Today, the Trump Justice Department announced it is' closing' its highly-politicized probe into Federal Reserve Chairman Jerome Powell, one of several dubious investigations undertaken by the Justice Department into President Donald Trump's perceived adversaries. U.S. Senator Jack Reed, a member of the Senate Banking, Housing, and Urban Affairs Committee,…
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Attorney for the United States, Acting under Authority Conferred by 28 U.S.C. 515, Sean S. Buckley, announced that ALI RASHAN, a medical doctor and the CEO and founder of ClearMD LLC, a provider of COVID-19 testing services in New York City, pled guilty to fraudulently billing insurance companies for COVID-19 testing services and submitting fraudulent medical…
The following information was released by the Federal Reserve Bank of Minneapolis:. The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nations central bank. The Federal Reserve Bank of Minneapolis is responsible for the Ninth Federal Reserve…
Major health insurance carriers in Connecticut continue to violate the state's mental health parity law nearly seven years after its initial passage, adding to ongoing access gaps, according to a new report from the Department of Insurance. "I think it's shocking and frankly disgusting that all five of the companies in Connecticut violated this law," said…
The Colorado Supreme Court ruled on Monday that the legislature's consumer protections requiring insurance companies to take certain steps before they allege a policyholder failed to cooperate do not apply to any obligation specifically laid out in the policy. The defendants— insurers State Farm and USAA— and their allies countered that extending the…
Ollie Super has moved in and out of cancer treatment since she was diagnosed with neuroblastoma as a toddler in foster care. Ollie’ s parents, who adopted her in 2020, tried to sign her up for a clinical trial using CAR T-cell therapy- which genetically reprograms a patient’ s white blood cells to help them fight cancer- at UNC Health in Chapel Hill, an hour-and-a-half…
The Republican senator who had effectively blocked confirmation of President Donald Trump's pick to lead the Federal Reserve says he's dropping his opposition after the Department of Justice ended its investigation of the current central bank chair. Thom Tillis of North Carolina removes a big hurdle to Trump's effort to install Kevin Warsh in the job in…
MYRTLE BEACH, S.C.— South Carolina lawmakers are facing increasing pressure to address the state's liquor liability law. The current South Carolina law mandates that businesses serving alcohol carry at least $1 million in liability insurance. The insurance mandate for businesses with state liquor licenses has been in effect since it was approved by the…
A federal agency says Illinois can't limit credit card swipe fees for federally chartered banks, even though a federal judge earlier this year ruled that it could. Two interim filings posted last week by the Office of the Comptroller of the Currency, an independent subsection of the U.S. Treasury Department, represent the latest twist in a two-year legislative…
James Kenfack, financial analyst at AM Best and one of the authors of the report, said,“ AM Best expects life insurance savings products to continue to be favoured over banking alternatives over the next 12 months. Morgane Hillebrandt, associate director, analytics, added,“ AM Best has noted that diversification efforts in the segment have continued as insurers…
—The Bank of Japan decided Tuesday to keep its benchmark rate unchanged at 0.75% amid growing worries about the war in Iran pushing prices of oil and other products higher. The Bank of Japan said that while the economy was still growing moderately it was expected to slow. The U.S. Federal Reserve and central banks in Europe are also meeting on interest rates this…
—The Federal Reserve will meet this week ahead of a looming leadership transition that remains fuzzy, and Wednesday's news conference will be closely watched for any clarification. Also Wednesday, the Senate Banking Committee will vote on whether to confirm President Trump's nominee, Kevin Warsh, to succeed Fed Chair Jerome Powell. The committee is expected…
2026 APR 27– By a News Reporter-Staff News Editor at NewsRx Medical Devices Daily– Fresh data on Surgery- Cataract Surgery are presented in a new report. According to news reporting out of Chicago, Illinois, by NewsRx editors, research stated,“ As health insurers, payers, and policymakers look to Merit-Based Incentive Payment System measures to judge eye care…
2026 APR 27– By a News Reporter-Staff News Editor at Insurance Daily News– Fresh data on Managed Care are presented in a new report. According to news originating from Gainesville, Florida, by NewsRx correspondents, research stated,“ Preventing fetal exposure to teratogenic medications is a public health priority. Our news journalists obtained a quote from the…
Amy Aronsky, chief medical officer of UnitedHealthcare of Pennsylvania. April is Financial Literacy Month, a good time to learn how your health plan can support your financial and health goals. Understanding your coverage can be a vital part of your family's financial planning, especially since 36% of adults report skipping care due to cost in the last 12…
Mike Baker often calls up a dashboard on his computer and sees nothing but green gauges: No big customer service problems evident. This unique workspace is the COVE, for Consumer Operations Vitals and Experience, where analysts use AI tools to prevent, identify and fix problems, whether it’ s excessive call transfers in Washington state, surveys pointing to…
The following information was released by the Credit Union National Association:. The first order of business this week for the House is consideration of the Senate- passed budget resolution. On Tuesday, the House Financial Services Committee is scheduled to hold a hearing evaluating the impact of capital proposals on Main Street economic growth.
Newport Specialty Partners, a newly formed specialty insurance platform backed by Lovell Minnick Partners, today announced that it has made a majority investment in Complex Coverage, Inc., a leading managing general agency focused on homeowners and personal lines coverage in New York. The company has built a strong reputation for underwriting expertise,…
Standard Insurance Company and Ignite Partners today announced the launch of Thrive Plus Fixed Indexed Annuity. The launch represents a strategic collaboration between The Standard— a financially strong and highly rated carrier with more than a century of stability— and Ignite Partners— a leading industry innovator known for developing and distributing…
