WASHINGTON- The Federal Reserve cut interest rates on Wednesday in another divided vote, but signaled it will likely pause further reductions in borrowing costs as the U.S. central bank looks for clearer signals about the direction of the job market and inflation that "remains somewhat elevated." In a press conference following the release of the FOMC…
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2025 DEC 10– 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“ RELIANCEMATRIX” by Christina D. Frangiosa Neal& McDevitt, LLC, representing Reliance Standard Life Insurance Company. This application was made available to the…
2025 DEC 10– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators publish new report on Cardiovascular Diseases and Conditions. According to news reporting originating in San Diego, California, by NewsRx journalists, research stated,“ To assess the interrelation between Medicare Star Ratings medication adherence measures and other…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of UPMC Health Plan, Inc. and its affiliates: UPMC For You, Inc., UPMC Health Network, Inc., UPMC Health Coverage, Inc., UPMC Health Options, Inc. and Community Care Behavioral Health Organization. Concurrently, AM Best has revised the outlooks to stable from negative…
Most customers of state-owned Citizens Property Insurance Corp. could see significant rate decreases in 2026.. Across the state, a projected 463,096 policyholders would save an average of $359 compared to 2025, according to a document presented to the company "s Board of Governors on Wednesday. Most South Florida homeowners would see far larger decreases…
Seth Gold, Louisiana's Medicaid director, sent short letters last week to the CEOs of Aetna Better Health of Louisiana and United-HealthCare of Louisiana announcing their contract extensions with the state had been dropped for 2026. Attorney General Liz Murrill and other state officials said litigation over pharmacy benefit managers affiliated with…
–The Federal Reserve on Wednesday again cut interest rates, just ahead of the Christmas holiday. Wednesday was the Fed’ s third consecutive rate cut since September, which marked the beginning of the first cutting cycle since December 2024. Federal Reserve Chair Jerome Powell said at an economic symposium in August that the central bank weighs multiple…
Granite Real Estate Investment Trust announced today its intention to voluntarily delist its trust units from the New York Stock Exchange and to thereafter voluntarily deregister from its reporting obligations under the United States Securities Exchange Act of 1934. Granite’ s listing on the Toronto Stock Exchange will be unaffected by the delisting…
The Federal Reserve continues to lower interest rates to perhaps pump some more energy into an economy with weak spots. In fact, bond market participants are currently betting we get fewer rate cuts from central banks come 2026, which is putting some immediate upward pressure on, for instance, the rate on the 10- year U.S. Treasury. For more on what to look out for, "…
Radian Group Inc. today announced that it has received all regulatory approvals required for Radian’ s pending acquisition of Inigo Limited, a specialty insurance group underwriting through Lloyd’ s of London. This strategic acquisition will mark an important step in Radian’ s transformation from a leading U.S. mortgage insurer to a global, diversified…
The Federal Home Loan Bank of Dallas and Red River Bank are celebrating a milestone: $12 million in FHLB Dallas grants delivered over 25 years to support affordable housing, disaster recovery and economic development in communities across Louisiana. FHLB Dallas and Red River Bank held a series of ceremonial check celebrations December 8-9 at several…
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. i, today announced it has awarded $730,000 to nonprofits serving the communities where Jackson has offices: Lansing, Michigan; Nashville, Tennessee; and Chicago, Illinois. “At Greater Lansing Food Bank, we work toward more than just ensuring neighbors have…
—The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the third time since September, bringing its key rate to about 3.6%, the lowest in nearly three years. Before September, it had gone nine months without a cut. Three of the big five banks cut their savings account rates since the last Fed rate cut in October, according to Ken Tumin,…
Chairman Rand Paul of the Senate Homeland Security and Governmental Affairs Committee, released a new report exposing the Federal Reserve's use of Interest on Reserve Balances. The report is based on over 40,000 pages of documents Chairman Paul obtained from the Federal Reserve detailing IORB payments for every two-week period from July 2013 through July…
The Federal Reserve cut its key interest rates by a quarter-point Wednesday, but whether it will help the slow-moving California economy and give consumers a meaningful boost is questionable. The accumulated savings from the Fed’ s moves are starting to add up to real money,” said Matt Schulz, chief consumer finance analyst at LendingTree, which tracks interest…
I follow the newspaper's Opinion section. There are over 300 million residents in the U.S., not just the 24 million on Obamacare. A family of four on private insurance pays upwards of $2,000 per month for the same coverage Obamacare participants get for below $250.
Louisiana has halted a contract with United Healthcare to provide Medicaid coverage for roughly 333,000 people in Louisiana, less than a month before next year's agreement was set to take effect. People on the United Healthcare plan will be redistributed to other plans, the Louisiana Department of Health said. The letter from the health department did not…
The agriculture organization's chief administrator, Rob Robertson, said Monday in Kearney that Congress appears stalled on providing subsidies for the ACA "Obamacare" program, leaving farmers uninsured, so Farm Bureau has taken matters into its own hands. Although the Nebraska Farm Bureau's plan is similar to many insurance plans, Farm Bureau has been…
CEDAR FALLS– Kaye Englin, president and CEO of the Community Foundation of Northeast Iowa, will serve as a panelist at the Federal Reserve Bank of Chicago's 39th Annual Economic Outlook Symposium on Friday, Dec. 12. Englin will participate in a panel discussion titled "Chicago Fed Contact Experiences in 2025," moderated by Steve Edwards, executive vice president…
