But when asked if the issue of the over budget renovations gave him cause to fire Mr. Powell, Mr. Trump said he doesn’ t want to get personal, and that he was only visiting the site along the National Mall in Washington for a tour. The high-level tour came as Mr. Trump has increased pressure on Mr. Powell to lower interest rates and has spoken publicly about possibly firing…
Newswires
—Typically I wear a suit and tie when visiting the Federal Reserve, one of the most powerful financial institutions in the world. I was not at the Fed for the usual discussions of interest rates, inflation and unemployment, but for something more down to earth: a tour of what has become the most famous— or notorious— building renovation in Washington, a $2.5 billion…
—President Donald Trump rattled off a number to shame Federal Reserve Chair Jerome Powell about the renovation costs of the Fed's headquarters— and America's central banker dared to correct him. Trump claimed the renovation project was over budget at a $3.1 billion price tag, while Powell pushed back and said the president was including an extra building that…
President Donald Trump is set to visit the Federal Reserve headquarters in Washington on Thursday, days after suggesting Chair Jerome Powell's handling of a costly building renovation could be grounds for dismissal. The visit comes amid heightened tensions between the White House and the central bank. Such a move would challenge the central bank's…
—President Donald Trump may have found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell: by accusing him of mismanaging the U.S. central bank’ s $2.5 billion building renovation project. The Supreme Court recently signaled that Trump can’ t fire Powell simply because the president disagrees with him on interest rates.
—Trump and Fed chair Powell publicly bicker over full cost of building renovations as president pressures central banker.
Universal Insurance Holdings reported second quarter 2025 results. “In the quarter, we delivered a very strong 29.4% adjusted return on common equity,” said Stephen J. Donaghy, Chief Executive Officer.“ We are encouraged by favorable underwriting trends, as the Florida market continues to improve and we are optimistic as we look ahead.”. The increase stems from…
UnitedHealth Group’ s confirmation of a federal probe into its Medicare business comes just as lawmakers in Washington are newly calling for reforms in the sprawling Advantage program, which now provides coverage for a majority of Medicare beneficiaries. For years, Medicare Advantage been a lucrative line of business for private health insurers.
UnitedHealth Group, one of the biggest health care companies in the world, confirmed Thursday that it’ s cooperating with federal investigators probing the company’ s large Medicare business. The probe is focused on UnitedHealthcare, the largest health insurer in the nation, which is owned by parent company UnitedHealth Group. UnitedHealth Group is worth $260…
Texas already has the highest uninsured rate in the country, and higher marketplace costs could push more people to forego coverage. "Most enrollees are going to be facing a double whammy of both higher insurance bills… but also the loss of the subsidies that lower much of that cost to them," said Matt McGough, a policy analyst at Kaiser Family Foundation.
A new study conducted by the Insurance Information Institute and Whisker Labs, with support provided by Octagram Analytics, has found IoT-based fire prevention technology reduced a broad category of non-catastrophic fire claims by an estimated 63% within three years after installation. The analysis, which represents the first comprehensive…
–President Donald Trump continues to pressure Federal Reserve Chairman Jerome Powell. Trump previously called Powell to the White House for a meeting. Since returning to the White House for his second term, Trump has called Powell every name in the book.
This week brings another opportunity for Fed Chair Jerome Powell to defend the central bank's cautious stance as he addresses markets that increasingly question whether patience remains the right strategy. Yet cracks are emerging within the Federal Open Market Committee. Governor Christopher Waller has articulated a compelling alternative view that…
Reversing its recent public statements, UnitedHealth Group said Thursday it’ s cooperating with a U.S. Department of Justice investigation into its publicly funded Medicare business, complying with formal criminal and civil probes. Subsequent reporting in June said the Justice Department’ s criminal health care fraud unit was investigating how…
On May 30, 2025, Ozark became a wholly owned subsidiary of Americo Financial Life and Annuity Insurance Company, which in turn, is wholly owned by Americo Life, Inc.. AFL acquired Ozark to continue its strategic growth objectives in the U.S. life insurance market, where it has focused traditionally on closing mortality protection gaps through…
Vermont remains a nationwide leader in health coverage; we've got to stay focused on maintaining our progress. At a time of great uncertainty in our health care landscape, Vermont continues to be a nationwide leader in health coverage. According to the recent Vermont Household Health Insurance Survey, 97% of Vermonters are enrolled in health coverage and…
—Federal Reserve gives journalists a rare look at the $2.5 billion renovations that have angered Trump ahead of his visit.
OneShield, a leading provider of core insurance technology solutions for property and casualty insurers and MGAs, has appointed Doug Moore as its new Chief Innovation Officer. He has held leadership roles at companies including Guidewire, ISCS, and Command Alkon, and most recently founded Approck Cloud, an R&D consultancy focused on generative AI and…
UnitedHealth Group says it’ s cooperating with a U.S. Department of Justice investigation of its Medicare business, complying with formal criminal and civil probes. “UnitedHealth Group proactively reached out to the Department of Justice after reviewing media reports about investigations into certain aspects of the Company’ s participation in the…
