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Four ways Florida’s Legislature may try to quell the state’s insurance crisis in 2025

December 27, 2024

Florida’ s new legislative leaders were sworn in last month, and addressing the insurance crisis seems to be at the top of their minds.“ I want to make sure that impacted Floridians and insurance companies hear me loudly and clearly— we are watching,” Senate President Ben Albritton, R- Wauchula, told senators last month. “don’ t want our state’ s insurance laws to be written…

Climate change drives up insurance costs — and missed mortgage payments

December 27, 2024

When Miguel Zablah bought his five-bedroom home in Miami’ s leafy Shenandoah neighborhood in June of 2020, he said he paid $7,000 a year for homeowner’ s insurance. The house, built in 1923, sits on high ground and has survived a century of famously volatile South Florida weather. “Some insurance companies are now quoting me at $20,000, $25,000 on my house, which is…

IBX will no longer cover drugs like Ozempic when they are prescribed solely for weight loss

December 27, 2024

Dec. 24— Starting in the new year, Independence Blue Cross, the region's largest health insurer, will no longer cover anti-obesity drugs like Ozempic and Wegovy when they're prescribed solely for weight loss. Wegovy, for example, costs as low as $92 a month in the United Kingdom but $1,349 in the United States, NBC reported. The high prices in the United States spurred…

Gold Forecast: Gold Holds Near $2,600 – 27 December 2024

December 27, 2024

–During the daily analysis of the commodity markets, the gold market is one that I’ m paying close attention to, because I think there are a lot of different moving pieces at the moment.– For starters, we have a situation where interest rates in the United States continue to climb, despite the fact that the Federal Reserve continues to cut rates.– As an example, the 10 year…

Filling jobs crucial for state's economy

December 27, 2024

While Connecticut has recovered all the positions that it lost at the beginning of the COVID-19 pandemic, its employment levels have flatlined in recent months. Connecticut's estimated number of payroll jobs last month was only 0.6% higher than a year ago, compared with a nationwide increase of 1.4%, according to data from the state Department of Labor.

Filling open jobs will be crucial for CT's economy

December 27, 2024

While Connecticut has recovered all the positions that it lost at the beginning of the COVID-19 pandemic, its employment levels have flatlined in recent months. Connecticut's estimated number of payroll jobs last month was only 0.6% higher than a year ago, compared with a nationwide increase of 1.4%, according to data from the state Department of Labor.

New US jobless claims slip, but people are remaining unemployed for longer

December 27, 2024

The number of Americans filing new applications for jobless benefits dipped to the lowest in a month last week, consistent with a cooling but still-healthy U.S. labor market that is likely to keep Federal Reserve officials from cutting interest rates any further in the near term. Initial claims for state unemployment benefits fell by 1,000 to a seasonally…

Bonamici calls for pause in changes to flood insurance program

December 27, 2024

Suzanne Bonamici has joined others in the Oregon congressional delegation in calling on the Federal Emergency Management Agency for an immediate pause on planned changes to the National Flood Insurance Program. In a letter addressed to FEMA Administrator Deanne Criswell last week, legislators urged the agency to engage collaboratively with the Oregon…

Stock market today: Asian shares advance after a mixed finish on Wall Street

December 26, 2024

Oil prices and U.S. futures declined. Tokyo's Nikkei 225 index climbed 1.4% to 40,139.90, while the Japanese yen sank further after the central bank governor indicated that interest rate hikes might be delayed by threats to the economy such as higher U.S. tariffs on imports. South Korea's Kospi was the outlier, falling 1.4% to 2,393.60 after the country's main…

Opinion: Colorado must be a trailblazer on youth mental health services and solve the commercial insurance problem

December 26, 2024

Unfortunately, in Colorado, there is an increasing need for youth mental health services and a rising percentage of young people are not receiving the help they need. A 2023 study by the Colorado Health Institute found that 22.3% of Coloradans aged 5 to 25 reported poor mental health and 18.6% of young people said they needed mental health care but didn't get it…

Primary Offering Prospectus (Form 424B2)

December 26, 2024

See "The Estimated Value of the Notes" in this pricing supplement for additional information. The notes are not bank deposits, are not insured by the Federal Deposit Insurance Corporation or any other governmental agency and are not obligations of, or guaranteed by, a bank. PS-1| Structured Investments Callable Contingent Interest Notes Linked to the Least…

Why filling job openings will be crucial for Connecticut's economy in 2025

December 26, 2024

While Connecticut has recovered all the positions that it lost at the beginning of the COVID-19 pandemic, its employment levels have flatlined in recent months. Connecticut's estimated number of payroll jobs last month was only 0.6% higher than a year ago, compared with a nationwide increase of 1.4%, according to data from the state Department of Labor.

OPINION: An insurance CEO was gunned down. Malignant health care system in Kansas explains reaction.

December 26, 2024

I remember the room so clearly. It was a small conference space in the Concord Monitor newspaper office in New Hampshire, scarcely big enough for two people. If you want to understand why so many Americans of disparate political ideologies have cheered on Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson, you might look to that…

Annual Report by Investment Company (Form N-CSR)

December 26, 2024

N-CSR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-CSR CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-05908 JOHN HANCOCK PREMIUM DIVIDEND FUND 200 BERKELEY STREET, BOSTON, MA 02116 SALVATORE SCHIAVONE TREASURER 200 BERKELEY STREET BOSTON, MA 02116…

December 26, 2024
Image shows cartoon people with an arrow pointing down over their heads.
Nonfarm payroll employment is on the rise in most states.

Everyday Economics: Without major policy shifts, U.S. economy likely to slow further in 2025

—The Federal Reserve lowered the target for the federal funds rate by another quarter point last week while signaling fewer rate cuts in 2025 than previously anticipated. Reflecting this, the yield on the benchmark 10- year Treasury has risen nearly 100 basis points since the first rate cut in September. However, with inflation already below the median FOMC…

The illusive sunny side

December 26, 2024

I suppose it is some sort of indication, as far as the public's attitude towards health insurance companies goes, that when the CEO of United Healthcare was shot down on a sidewalk in Manhattan, the outpouring of sympathy for the victim might better be described as a dry wash. Mr. Gaetz resigned his seat in Congress after prematurely ordering boxes of stationery…

Primary Offering Prospectus (Form 424B2)

December 26, 2024

The securities are the unsecured obligations of Bank of Montreal, and, accordingly, all payments on the securities are subject to the credit risk of Bank of Montreal. If Bank of Montreal defaults on its obligations, you could lose some or all of your investment. The securities are not insured by the Federal Deposit Insurance Corporation, the Deposit Insurance…

How one doctor tried to take the profit motive out of health insurance

December 26, 2024

Critics of the U.S. healthcare system, attempting to capitalize on the fury Americans have expressed toward insurance companies since the targeted killing this month of UnitedHealthcare CEO Brian Thompson, have renewed calls to rethink how the United States pays for care. Some, for example, have returned to the idea of single-payer health care, which would…

USD/ZAR Forecast: US Dollar Continues to Rally Against South African Rand – 26 December 2024

December 26, 2024

Emerging markets continue to be a place that I would run from, due to the fact that the monetary policy of the United States is going to start changing quite radically, and of course it’ s also worth noting that the Federal Reserve is likely to end up being lighter than anticipated during the 2025 year, and therefore I think we’ ve got a situation where we will continue…

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