The TCW Group, Inc., a leading global asset manager, and Nippon Life Insurance Company, one of the world’ s largest life insurance companies, today announced that Nippon Life intends to commit up to $3.25 billion in additional anchor capital to TCW alternative credit strategies and increase its minority ownership stake in TCW in the future.
The victory is all the sweeter for Kobach because they’ re all immigrants— one of several classes of people Kobach dedicates his life to oppressing— and 4,350 of them are our Kansas neighbors. Kobach won a court decision this week in North Dakota that denies ACA benefits to the class of immigrants known as“ Dreamers”— as in the American dream. Two years earlier,…
Wall Street pointed slightly lower early Thursday ahead of the week's second U.S. inflation report and an expected interest rate cut by the European Central Bank. Later Thursday, the Labor Department releases data on inflation at the wholesale level, one day after it reported that consumer prices ticked up to 2.7% in November. Also coming Thursday it the…
I found it shocking over the last several days that even a lot of educated, civilized people celebrated the broad daylight assassination of health plan executive Brian Thompson. Many people even turned it into a joke right up until police arrested a suspect in Altoona, Pa., on Monday. The reality of Thompson's job and of the role of the industry, which is very large in…
I found it shocking over the last several days that even a lot of educated, civilized people celebrated the broad daylight assassination of health plan executive Brian Thompson. Many people even turned it into a joke right up until police arrested a suspect in Altoona, Penn. on Monday. The reality of Thompson's job and of the role of the industry, which is very large…
Anthem Blue Cross Blue Shield is backing off a decision that could have led to the health insurer not paying for the full duration of anesthesia if a surgery in Connecticut goes longer than a predetermined time limit, according to the state comptroller. Beginning in February, Anthem Blue Cross Blue Shield in Connecticut, New York and Missouri would have only…
—With U.S. President-elect Donald Trump threatening new tariffs and political chaos engulfing France, the European Union's second largest economy, the question ahead of the European Central Bank meeting Thursday is not whether it will cut interest rates, but by how much. Analysts see a quarter-point rate cut from the current ECB benchmark rate of 3.25% as the…
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By far, Texas has the most DACA recipients of any state on the list, with more than 87,000 "Dreamers," according to the filing. Opponents to the health care expansion, including Texas Attorney General Ken Paxton, celebrated the judge's ruling. In May, the federal Centers for Medicare& Medicaid Services announced a rule change that allowed "Dreamers"– DACA recipients…
Biovica signed an agreement with US Biotech company in clinical phase Biovica received a significant order for TKa testing services Biovica published the outcome of exercise of warrants from series TO3B. Biovica signed a master service agreement with UK biotech company Significant events after the end of the period. New DiviTum ® TKa data that…
In the days since Luigi Mangione was charged with murder for gunning down a top health insurance executive, more than a thousand donations have poured into an online fundraiser for his legal defense, with messages supporting him and even celebrating the crime. In New York, "Wanted" posters with the faces of CEOs have appeared on walls. Mangione has been charged…
The political left is giving Luigi Mangione the Che Guevara treatment. Bernard Sanders’ 2016 presidential campaign is walking a tightrope of sympathy after the high-profile execution in Manhattan, suggesting, in this instance, that vigilante justice has a silver lining. “Half a million families go bankrupt each year from medical debt, and millions are harmed…
When a 50- year-old father of two was gunned down on a New York City street last week, the consensus should have been pretty simple: That's horrible. But it turned out that the man who was killed, Brian Thompson, was CEO of UnitedHealthcare, an insurance company whose profits have soared in the last few years and which is notorious for denying medical claims.
Our news journalists obtained a quote from the research from the Federal Reserve Bank of Cleveland,“ This paper examines various choices in the specification of quantile regressions for macro applications, including how and to what extent to include shrinkage and whether to apply shrinkage in a classical or Bayesian framework. For more information on this…
Farmers Insurance plans to start writing more home insurance policies in California ahead of regulatory reforms set for next year, the state "s second-largest homeowners insurance provider announced Wednesday. "Farmers Insurance has decided to take these steps to increase coverage availability for California consumers because we recognize that the…
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of“ bbb” to Atlanta Life Insurance Company. In January 2023, Atlanta Life Holdings acquired ALIC, the 100- plus year-old Georgia- domiciled insurance company, and made a capital contribution in conjunction with the acquisition. Furthermore, the company’ s balance sheet has…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Spirit Insurance Company and Radius Insurance Company. Spirit provides property damage, business interruption, construction all-risks, excess liability and employee medical reimbursement insurance for Phillips 66, its affiliates and subsidiaries’…
2024 DEC 11– By a News Reporter-Staff News Editor at Insurance Daily News– New research on Hip Fracture is the subject of a report. According to news reporting originating in Heilongjiang, People’ s Republic of China, by NewsRx journalists, research stated,“ The study aimed to explore the effects of post-discharge physical exercise combined with co-managed care…
Elizabeth Warren said“ people can only be pushed so far” in an interview in which she condemned the assassination of UnitedHealthcare CEO Brian Thompson. Warren had been asked about how many people had seemed to applaud Thompson’ s broad-daylight execution in Manhattan a week ago due to his representation of a“ vile” health insurance business practices.
