President-elect Trump has tried to bully several senior officials who have term appointments into leaving office early so that he can name their replacements. They include the FBI director, the IRS commissioner, and the chair of the Federal Reserve.
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Luigi Mangione pleaded not guilty to state murder and terrorism charges in New York. NORAD, Google have live tools to track Santa this Christmas Eve.
Donald Trump’s upcoming second term as President and the Federal Reserve’s anticipated monetary policy easing have investors closely watching the potential impacts on financial markets in 2025. The U.S. economy is expected to maintain its exceptionalism compared to other global economies. This outlook supports a cautious optimism among investors who believe U.S. markets will…
The fatal shooting of a health insurance company executive has exposed the deep dissatisfaction many Americans experience with their health insurance. Social media is abuzz with stories of anger and frustration with a system that prioritizes profit over people.
The Atlanta Federal Reserve recently promoted Michael Williams to senior vice president and head of Operations for Federal Reserve Financial Services (FRFS).© Shutterstock Previously, Williams was vice president and head of Retail Products for FRFS at the Atlanta Fed. In this new role, Williams will oversee all functions that drive payment business line operations. This […] The…
The year 2024 has been a landmark year for the cryptocurrency industry, marked by groundbreaking developments such as the introduction of Spot Bitcoin [BTC] and Ethereum [ETH] ETFs, Bitcoin’s historic surge past $100k, and the election of Donald Trump as a crypto-supportive president.
Mission Prep (866-785-6691), a leading provider of mental healthcare for adolescents in Virginia, has released a new guide to Optum insurance.
Consider this: Health insurance is a product so terrible that few Americans voluntarily buy it without receiving a sizable subsidy. "No one would design a system like the one we have. And no one did, " UnitedHealth Group CEO Andrew Witty wrote this month.
As we enter 2025, the US economic situation is showing signs of growing tension, with several dynamics converging to accentuate the fragility of the financial and consumer system.
Republican U.S. Sen. Lisa Murkowski wanted to talk. I heard from her spokesman earlier this week, and we set up a time for a call. Murkowski said she’d read my commentary about the skyrocketing price of health insurance on the individual marketplace in Alaska, and had some thoughts to share. Our Q&A is below, with […]
Enacted on Dec. 20, new base flood elevation for Palm Beach Midtown may mean higher construction cost and flood insurance premiums for homeowners.
The California Department of Insurance (CDI) on Monday released the final Net Cost of Reinsurance in Ratemaking Regulation, which requires insurance companies for the first time to increase coverage in high-risk areas, ensuring more options for Californians while limiting the costs passed on to consumers. © Shutterstock “Californians deserve a reliable insurance market that…
MetLife (NYSE:MET), the largest life insurance company in the U.S., has seen its stock gain 28% over the last year, compared to a 23% return in the S&P500 index over the same period. Notably, MetLife’s peer Prudential Financial (NYSE: PRU) is up 19% over the same period. So what are some of the trends driving MET stock and what’s the outlook like? The insurance giant posted a…
The U.S. Federal Reserve (Fed) may be pivoting away from quantitative tightening (QT), a move that could inject more liquidity into the market and fuel risk-on assets like Bitcoin [BTC]. On the 1st of January, one of the factors used to gauge the Fed’s QT, Reverse Repo Facility, printed $400B. This meant that $400B was…
"Every day, patients across America crack open envelopes with bad news. Yet another health insurer has decided not to pay for a treatment that their doctor has recommended. But the insurance companies don’t always make these decisions. Instead, they often outsource medical reviews to a largely hidden industry that makes money by turning down doctors’…
Disability carriers have continued to avoid parity, which has translated to people paying billions of dollars out of pocket for needed care.
Health insurance rules capping monthly out-of-pocket costs for insulin, asthma inhalers, and epinephrine injectors took effect on New Year’s Day. The provisions, required under a law Gov. Phil Murphy signed in July 2023, exempt insulin, asthma inhalers, and epinephrine injectors from insurance plan deductibles and respectively limit copayment or coinsurance costs for the drugs…
Insurers have always paid for reinsurance, but in California, they haven't been able to directly pass along that cost to their customers. That's set to change in 2025, according to a new regulation released Monday by the California Department of Insurance. It's the final step in Insurance Commissioner Ricardo Lara's Sustainable Insurance Strategy, his plan…
Unclaimed properties are accounts, securities and other finances being held at insurance companies, banks or other corporations that have gone dormant for a specific period of time, according to the Office of Unclaimed Property. The action was brought on behalf of Jaime Vial and other heirs of a Chilean man who owned stocks in companies incorporated in…
