An epic capital spending boom is squeezing certain prices higher, while promising sharp productivity gains and potentially huge job losses. What’s a central banker to do? The big picture: The AI boom is likely to affect the appropriate monetary policy in multiple ways, with some effects pointing to higher rates and others toward lower. Those different impacts will play out on…
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State Farm, the nation’s largest auto insurer, has lowered insurance rates and is issuing an average dividend of $100 per vehicle to policyholders. Why it matters: Insurance rates skyrocketed during the pandemic, when vehicle prices spiked, but prices have since cooled off amid falling repair costs. Driving the news: State Farm policyholders on more than 49 million vehicles will…
Prediction market Kalshi disclosed Wednesday that it had suspended two users — an editor for the MrBeast YouTube platform and a former California gubernatorial candidate — for allegedly violating its prohibition against "insider trading." Why it matters: Prediction markets are under scrutiny over whether their platforms enable people with inside information to financially…
Blue Cross Blue Shield of Massachusetts had one of its worst financial results in its history in 2025, underscoring the turbulence and disruption caused by ever-rising health care costs. For Blue Cross, losses are likely to continue into this year, despite the insurer eliminating jobs, deploying computer algorithms to target doctors it believes are…
In the aftermath of the deadly Los Angeles wildfires, lawmakers look at nonrenewal policies to what policyholders are due.
Private Health Insurance Dallas is at the center of renewed attention as calls grow for clearer coverage, stronger consumer protections, and simplified health care access designed to reduce confusion and financial strain for patients and families.
An epic capital spending boom is squeezing certain prices higher, while promising sharp productivity gains and potentially huge job losses. What’s a central banker to do? The big picture: The AI boom is likely to affect the appropriate monetary policy in multiple ways, with some effects pointing to higher rates and others toward lower. Those different impacts will play out on…
New York State Capitol WASHINGTON – Recent polling shows voters in New York support lawsuit reform that would lower their auto insurance premiums, as discussion heats up about allegedly staged car wrecks that end up in court.
Passaic County will pay $100,000 to settle a lawsuit filed by a Passaic County Prosecutor's Office employee who alleged retaliation and disability discrimination during the COVID-19 pandemic. Henry Hernandez, a media specialist with the Prosecutor's Office, filed the lawsuit in 2022 against the county, the office, Prosecutor Camelia Valdes and Chief of…
Victoria Woodhull, born in Homer, defied expectations to become a stockbroker, newspaper publisher, suffragist and first woman to run for president.
The landscape of managed care is undergoing significant changes due to rising medical utilization, evolving reimbursement models and ongoing cost challenges. Within this backdrop, UnitedHealth Group Incorporated UNH and Humana Inc. HUM stand out as two major players in U.S. managed care, with significant exposure to Medicare Advantage and other…
An Oklahoma family, displaced by a tornado, has filed a lawsuit alleging Allstate pressured adjusters to alter damage reports.
State Rep. Meredith Craig writes about a bill she introduced to incentivize employers contributing to employees' individual health insurance policies.
Data: Commonwealth Fund; Map: Kavya Beheraj/Axios Health insurance costs ate up 11% of median family income in California in 2024, according to a new analysis. Why it matters: The findings show how tough it can be to afford health care, even with insurance, for many of the estimated 167 million Americans who get coverage through an employer. The state-by-state breakdown of federal…
Data: Commonwealth Fund; Map: Kavya Beheraj/Axios Health insurance costs ate up almost 9% of the median family income in Minnesota in 2024, according to a new analysis. Why it matters: The findings show how tough it can be to afford health care, even with insurance. Zoom in: The state-by-state breakdown of federal data by the Commonwealth Fund looked at how much people spent on…
A coalition backed by health insurers and employers is launching a new a new effort to showcase hospital pricing as a central driver of rising health care costs, Axios has learned. Why it matters: Health care affordability is emerging as a key election-year issue, with the Trump administration and many in Congress increasingly questioning why drug prices and insurance premiums are…
House Judiciary Committee Republicans have subpoenaed eight Affordable Care Act health insurers for documents as part of a widening investigation of potential fraud surrounding the use of premium subsidies in the individual market, Axios has learned. Why it matters: Enhanced premium tax credits for ACA coverage expired on Jan. 1. But Republicans are pressing forward with their…
Factory Mutual Insurance Co. lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 541,725 shares of the financial services provider’s stock after selling 25,000 shares during the period. JPMorgan…
WASHINGTON – State of the Union addresses are typically an opportunity for presidents to dictate the legislative agenda to their party colleagues in Congress. Under divided government, this comes across as scolding, where the president tries to embarrass the opposing party into adopting his popular issues. But in unified, one-party government like we have now,…
