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As California "s healthcare budget feels the squeeze, advocates have expressed concern that Medi-Cal recipients and county residents who rely on public hospitals could face diminished access to healthcare services and increased wait times. Medicaid, which is known as Medi-Cal in California, provides health insurance to low-income and disabled…

The University of California Health system and Cigna must reach a new contract in the coming weeks, or risk coverage for a large group of Sacramento- area patients. UC Davis Health said it is requesting reasonable payment hikes to cover the hospital system’ s rising costs. UC Davis Health said in a notice to patients in April that the system was seeking higher…

AM Best has upgraded the Long-Term Issuer Credit Rating to“ bb+” from“ bb” and affirmed the Financial Strength Rating of B of National Security Fire and Casualty Company. AM Best also has upgraded the Long-Term ICR to“ bb+” from“ bb” and affirmed the FSR of B of National Security Insurance Company. In addition, AM Best has upgraded the FSR to B from B- and the Long-Term ICR to“ bb”…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Aetna Life Insurance Company and the other members of Aetna Health& Life Group, which are operating entities of Aetna Inc. and wholly owned subsidiaries of its ultimate parent, CVS Health Corporation. Allina Health is a joint venture subsidiary of Aetna.

Bond yields surged as a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. The Nasdaq composite fell 4.2%. Nvidia and Broadcom were among the heaviest weights on the market. The Labor Department reported that employers added 172,000 jobs in May, roughly double what forecasters had…

The National Oceanic and Atmospheric Administration is forecasting a below-normal season with a total of 8-14 named storms. Now is the time to strengthen your property to reduce potential damage and check your insurance coverage to make sure you are financially prepared if a storm damages your property, according to the American Property Casualty…

But those waiting on lower interest rates to buy a home will likely have to keep waiting, said Bryan Cutsinger, a professor of economics at Florida Atlantic University’ s College of Business. The strong jobs data, combined with higher-than-ideal inflation, means the Federal Reserve is highly likely to hold interest rates at its next meeting on June 17.

Under his leadership, the Bureau successfully saved Maine homeowners and automobile owners millions in insurance premiums and kept Maines auto insurance rates among the lowest in the country. As a member of the Governor's Infrastructure Rebuilding and Resilience Commission, Superintendent Carey created new resources to fortify Maine homes against…

When you go to the pharmacy, you might be offered a coupon on your prescription drugs. Even as prescription drug costs rise, patients with commercial insurance slowed their use of manufacturer-sponsored drug coupons in recent years, according to a study the Journal of the American Medical Association published April 6. These are not the same as discount card…

Lastly, AM Best has assigned an FSR of A+ and a Long-Term ICR of“ aa” to MSIG Specialty Insurance America, Inc. The outlook assigned to this rating is stable. The ratings assigned to MSIG Specialty Insurance America, Inc. reflects its strategic importance to the parent as a newly formed excess& surplus entity to support further growth of the business in the United…

The United States added 172,000 nonfarm payrolls in May, more than doubling expectations, the Bureau of Labor Statistics reported Friday. May's job growth was down from April's 179,000 jobs but beat the Dow Jones consensus estimate of 80,000. The unemployment rate remained at 4.3%. There were 7.3 million people who are unemployed in the United States in May,…

U.S. homebuyers can't get a break. Pricey mortgages have been weighing on the housing market more broadly, which has not escaped President Donald Trump. He has waged an aggressive campaign to pressure the Federal Reserve, which sets the short-term benchmark rate, to make deeper cuts to the cost of borrowing.

If you take the long view, America’ s economic outlook is pretty bleak. The stock market is banking on it, as is Kevin Warsh, the chair of the Federal Reserve, who is hoping AI-driven growth could justify a cut in interest rates. It’ s a tall order, as net interest outlays are expected to take up 5.4% of U.S.

ScienceSoft will join the Insurance Tech and Innovation Conference 2026 in Chicago, where insurance leaders will discuss practical applications of technology in claims, underwriting, risk management, and compliance. The event will take place on June 10– 11, 2026, at the Hilton Suites Chicago, Magnificent Mile.. Vital Soupel, Senior Insurance IT and AI…

Blue Cross Blue Shield of North Carolina, the state's largest private health insurer reported it lost $497 million last year. The 4.3 million BCBS customers in North Carolina, about one-third of the state's population, know what this means: their health insurance premiums will increase. Tunde Sotunde, CEO of BCBS, addressed the loss and spoke to the current state…

Iowa has a caregiver crisis that is escalating even faster than its population is graying: Cases of dependent adult abuse, increasing for decades, have skyrocketed in the last five years, with a growing number of people found by the state to be abusive and charged criminally. The findings, documented in statistics Watchdog obtained under Iowa's open records law,…