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BRIEFLY

July 2, 2026

CHATBOTS: The Federal Trade Commission said Wednesday that AI companies whose chatbots produce responses that reflect "ideological objectives" may violate federal law, as part of a proposed policy on how the FTC will apply its authority to the sector. CENTRAL BANK: Federal Reserve Chairman Kevin Warsh said Wednesday he will stick firmly to the U.S. central…

What are the 'top workplaces' in the New Orleans area? Check out this year's awards.

July 2, 2026

More than 80 New Orleans area businesses were named "top workplaces" as part of an annual Times-Picayune program that culminated with an awards ceremony Wednesday at the Higgins Hotel downtown. Mid-size winners were Stoa Group, a Hammond- based multifamily developer; the commercial contractor RNGD; and MSB Consulting Engineers. Top honorees in the large…

Nation’s first state-run long-term care insurance program about to launch in WA

July 2, 2026

It's been a bumpy journey since majority Democrats in the state Legislature approved its creation in 2019 over the objections of Republicans. The state will pay authorized providers from a fund in which premiums paid by an estimated 3.7 million Washington workers are deposited. "We are changing what it means to age and age with purpose and age with dignity, and…

BRIEFLY

July 2, 2026

CHATBOTS: The Federal Trade Commission said Wednesday that AI companies whose chatbots produce responses that reflect "ideological objectives" may violate federal law, as part of a proposed policy on how the FTC will apply its authority to the sector. CENTRAL BANK: Federal Reserve Chairman Kevin Warsh said Wednesday he will stick firmly to the U.S. central…

Kim Reynolds creates Iowa Medicaid fraud task force as deficit grows

July 2, 2026

Kim Reynolds signed an executive order creating a new task force geared toward eliminating Medicaid fraud, waste and abuse, joining in the federal government's crackdown on potential misuse of public assistance programs. Reynolds on Wednesday, July 1, signed the order establishing the Iowa Medicaid Fraud Elimination Task Force, which the Republican…

Insurity Unveils Agenda for Excellence in AI & Insurance, Showcasing How Insurers Are Turning AI into Operational Advantage

July 2, 2026

Insurity, a leading provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced the full agenda for Excellence in AI& Insurance, its annual conference designed to help insurers navigate the increasingly complex operational demands reshaping the industry. A major focus of this year’s event is the…

West Virginia's youngest children are losing health care coverage

July 2, 2026

At first glance, West Virginia appears to be faring better than much of the country. In 2024, 3.7% of children under age six in West Virginia were uninsured, well below the national average. The Georgetown report found that West Virginia was one of just nine states where the increase in uninsured young children outpaced growth among older children.

Long-term care insurance launches

July 2, 2026

It's been a bumpy journey since majority Democrats in the state Legislature approved its creation in 2019 over the objections of Republicans. The state will pay authorized providers from a fund in which premiums paid by an estimated 3.7 million Washington workers are deposited. "We are changing what it means to age and age with purpose and age with dignity, and…

Nation’s first state-run long-term care insurance program launches in WA

July 2, 2026

It's been a bumpy journey since majority Democrats in the state Legislature approved its creation in 2019 over the objections of Republicans. The state will pay authorized providers from a fund in which premiums paid by an estimated 3.7 million Washington workers are deposited. "We are changing what it means to age and age with purpose and age with dignity, and…

Wa Cares Fund launches first state long-term care benefits

July 2, 2026

OLYMPIA– Starting tomorrow, Washington will provide the first benefits through WA Cares, its first-in-the-nation long-term care insurance program. Most Washington workers earn long-term care benefits they can use later in life through automatic contributions to WA Cares. "This is a historic moment for Washington as the first and only state to offer workers…

Lara defeats attempt to undermine California insurance market

July 2, 2026

Late yesterday, Los Angeles Superior Court Judge Tiana J. Murillo rejected a lawsuit filed by Consumer Watchdog. Commissioner Lara's actions addressed what a news story called a "hidden crisis" of insurance companies withdrawing from California due to fear of possible major assessments by the FAIR Plan after a major disaster. We have the momentum, we have the…

How health insurers get a free pass to deny coverage from a 52-year-old law meant to protect worker pensions

July 2, 2026

Florence Corcoran, an employee of South Central Bell Telephone Company, was eight months into a high-risk pregnancy when her obstetrician recommended she spend the final month on bed rest in the hospital, for close monitoring. Despite the recommendation, her health insurer determined that it would only cover partial-day at-home nursing care.

AM Best Affirms Credit Ratings of Police Health Plan Limited

July 2, 2026

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Police Health Plan Limited. The outlook of these Credit Ratings is negative. In addition, the ratings factor in a neutral impact from the company’ s ultimate ownership by the New Zealand Police Association.

Stuart's HRT bill signed into law

July 2, 2026

Health insurance policies amended, delivered, issued or renewed in Illinois on or after Jan. 1, 2028, will be required to cover up to a six-month supply of prescribed hormone therapy under a bill Gov. Katie Stuart, D- Edwardsville, and in the Senate by state Sen. The Senate passed an amended version May 30, and the House concurred June 1.

Rep. Katie Stuart's HRT bill signed into law

July 2, 2026

Health insurance policies amended, delivered, issued or renewed in Illinois on or after Jan. 1, 2028, will be required to cover up to a six-month supply of prescribed hormone therapy under a bill Gov. Katie Stuart, D- Edwardsville, and in the Senate by state Sen. The Senate passed an amended version May 30, and the House concurred June 1.

Most U.S. stocks climb toward the finish of a strong week, but drops for tech keep indexes mixed

July 2, 2026

—Most U.S. stocks are rising Thursday after the latest update on the job market suggested the Federal Reserve may feel less pressure to hike interest rates. Stocks broadly got some help from easing Treasury yields in the bond market, which fell after a report from the U.S. government said employers added 57,000 jobs to their payrolls last month.

U.S. adds 57K jobs in 'disappointing' June report

July 2, 2026

The U.S. economy added 57,000 jobs in June, reflecting a steady job market, according to a new report from the U.S. Bureau of Labor Statistics released on Thursday. The U.S. unemployment rate dropped to 4.2% in June, according to the BLS. Chris Zaccarelli, Chief Investment Officer for Northlight Asset Management called the June report a "stark reversal" from recent…

Malibu Life Holdings Completes Acquisition of TruSpire, Establishing Malibu USA and Accelerating Entry into the U.S. Retail Annuity Market

July 2, 2026

Malibu Life Holdings Limited, a London Stock Exchange- listed insurance holding company focused on the U.S. retirement and annuity market, today announced the successful closing of its acquisition of TruSpire Retirement Insurance Company, which will be rebranded as Malibu Life USA. TruSpire brings Malibu Life a U.S.- domiciled insurance company with broad…

MAYOR MAMDANI, NYC HEALTH AGENCIES INTENSIFY ENROLLMENT IN LOW- AND NO-COST HEALTHCARE AS FEDERAL CUTS TO ESSENTIAL PLAN COVERAGE TAKE EFFECT

July 2, 2026

Today, Mayor Zohran Kwame Mamdani, the NYC Health Department and NYC Health+ Hospitals announced an expanded outreach effort to protect more than 200,000 New Yorkers from losing healthcare coverage as changes to the Essential Plan caused by federal disinvestment go into effect July 1. No New Yorker should be skipping doctor's appointments, ignoring…

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