Federal Reserve Chair Jerome Powell spoke of a need to unify and maintain a "safe, sound and efficient" U.S. banking system within hours of Treasury Secretary Scott Bessent calling the embattled central bank chief a "good public servant" and suggesting Powell finish his term despite ongoing fire by the White House. Powell, who has given no indication he plans to…
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Symetra Life Insurance Company, a national provider of life, retirement and employee benefits insurance products, today announced the launch of a new web-based resource dedicated to providing women of all ages with valuable tips and information. Empower Her Future aims to help women navigate their financial journeys, addressing the unique challenges and…
Hundreds of thousands of people in Illinois are projected to lose their health insurance through Medicaid, and the state expects a $52 billion drop in funding to finance the program as part of more than $1 trillion in health spending cuts that will be phased in over the next decade in the U.S.. Dave Gross, a leader of the medical trade group Illinois Health and…
The majority of married Americans say a divorce would derail their retirement strategy, according to the 2025 Annual Retirement Study* from the Allianz Center for the Future of Retirement, part of Allianz Life Insurance Company of North America. Married Hispanic respondents were more likely than white, Asian/Asian American, and Black/ African American…
By the time a student-led protest movement erupted into a full-scale revolution in Bangladesh in July 2024, the country’ s economy was already in free fall. The government in New Delhi, which had been close to the Hasina government, began exerting economic, political and diplomatic pressure on Bangladesh after providing refuge to numerous leaders and…
The Nasdaq 100 continues to show few signs of slowing down, this as it sustains record territory even as supposedly major shadows hover via the Federal Reserve policy and tariff deadlines. The Nasdaq 100 has sustained momentum above the 23,000 level since Thursday of last week. Intriguingly, while questions are being asked about Federal Reserve uncertainty…
Keep in mind that the US dollar of course is being thrown around by the idea of what the Federal Reserve may or may not do, as traders are looking for some type of handout in the form of lower interest rates. Ironically, the economic numbers coming out the United States have not shown an economy that is cooling off, so whether or not the Federal Reserve will actually cut…
Aflac employees displayed 15 tons of heart when they took part in Curing Kids Cancer’ s 12 th annual Fire Truck Pull held in downtown Columbia, South Carolina, to raise funds to support the Gamecocks Curing Kids Cancer Clinic at Prisma Health Children’ s Hospital— Midlands. Curing Kids Cancer was founded in 2005 by Grainne and Clay Owen to honor their son Killian, who…
Counterpart, the leading Agentic Insurance™ platform, announced the launch of its Allied Healthcare offering to address these emerging challenges. Allied Healthcare will provide tailored protection for outpatient services and remote care models, covering AI-assisted diagnostics, fitness apps, and virtual platforms. Counterpart’ s Allied Healthcare…
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength of A- and the Long-Term Issuer Credit Rating of“ a-” of The Brethren Mutual Insurance Company. The Credit Ratings reflect Brethren’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and…
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, recently launched a new digital experience for financial professionals on the company’ s website, Jackson.com. The new, easy to navigate section of the website provides personalized content, self-service enhancements, new tools to help educate financial…
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…
–In the latest move by the Trump administration to root out government waste, the Centers for Medicare and Medicaid plan to remove duplicative health insurance coverage from 2.8 million Americans improperly enrolled in taxpayer-funded healthcare plans. House Energy and Commerce Committee Chair Brett Guthrie, R- Ky., praised CMS's actions in a Monday…
Moss, 51, who lives in Richmond, said she applied for coverage in 2020 or 2021, amid the COVID-19 pandemic. Moss is one of 253,976 residents of Virginia's 4th Congressional District on Medicaid, amounting for 32.37% of the district's population— the highest percentage of recipients among the state's congressional districts, according to the Virginia…
Blaming the Federal Reserve for economic disturbances is a common political pastime in the U.S. Still, even by their usual standards, politicians' recent attacks on the Fed are unprecedented and risk serious damage to the Fed's credibility. President Donald Trump has called Fed Chair Jerome Powell a "numbskull" and a "stupid person." "Commerce Secretary Howard…
JB Pritzker is asking state lawmakers for more authority to regulate the homeowners insurance market in Illinois. His comments came after the Bloomington- based State Farm Fire and Casualty Co. notified the Illinois Department of Insurance that it was raising premiums for residential property casualty insurance in Illinois by an average 27.2%.
Policies to exit Citizens in late 2025 TALLAHASSEE— Regulators last week approved proposals by eight property-insurance companies to assume up to 253,947 policies from the state's Citizens Property Insurance Corp. late this year. Under the approvals, Manatee Insurance Exchange could assume up to 76,000 policies; Florida Peninsula Insurance Co. could…
A decline in immigration into the U.S. could impact economic growth in the future, according to a new report from the Federal Reserve Bank of Dallas. At the beginning of this year, the country was still seeing immigrants come into the labor force, said Pia Orrenius, vice president of research at the Federal Reserve Bank of Dallas and co-author of the report.
Glenn Youngkin's own Department of Medical Assistance Services just placed on the Virginia impact of President Donald Trump's One Big Beautiful Bill Act. Over the next 14 years, this federal wealth redistribution bill will stretch Virginia's budget, strain our hospitals, raise insurance premiums and harm many of our most vulnerable friends and neighbors.
