INDIANAPOLIS— In his second tenure leading Indiana's most expensive state agency, Family and Social Services Administration Secretary Mitch Roob wants to significantly change Indiana's insurance program for low- to middle-income Hoosiers. Some congressional changes could be prohibitively expensive for the state, coming on the heels of a bleak revenue…
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Aflac says that it has identified suspicious activity on its network in the U.S. that may impact Social Security numbers and other personal information, calling the incident part of a cybercrime campaign against the insurance industry. Aflac Inc. said potentially impacted files contain claims information, health information, Social Security numbers, and…
–President Donald Trump said Thursday that Federal Reserve Chairman Jerome Powell is costing U.S. taxpayers by not lowering interest rates. "'Too Late' Jerome Powell is costing our Country Hundreds of Billions of Dollars," Trump wrote in a social media post on Thursday. Trump's familiar criticism of the man he appointed to lead the U.S. central bank in 2017 came…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Hyundai Marine& Fire Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect HMF’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, favourable business profile and…
Federal budget cuts aimed at Medicaid and the Affordable Care Act could eventually cost 16 million Americans their health insurance coverage, and Georgia would not be immune from the impact, a health care advocacy group is warning. Their new report, 2025 Scorecard on State Health System Performance, ranked Georgia 45th— behind all of its neighbors.
Battle lines are being drawn in Washington over whether to reduce spending on Medicaid and the Children's Health Insurance Program. From Fiscal Year 2019 to Fiscal Year 2024, federal spending on these programs surged from $409 billion to $626 billion, representing a 53 percent increase. In addition, improper payments under Medicaid and CHIP were estimated…
When Alyne Diamond fell off a horse in August 2023 and broke her back, her employer-based health plan through UnitedHealthcare covered her emergency care in Aspen, Colorado. It also covered related pain management and physical therapy after she returned home to New York City. More than a year after her riding accident, Diamond was back at the emergency room…
In a statement, the association said the tax-and-spending package passed by the House and currently in the hands of the Senate, "protects the Kentucky Medicaid program, which means that our patients will continue to have access to the care they need, when they need it. If the bill does not pass the Senate, there is a strong likelihood that our Medicaid patients will…
Second Judicial District Judge Daniel Ramczyk denied a motion to dismiss the lawsuit, which alleges the board of the New Mexico Medical Insurance Pool violated the state's Open Meetings Act and Inspection of Public Records Act. The suit was filed on behalf of businessman Duke Rodriguez, a former Cabinet secretary who is considering seeking the Republican…
Miami– Skyrocketing homeowners insurance rates are gripping Florida and beyond, impacting millions of people who are struggling to keep their homes. Lawmakers are proposing property insurance reform amid the ongoing crisis, especially in Florida which is at a higher risk for powerful hurricanes and storm surge, prompting insurers to pull out of the market.
Fed keeps rates steady as Trump ramps up attacks on Powell
The Federal Reserve kept interbank interest rates at a range of 4.25 to 4.5 percent on Wednesday amid pressure from President Donald Trump.
2025 JUN 19– By a News Reporter-Staff News Editor at Health Policy and Law Daily– Investigators discuss new findings in Managed Care. Funders for this research include National Institutes of Health, National Institute for Diabetes and Digestive and Kidney Disease, NIH National Institute on Minority Health& Health Disparities, NIH National Institute on Aging.
2025 JUN 19– By a News Reporter-Staff News Editor at Insurance Daily News– A new study on Managed Care is now available. Financial support for this research came from NIH National Heart Lung& Blood Institute. Our news editors obtained a quote from the research from Harvard University,“ However, few data are available regarding ILOS implementation.
ROCK RAPIDS, Iowa– A Rock Rapids man has been placed on probation and will serve time on electronic monitoring for defrauding an insurance company. Justin Fastert, 42, pleaded guilty Friday in Lyon County District Court to single counts of fraudulent submission to an insurer and third-degree fraudulent practice, which was amended from first-degree…
Battle lines are being drawn in Washington over whether to reduce spending on Medicaid and the Children's Health Insurance Program. From Fiscal Year 2019 to Fiscal Year 2024, federal spending on these programs surged from $409 billion to $626 billion, representing a 53 percent increase. In addition, improper payments under Medicaid and CHIP were estimated…
Discussing the importance of owning life insurance can be a sensitive topic- after all, few people like to talk about death. However, if others depend on your support, or if you have substantial assets that you wish to transfer to future generations, life insurance can be an important financial tool. There are many types of insurance and features for you to consider…
U.S. insurers paid $1.04 billion in lightning-related homeowners insurance claims in 2024, a 16.5% decrease from the $1.24 billion paid out in 2023, according to the latest figures from the Insurance Information Institute. More than half of all claims came from the top 10 states, with Florida, Texas and California leading the nation. In 2024, U.S. lightning–…
Selling pressure on the EUR/USD increased following the Federal Reserve's updated policy announcement. According to reliable trading platforms, the US Dollar saw increased gains against other major currencies after the Federal Reserve kept the federal funds rate unchanged at 4.25%-4.50% for its fourth consecutive meeting in June 2025.
Great American Insurance Group’ s Property& Inland Marine Division is excited to announce a new strategic relationship with Dyad, a leading provider of connectivity solutions for wholesale and retail agents. “We are thrilled to work with Dyad,” said Travis Murphy, Divisional Vice President, Great American Property& Inland Marine.“ Their expertise in…
