A lawsuit filed by state prosecutors last week accuses UnitedHealthcare of defrauding the state of Massachusetts of at least $100 million through a Medicaid fraud scheme. The Massachusetts Attorney General’ s Office filed the lawsuit against the health insurance giant on May 29 in Suffolk County Superior Court. Our investigation found that…
Newswires
2026 JUN 02– By a News Reporter-Staff News Editor at Information Technology Business Daily– Researchers detail new data in Opioids. According to news originating from Goyang, South Korea, by NewsRx correspondents, research stated,“ Although opioids primarily act on the central nervous system, they also affect the cardiovascular system. Our news journalists…
In his eight years as chairman of the Federal Reserve, Jerome Powell faced a variety of economic challenges, from double-digit unemployment during the pandemic to the highest inflation in four decades. But Powell's tenure may be best remembered for the way he stood up to political pressure from President Trump. SCOTT DETROW, BYLINE: Jerome Powell was presented…
Minnesota is set to become the latest state to restrict how and when insurance companies can use artificial intelligence. A bill that would prohibit health insurers from making prior authorization decisions solely on the basis of AI recommendations passed the state's House of Representatives and Senate by wide margins on May 16 and 17, respectively.
Gregory W. Meeks and Andrew Garbarino introduced the bipartisan Community Flood Resilience Act to help communities better prepare for and recover from flooding by allowing certain Federal Emergency Management Agency mitigation grant funds to be used for community-based flood insurance coverage. However, NFIP coverage is limited and generally capped…
Iowa patients will soon no longer need to wonder if their health insurance companies will approve certain care their doctors recommend. Kim Reynolds recently signed a bill banning prior authorizations for cancer screenings and emergency care. Some healthcare providers say House File 2635, signed into law May 13, is a way to remove some red tape that can delay…
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,…
A jury found a 41- year-old man guilty of arson and criminal mischief and sentenced him to 33 years in the Arkansas Department of Corrections last week, May 25-29. The building was insured by Federated Mutual Insurance Company for $330,000, with an additional $255,000 coverage for business and personal property. Investigator Colin Lillard of the Dover…
What better place to see a giant picture of a lawyer than Interstate 75 in Atlanta? That quantity-over-quality approach is also attractive to doctors and funders who are now in the middle of a series of court fights in Georgia. In one case, lawyers for a trucking company’ s insurers forced funder Omni Healthcare to turn over contracts with Georgia medical clinics…
Editor's note: The following was written by David Oppedahl and Elizabeth Kepner with the Federal Reserve Bank of Chicago for the May AgLetter. Demand to purchase farmland was lower in the three- to six-month period ending with March 2026 than in the same period ending with March 2025. For 2026, average annual cash rents for farmland were up 2% in Indiana, but down…
AM Best has assigned a Performance Assessment of PA-1 to Ryan Specialty Pte. Limited. The outlook assigned to the assessment is stable. In AM Best’ s view, the nine affiliated companies, which include 40 managing general underwriters, operate within a unified governance and systems framework and are considered strategically and financially integral to RSUM’ s…
Representatives for Tacoma- based MultiCare Health System and Mountlake Terrace- based Premera Blue Cross have announced that insurance-contract talks have been extended. The News Tribune reported in April that MultiCare and Premera had yet to reach new contract terms following a termination notice from MultiCare sent late last year to the insurer, which…
Now that we're into hurricane season, which runs from June 1 to Nov. 30, it's important to know what to do during and after the storm. As I said in a previous column, preparation is the key. Make sure you have adequate homeowners' insurance and a flood insurance policy.
Desmond Lachman: New challenges for a new Federal Reserve
We have to wonder whether the same might be said of Donald Trump and the new Federal Reserve Chair Kevin Warsh's plans for the Fed under new leadership. The second is coming from the current U.S. bond market rout. Little wonder then that we have seen a 60% surge in international oil prices to around $100 a barrel and a more than 50% increase in world fertilizer prices.
State Farm is reimbursing nearly three-quarters of holders of personal auto insurance policies for 2022 model vehicles because a filing updating coverage for them included information it hadn't used before in Virginia. State Farm has about 16% of the market, insuring 8 million-plus cars and trucks in Virginia, and collects about $1.4 billion in premiums…
Mortgage rates have risen since the U.S. war with Iran began, as gas prices jumped. Markets are currently projecting that the Federal Reserve will vote to leave overnight borrowing rates unchanged at its June 16-17 meeting. The Federal Reserve typically releases a summary of economic projections four times a year.
Prosecutors said at one point, the IRS erroneously sent the woman a check for more than $2 million and that suspicious employees at a credit union halted the payment after she endorsed the check and attempted to cash it. A grand jury indicted Alice-Marie Riding, 56, on one count of making a false claim against the United States and three counts of mail fraud in U.S….
Karen Clark& Company is pleased to announce CATLAB ® 2026, taking place in Boston from June 2– 4. Emerging construction advancements, including 3 D-printed homes Advances in hurricane forecasting Anti-fragile building and material design New research from the Insurance Institute for Business& Home Safety. “insurers are operating in an increasingly…
How much does jewelry insurance cost in 2026? Standard jewelry insurance will cost about 1%-3% of your jewelry's appraised value per year, while some providers offer a lower range of rates costing 0.5%-1.5% of the appraised value per year. As such, if you were to calculate the cost of jewelry insurance for, say, a $10,000 engagement ring, you'd find that your rates…
