President Donald Trump's relentless attacks on the Federal Reserve and its chair, Jerome Powell, have put the central bank under intense scrutiny as it grapples with when and by how much to cut interest rates again after a long pause. But it comes at a moment of acute tension between the White House and the Fed. The Fed operates independently of the White House, a…
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President Donald Trump has taken to routinely maligning Federal Reserve Chair Jerome Powell as "too late" because interest rates have been on hold at 4.25%-4.5% since he took office. The Bureau of Labor Statistics said Tuesday that the core consumer price index rose 0.2% in June from a month earlier, a slightly encouraging surprise that leaves the…
Colorado on Thursday joined a coalition of 21 states in challenging a new rule from the U.S. Department of Health and Human Services and Centers for Medicare& Medicaid Services. The AG's office said that leaves states like Colorado "responsible for paying for the portion of insurance premiums attributable to any such coverage." The lawsuit comes a day after…
Jul. 18— A recent final rule by the U.S. Department of Health and Human Services, which is implementing changes to people's access to the Affordable Care Act, is facing legal challenges, including one from Connecticut. Attorney General William Tong announced on Thursday that Connecticut is joining a coalition of 20 other states filing a lawsuit against the Trump…
California Insurance Commissioner Ricardo Lara issued a Cease and Desist Order against Innovative Partners, LP for illegally acting as an insurance company in California and providing health coverage without proper certification. The department launched an investigation after receiving information that California consumers were having their…
SUMMERVILLE, S.C.– A recent earthquake in Summerville is putting renewed focus on one state lawmaker's push to require greater transparency from insurance companies when it comes to coverage options. A 2.2 magnitude earthquake struck just southwest of Summerville just before 10 a.m. Wednesday, according to a report from the U.S. Geological Survey.
2025 JUL 18– By a News Reporter-Staff News Editor at CDC& FDA Daily– Researchers detail new data in Coronavirus- COVID-19. Our news editors obtained a quote from the research from the Federal Reserve Bank of Philadelphia,“ This paper uses recent loan data, including that from the Covid-19 pandemic period, and finds that a proprietary loan rating system that…
W. R. Berkley Corporation today announced the appointment of Shadi Albert as president of Vela Insurance Services. W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, commented on the appointments,“ We thank Art for his service and are grateful that he will assist in facilitating a smooth transition. Mr. Albert joined Berkley as…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of the members of MedPro Group. These Credit Ratings apply to The Medical Protective Company and its affiliates: Princeton Insurance Company; PLICO, Inc.; Wellfleet Insurance Company; and Wellfleet New York Insurance Company; as well as MedPro’ s two reinsured…
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%.
Nearly 12 million people across the nation and hundreds of thousands in North Carolina are projected to lose their health insurance over the coming years. The proponents of the legislation allege that it will merely root out "waste, fraud and abuse" in these programs, but as even North Carolina's Republican senior senator, Thom Tillis, has made plain, that's just…
Minnesota Attorney General Keith Ellison and 20 other state leaders have sued the Trump Administration over an administrative rule they say would create significant barriers to health insurance coverage under the federal Affordable Care Act. A spokesperson for the U.S. Department of Health and Human Services said the rule, which was finalized in June,…
—President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over interest rates. As the Fed moved forward with plans to renovate its Great Depression-era headquarters in Washington during Trump's first term, it faced concerns…
AM Best has assigned a Financial Strength Rating of B++, a Long-Term Issuer Credit Rating of“ bbb” and a Vietnam National Scale Rating of aaa.VN to Military Insurance Corporation. The outlook assigned to these Credit Ratings is stable. The ratings reflect MIC’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance,…
Massachusetts and 20 other states today sued the regime over changes to the Affordable Care Act they say will leave millions of Americans without insurance and bar states from providing gender-affirming care to transgender residents. In their suit, filed in US District Court in Boston, the states charge that the regime, as is par for the course, is violating the…
The Federal Reserve's political independence- the sense that the world's most powerful central bank makes decisions based on economic conditions, not short-term political considerations- is a critical national asset. Now, the administration's attacks on Chair Jerome H. Powell are escalating: White House budget adviser Russell Vought blasted Powell on…
Rick Scott and Ashley Moody introduced a bill on Thursday that would provide tax relief on flood insurance premiums. It's part of Scott's package to reform the flood insurance system, which includes a bill that would require the Federal Emergency Management Agency to make detailed historic claims, policy, and flood risk data available to the public and easily…
The FEHB program, which provides health care coverage to 8.2 million federal employees at the cost of about $70 billion annually, is the largest employer-sponsored health insurance plan in the U.S.. A report released Thursday by the Government Accountability Office shows that the Office of Personnel Management, which contracts with health insurance…
Lawsuit payouts by the state of Washington spiked to a new high of more than $506 million in the latest fiscal year, driven largely by claims of alleged abuse suffered by children in the foster care system over many decades. The ballooning legal costs have drained the state's self-insurance fund, leaving it with a projected deficit of more than $1 billion,…
