Outstanding credit card debt balances, which are known for coming with particularly high interest rates, jumped to $1.23 trillion in the third quarter of this year, according to data from the Federal Reserve Bank of New York. Understandably, financial stress from being in debt can compound during the holidays when there are gifts, decorations and flights to buy:…
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State rules on auto insurance nonrenewal notice. When the mail arrives carrying a letter from a car insurance provider, the natural inclination is often to toss it into the "later" pile. In this article, Cheap Insurance explores the legal foundations protecting consumers and reveals the varying deadlines that insurers must abide by across the country.
U.S. stocks rose following an encouraging report on inflation that could help the Federal Reserve keep cutting interest rates next year. A strong profit report from Micron Technology also helped AI stocks halt their sharp slides on Thursday, at least for now. Treasury yields eased in the bond market after the report showed U.S. inflation was less bad last month…
The prominent Kansas City- based insurance brokerage has been toying with the idea of relocating its headquarters from the Country Club Plaza in the coming years but has not yet made any official decisions. Leaving the Plaza would be a significant blow to the famed district undergoing major redevelopment and wouldn’ t happen without a fight from Kansas City…
The Idaho Legislature’ s Medicaid Review Panel’ s meeting at Madison Health Hospital in Rexburg was one of several regional stakeholder listening sessions that will be taking place across the state through May of next year as the Idaho Department of Health and Welfare seeks feedback on its change in how Medicaid functions in the state of Idaho.
About 2,500 people with Medicare Supplement policies from UCare must move quickly this month to avoid a significant gap in their health insurance coverage beginning Jan. 1. There should be time for seniors in these UCare plans to find alternate coverage, but they need to act now and“ the short notice is shocking,” said Chad Levis, president of CAL Financial, Inc., an…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Pacífico Compañía de Seguros y Reaseguros S.A.. PCS is Perú’ s second largest insurer with a market share of 22%, as of October 2025. The company’ s ultimate parent is Perú’ s largest financial holding company, Credicorp Ltd., which had more than USD 75 billion in…
The Idaho Legislature’ s Medicaid Review Panel’ s meeting at Madison Health Hospital in Rexburg was one of several regional stakeholder listening sessions that will be taking place across the state through May of next year as the Idaho Department of Health and Welfare seeks feedback on its change in how Medicaid functions in the state of Idaho.
The ratings also reflect the support received from its sister company, Reaseguradora Patria, S.A., the lead company of the Peña Verde group and a well-known reinsurer in Latin America. As of June 2025, Peña Verde had equity of USD 864 million and premiums of USD 601 million. Patria US is considered a new company formation as it began operations in February of 2023,…
Enhanced premium tax credits that deeply subsidize health insurance premiums on Affordable Care Act exchanges are set to expire at the end of this year, unless Congress renews them. Congress appears on track to let the tax credits expire, as Republican leaders pursue legislation to address health care costs without extending the credits.
AM Best has upgraded the Long-Term Issuer Credit Rating to“ bbb+” from“ bbb” and affirmed the Financial Strength Rating of B++ of Irwell Insurance Company Limited. A partially offsetting factor is the company’ s relatively small capital base of GBP 38 million at fiscal year-end 2025, which exposes its risk-adjusted capitalisation to potential volatility.
Pete Stauber voted in favor of the Republicans' health care bill Wednesday that does not extend enhanced subsidies for millions of Americans who buy health insurance through the Affordable Care Act. "We're not going to allow Big Insurance and Big Pharma to control our health insurance any longer," Stauber said. the Republicans' bill, which passed the House by a…
—U.S. stocks rose on Thursday following an encouraging report on inflation that could help the Federal Reserve keep cutting interest rates next year. A strong profit report from Micron Technology also helped AI stocks halt their sharp slides, at least for now. To be sure, some along Wall Street said Thursday’ s inflation update may not move the needle much at the Fed…
Rebecca George has had a cancel button looming over her for weeks.The 45- year-old Chicagoan was automatically re-enrolled in a health insurance plan through the Affordable Care Act marketplace starting Jan. 1. But those subsidies expire Dec. 31, and despite a push by Democrats, the U.S. House on Wednesday did not take a vote on extending them.
Jackson Financial Inc. 1 today announced that Alison Reed has been appointed Head of Distribution of Jackson National Life Distributors LLC, the marketing and distribution business of Jackson National Life Insurance Company. “Alison is a proven leader with a track record of successful execution to support Jackson’ s strategic growth,” commented Chris Raub,…
The annual subsidy that each "applicant" received was $6,700 for a total cost to taxpayers of a little over $120,000. It found that in 2023, there were 29,000 duplicate Social Security numbers, and in 2024, there were 68,000 duplicates listed in the federal exchange. Also, the GAO discovered that when insurance brokers submitted incorrect or false Social…
In light of the unprecedented rate increases and disruption we are experiencing in the under 65 age market segment during this ACA open enrollment period, I feel that this is a good time to drill down on the confusing subject of insurance and shed some light on the subject of how to access health coverage and who pays for it. We shall divide our efforts on this topic…
When Carol Kolseth got her biopsy results back after a routine mammogram in October of 2024, she knew treatments for the cancerous lump in her breast would have to be scheduled around lapses in her health insurance. Given Carol's cancer diagnosis, they went with the second option, signing up for a Blue Cross Blue Shield plan at the silver level that provided them…
President Harry Truman once quipped he would really like to find an economist with only one hand. He went on to elaborate: "Give me a one-handed economist. That statement bears on the December 9-10 meetings of the Federal Open Market Committee of the Federal Reserve Board.
