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PPI CALLS FOR THE FEDERAL RESERVE TO STOP HIGHER BANKING FEES

June 6, 2026

The following information was released by the Progressive Policy Institute:. WASHINGTON This week, the Progressive Policy Institute filed an amicus brief in the case Linney's Pizza, LLC v. Board of Governors of the Federal Reserve System at the U.S. Court of Appeals for the Sixth Circuit.

SENATOR TONY HWANG RESPONDS TO PROPOSED DOUBLE-DIGIT INSURANCE RATE INCREASE REQUESTS; ENCOURAGES PUBLIC PARTICIPATION

June 6, 2026

"Once again, Connecticut families, workers, retirees, and small businesses are being asked to absorb another round of staggering double-digit health insurance premium increases," Hwang said. "For more than a decade, Connecticut residents have faced annual rate hikes that consistently add to our healthcare affordability crisis. "Every year I have raised…

WARNOCK FORCES VOTE ON TRANSPARENCY SURROUNDING MEDICAID COVERAGE LOSS

June 6, 2026

The following information was released by Georgia Senator Reverend Raphael Warnock:. The amendment was blocked on a party-line vote 52-46 with all "no" votes coming from Senate Republicans. The Senator's effort to release data surrounding Medicaid coverage loss was blocked by Senate Republicans 52-46..

Stocks Slump, Big Tech Sinks

June 6, 2026

The U.S. stock market had its worst day since October Friday as a sell-off in big technology companies weighed down the broader market and a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. The S&P 500 sank 2.6%, its biggest one-day drop since October 10, when the Trump administration…

Stock market slump: Worst day on Wall Street in months

June 5, 2026

By DAMIAN J. TROISE and ALEX VEIGA. Bond yields surged as a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. The Nasdaq composite fell 4.2%. Nvidia and Broadcom were among the heaviest weights on the market.

Researchers at University of Illinois Release New Data on Insurance (State sanctions may not affect Medicaid managed care): Insurance

June 5, 2026

For more information on this research see: State sanctions may not affect Medicaid managed care. The American Journal of Managed Care, 2026; 32: 302-304. The American Journal of Managed Care can be contacted at: Managed Care& Healthcare Communications Llc, 666 Plainsboro Rd, Ste 300, Plainsboro, NJ 08536, USA. The news correspondents report that additional…

More Hoosiers go uninsured, resulting in higher emergency department usage

June 5, 2026

Indiana hospitals are reporting a double-digit increase in the percentage of emergency department visits since the start of 2025— a rate that is expected to climb as more Hoosiers go without health insurance or opt for high-deductible plans to offset surging premiums. Another 400,000 Hoosiers are no longer covered by Medicaid since the Indiana Family and…

Norwalk schools to seek $3.3M in city funds to cover teachers' health insurance plan

June 5, 2026

A press release from Norwalk Public Schools stated that union's desire to remain enrolled in its current plan would result in a budgetary shortfall for the school district. "Now that the vote has occurred, we will work with the Board of Education and the city to discuss a special appropriation to ensure that contractual employee healthcare obligations are…

Advocates, lawmakers rally against funding cuts outside Valley Medical Center

June 5, 2026

As California "s healthcare budget feels the squeeze, advocates have expressed concern that Medi-Cal recipients and county residents who rely on public hospitals could face diminished access to healthcare services and increased wait times. Medicaid, which is known as Medi-Cal in California, provides health insurance to low-income and disabled…

Cigna, UC Health in contract dispute with July 1 deadline on patient coverage

June 5, 2026

The University of California Health system and Cigna must reach a new contract in the coming weeks, or risk coverage for a large group of Sacramento- area patients. UC Davis Health said it is requesting reasonable payment hikes to cover the hospital system’ s rising costs. UC Davis Health said in a notice to patients in April that the system was seeking higher…

AM Best Upgrades Issuer Credit Ratings of National Security Fire and Casualty Company and National Security Insurance Company; Upgrades Credit Ratings of Omega One Insurance Company, Inc.

June 5, 2026

AM Best has upgraded the Long-Term Issuer Credit Rating to“ bb+” from“ bb” and affirmed the Financial Strength Rating of B of National Security Fire and Casualty Company. AM Best also has upgraded the Long-Term ICR to“ bb+” from“ bb” and affirmed the FSR of B of National Security Insurance Company. In addition, AM Best has upgraded the FSR to B from B- and the Long-Term ICR to“ bb”…

AM Best Affirms Credit Ratings of CVS Health Corporation’s Aetna Inc. Subsidiaries

June 5, 2026

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Aetna Life Insurance Company and the other members of Aetna Health& Life Group, which are operating entities of Aetna Inc. and wholly owned subsidiaries of its ultimate parent, CVS Health Corporation. Allina Health is a joint venture subsidiary of Aetna.

How major US stock indexes fared Friday 6/5/2026

June 5, 2026

Bond yields surged as a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. The Nasdaq composite fell 4.2%. Nvidia and Broadcom were among the heaviest weights on the market. The Labor Department reported that employers added 172,000 jobs in May, roughly double what forecasters had…

It only takes one storm. Make sure insurance coverage is up-to-date

June 5, 2026

The National Oceanic and Atmospheric Administration is forecasting a below-normal season with a total of 8-14 named storms. Now is the time to strengthen your property to reduce potential damage and check your insurance coverage to make sure you are financially prepared if a storm damages your property, according to the American Property Casualty…

AM Best Assigns Issue Credit Ratings to The Northwestern Mutual Life Insurance Company’s New Surplus Notes

June 5, 2026

AM Best has assigned a Long-Term Issue Credit Rating of“ aa” to the recently announced $1.25 billion, 6.05% surplus notes, due 2056, issued by The Northwestern Mutual Life Insurance Company. The outlook assigned to the Credit Rating is stable. The proceeds from the surplus notes offering will be used for general corporate purposes.

US economy saw strong May job growth. Here’s what that means for South Florida

June 5, 2026

But those waiting on lower interest rates to buy a home will likely have to keep waiting, said Bryan Cutsinger, a professor of economics at Florida Atlantic University’ s College of Business. The strong jobs data, combined with higher-than-ideal inflation, means the Federal Reserve is highly likely to hold interest rates at its next meeting on June 17.

WAKE COUNTY COUPLE CHARGED WITH INSURANCE FRAUD, ATTEMPTING TO OBTAIN PROPERTY UNDER FALSE PRETENSE

June 5, 2026

North Carolina Insurance Commissioner Mike Causey today announced the arrests of Gurjant Singh Gill, 42, and Karmpreet Kaur Gill, 41, of 8037 Remington Heights Drive, Raleigh. After receiving a settlement from State Farm for roofing damage on Oct. 10, 2025, the Gills sought to obtain $30,000 from Homesite Insurance by filing a claim for the same roofing damage,…

DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION ANNOUNCES RETIREMENT OF SUPERINTENDENT ROBERT CAREY FROM THE MAINE THE BUREAU OF INSURANCE

June 5, 2026

Under his leadership, the Bureau successfully saved Maine homeowners and automobile owners millions in insurance premiums and kept Maines auto insurance rates among the lowest in the country. As a member of the Governor's Infrastructure Rebuilding and Resilience Commission, Superintendent Carey created new resources to fortify Maine homes against…

DISCOUNT DILEMMA

June 5, 2026

When you go to the pharmacy, you might be offered a coupon on your prescription drugs. Even as prescription drug costs rise, patients with commercial insurance slowed their use of manufacturer-sponsored drug coupons in recent years, according to a study the Journal of the American Medical Association published April 6. These are not the same as discount card…

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