President Donald Trump and other high-ranking Republicans claim Democrats forced the government shutdown fight because they want to give free health care to immigrants in the U.S. illegally. Democrats are trying to extend tax credits that make health insurance premiums more affordable on marketplaces established by the Affordable Care Act, commonly…
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Trump and Republicans slashed Medicaid in the so-called One Big Beautiful Bill Act and refused to extend Affordable Care Act tax credits to keep health insurance more affordable. With their control of the White House, Senate, and House of Representatives, they had the opportunity to mitigate this harm but instead refused to negotiate in good faith and chose to…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Grupo Mexicano de Seguros, S.A. de C.V.. GMX is a subsidiary of GMS Valore, S.A. de C.V., which provides GMX with synergies and operating efficiencies as a member of this group. The company initiated operations in Mexico…
Following completion of the Smith Canal Gate Project, Harder called for a federal flood risk re-evaluation. Josh Harder announced that the Federal Emergency Management Agency has lifted flood insurance requirements for parts of Stockton, which will lower insurance costs for nearly 9,000 Stockton households. The risk revisions were made possible by the…
Lately, budget planning has been a source of uncertainty and dread for Laramie resident Jessica Brauer. But now Brauer— one of more than 40,000 Wyoming residents who are covered on the marketplace— is wondering if she'll be able to afford insurance without the tax credits. Congress has not extended them beyond 2025, meaning they will expire after December…
—The U.S. government shut down Wednesday, with Democratic lawmakers insisting that any deal address their health care demands and Republicans saying those negotiations can happen after the government is funded. Democrats have demanded that the subsidies, first put in place in 2021 and extended a year later, be extended again. Some Republicans have expressed…
Mark Farrah Associates, www.markfarrah.com, released a year-over-year comparison for health insurance segment enrollment. MFA assessed membership between 2 Q24 and 2 Q25 to provide greater insight into enrollment trends for the Individual, Group, Administrative Services only for self-funded plans, Medicare Advantage, and Medicaid insurance segments.
Federal Reserve Governor Lisa Cook will be permitted to stay on the central bank board at least through next year after legal questions over her termination by U.S. President Donald Trump. On Wednesday, the U.S. Supreme Court ruled that Cook can remain on the job on an interim basis into 2026, and agreed to hear oral arguments in January with a likely ruling before…
Democrats in both the House and Senate say their Republican colleagues refused to bargain in good faith, allowing health care subsidies to expire will leave millions without health insurance and increase costs for everyone. "Democrats want to hold September government funding hostage over an unrelated December policy fight of their own making.
CyberCube, a leading cyber risk modeling and analytics business, today announced an investment of more than $180 MM by Spectrum Equity, subject to customary regulatory approvals. With this investment, Spectrum Equity will join existing investors ForgePoint Capital, Hudson Structured Capital Management Ltd, and MTech Capital, as a cornerstone…
AM Best has affirmed the Financial Strength Ratings of A+ and the Long-Term Issuer Credit Ratings of“ aa” of the main rated insurance subsidiaries of Zurich Insurance Group Ltd. At the same time, AM Best has affirmed the Long-Term ICR of“ a+” of Zurich. Zurich reported a Swiss Solvency Test coverage ratio of 255% at the end of June 2025.
Throughout summer 2025, the U.S. economy endured inflection points that included a decline in payroll employment in June, a rising trajectory for inflation, and Federal Reserve chairman Jerome Powell's announcement of a change in monetary policy. In the U.S. economy, growth will recover in mid-2026 and reach 2% by the fourth quarter of 2026, a faster pace of…
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb”, and the Vietnam National Scale Rating of aaa.VN of BIDV Insurance Joint Stock Corporation. The outlook of these Credit Ratings is stable. The ratings reflect BIC’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating…
—The Supreme Court on Wednesday allowed Lisa Cook to remain as a Federal Reserve governor for now, declining to act on the Trump administration’ s effort to immediately remove her from the central bank. In a brief unsigned order, the high court said it would hear arguments in January over Republican President Donald Trump’ s effort to force Cook off the Fed board.
—Supreme Court allows Lisa Cook to remain as a Federal Reserve governor for now.
VERO BEACH, FL- October 1, 2025- Mitesco, Inc., noting the trend toward vertical integration of the residential real estate agency business to include financial products such as mortgage and insurance, said it has begun development on a version of its upcoming Robo Agent application set specifically supporting the unique needs in the residential mortgage and…
Higher monthly premiums and fewer options are coming for hundreds of thousands of seniors across Minnesota who use Medicare Advantage health insurance plans. Meanwhile, HealthPartners, Humana and UnitedHealthcare will stop selling Medicare Advantage coverage next year in dozens of Minnesota counties, primarily outside the Twin Cities metro.
New York Life, America’ s largest 1 mutual life insurance company, announced the appointment of Deepa Soni as executive vice president and chief information officer. “Deepa is a distinguished technology leader with deep experience driving digital transformation and innovation in the financial services industry,” said DeSanto.“ We are thrilled for her to join…
Republicans and Democrats are locked in a stalemate over funding the federal government, with no sign of a resolution in sight. Democrats are demanding three provisions be included in a short-term extension of funding to get their support, including keeping alive a financial assistance program from the Affordable Care Act that lowers health insurance…
