He called for the Federal Reserve to "Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago! LOWER THE RATE OR I'LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S. Supreme Court, in its ridiculous and very costly Tariff decision, strongly acknowledged' the President' has an absolute right to do.
Newswires
The ongoing stalemate between BJC Healthcare and insurance giant Anthem follows a flurry of deals struck in the last 12 months between the hospital system and three other major insurers— Cigna Healthcare, Aetna and UnitedHealthcare. BJC warned the hospital system’ s current agreement with Anthem will lapse at the end of the year, and that“ services and…
President Trump called on the Federal Reserve to lower interest rates Friday after the August jobs report came in stronger than expected, threatening to cut off trade with several countries if the central bank doesn't budge. The Bureau of Labor Statistics reported Friday that U.S. employers added 162,000 jobs last month, well above the 53,000 that economists…
2026 SEP 04– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ UHCCARECONNECT” by Wesley Anderson, representing UnitedHealth Group Incorporated. This application was made available to the public on August 21, 2026.
2026 SEP 04– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators publish new report on Cardiovascular Diseases and Conditions- Hypertension. According to news reporting originating in Denver, Colorado, by NewsRx journalists, research stated,“ Medication adherence measures for hypertension drive financial incentives and patient…
A $30 million settlement has been reached related to sexual abuse claims filed against the Diocese of Winona. Jeff Anderson& Associates PA in Saint Paul announced Thursday the settlement with United States Fire Insurance Company, the diocese’ s largest insurer. Fire Insurance denied, delayed, and for business reasons, chose to oppress survivors in bringing…
The U.S. economy added 162,000 jobs in August, according to CBS News and CoinDesk, far exceeding Wall Street forecasts and snapping a summer stretch of weak hiring. Bank of America Securities economist Shruti Mishra had noted that August jobs reports tend to surprise on the downside, pointing to seasonal patterns as a drag. August is historically weak for U.S….
Rhonda Henke, a Republican from District 1, said she was "uncomfortable with singling out a subset of employees for taking a specific medication." The DeKalb County Board voted down the measure 18-3 while Rebecca Johnson, a Republican from District 12, abstained. DeKalb County Board Chairman John Frieders, a Republican from District 12, voted in favor of the change.
ALBANY— The state Department of Financial Services has authorized the next round of health insurance premium rates for 2027, allowing companies to hike premiums by between 6% and 8%. Under state law, the agency has the power to approve, deny or modify the rate structures that health insurers in New York plan to set for their customers, with the exception of some…
Jury convicts disbarred lawyer of fraud in New Orleans staged wrecks case, mistrial on murder counts
A federal jury on Thursday delivered a split verdict in New Orleans' blockbuster staged wrecks case, convicting a disbarred Jefferson Parish attorney of running the yearslong insurance fraud scheme but deadlocking on murder-conspiracy counts he'd faced for the slaying of a key FBI informant. Jurors deliberated for more than 30 hours over five days before…
Democrats held an event in Davenport Thursday to criticize Ashley Hinson’ s wealth and connections to the insurance industry. The Democrats pointed to Hinson’ s net worth, which is estimated to be $5.53 million, according to Quiver Quant, a website that aggregates public finance disclosure records. Democrats also criticized her votes for the Big Beautiful Bill,…
Sterling Seacrest Pritchard has also been named as one of the Top 100 commercial insurance agencies and brokerages in the U.S. by The Hales Report. Each year, Dowling Hales ranks the top 100 commercial- focused agents and brokers in the U.S. Based on 2025 revenue, the "Hales Top 100" U.S. agents and broker composite grew 5% year-on-year to represent $85 billion of…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of AVLA Re Ltd.. AVLA Re is ultimately owned by AVLA Bermuda Holding Corp Ltd., a financial holding company domiciled in Bermuda that is engaged in insurance operations in Chile, Peru, Mexico, Brazil and the United States. The company currently reinsures business…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of AVLA Perú Compañía de Seguros S.A.. The ratings of AVLA Perú also recognize its affiliation and strategic importance to its ultimate parent, AVLA Bermuda Holding Corp Ltd., a financial holding company domiciled in Bermuda that is engaged in insurance…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa” of the main rated insurance subsidiaries of Zurich Insurance Group Ltd. In the second half of 2026, Zurich is expected to complete the acquisition of Beazley plc for a consideration of circa USD 11 billion. Once completed, AM Best expects Zurich’ s risk-adjusted…
Best’s Market Segment Report: AM Best Maintains Stable Outlook on China’s Non-Life Insurance Segment
The Best’ s Market Segment Report,“ Market Segment Outlook: China Non-Life Insurance,” states that enhanced regulatory oversight, particularly for non-motor lines such as property and liability, is expected to support pricing discipline, strengthen distribution practices and promote prudent market conduct. “For Chinese Interest Aboard business, while…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Ping An Health Insurance Company of China, Ltd.. The ratings also reflect the implicit and explicit support that Ping An Health receives from its two major shareholders, Ping An Insurance Company of China, Ltd. and Discovery Limited, with respect to capital and…
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of GUNA Re. In May 2026, GUNA Re recorded significant capital erosion arising from accounting treatment issues in the novation of an underwriting portfolio from the existing entity, NEWGT Reinsurance…
SPRINGFIELD— Illinois hospitals stand to lose upwards of $4 billion in revenue over the next several years due to impending changes in Medicaid rules that limit states' ability to direct higher reimbursement payments to facilities that serve the most vulnerable populations. And unless Congress acts to reverse those policies before they take full effect,…