Kentucky elects 138 people to serve in the state legislature and 98 of them get their health insurance through the state-sponsored plan for public employees. I bring this up because Republican politicians have been talking a lot lately about who deserves and who does not deserve to be insured by Medicaid, the government program that Kentucky expanded 11…
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SEOUL, South Korea& NEW YORK—- Hanwha Life, South Korea’ s first life insurance company, has officially completed the acquisition of a 75% stake in U.S.- based global financial services firm Velocity Clearing, LLC on July 30. With this transaction, Hanwha Life becomes the first Korean insurance company to acquire a U.S. securities firm,“ the center of the global capital…
Pet parents in Rhode Island will soon be able to shop for pet insurance knowing their state has strict regulations on what pet insurance companies can and can't do. Rhode Island's law goes a step beyond. Like other states, Rhode Island modeled its pet insurance law after a template created by the National Association of Insurance Commissioners.
With decades of experience in strategy, innovation, and digital transformation, Costonis most recently served as Chief Operating Officer and Global Head of Marketing, Strategy, and Innovation at CNA Insurance, one of the largest U.S. commercial property and casualty insurance providers. Costonis is a noted industry speaker and author, with published thought…
The Federal Reserve held interest rates steady this week despite demands for lower rates from President Trump, Republicans in Texas released a proposal for a new state congressional map, and the US special envoy to the Middle East is traveling to Israel at a moment when the UN warns Gaza is on the verge of all out famine. Today’ s episode of Up First was edited by…
Microsoft nears OpenAI agreement for ongoing tech access. Microsoft Corp. is in advanced talks to land a deal that could give it ongoing access to critical OpenAI technology, an agreement that would remove a major obstacle to the startup's efforts to become a for-profit enterprise. The companies have discussed new terms that would let Microsoft use OpenAI' s…
San Jose "s Good Samaritan Hospital- owned by for-profit hospital chain HCA Healthcare- is suing Santa Clara County and its health insurance plan over their reimbursements for emergency care for more than 5,000 patients. According to the lawsuit, which was filed on July 17 in Santa Clara County Superior Court, patients covered by the county "s Valley Health Plan…
Donald Trump is hardly the first president to pressure the Federal Reserve to lower interest rates or take some other action the White House deems necessary to boost the economy and shield the commanderin-chief from the fallout that comes when voters can’ t make ends meet. President Lyndon B. Johnson did it 60 years ago, summoning William McChesney Martin, then…
Are self-driving cars the end of traditional car insurance? As self-driving cars continue to evolve from futuristic prototypes to road-ready vehicles, their growing presence is raising a fundamental question: What will happen to traditional car insurance? The current insurance model assumes that humans are behind the wheel, responsible for decisions and…
Lincoln Financial today reported financial results for the second quarter ended June 30, 2025. Strong performance in the quarter was driven by an increasingly diversified earnings mix and disciplined execution on strategic and financial objectives. Second quarter net income available to common stockholders was $688 million, or $3.80 per diluted share….
A Connecticut man faces larceny and forgery charges in connection with a scheme in which he has been accused of collecting premiums from at least seven people for fake or lapsed life insurance policies. Ian Pierce, 34, formerly of Tolland was charged last Thursday in connection with four arrest warrants held by troopers, according to Connecticut State Police.
BY DA SHAWN GROVES Vermont remains a nationwide leader in health coverage- we've got to stay focused on maintaining our progress. For the better part of a year, I have had the privilege of serving as commissioner for the Department of Vermont Health Access, which administers Vermont Medicaid and the health insurance marketplace through VT Health Connect.
TAMPA, Fla.— You could be saving an average about $120 a month on your auto insurance payments, according to a new report from the Florida Department of Insurance Regulation. "Even though auto insurance rates are spiking nationwide, the reason you are seeing the opposite in Florida is because we did the litigation reform," said Governor Ron DeSantis during a stop in…
U.S. stocks settled lower on Wednesday, with the Dow Jones index falling more than 150 points during the session after Federal Reserve Chair Jerome Powell said "no decision" has been made on a September rate cut. On the economic data front, U.S. pending home sales declined by 0.8% from the previous month in May, following a 1.8% gain in April. The U.S. economy expanded at…
U.S. stocks settled lower on Wednesday, with the Dow Jones index falling more than 150 points during the session after Federal Reserve Chair Jerome Powell said "no decision" has been made on a September rate cut. On the economic data front, U.S. pending home sales declined by 0.8% from the previous month in May, following a 1.8% gain in April. The U.S. economy expanded at…
The company's "Keep It Juicy" campaign, voiced by actor Vince Vaughn, encourages Americans to reclaim everyday joy and civility. Meanwhile, Allstate, one of the nation's largest insurers, has launched a three-year initiative with the Aspen Institute to strengthen trust in communities. In a 2024 study, SHRM found that U.S. employers collectively lose more than $2…
WASHINGTON- The Federal Reserve held interest rates steady on Wednesday for a fifth meeting in a row, despite officials' splintering over the right time to restart cuts and in the face of relentless attacks from President Donald Trump. The July meeting came at a turbulent moment for the central bank and its chair, Jerome H. Powell, who have been the targets of an…
Rick Scott of Florida and Ted Cruz of Texas have introduced legislation to stop the Federal Reserve from paying banks interest on their reserves, an action they say wastes upward of billions of dollars. The senators said the“ grossly mismanaged” Fed has been operating at a loss since 2022, with no money remitted to the U.S. Treasury. The Washington Times reached…
A divided Federal Reserve voted Wednesday to keep its benchmark rates unchanged, despite a dissent from two of its top officials and a torrent of criticism from President Trump. The Federal Open Market Committee, the group that decides the cost of borrowing money, voted 9-2 to hold interest rates at a range between 4.245% and 4.5%. However, the decision met strong…
