy accelerated in July. Since the beginning of the year, 71 central banks have announced interest rate hikes, involving 89 countries, since the European Central Bank, after eleven years, began a new cycle. In seven months, 228 decisions have already been made to raise interest rates to force down inflation that the…

Aug. 3— The scandal enveloping ex- San Antonio attorney Chris Pettit has developed into a deeper tragedy. A redacted version of an incident report released by the San Antonio Police Department shows Chris Pettit asked July 12 for officers to make a welfare check on his brother. Chris Pettit was living in Florida at the time.

The Superintendencia del Mercado de Valores will strengthen measures to prevent market abuse by taking advantage of privileged information. A draft rule of the SMV proposes to prohibit directors and managers from carrying out operations with securities issued by their companies, on which they are presumed to have privileged information.

A Louisiana judge has ruled that the state's insurance commissioner's directive ordering insurers to pay policyholders' Hurricane Ida evacuation expenses is invalid and unenforceable.. Judge Patrick Moore of the Division of Administrative Law wrote that Louisiana Department of Insurance Commissioner Jim Donelon acted in abuse of his office's…

U.S. job openings fell by the most in just over two years in June as demand for workers eased in the retail and wholesale trade industries, but overall market conditions remain tight, allowing the Federal Reserve to continue raising interest rates. Despite the larger-than-expected decrease in vacancies reported by the Labor Department in its Job Openings and Labor Turnover Survey,…

The president of the Federal Reserve of San Francisco, Mary Daly, said on Tuesday, 2, that the work of the Central Bank of the United States to contain inflation "is nowhere near finished. "And she said the ECB needs to follow through on its already signaled commitment to raise interest rates. The post Fed: task of containing inflation' not even close to finished', says…

Credit card balances increased by $46 billion since the first quarter, according to the latest report on household debt and credit by the Federal Reserve Bank of New York. Other balances- which include retail cards and other consumer loans- increased by $25 billion. A Northern California caller wanted to get advice on how to get rid of $13,000 in credit card debt…