State Assemblymember Avelino Valencia is pushing a last-minute bill to boot Orange County supervisors off the board of CalOptima Health, the county "s $4.7 billion health insurer for the poor. Valencia, D- Anaheim, said in a statement late Wednesday, June 17, that he is trying to depoliticize the CalOptima board. Supervisors Janet Nguyen and Vicente Sarmiento, who…
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President Donald Trump this week credited his tough immigration policies for a drop in car insurance premiums, falsely blaming illegal immigration during his predecessor's time in the White House for a prior increase. In a Monday post on Truth Social, Trump shared a graphic showing the year-over-year change in premiums from 2021 to 2026.
Clayton-based health insurance giant Centene is offering voluntary buyouts following a dip in health insurance members and billions of dollars in losses last year. A spokesperson for Centene declined to say how many buyouts the company was targeting, nor if they were part of a broader workforce-reduction effort. "Centene is positioning the company to lead…
The daughter of a Deltona woman who says her mother lost her Medicare insurance because of alleged consent to a clever and fast sales pitch is still seeking help and reform for the graying generations. You may recall Carol Hickerson's story that was published previously in The Beacon. Hickerson is trying to coax state and federal lawmakers to crack down on…
California state workers are likely to lose access to United Healthcare plans next year as CalPERS prepares to switch to Sutter Health Plan after the insurance behemoth tried to substantially increase 2027 premiums for public employees. Staff at the California Public Employees’ Retirement System recommended Tuesday that the board drop United…
The Federal Reserve held interest rates steady Wednesday at Chair Kevin Warsh's first rate-setting meeting since taking the reins of the central bank. Warsh, whom the Senate confirmed last month, faces a complicated endeavor as he seeks to balance President Trump's push for rate cuts with rising inflation. While the U.S. and Iran are expected to formally sign a…
2026 JUN 17– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ LIFE INSURANCE THAT ENHANCES LIFE” by Heather J. Kliebenstein Merchant& Gould P.C., representing Pacific Life Insurance Company. The registrar information for…
2026 JUN 17– By a News Reporter-Staff News Editor at Insurance Daily News– Fresh data on Kidney Diseases and Conditions- Chronic Kidney Disease are presented in a new report. According to news originating from Riverside, Illinois, by NewsRx correspondents, research stated,“ An estimated 3.7 million adults in the United States have hyperkalemia.
2026 JUN 17– By a News Reporter-Staff News Editor at Insurance Daily News– New research on Managed Care is the subject of a report. The news correspondents obtained a quote from the research from American Dental Association,“ Using public data collected by the Centers for Medicare and Medicaid Services describing MA supplemental benefits, we found that…
Updated June 17, 2026 at 1:34 PM CDT. With inflation at its highest level in more than three years, the Federal Reserve held its benchmark interest rate steady Wednesday, and signaled its next move could be a rate increase. It was the first rate decision under the leadership of the new Fed chairman, Kevin Warsh.
Elk Grove Village's insurers have reached a $10.5 million settlement with the mother of a 24- year-old man who was fatally shot by village police officers in 2023, Mayor Craig Johnson announced Tuesday. Johnson read a prepared statement at a village board meeting, stating that the settlement with Donna Murray for the death of her son, Jack Murray, will be paid…
–New data and reports from the Committee for a Responsible Federal Budget have shown that if no legislative action is taken soon, Social Security could run out of money as soon as 2032.. Other recently released data from within the federal government reflected the projection agreed the Old-Age and Survivors Insurance and Disability Insurance funds are now…
New data and reports from the Committee for a Responsible Federal Budget have shown that if no legislative action is taken soon, Social Security could run out of money as soon as 2032.. Other recently released data from within the federal government reflected the projection agreed the Old-Age and Survivors Insurance and Disability Insurance funds are now…
U.S. stocks dropped on speculation the Federal Reserve may raise interest rates this year to keep a lid on inflation. The S&P 500 slumped 1.2% Wednesday after the Fed released projections showing nearly half its policymakers foresee at least one increase to its main interest rate this year. Treasury yields climbed on rising expectations for a hike to rates in…
The central bank would implement new task forces to aid in deciding monetary policy, Kevin Warsh, the new chairman of the Federal Reserve, said Wednesday. The central bank also decided to keep interest rates at the same level of 3.5% to 3.75%. Members of the bank cited rising inflation from the U.S. conflict with Iran as a reason to keep interest rates at the same…
Insurance Business America conducted a comprehensive research process, gathering insights from brokers across the United States to evaluate claims service providers. “The nation’ s brokers play a critical role in identifying the claims organizations that truly stand out,” said Paul Lucas, Global Managing Editor, Insurance at Insurance Business America.“…
AM Best has assigned a Long-Term Issue Credit Rating of“ a-” to the $750 million 5.95% senior unsecured notes, due June 2036, issued by Sammons Financial Group, Inc.. The outlook assigned to this Credit Rating is stable. Proceeds from the issuance will be used for general corporate purposes including business growth at SFG’ s two insurance operating subsidiaries–…
During Kevin Warsh's swearing-in as chair of the Federal Reserve, President Donald Trump told the new chair to be "independent" and "Don't look at me, don't look at anybody, just do your own thing and do a great job." The Fed typically lowers rates in response to concerns about the labor market to make borrowing cheaper and help stimulate the economy.
Terri Straka lived on Cottonwood Drive in the Rosewood neighborhood of Socastee during the 1,000- year flood in 2015, when water spilled from the Intracoastal Waterway up to her yard four rows of homes inland. The National Flood Insurance Policy paid close to $90,000 after she filed a claim. Fifty-eight homes have since been bought out, demolished and…
